THE GOOD

Numerous discount options:

Farmers home insurance offers a wide selection of homeowner discounts, ranking it alongside the very best insurers in the field. They provide the most common discounts in the industry, including those for multiple policies and protective devices such as deadbolts and sprinklers. Farmers home insurance also offers price breaks for new homes, newly renovated homes, and new homeowners. Beyond these relatively typical offerings, you can save even more if your roof has been replaced in the last six years, if all residents in your home are non-smokers, or if you have your home inspected by an authorized professional. Finally, Farmers also provides discounts for certain professionals, including doctors, nurses, teachers, engineers, and first responders.

Solid claims management tools:

Farmers home insurance offers an excellent variety of claims filing options that help you report your claim quickly and conveniently. You can choose to file your claim with a local agent, by telephone with a representative from Farmers HelpPoint Claim Services, through a simple online form, or using the Farmers iClaim app. Whichever filing method you settle on, you are assigned a claims representative to assess your claim and oversee the settlement process. You can even follow the daily progress of your claim using the online Claims Tracker tool. When you deal with an insurance claim, you want to be sure that you can access solid tools to help you in the process. With Farmers home insurance, you can be confident you're working with some of the best claims tools around.

Targeted educational resources for condo owners:

Though home insurance coverage for condos is offered by every major insurer in the market, most companies supply relatively little information about these policies. Farmers home insurance is one of the few providers that offers solid online resources detailing their condo insurance policies. You can learn about the various coverage options available to you, how to assess your coverage needs so you can build the right policy, and how to reduce your premiums through discounts and other means. If you are currently or soon to be a condo owner, this is a great resource to get you up to speed on all the factors that go into making an informed decision on condo insurance.

Feature-rich mobile app:

The iFarmers mobile app enables you to quickly access your policy details and pay your premium on the go. If you need to speak with your agent to discuss your policy or file a claim, it's as easy as hitting a button. You can even search for local agents by entering your zip code. The iFarmers app also connects you seamlessly to the Farmers iClaim app, which you can use to initiate a claim and photograph property damage to send to your claims representative. Use the included home inventory tool to help you build an online inventory of your home and possessions for reference when filing a claim. If mobile access is an important factor to you, Farmers delivers.

Thorough learning materials:

Farmers provides a solid, informative FAQ section and detailed glossary of insurance terms. These resources help you comprehend the ins and outs of Farmers home insurance policies, coverage options, and discounts. You can also study up on claims procedures, billing policies, and online account management. Though other insurance providers delve a bit further than Farmers by offering articles and video tutorials on home safety and other topics, you can still find a lot to appreciate in Farmers' offerings.

THE BAD

Online quote limited to certain states:

The ability to view an online quote is an essential component of comparison shopping in the home insurance market. Though Farmers does offer a decent online quote tool, it is not available for use in 19 states, requiring residents of those states to call or visit a local Farmers agent for assistance. If you're busy with life and work, personal service is not always the best option. However, if you don't live in one of the states with access to online quoting it's the only option you have.

Can't purchase homeowners insurance online:

Even if you live in a state that has access to the Farmers online quote tool, you can't actually purchase a policy at the end of the quotation process. Instead, your policy information is automatically passed on to the nearest Farmers agent in your area who contacts you to discuss your policy choices, answer questions, and finalize your quote. If you're already confident in your policy choices and are ready to pull out your credit card to make an immediate purchase, you can't do so until the agent reaches out to you. While this may be a positive feature for some users, others may be disappointed, especially those who are only interested in getting a quote and are not ready to speak to an agent.

THE DETAILS

Details
AM Best FSR A
AM Best ICR a
Financial Size Category $2 billion or greater
FSR Outlook/Implication Stable
ICR Outlook/Implication Stable
Moodys Financial Strength A2
Standard and Poors FSR A+

FEATURES

Title
  • Condominium Insurance (HO6) The insurance provider offers HO6 coverage for condos.

  • Mobile Home You can buy insurance to protect your mobile home.

  • Older Homes (HO8) The insurance provider offers HO8 coverage for older homes.

  • Rental Property Insurance You can buy insurance to protect your rental property.

  • Renters (HO4) The insurance provider offers renters insurance.

  • Special Form (HO3) The insurance provider offers HO3, open perils coverage.

  • Farm/Ranch You can buy insurance to protect your farm or ranch.

  • Premier Policy (HO5) The insurance providers offers HO5 coverage that includes open perils coverage on personal property.

  • Age of Construction Discount Discounts based on the age of your home are available.

  • Age of Insured Discount Discounts based on the homeowner's age are available.

  • Claim-Free Discount You can receive a discount for remaining claim-free for a certain period of time.

  • Multiple-Policy Discount You can receive a discount for having multiple insurance policies with the same company.

  • Newly Purchased Home You can receive a discount if you recently purchased your home.

  • New/Renovated Home You can receive a discount if your home is new or recently renovated.

  • Protective Device Discount You can receive a discount if you have smoke detectors, fire alarms, burglar alarms, or other protective devices.

  • Aircraft Damage to your home caused by an aircraft is covered.

  • Explosion Damage to your home caused by an explosion is covered.

