Farmers Auto Insurance Coverage Facts and Review

••• Car Insurance Cover. Getty Images/ Peter Dazeley

John C. Tyler and Thomas E. Leavey had a vision in mind when they founded Farmers Insurance in 1928. These men wanted to provide auto insurance to farmers and ranchers. The company began its insurance operations paying cash for claims presented which was unusual in those days for an insurance company. Keep in mind this was one year before the stock market crashed and before the biggest economic depression in U.S. history.

Farmers Insurance Group is a subsidiary of Zurich Financial Services and is the third largest personal lines insurer in the United States. The Farmers Insurance Group includes the companies of Foremost Insurance Group, The Bristol West Insurance Group, The 21st Century Insurance Group, Farmers New World Life Insurance Company and Farmers Financial Solutions, LLC.

Farmers Auto Insurance is available in all 50 states through a network of over 50,000 independent agents. The company writes more than 20 million insurance policies which are serviced through its local offices and through its website by nearly 24,000 employees.

Financial Stability and Customer Service Ratings

Here are the financial strength ratings for Farmers Insurance Group as given by some of the top insurance rating organizations:

Other distinctions included the 2014 People’s Choice Awards 3rd best ranking of homeowners and auto insurance companies given by Insure.com. Farmers Insurance Group has a Better Business Bureau rating of "A+" with a composite score of 4 out of 5 stars.

Auto Insurance Policy Options

With Farmers Auto Insurance, you can customize coverage options to fit your individual needs.  Basic auto coverage options are available including liability, comprehensive, collision, med pay and uninsured/underinsured motorist coverage as well as PIP protection. If you need a little more protection than the basic auto insurance options provide there are several optional coverage choices available. This is not a complete list of optional coverage choices but some of the most common ones. All options are not available in every state.

  • Accident Forgiveness: The Farmers auto policy forgives one accident for every three accident-free years of coverage.
  • Small Claim Forgiveness: Regardless of fault, your premium does not increase because of any fender benders or other small claims accidents.
  • Incident Forgiveness: Farmers does not increase your rates because you get a speeding ticket as long as there are no claims involved.
  • No Fault, No Foul: Your policy premium does not increase if you were involved in a not-at-fault accident.
  • Farmers Rideshare: Provides personal auto coverage until the full commercial liability coverage provided through your rideshare company begins.

    Auto Insurance Discounts

    Farmers has many attractive auto insurance discounts to make your premium more affordable. Depending on which of the 50 U.S. states you reside in, the discounts can vary. Here are some of the many auto insurance discounts available through Farmers Insurance:

    • Bundle Discounts
    • Business and Professional Groups
    • Distant Student
    • Multi-Car
    • Teen Driver
    • Youthful Driver
    • Alternative Fuel
    • Electronic Funds Transfer (EFT)
    • Homeowner
    • Pay in full
    • Transfer
    • Good Student
    • Mature Driver

    Policyholder Services

    Farmers Insurance policyholders can manage policies online with the Farmers Mobile App. Through the mobile app, you can view ID cards, pay bills, reports claims, set up payment reminders or view policy documents. There are also paperless policy documents and online bill-pay options. One of the things that Farmers Insurance does well is its customer-friendly website with claims handling and policy services along with these helpful tools:

    • Car Buying Tips
    • Driver Safety Tips
    • Answers to Frequently Asked Questions
    • Home Safety and Preventative Maintenance Tips
    • Teen Driver Information
    • Planning for Life Events

    Summary

    Farmers Insurance Group has a long and reputable history as one of the top property & casualty insurers in the nation. With excellent financial strength ratings, a user-friendly website, strong claims handling services and excellent customer service ratings; there is much to like about Farmers Insurance Group.

    To find out more about its auto insurance policy options, discounts or to check on other available insurance products, you can visit the Farmers Insurance Group Website or call 1-888-327-6335. Online quotes are also available and you can locate a local agent in your area if you prefer to speak to an agent in person before purchasing a policy.