Farmers Insurance Discounts: Unlocking Savings For The Wise

Farmers Insurance offers a wide range of discounts to its customers. During the COVID-19 pandemic, Farmers provided relief to its business insurance customers, including a 20% monthly credit on business owners' policy coverage for two months and a 25% reduction in April premium for auto customers. Farmers also paused cancellations and extended coverage for delivery drivers using their personal vehicles.

In general, Farmers offers various auto insurance discounts, such as good student, safe driver, and bundling discounts. They also provide discounts for vehicle safety features like anti-lock brakes, airbags, and anti-theft devices. Additionally, Farmers has discounts for specific groups, including military personnel, first responders, and certain professions like doctors, teachers, and firefighters.

Farmers Insurance is committed to supporting its customers and providing relief during challenging times, demonstrating their dedication to their clients.

Affinity discounts for certain groups and businesses

Affinity discounts are savings programs that reward customers for being part of an organization. Affinity discounts are offered by Farmers Insurance to qualifying employees, members, or retirees of certain groups or businesses. This includes school teachers and college professors. Affinity discounts are available on home and auto insurance premiums.

The discount availability varies by state of residency and type of insurance policy purchased. Affinity discounts are offered to members of certain professional groups, organizations, or associations. To qualify, you need to be a member of an eligible group.

• Fraternities and sororities
• College honor societies
• Auto clubs
• Various employee associations
• Jobs such as EMTs, teachers, health care professionals, police officers, firefighters, and government employees
• Active military personnel or veterans
• Wholesale shopping clubs

The amount you save with an affinity discount varies by insurer. However, you can reasonably expect to save 3% to 20% with an affinity discount in addition to any other discounts you receive.

Discounts for homeowners

Farmers Insurance offers a plethora of discounts for homeowners insurance customers. The company provides nearly 15 discount options, and the availability of these discounts varies based on the type of insurance policy and the state in which the customer resides. Here are some of the notable discounts offered by Farmers Insurance for homeowners:

Affinity Discount

If you are a member, employee, or retiree of a specific business, occupational group, or professional association, you may be eligible for a discount on your homeowners insurance premium. This discount is available to those who work at a company or are part of an association that has partnered with Farmers Insurance.

Multi-Policy Discount

Bundling your homeowners insurance with other policies from Farmers Insurance, such as auto, life, or umbrella insurance, can lead to significant savings. By combining multiple policies, customers can take advantage of multiline discounts on each policy.

EPolicy Discount

Enrolling in Farmers' ePolicy and accepting the terms of "Go Paperless" can result in a discount on your homeowners insurance policy. This option promotes paperless communication and electronic document delivery.

UL-Approved Roofing Materials Discount

If your home's roof is constructed with asphalt or fiberglass shingles approved by Underwritten Laboratories (UL), you may qualify for this discount. Using impact-resistant roofing materials can provide added protection against natural disasters.

New Home Discount

Farmers Insurance offers a discount if your home is less than 14 years old. This discount is based on the assumption that newer homes may have fewer maintenance issues and could be built with more modern safety features.

Protective Devices Discount

Installing protective devices such as fire alarms, security systems, and internal sprinklers can make your home safer and earn you a discount on your homeowners insurance policy. These devices help reduce the risk of fire and theft, potentially lowering insurance costs.

Home Safety Discount

Farmers Insurance may offer a discount if your home has been designed with added protection against natural disasters. This includes features such as windows, walls, a roof, or a foundation that can withstand extreme weather events. Additionally, having automatic gas or water shutoff systems can also qualify for this discount.

Green Certifications Discount

Certain green certifications can lead to a discount on your homeowners insurance policy. These certifications include Energy Star, the Environmental Protection Agency (EPA), and Leadership in Energy and Environmental Design (LEED). This discount encourages the use of environmentally friendly materials and practices.

Claim-Free Discount

Farmers Insurance rewards customers who have been claim-free for consecutive years. For example, if you have not filed any claims for three consecutive years, you could qualify for a discount on your premium. This discount recognizes your responsible behaviour and reduces the insurer's risk.

