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Farmers home insurance at a glance
Farmers Insurance provides home insurance that’s well-suited for a variety of homeowners. Its coverage comes in three tiers, and its standard policy includes several money-saving features that help offset an annual rate that tends to be higher than that of its competitors. Although Farmers doesn’t offer many discounts, the ones it does have are attainable.
Farmers homeowners insurance earned 4.5 out of 5 stars for overall performance. NerdWallet’s ratings are determined by our editorial team. The homeowners insurance scoring formula takes into account policy coverage options and discounts, ease of filing a claim, website transparency, the financial strength of the company, complaint data from the National Association of Insurance Commissioners and more.
Based on these considerations, Farmers is among NerdWallet’s best homeowners insurance companies for 2021.
Farmers home insurance pros and cons
Farmers home insurance complaints
Farmers had fewer than the expected number of home insurance complaints to state regulators relative to its size, according to three years’ worth of data from the National Association of Insurance Commissioners. (NAIC home insurance complaints also cover other home policy types, including mobile home, renters and condo insurance.)
Farmers home insurance state availability
Farmers home insurance is available in 41 states.
Farmers home insurance coverage
Farmers offers the standard types of home insurance coverage, as well as several optional features, including:
- Eco-Rebuild, which provides up to $25,000 extra if you choose to rebuild a damaged part of your home with “green” materials.
- Contents replacement cost coverage, to fully reimburse the cost of replacing a damaged or destroyed item rather than paying out a depreciated amount.
- Identity theft coverage, which helps pay expenses associated with having your identity stolen.
- Higher limit coverage for valuable personal items such as jewelry or art.
Farmers also offers two upgraded versions of its standard policy. The Enhanced package has higher policy limits than the standard version, plus it covers the costs of replacing your roof or personal contents. The Premier package goes a step further, offering the highest limits on personal property coverage and, in some cases, guaranteed replacement cost, which fully reimburses the cost of rebuilding your home regardless of your policy’s limits.
Farmers home insurance rates
The average annual rate for Farmers home insurance is $2,102, according to a NerdWallet analysis. That means Farmers tends to be more expensive than the national average homeowners insurance cost of $1,631.
Among highly rated, large national insurers, Farmers is the most expensive option on average for homeowners insurance. Here’s how the insurers stack up:
Farmers home insurance discounts
Farmers offers a few easy ways to save as part of its standard policy. Your insurance deductible declines each year you’re with Farmers (up to a certain limit), and you automatically receive a discount if you’ve been claim-free for three or more consecutive years.
Homeowners can also earn discounts from Farmers by:
- Making home safety improvements like installing deadbolts on doors and strong locks on windows, or adding alarm systems that connect to local police and fire departments.
- Not smoking for at least the past two years (in most states).
- Bundling a home insurance policy with another Farmers product such as auto insurance.
- Working in a designated profession such as teacher, doctor or firefighter.
Farmers home insurance consumer experience
Website: The Farmers website allows users to get quotes and manage claims. It also offers a variety of educational content based on common insurance scenarios. It can be challenging, however, to find detailed policy information without directly contacting an agent.
App: The Farmers app is available for iOS and Android. You can use it to pay bills, view policy documents, start and manage a claim or get a quote for new coverage, among other features.
Farmers home insurance FAQS
What other types of insurance does Farmers offer?
Farmers offers several other types of insurance in addition to homeowners, including:
- Personal umbrella.
How can I get a Farmers home insurance quote?
Farmers offers home insurance quotes through its website, mobile app or by telephone.
Where do I submit a claim?
Farmers home insurance claims can be submitted digitally through the website, mobile app or live chat. Alternatively, you can report the claim by calling Farmers or your agent.
Homeowners insurance ratings methodology
NerdWallet’s homeowners insurance ratings reward companies for customer-first features and practices. Ratings are based on weighted averages of scores in several categories, including financial strength, consumer complaints, coverages, discounts, online experience and more. These ratings are a guide, but we encourage you to shop around and compare several insurance quotes to find the best rate for you. NerdWallet does not receive compensation for any reviews. Read our editorial guidelines.
Insurer complaints methodology
NerdWallet examined complaints received by state insurance regulators and reported to the National Association of Insurance Commissioners in 2018-2020. To assess how insurers compare to one another, the NAIC calculates a complaint index each year for each subsidiary, measuring its share of total complaints relative to its size, or share of total premiums in the industry. To evaluate a company’s complaint history, NerdWallet calculated a similar index for each insurer, weighted by market shares of each subsidiary, over the three-year period. Ratios are determined separately for auto, home (including renters and condo) and life insurance.