Farmers New World Life Insurance Company: Customer Ratings & Reviews [2024]

Farmers New World Life Insurance Company, with its robust financial rating and extensive range of insurance products, stands as a trusted provider offering comprehensive coverage and reliable service for safeguarding your family's future.

UPDATED: Dec 5, 2023

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

UPDATED: Dec 5, 2023Fact Checked

Dorothea Hudson

Insurance and Finance Writer

Dorothea Hudson has been professionally writing in many spheres since 2013. She has written on entertainment, insurance, finance, travel, technology, AI, renewable energy, crypto, fundraising, and real estate for many websites. Her work has been published for British retailer Marks and Spencer, Kroger Magazine, the Vision Group, and more. Her passions include writing, music, running, travel, te...

Insurance and Finance Writer

Jeffrey Manola

Licensed Insurance Agent

Jeffrey Manola is an experienced life insurance agent who founded TopQuoteLifeInsurance.com and NoMedicalExamQuotes.com. His mission when creating these sites was to provide online consumers searching for life insurance with the most affordable term life insurance, permanent life insurance, no medical exam life insurance, and burial insurance. Not only does he strive to provide consumers with t...

Licensed Insurance Agent

UPDATED: Dec 5, 2023

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

UPDATED: Dec 5, 2023

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

UPDATED: Dec 5, 2023

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

UPDATED: Dec 5, 2023Fact Checked
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Farmers New World Life Insurance Company

Average monthly rate for healthy individuals:

$125

A.M. Best rating:

A (Excellent)

Complaint level:

Low

Pros

  • Comprehensive range of insurance products
  • Competitive rates and discounts available
  • Nationwide coverage in all 50 states
  • Strong financial rating of A (Excellent) from A.M. Best
  • Positive customer reviews for reliable coverage and customer service

Cons

  • Limited information available on website about rates and coverage details
  • May require additional underwriting for certain policies
  • Some discounts may have eligibility requirements
  • Limited online quoting options compared to other providers
  • Policy options may vary by state

Final Verdict: Review of Farmers New World Life Insurance Company

Farmers New World Life Insurance Company is a reputable insurance provider with a strong financial rating, offering a wide range of insurance products including life insurance, disability insurance, and retirement planning.

They have a low complaint level and provide coverage in all 50 states. While their website may have limited information about rates and coverage details, their competitive rates, discounts, and positive customer reviews make them a reliable choice for those seeking comprehensive insurance coverage.

With a history of excellence and a commitment to customer satisfaction, Farmers New World Life Insurance Company is a trusted option for protecting your financial future.

If you're searching for trusted coverage and peace of mind, look no further than Farmers New World Life Insurance Company. With a strong A (Excellent) rating from A.M. Best, Farmers New World Life Insurance Company offers a range of insurance products to protect your financial future. In this comprehensive review, we'll delve into the company's history, mission, main products and services, costs, coverage availability by state, discounts, customer reviews, and frequently asked questions. Discover why Farmers New World Life Insurance Company is a top choice for insurance coverage and get the information you need to make an informed decision for your insurance needs.

What You Should Know About Farmers Insurance Group

Company Contact Information:

  • Official Website: https://www.farmers.com/life-insurance/
  • Customer Service Phone Number: 1-888-327-6335
  • Mailing Address: Farmers New World Life Insurance Company, 3003 77th Ave SE, Mercer Island, WA 98040

Related Parent or Child Companies:

  • Farmers Insurance Group (Parent Company)

Financial Ratings:

  • A.M. Best Rating: A (Excellent)

Customer Service Ratings:

  • Farmers New World Life Insurance Company has received positive ratings for their customer service.

Claims Information:

  • Farmers New World Life Insurance Company provides information on how to file a claim on its website, including a claims phone number and online claims submission option.

Company Apps:

  • Farmers Insurance Mobile App: Farmers Insurance offers a mobile app that allows customers to manage their policies, file claims, view policy documents, and contact customer service. The app is available for download on both iOS and Android devices.

Read more: Farmers Auto Insurance Review

Farmers Insurance Group Insurance Coverage Options

Farmers New World Life Insurance Company offers a range of coverage options to meet the diverse needs of their customers. Their insurance products include:

  • Term life insurance: Provides coverage for a specified term, typically 10, 15, 20, or 30 years. It offers a death benefit to the beneficiaries if the policyholder passes away during the term of the policy.
  • Whole life insurance: Provides lifelong coverage with a death benefit and a cash value component that grows over time. It also offers the opportunity to earn dividends and participate in the company’s profits.
  • Universal life insurance: Provides flexibility in premium payments and death benefit amounts, along with a cash value component that can be invested. It allows policyholders to adjust the coverage and premium amounts based on their changing needs.
  • Indexed universal life insurance: Similar to universal life insurance, but with the potential to earn returns based on the performance of a market index.
  • Variable universal life insurance: Provides the flexibility to invest in a variety of investment options, allowing policyholders to potentially earn higher returns but also subject to market risks.

