Haris Ashley
Farmers homeowners insurance is a fairly reliable insurer for your home and property, offering solid coverage with customizable policies. It is available in every state except Alaska, Delaware, Florida, Hawaii, Maine, New Hampshire, Rhode Island, North Carolina, Vermont, West Virginia, and Washington, D.C. Farmers insurance earned 4.5 out of 5 stars for overall performance, with a score of 3.86 out of 5 overall, according to NerdWallet. However, it is ranked 8th in the best homeowners insurance companies by US News, receiving below-average scores in the national consumer survey. It also has higher-than-average premiums, with the average rate for $300,000 dwelling coverage being $2,524 per year, according to Bankrate.
| Characteristics | Values |
|---|---|
| Availability | Available in 39 states |
| Customer Loyalty | 4.0 out of 5 |
| Policy Value Rating | 3.7 out of 5 |
| Best Homeowners Insurance Companies Rating | 8th |
| National Consumer Survey Ranking | 9th |
| Claims Handling Rating | 4.0 out of 5 |
| Overall Performance | 4.5 out of 5 stars |
| Discounts | Yes |
| Customizable Policies | Yes |
| Flood Insurance | No |
| California Coverage Options | Condominiums, renters, umbrella policies, landlords, vacant properties, and manufactured homes |
| Standard Coverages | Dwelling, personal property, and liability |
| Additional Coverage Types | Extended replacement cost coverage, emergency mortgage assistance, personal property replacement cost coverage, water backup or sump pump failure coverage, scheduled personal property coverage, ordinance or law coverage, and equipment breakdown coverage |
| Average Annual Premium for $300K Dwelling Coverage | $2,524 |
| Average Annual Premium for $300K Dwelling Coverage with $1,000 Deductible | $3,194 |
| Best For | Shoppers who prefer to keep their policies with the same company |
Explore related products
What You'll Learn
Farmers Insurance offers standard coverage and optional extras
Farmers Insurance offers a range of standard coverage options, including dwelling, personal property, and liability. It also provides a variety of additional coverage types that address specific types of damages. For instance, Farmers Insurance covers extra bills incurred when you can't live at home due to a covered loss (loss of use/additional living expenses) and damages or injuries to others caused by you or occurring on your property (personal liability and medical payments). Notably, Farmers Insurance does not offer flood insurance, so those seeking coverage in this area will need to look elsewhere.
Farmers Insurance also includes green reimbursement coverage in its base policies, which is a unique feature. This means that if you have a green certification from the U.S. Green Building Council's Leadership in Energy and Environmental Design (LEED) rating system, Energy Star, or the Environmental Protection Agency, you may be eligible for reimbursement.
In addition to its standard coverage, Farmers Insurance offers several optional extras to enhance your policy. These include extended or guaranteed replacement cost coverage, which pays an additional percentage if the cost to rebuild your home exceeds your policy limit. You can also add water backup or sump pump failure coverage, which applies if sewer lines or sump pumps cause water damage to your home.
Another optional extra is scheduled personal property coverage, which provides additional protection for valuable personal items such as jewelry or art. Ordinance or law coverage is also available to help bring your home up to code when repairing or rebuilding after a covered claim. Finally, equipment breakdown coverage pays to fix or replace HVAC or large appliances if they stop working beyond typical wear and tear.
Farmers Insurance offers a solid selection of coverage options and optional extras to meet the diverse needs of its customers. While its rates tend to be higher than those of its competitors, the company provides a long list of discounts to help offset the cost. Overall, Farmers Insurance is a reputable company that can provide robust coverage options for those willing to spend a little extra.
Colonial Penn Insurance: Is It Worth the Cost?
You may want to see also
Explore related products
The company has a good rating for customer loyalty
Farmers homeowners insurance is a reputable company that boasts solid customer loyalty. The company offers a range of customizable policies that cater to its customers' ever-changing needs. Notably, Farmers is tied for third place in customer loyalty, with a rating of 4.0 out of 5, according to US News. This score is only slightly lower than the average of 4.2.
Farmers' customer loyalty can be attributed to its ability to meet the diverse needs of its policyholders. The company provides a wide array of standard and optional insurance coverages, including personal property replacement cost coverage, extended replacement cost coverage, and water backup or sump pump failure coverage. Policyholders can also take advantage of a long list of discounts, such as those for nonsmokers and members of certain professions, to help offset the higher premiums.
Farmers' commitment to its customers is further demonstrated by its expansion plans in California. Despite the state's challenging insurance market, Farmers has increased its coverage options and raised its cap on new homeowners insurance policies. This move provides California residents with more choices for securing the protection they need in the wake of the 2025 wildfires.
In addition to its financial offerings, Farmers has also improved its digital services in recent years, according to the 2024 J.D. Power U.S. Insurance Digital Experience Study. The company's solid customer loyalty rating suggests that policyholders appreciate the combination of comprehensive coverage options and user-friendly digital tools that Farmers provides.
While Farmers ranks well in customer loyalty, it's important to consider other factors when choosing an insurance company. Policyholders seeking the cheapest rates may prefer other insurers, as Farmers tends to have higher-than-average premiums. Additionally, the company's performance in claims handling and policy value received below-average scores in the US News consumer survey.
DJI Drone Insurance: Is It a Smart Investment?
