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Farmers Home Insurance Review 2021

Farmers’ three tiers of home insurance coverage make its policies suitable for a variety of homeowners.
July 20, 2021
Homeowners Insurance, Insurance
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Farmers home insurance is well-suited for a variety of homeowners. Its coverage comes in three tiers, and its standard policy includes several money-saving features that help offset an annual rate that tends to be higher than that of its competitors. Although Farmers doesn’t offer many discounts, the ones it does have are attainable.

Farmers home insurance pros and cons

ProsCons
Several standard features can help save money.Tends to be more expensive than competitors.
Less common coverage options are available.
Discounts for nonsmokers and certain professions.

Farmers home insurance rating

4.0 NerdWallet rating

Farmers homeowners insurance earned 4 out of 5 stars for overall performance. NerdWallet’s ratings are determined by our editorial team. The homeowners 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.

» MORE: The best homeowners insurance companies

Farmers home insurance state availability

Farmers home insurance is available in 41 states.

Farmers home insurance coverage

You can customize your homeowners policy with numerous add-ons, but below are the types of coverage that generally come standard:

Type of coverageWhat it does
DwellingPays to repair or rebuild the structure of your home.
Other structuresCovers damage to unattached structures such as a shed or fence.
Personal propertyPays to repair or replace personal belongings such as furniture or clothing.
Additional living expensesPays for hotel stays, restaurant meals or other expenses if you have to live elsewhere while your home undergoes covered repairs.
LiabilityCovers legal expenses and damages if you're responsible for injuries to other people or their property.
Medical paymentsCovers injuries to guests in your home, regardless of fault.

For more details, see Homeowners Insurance: What It Is and What It Covers.

Farmers offers the standard types of home insurance coverage, as well as several optional features, including:

  • Eco-Rebuild, which provides up to $25,000 extra if you choose to rebuild a damaged part of your home with “green” materials.
  • Contents replacement cost coverage, to fully reimburse the cost of replacing a damaged or destroyed item rather than paying out a depreciated amount.
  • Identity theft coverage, which helps pay expenses associated with having your identity stolen.
  • Higher limit coverage for valuable personal items such as jewelry or art.

Farmers also offers two upgraded versions of its standard policy. The Enhanced package has higher policy limits than the standard version, plus it covers the costs of replacing your roof or personal contents. The Premier package goes a step further, offering the highest limits on personal property coverage and, in some cases, guaranteed replacement cost, which fully reimburses the cost of rebuilding your home regardless of your policy’s limits.

Farmers home insurance rates

The average annual rate for Farmers home insurance is $1,760, according to a NerdWallet analysis. That means Farmers tends to be more expensive than the national average homeowners insurance cost of $1,585.

Among highly rated, large national insurers, Farmers is the most expensive option on average for homeowners insurance. Here’s how the insurers stack up:

» MORE: Home insurance calculator: Estimate your costs

Farmers home insurance discounts

Farmers offers a few easy ways to save as part of its standard policy. Your insurance deductible declines each year you’re with Farmers (up to a certain limit), and you automatically receive a discount if you’ve been claim-free for three or more consecutive years.

Homeowners can also earn discounts from Farmers by:

  • Making home safety improvements like installing deadbolts on doors and strong locks on windows, or adding alarm systems that connect to local police and fire departments.
  • Not smoking for at least the past two years (in most states).
  • Bundling a home insurance policy with another Farmers product such as auto insurance.
  • Working in a designated profession such as teacher, doctor or firefighter.

Farmers home insurance complaints

Farmers had 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.)

Farmers home insurance consumer experience

Website: The Farmers website allows users to get quotes and manage claims. It also offers a variety of educational content based on common insurance scenarios. It can be challenging, however, to find detailed policy information without directly contacting an agent.

App: The Farmers app is available for iOS and Android. You can use it to pay bills, view policy documents, start and manage a claim or get a quote for new coverage, among other features.

» MORE: Farmers life insurance review

Homeowners insurance buying guide

You can get home insurance quotes online, over the phone or through an agent. But before you start, take the following steps:

  1. Determine how much coverage you need. Is a standard policy sufficient, or do you want to add extra insurance for situations like identity theft or sewer backups? Check whether each company you’re considering has the options you need.
  2. Take inventory. To ensure you have sufficient personal property coverage, take stock of your belongings. Include all furniture, electronic devices, clothing, jewelry and household items. How much would it cost you to replace them? This total is the minimum amount of personal property insurance you should have.
  3. Make a fair comparison. When evaluating rates, make sure each insurer is offering the same limits and deductibles.
  4. Check consumer complaints. Although it may seem tempting simply to choose the cheapest option, look at how many consumer complaints each insurer has before choosing a policy. Poor customer service could have a significant impact on your experience if you ever need to file a claim.

Farmers home insurance FAQS

What other types of insurance does Farmers offer?

Farmers offers several other types of insurance in addition to homeowners, including:

  • Auto.
  • Life.
  • Motorcycle.
  • RV.
  • Personal umbrella.

Learn more by reading our Farmers auto insurance review.

How can I get a Farmers home insurance quote?

Farmers offers home insurance quotes through its website, mobile app or by telephone.

Where do I submit a claim?

Farmers home insurance claims can be submitted digitally through the website, mobile app or live chat. Alternatively, you can report the claim by calling Farmers or your agent.

» MORE: Farmers renters insurance review

Homeowners insurance ratings methodology

NerdWallet’s homeowners 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, coverages, discounts, online experience and more. Our “ease of use” category looks at factors such as website transparency and how easy it is to file a claim. 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 editorial guidelines.

Homeowners insurance rates methodology

NerdWallet averaged rates for 40-year-old men and women from insurance companies in every ZIP code across all 50 states and Washington, D.C. Sample homeowners were nonsmokers with good credit living in a single-family, two-story home built in 1971. They had a $1,000 deductible and the following coverage limits:

  • $300,000 in dwelling coverage.
  • $30,000 in other structures coverage.
  • $150,000 in personal property coverage.
  • $60,000 in loss of use coverage.
  • $300,000 in liability coverage.
  • These are sample rates generated through Quadrant Information Services. Your own rates will be different.

    Methodology: Insurer complaints

    NerdWallet examined complaints received by state insurance regulators and reported to the National Association of Insurance Commissioners in 2018-2020. To assess how insurers compare to 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. Ratios are determined separately for auto, home (including renters and condo) and life insurance.

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