  • Fire Damage to your home caused by fire is covered.

  • Ice/Snow/Sleet Damage to your home caused by ice, snow, or sleet is covered.

  • Lightning Damage to your home caused by lightning is covered.

  • Plumbing Damage to your home caused by a frozen, burst, or damaged water pipe is covered.

  • Riot/Civil Commotion Damage to your home caused by a riot or civil commotion is covered.

  • Smoke Damage to your home caused by smoke is covered.

  • Theft The home insurance company covers any loss or damage to your home due to theft is covered.

  • Tornado Damage to your home caused by a tornado is covered.

  • Vandalism Damage to your home caused by vandalism is covered.

  • Water Damage to your home caused by water is covered.

  • Wildfire Damage to your home caused by a wildfire is covered.

  • Wind Damage to your home caused by wind is covered.

  • Dwelling Coverage for the cost of rebuilding/repairing your home if it is damaged by a covered peril is available.

  • Loss of Use If your home is damaged or destroyed, the insurance company will cover living expenses while repairs are made.

  • Medical Payments Coverage for medical payments is available.

  • Nationwide Availability The insurance company is available in at least 48 states.

  • Other Structures Coverage for detached garages, sheds, or other structures on your property is available.

  • Personal Liability Coverage for lawsuits associated with bodily injury or property damage that you may be responsible for is available.

  • Personal Property The insurance company covers the cost of replacing your possessions if they are destroyed by a covered peril.

  • Computer Coverage You can add computer coverage to your insurance as an additional policy or as an endorsement.

  • Earthquake Insurance You can add earthquake coverage to your insurance as an additional policy or as an endorsement.

  • Flood Insurance You can add flood coverage to your insurance as an additional policy or as an endorsement.

  • Identity Fraud Expenses You can add identity fraud expense coverage to your insurance as an additional policy or as an endorsement.

  • Personal Umbrella Policy You can add personal umbrella coverage to your insurance as an additional policy or as an endorsement.

  • Scheduled Personal Property You can add scheduled personal property coverage to your insurance as an additional policy or as an endorsement.

  • Water Backup and Sump Overflow You can add water backup or sump overflow coverage to your insurance as an additional policy or as an endorsement.

  • Landslide Insurance You can add landslide coverage to your insurance as an additional policy or as an endorsement.

  • 24/7 Claims Center You can contact a claims center 24/7.

  • Agent Claim Filing You can contact an agent to file a claim.

  • Deductibles Flexible deductibles are available.

  • Mobile Claim Filing You can file a claim through a mobile app.

  • Online Claim Filing You can file a claim online.

  • Online Photo Inventory You can upload images of your personal property to an online location to document your property and help facilitate the claims process.

  • Photo Upload You can upload photos of damaged property to assist with the claims process.

  • Telephone Claim Filing You can file a claim via telephone.

  • Locate an Agent A tool is available online to help you locate an agent.

  • Manage Your Policy You can manage your insurance policy online.

  • Online Rate Quotes You can get a quote on the company's website.

  • Online Policy Purchase You can purchase a policy entirely online.

  • Automatic Payments Payments can be scheduled automatically.

  • Credit Card Payments You can make a payment with your credit card.

  • Flexible Payment Options Flexible payment terms over different periods of time are offered.

  • Mail Payments Payments can be mailed.

  • Online Payments Payments can be made online.

  • Pay by Bank Account You can make a payment directly from your bank account.

  • Phone Payments Payments can be made over the phone.

  • Prepayment Policies can be prepaid in full, often at a discount.

  • Email/Ticket An email or ticket system dedicated to support is available.

  • Phone You can contact the company by phone to get support.

  • Social Media You can contact the home insurance company with questions through social media websites.

  • Live Chat You can contact the company through live chat.

  • A.M. Best Excellent or Better The company has an A.M. Best rating of "A" or better.

  • ICR Rating Stable The company has an A.M. Best Credit Rating rating of "Stable" or better.

  • Moody Rated Very Strong The company has a Moody's rating of "Aa3" or better.

  • S&P Rated Very Strong The company has an S&P FSR rating of "AA-" or better.

  • Blog The company provides a blog with relevant insurance information.

  • FAQs The company provides a list of answers to frequently asked questions.

  • Glossary The company provides a glossary of common industry terms.

  • Forum The company provides an interactive forum where users can post questions and answers.

  • Knowledge Base The company provides a knowledge base of detailed help articles.

  • Video Tutorials The company provides video tutorials.

  • Android An Android app that allows you to access your home insurance policy is available.

  • Claim Details You can update your home insurance claim details through a mobile app.

  • Connect with an Agent You can connect directly with an agent through a mobile app.

  • File a Claim You can initiate or file a new claim through a mobile app.

  • iPhone An iPhone app that allows you to access your home insurance policy is available.

  • Mobile Website A mobile-specific website is available.

  • Pay Premium You can pay your premium through your mobile app.

  • Tablet A tablet-based app is available.

  • Edit Policy You can edit or change your policy details with a mobile app.

  • Favorable Mobile App Store Reviews The company has a combined 3.5 stars or greater for their iPhone and Android apps.

Comparable Homeowners Insurance Providers


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