Farmers Renters Insurance Review 2023

Farmers renters insurance has various additional coverage options but may cost more than other companies' policies.
Sarah Schlichter
By Sarah Schlichter 
Edited by Erica Corbin

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NerdWallet rating 
Strong coverage plus a user-friendly app to manage your policy.

Coverage options

More than average


Great set of discounts

NAIC complaints

Fewer than expected



NerdWallet rating 
Strong coverage plus a user-friendly app to manage your policy.

Coverage options

More than average


Great set of discounts

NAIC complaints

Fewer than expected

As one of the nation’s largest insurers, Farmers offers a variety of useful features for renters, including several ways to lower your premium, a user-friendly app and the ability to manage a policy online. Although Farmers’ renters insurance rates were higher than the national average in NerdWallet’s analysis, the company offers generous coverage.

Our star ratings are based on consumer complaint data from the National Association of Insurance Commissioners; financial strength grades from AM Best; coverage and discounts available; and the overall consumer experience. See our criteria for evaluating renters insurance companies.

Our writers and editors follow strict editorial guidelines that ensure fairness and accuracy to help you choose the financial products that work best for you. Here is a list of our partners, and here’s how we make money.

Farmers renters insurance star rating


NerdWallet rating 

Farmers renters insurance earned 5 out of 5 stars for overall performance. NerdWallet’s ratings are determined by our editorial team. The renters insurance scoring formula takes into account policy coverage options and discounts, ease of filing a claim, website transparency, the financial strength of the company, complaint data from the National Association of Insurance Commissioners and more.

Based on these ratings, Farmers is among NerdWallet’s Best Renters Insurance Companies for 2023.

State availability

Farmers offers renters insurance in every U.S. state except Alaska, Delaware, Florida, Hawaii, Maine, New Hampshire, Rhode Island, Vermont and West Virginia. Policies are also unavailable in Washington, D.C.

Farmers renters insurance coverage

Landlords sometimes require tenants to purchase a policy with a minimum amount of renters liability insurance, but otherwise, the coverage you choose is generally up to you. Below are the four types of coverage included in most standard renters policies:

Type of coverage

What it does

Covers your clothing, furniture, electronics and other belongings.

Pays for hotel stays, restaurant meals or other expenses if you have to live elsewhere while your home undergoes covered repairs.

Pays out if you're responsible for injuries to other people or damage to their property.

Covers injuries to other people in your home, regardless of fault.

In addition to these standard types of coverage, a Farmers renters policy may include:

  • Replacement cost coverage, which pays for new replacements if your belongings are stolen or damaged. (Some renters policies pay only the value of your items at the time of the claim.)

  • Identity theft coverage, which offers up to $1,500 toward expenses related to identity theft. You can upgrade your policy to raise this limit and cover a broader range of expenses.

  • Refrigerated food coverage, which pays up to $500 to replace food spoiled in a covered incident. There’s a $50 deductible.

If you own expensive items such as jewelry, furs or firearms, a standard renters policy may not provide enough coverage. You can raise your limit or cover these items individually with a “personal articles floater.”

Farmers renters insurance rates

The average cost of Farmers renters insurance is $203 a year, or about $17 a month, according to NerdWallet’s rate analysis. That’s higher than the national average of $148 a year. Our analysis also found that Farmers’ average rates were higher than those of several other major insurers.


Average annual cost






*USAA renters insurance is available only to active-duty military members, veterans and their families.

Our sample rates were calculated for 30-year-old renters with a $500 deductible, $30,000 in personal property coverage and $100,000 in liability insurance. Your rates will be different.


Depending on where you live, you may be eligible for discounts if you:

  • Buy auto, life or umbrella insurance along with your renters policy.

  • Haven’t smoked for at least two years.

  • Haven’t filed a claim for a specified amount of time.

  • Have a security system or fire alarm.

  • Are a doctor, nurse, engineer, dentist, teacher, police officer or firefighter.

  • Have been a Farmers policyholder for a certain amount of time.

Consumer complaints

Farmers received fewer than the expected number of home insurance complaints to state regulators relative to its size, according to three years’ worth of data from the National Association of Insurance Commissioners. (NAIC home insurance complaints also cover other home policy types, including mobile home, renters and condo insurance.)