You may want to see also
Explore related products
Farmers Insurance has above-average rates
Farmers Insurance offers solid homeowners insurance coverage with customizable policies that meet its customers' ever-changing needs. The company ranks well for claims service and has fewer complaints than expected to state regulators, according to three years of data from the National Association of Insurance Commissioners.
However, Farmers Insurance has above-average rates. For example, a homeowners insurance policy in 2025 with Farmers for $300,000 in dwelling coverage costs an average of $2,524 per year, according to Bankrate's study. This is more than the national average cost of homeowners insurance, which is $2,466 per year for the same level of coverage. The average Farmers home insurance rate nationwide at the $300,000 dwelling coverage level is even higher, at $3,194 with a $1,000 deductible.
Farmers Insurance's premiums tend to be higher than those of its competitors, with average premiums 67% higher than the cheapest company, Amica. However, Farmers offer a nice selection of discounts to help customers save on their premiums, including a 30% new home discount. Discounts are also available for non-smokers and members of certain professions.
Farmers Insurance also has higher-than-average rates due to its lack of 24/7 customer service. The company's digital service has improved in recent years, according to the 2024 J.D. Power U.S. Insurance Digital Experience Study.
While Farmers Insurance has above-average rates, individual rates will vary, so it may still be an affordable option for some homeowners. The company is also committed to expanding its coverage in California, a state where many other insurers are pulling out. This could give residents in high-risk areas more options to secure the protection they need.
The Pekin Insurance and Farmers Insurance Connection: Partners or Rivals?
You may want to see also
Explore related products
It's available in most states
Farmers homeowners insurance is available in most states across the US. However, it is not available in Alaska, Delaware, Florida, Hawaii, Maine, New Hampshire, Rhode Island, North Carolina, Vermont, West Virginia, and Washington, D.C. In California, Farmers Insurance has expanded its coverage options, reflecting growing confidence in the state's shifting insurance market. This expansion includes coverage for condominiums, renters, umbrella policies, landlords, vacant properties, and manufactured homes.
Farmers Insurance offers a range of standard and optional coverage options to meet the diverse needs of homeowners. Standard coverage includes dwelling, personal property, and liability insurance. Optional coverage includes personal property replacement cost coverage, extended or guaranteed replacement cost coverage, water backup or sump pump failure coverage, scheduled personal property coverage, ordinance or law coverage, and equipment breakdown coverage.
Farmers Insurance also provides a variety of discounts to help offset the higher premiums. These include a 30% new home discount, discounts for non-smokers, and discounts for members of certain professions. The company's digital services have improved in recent years, making it more accessible to customers.
Farmers Insurance is committed to providing robust coverage options and enhancing its offerings to meet the changing needs of homeowners. Its availability in most states makes it a convenient option for those seeking insurance across the US.
FHA Insurability: Home Renovation Tips
You may want to see also
Explore related products
![The Farmer (Limited Edition) [Blu-ray]](https://m.media-amazon.com/images/I/71-FbN0Gd9L._AC_UY218_.jpg)
The company has a good rating for claims handling
Farmers homeowners insurance offers solid coverage with customizable policies that meet its customers’ ever-changing needs. It is a fairly reliable insurer for your home and property. The company has a good rating for claims handling, ranking 9th in a national consumer survey of policyholders with a score of 4.0 out of 5. This is only slightly lower than the average score of 4.2. In another ranking, it placed 6th with a score of 3.86 out of 5.
Farmers homeowners insurance is available in every state except Alaska, Delaware, Florida, Hawaii, Maine, New Hampshire, Rhode Island, North Carolina, Vermont, West Virginia, and Washington, D.C. While the company does not offer flood insurance, it provides a wide range of standard and optional coverage options. These include personal property replacement cost coverage, extended or guaranteed replacement cost coverage, water backup or sump pump failure coverage, scheduled personal property coverage, ordinance or law coverage, and equipment breakdown coverage.
Farmers also offers several ways to customize your policy, including an option to prevent your rate from increasing after a claim. The company has a long list of discounts for policyholders, including a 30% new home discount, and discounts for non-smokers and members of certain professions. According to data from the National Association of Insurance Commissioners, Farmers had fewer than the expected number of home insurance complaints relative to its size.
While Farmers homeowners insurance rates tend to be higher than those of its competitors, individual rates may vary depending on location and other factors. The average annual premium for a $300,000 dwelling coverage policy is $2,524, which is higher than the national average of $2,466 for the same level of coverage. However, Farmers' commitment to expanding coverage in high-risk areas, such as California, demonstrates its reliability and willingness to support customers in times of need.
Mortgage Reducing Term Insurance: Protecting Your Home Loan
You may want to see also
Frequently asked questions
Farmers homeowners insurance is generally considered to be good value for money, offering a wide array of insurance products and customisable policies. However, it is worth noting that their premiums tend to be higher than those of their competitors.
Farmers homeowners insurance has received mixed ratings. It ranked 6th in Insurance.com's Best Home Insurance Companies ranking for 2025, with a score of 3.86 out of 5. It also earned 4.5 out of 5 stars for overall performance from NerdWallet. However, it received below-average scores in the US News national consumer survey, placing 8th in the best homeowners insurance companies rating.
Farmers homeowners insurance covers all the basics, including dwelling, personal property, and liability. They also offer a range of optional coverage types, such as personal property replacement cost coverage, extended replacement cost coverage, and water backup or sump pump failure coverage. It is important to note that Farmers does not offer flood insurance or earthquake coverage.
