Farmers Auto Insurance: Is It The Best Deal For You?

Farmers Insurance offers a wide range of insurance products, including auto insurance. While Farmers is one of the largest insurers in the country, with a long list of discounts and customization options, its rates tend to be higher than the national average and those of its competitors. However, Farmers has received positive feedback for its customer loyalty and satisfaction in handling claims. Before switching to Farmers, it is recommended to compare quotes and consider your specific needs, budget, and situation.

Discounts for bundling home and auto policies

Farmers Insurance offers a discount for customers who bundle their home and auto policies. The amount of money saved varies, but it is stated that customers can save an average of 20% when they bundle their home and auto policies. This is further supported by a 2023 national survey by State Farm, which found that customers could save up to $1,273 on average per household when bundling their auto and home insurance.

Bundling insurance is when a customer purchases multiple policies from one insurance company. This makes the customer more valuable to the insurance company, and they often pass on the savings to the customer in the form of a discount. Bundling insurance can also help save time and avoid accidental gaps in coverage. With only one insurance company to deal with, you can make payments and manage your accounts all in one place, whether through an online portal or a mobile app.

It is important to note that the availability of discounts and their amounts will vary based on the type of insurance policy and the state in which the customer lives. For example, Farmers Insurance offers a variety of savings opportunities for eligible home insurance customers, but these may differ depending on the state.

In addition to bundling home and auto policies, Farmers Insurance also offers other ways to save money on car insurance, such as maintaining a clean driving record, keeping your current car for a few extra years, and doing research before buying a car.

Discounts for good students

Farmers Insurance offers a good student discount for eligible high school and college students. To qualify for this discount, students must maintain a certain grade point average (GPA), usually a B average or higher. Proof of the student's academic performance, such as a report card or transcript, may be required. The good student discount is Farmers' way of acknowledging and rewarding students for their hard work and dedication to their studies.

Farmers Insurance appreciates the importance of academic excellence and encourages young drivers to maintain good grades. The good student discount can help students save on their auto insurance premiums, making it more affordable for them to stay insured while they focus on their education. It is worth noting that the availability of this discount may vary by state, so it is recommended to check with a Farmers Insurance agent to confirm eligibility.

In addition to the good student discount, Farmers Insurance also offers other discounts that may be of interest to students. For example, the Distant Student Discount is available for students who live away from home and don't frequently drive their parents' cars. This discount recognises that these students pose a lower risk, as they are not on the road as often.

Farmers Insurance also offers a Youthful Driver Discount for drivers under 25, which can help younger drivers save on their insurance premiums. Safe driving habits are also rewarded by Farmers, with discounts for students who demonstrate responsible driving behaviours.

Overall, Farmers Insurance recognises the importance of academic excellence and promotes safe driving habits among young drivers. The good student discount is a great way for eligible students to save on their auto insurance premiums, and there are also other discounts available that can further reduce their insurance costs.

Discounts for insuring multiple vehicles

Farmers Insurance offers a multi-car discount for customers who insure more than one car on the same policy. The amount you can save with a multi-car insurance policy varies by insurer, but Farmers is one of several insurance companies that offer this discount.

According to ValuePenguin, Geico offers the biggest savings for multi-car insurance, with a discount of up to 25%. State Farm also offers a significant multi-car discount of 20% off. Although Farmers does not specify the amount of its multi-car discount, it is still worth considering as part of a broader set of discounts and benefits.

In addition to the multi-car discount, Farmers offers other ways to save on your auto insurance. For example, you can save by bundling your auto policy with a home insurance policy or another type of insurance policy. Farmers also offers discounts for safe drivers, good students, and vehicle safety features.

To make the most of the savings offered by Farmers, it is recommended to periodically assess your policy, stay in touch with your agent, and ask about any new discounts that may be applicable.

Discounts for being a member of the military

Farmers Insurance offers a military discount on auto insurance premiums for members of the United States Armed Forces community who are on active duty, retired, or members of the National Guard or Reserves. This includes active-duty military, retired military veterans, and honorably discharged military veterans.

To apply for the Farmers Insurance military discount, you can call 1 (888) 327-6335.

In addition to the military discount, Farmers Insurance also offers various other discounts that you may be eligible for, such as:

• Bundling your home and auto policies
• Keeping your current car for a few extra years
• Having a clean driving record
• Purchasing multiple policies, such as combining your auto policy with a home policy
• Increasing your deductible
• Enhancing your home's safety and security, such as by installing a security system or fire alarm

It's important to note that the availability of certain discounts may vary based on your state and insurance policy. Be sure to contact Farmers Insurance or a local agent to confirm your eligibility and to get a quote that includes any applicable discounts.

Discounts for belonging to certain professional groups

Farmers Insurance offers an Affinity discount for members of certain professional groups and associations. This discount is a testament to Farmers' commitment to serving communities and professions. The discount is typically around 5% and is available to members of various professions, including:

• Teachers
• Police officers
• Firefighters
• Military personnel
• Doctors
• Nurses
• Dentists
• Engineers

The Affinity discount is also available to members of certain organisations and associations, such as fraternal organisations and university alumni groups.

Frequently asked questions