Consumer experience

Website: You can get a quote or find a local agent on the Farmers website. Once you’re a policyholder, you can also use the site to make or schedule payments and to report and track claims.

App: Renters can use the Farmers app (available on iOS and Android) to pay bills, see policy documents and manage payment options.

Claims: You can file and track claims online. If you need help, you can call Farmers’ claim number at 800-435-7764 or use the company’s chatbot.

Customer service: Representatives are available at 888-327-6335 from 7 a.m. to 11 p.m. Central time weekdays and from 8 a.m. to 8 p.m. CT on weekends. You can also call your local agent or send a message through your online account.

Where Farmers stands out

Coverage. Replacement cost coverage for personal belongings is a perk that costs extra from some companies but is included in Farmers’ policies.

Highly rated app. The Farmers mobile app gets strong reviews from Apple and Android users.

Where Farmers falls short

Customer satisfaction. Farmers ranked below average for customer satisfaction in J.D. Power’s 2022 Home Insurance Study.

Cost. Farmers renters insurance is more expensive than the national average, according to NerdWallet’s rate analysis. However, when comparing its rates with those of other companies, it’s worth checking whether Farmers’ coverage is more comprehensive.

Other renters insurance companies to consider

Not ready to make a decision? You may be interested in these other renters insurance companies:

  • Allstate: Solid coverage and discounts, available across the U.S.

  • Nationwide: Renters insurance coverage with a few useful add-ons.

  • State Farm: Lots of coverage options from a well-established insurer.

  • Travelers: User-friendly website and good coverage options.

Frequently asked questions

Yes, your renters insurance will cover your belongings up to your policy limit if they’re damaged or destroyed in a fire, minus your deductible.

Farmers evaluates renters insurance applications individually and may not insure dogs with a history of bites. Guidelines vary by state, so dog owners may want to go over the details with a local agent.

Farmers also sells homeowners, umbrella, life, motorcycle and auto policies, among others. Read NerdWallet’s Farmers car insurance review to learn more.

A Farmers renters policy will cover your belongings if they’re stolen, minus your deductible. This coverage applies away from home, too, so if someone takes your laptop from your car or steals your bike while you're on vacation, these items would be covered. Note that Farmers’ policy limits for theft tend to be lower for certain items such as jewelry and watches, so you may need to buy extra coverage for some expensive items.

It depends. Renters insurance is designed for sudden accidents, so damage from burst pipes and washer hoses would be covered, but mold from a slow leak that your landlord never fixed would not. Flood damage isn’t covered, either; for that, you’ll need separate flood insurance for renters.


Renters insurance ratings methodology

NerdWallet’s renters insurance ratings reward companies for customer-first features and practices. Ratings are based on weighted averages of scores in several categories, including financial strength, consumer complaints, coverage options, discounts and online experience. These ratings are a guide, but we encourage you to shop around and compare several insurance quotes to find the best rate for you. NerdWallet does not receive compensation for any reviews. Read our full renters insurance rating methodology.

Insurer complaints methodology

NerdWallet examined complaints received by state insurance regulators and reported to the National Association of Insurance Commissioners in 2019-2021. To assess how insurers compare with one another, the NAIC calculates a complaint index each year for each subsidiary, measuring its share of total complaints relative to its size, or share of total premiums in the industry. To evaluate a company’s complaint history, NerdWallet calculated a similar index for each insurer, weighted by market shares of each subsidiary, over the three-year period. NerdWallet conducts its data analysis and reaches conclusions independently and without the endorsement of the NAIC. Ratios are determined separately for auto, home (including renters and condo) and life insurance.

Renters insurance rates methodology

To find the average cost of renters insurance in the U.S., NerdWallet calculated the median rate for 30-year-old tenants from multiple insurance companies in every ZIP code across all 50 states and Washington, D.C. Sample tenants were nonsmokers with good credit living in a two-bedroom apartment. They had a $500 deductible and the following coverage limits:

  • $30,000 in personal property coverage.

  • $100,000 in liability coverage.

  • $10,000 in additional living expenses coverage.

  • $1,000 in medical payments coverage.

We made minor changes to the sample policy in cases where rates for the above coverage limits or deductibles weren’t available.

These are sample rates generated through Quadrant Information Services. Your own rates will be different.

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