Connected Home Discount

If you have a smart home system that allows you to remotely monitor and control your home, you may be eligible for the Connected Home discount. However, it's important to note that this discount is not available in all states and cannot be combined with certain other discounts, such as protective devices or home safety discounts.

Rent-to-Own Discount

If you have been a renters insurance policyholder with Farmers Insurance for over a year and then decide to purchase a home, you may receive a discount when you switch to a homeowners insurance policy. This discount recognizes your loyalty and encourages a seamless transition from renting to owning a home.

Preferred Payment or EFT Discount

This discount is applicable if you pay your premium in two installments or sign up for a monthly payment plan with autopay. Additionally, paying your bill on time and maintaining a good payer status may also make you eligible for a discount.

Military discounts

Farmers Insurance is considered a "military-friendly" company, offering a military discount for car insurance. The discount depends on the policyholder's location and other factors like driving record.

The Farmers military discount is available to 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 soldiers, active guard reserve soldiers, and retired and/or honorably discharged military veterans.

Farmers Insurance also offers discounts for other professionals, including teachers, police officers, firefighters, doctors, nurses, dentists, and engineers.

In addition to car insurance, Farmers Insurance offers bundling options for homeowners or renters insurance, which can provide additional savings.

Safe driver discounts

Safe driving can help lower your auto insurance rates. Farmers Insurance offers a safe driver discount to reward your good driving habits. To qualify for the safe driver discount, you must maintain a clean driving record with no accidents, major citations, or traffic violations for at least three years. This means having zero bodily injury points on your insurance, which are injuries caused to others in a crash you caused. Generally, the longer you drive without incidents, the lower your premium will be.

Farmers Insurance also offers a defensive driving discount for completing an approved defensive driving course online. This discount is available in most states and can help lower your insurance premium. The course typically takes between four and six hours to complete, and you will receive a certificate of completion that you can send to Farmers Insurance to receive your discount.

In addition to the safe driver and defensive driving discounts, Farmers Insurance also offers the Signal program, which is an app that tracks your driving behaviours and rewards you with a discount for safe driving. However, it's important to note that performing poorly on the app may raise your insurance rates. Therefore, it's recommended to read about Signal before participating in the discount program.

Student discounts

Farmers Insurance offers a range of discounts for students, with the aim of rewarding academic achievements and encouraging safe driving habits among young drivers. Here is a detailed overview of the student discounts offered by Farmers Insurance:

Good Student Discount:

The Good Student Discount is available to full-time students under the age of 25 who maintain good academic performance. To be eligible, students must have a GPA of 3.0 or higher, be on the Dean's List, Honor Roll, or rank in the top 20% of their class or in standardized testing. This discount recognises that students with high grades are likely to have responsible habits, which can translate to safe driving. The discount is available until the student turns 25, provided they continue to meet the academic criteria.

Distant Student Discount:

The Distant Student Discount applies to students who live more than 100 miles away from home and do not frequently use family cars covered by the insurance policy. This discount reflects the reduced risk associated with students who are not regular drivers of the insured vehicles.

Youthful Driver Discount:

Drivers under the age of 25 qualify for the Youthful Driver Discount. While younger drivers often face higher insurance rates due to their lack of driving experience, Farmers Insurance offers this discount to encourage safe driving habits and provide some financial relief.

On-Your-Own Discount:

The On-Your-Own Discount is available to young drivers under the age of 29 who are moving into a new household. This discount supports young adults who are establishing their independence and taking responsibility for their insurance coverage.

Shared Family Car Discount:

This discount applies when there is a single driver under the age of 20 in the household, and there are more active drivers than vehicles insured under the policy. It recognises that in such cases, the risk is spread across multiple drivers, reducing the overall risk for the insurer.

In addition to these student-specific discounts, Farmers Insurance also offers other general discounts that students may be eligible for, such as the Safe Driver Discount, Multi-Policy Discount, and discounts for safety features on vehicles.

Frequently asked questions