2022 Farmers Auto Insurance Review

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Farmers is one of the oldest, largest and best-known auto insurance providers in the country. Before you decide if Farmers Insurance is right for you, you’ll want to learn more about the company, the cost of their plans, and customer satisfaction rates.

We are going to detail what you need to know about this auto insurance provider. Use our links below to get to the section you need.

What Kinds of Auto Insurance Can You Get From Farmers?

Farmers Insurance offers a wide range of coverage options, including the most common ones.

Main coverage options

Additional coverage

  • Roadside assistance and towing coverage
  • Rental car refund
  • Medical payments
  • Personal Injury Protection (PIP)

What are the benefits of auto insurance for farmers?

Farmers Insurance offers additional benefits beyond the coverage options listed above. Farmer premiums can be relatively low in some states for those with a clean driving record.

Since Farmers offers many types of insurance beyond auto, such as home, renters, life, business, homeowner, and pet insurance, they can bundle them together to create a ” global coverage ”. This type of insurance protects you in the event of an accident or emergency when auto insurance alone cannot.

Male driver in a car

What Farmers Auto Insurance Discounts Can I Get?

Policyholders can choose from a range of auto insurance discounts and benefits:

  • New car replacement
  • Pardon in case of accident
  • Discounts on auto and home packages
  • 15% reduction with the Signal safe driving app
  • Safe driver discount
  • Multi-policy automatic discount (up to 45% off)
  • Guaranteed repair
  • Loss of use

How much does auto insurance for farmers cost?

According to Zebra, Farmers Insurance costs an average of $ 131 per month. However, you might get a different quote based on your age, gender, and the average annual mileage you drive with your vehicle. Other factors, including your location, driving record, and credit history, also affect rates.

What other factors will influence my farmer’s auto insurance quote?

There are many factors about you as a customer that influence your auto insurance quotes when choice of insurance companies. Some aspects are more important than others and may justify lower or higher premiums for policyholders.

Teens pay big bonuses

More often than not, teens with an unsuccessful credit history and little or no driving record pay higher insurance premiums. The states where the policy originates determines the cost to adolescents.

As a result, Zebra research shows that the national average six-month premium for teens with Farmers Auto Insurance is $ 2,465, or $ 411 per month and $ 4,930 per year.

chevrolet-teen-driver

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Living near a busy intersection with high crime rates and many accidents will affect your insurance rates. Likewise, small towns with low crime and accident rates will result in cheaper auto insurance.

According to advised, which collects data on current consumer policies, such as information on rates, age, marital status, geographic location, here is an overview of the states with the cheapest auto insurance rates and the most expensive.

The cheapest Very expensive
1. Maine 1. New York
2. Hawaii 2. Rhode Island
3. Idaho 3. Washington, DC
4. Wyoming 4. Maryland
5. Iowa 5. Louisiana

Source: Savvy

Savvy’s statistics provide a representative sample used as a general guide. In the example above, the information is not broken down by company. Learn more about Savvy’s methodology.

Accidents

It is quite common for auto insurance rates to increase after an insured person has caused a at-fault accident. According to insurers, these accidents increase the driver’s risk factor. Therefore, The Zebra research shows that after a at-fault accident, a driver’s premium increases by an average of $ 767 per year for three to five years, regardless of the provider.

Farmers customers can expect their annual auto insurance premium to increase as follows after a at-fault accident:

No accident First year Second year Third year
$ 1,525 $ 2,226 $ 2,928 $ 3,629

Source: The Zebra

The bottom line is that a good driving history helps keep your insurance premium low.

DUI

In most states, a DUI on your driving record is the costliest violation an insured driver can receive. In the USA, Zebra says a DUI can cost policyowners an average of $ 1,000.

For Farmer customers, annual rates will drop from around $ 1,525 with a clean driving history to $ 2,632 after a DUI.

Credit score

Bad credit car purchase

Whenever you apply for new auto insurance, the insurer checks your credit score to assess your reliability and reliability.

According to Zebra, bad scores will affect your rates by up to 115%

Credit scores help insurers determine the premium to which the claimant is entitled, and it is a common practice that all insurance agencies employ in all but four states: California, Massachusetts, Hawaii, and Michigan. . These states are not allowed to use credit scores as a factor in calculating auto insurance rates.

How satisfied are farmers’ customers overall?

Cheerful Young Asian Woman Texting on Mobile Phone in the City at Night

Overall, Farmers Insurance ranks just above average for customer service, claims assistance and overall helpfulness, according to Power 202 US Auto Insurance JD 2021 Study. Farmers had a customer satisfaction rating of 884 out of 1,000, the average being 883.

For JD Power Auto Claims Satisfaction Survey in the United States in 2021Farmers ranked 893 in the index, well above the industry average of 880. The study looked at 7,345 auto insurance customers who settle claims.

AM Best gave the insurer an A- or “excellent” rating for financial stability.

Context of farmers’ insurance

Farmers insurance started offering auto insurance to farmers from its humble beginnings in 1928, just before the Great Depression hit the country. Since then, the company has survived and prospered over the decades, providing several types of insurance and financial services to all kinds of clients through its parent company and subsidiaries.

Farmers Insurance works with 48,000 exclusive and independent agents. The company provides strong auto insurance customer satisfaction, claims and claims service, ranking above the industry average.

If you choose Farmers Auto Insurance, you get discounted coverage and benefits that align with and sometimes replace other insurance companies. However, you need to maintain a good credit rating and a clean driving record to reap these benefits and get the best rates.

Before choosing an insurance provider, check the rates and options of several companies to make sure you find the policy that is best for you and your situation.

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