It’s important to note that the coverage options, policy features, and riders may vary based on the state of residence and policy type. It’s recommended to review the policy details and discuss with a licensed insurance agent to determine the best coverage option that suits your specific needs and financial goals.

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Farmers Insurance Group Insurance Rates Breakdown

Driver ProfileFarmers New WorldNational Average
Clean Record$92$119
1+ Ticket$125$147
1+ Accident$154$173
DUI$208$209
Poor Credit$158$205

*monthly rates are based on an average of minimum and full coverage for a 45-year-old male driver

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Farmers Insurance Group Discounts Available

DiscountsFarmers New World
Anti Theft10%
Good Student15%
Low Mileage8%
Paperless12%
Safe Driver20%
Senior Driver7%

Farmers New World Life Insurance Company offers various discounts to help customers save on their insurance premiums. These discounts may vary by state and policy type, and eligibility requirements may apply. Some of the common discounts offered by Farmers New World Life Insurance Company include:

  • Multi-policy discount: Customers can save by bundling multiple insurance policies with Farmers, such as combining life insurance with auto or home insurance.
  • Non-smoker discount: Non-smoking policyholders may be eligible for lower premiums compared to smokers.
  • Healthy lifestyle discount: Customers who maintain a healthy lifestyle, such as regular exercise and maintaining a healthy body mass index (BMI), may qualify for this discount.
  • Preferred plus discount: Customers who meet certain health criteria may qualify for a preferred plus discount, which offers lower premiums for individuals in excellent health.
  • Loyalty discount: Customers who have been insured with Farmers for a certain number of years may be eligible for a loyalty discount.
  • Payment discounts: Farmers offers discounts for customers who choose to pay their premiums annually or through automatic electronic funds transfer (EFT).

It’s important to note that discounts may vary and not all policyholders may qualify for every discount. It’s best to check with Farmers New World Life Insurance Company directly to see which discounts may be applicable for your specific policy.

How Farmers Insurance Group Ranks Among Providers

It’s important to note that the competitive landscape may vary based on the location, target market, and other factors. Some potential main competitors of Farmers New World Life Insurance Company could include:

  • State Farm: A well-known insurance company that offers a wide range of insurance products, including life insurance, auto insurance, home insurance, and more. State Farm has a strong market presence and is known for its extensive network of agents and customer service.
  • Allstate: Another popular insurance company that offers various insurance products, including life insurance, auto insurance, home insurance, and more. Allstate is known for its comprehensive coverage options and innovative features, such as the Drivewise program for auto insurance policyholders.
  • Prudential Financial: A leading insurance and financial services company that offers a wide range of insurance and investment products, including life insurance, retirement plans, and more. Prudential is known for its strong financial ratings and diverse investment options.
  • New York Life: A well-established mutual life insurance company that offers a range of life insurance and annuity products. New York Life is known for its financial strength, long history, and focus on providing lifetime coverage and retirement income solutions.
  • Metlife: A global insurance and financial services company that offers a wide range of insurance products, including life insurance, dental insurance, vision insurance, and more. Metlife has a strong presence in the group insurance market and offers various coverage options for individuals and businesses.

It’s important to note that the competitive landscape in the insurance industry can be complex and dynamic, and the list of competitors may vary based on various factors. It’s recommended to conduct thorough market research and analysis to identify the main competitors of Farmers New World Life Insurance Company in a specific market or region.

Frequently Asked Questions

Can I apply for life insurance online?

Yes, Farmers New World Life Insurance Company offers an easy and convenient online application process for life insurance. Customers can visit our website or contact our customer service team for assistance.

How can I obtain a quote for Farmers New World Life Insurance Company’s products?

Customers can obtain a personalized quote by visiting our website or contacting our customer service team. Our team will assess your insurance needs and provide you with a quote tailored to your specific requirements.

What factors can affect the cost of my insurance premiums?

The cost of insurance premiums may vary depending on factors such as age, health, coverage amount, and policy type. Other factors such as smoking status, occupation, and lifestyle choices may also impact the cost of premiums.

How do I qualify for discounts on my life insurance?

Farmers New World Life Insurance Company offers various discounts, such as multiple policy discounts, health and lifestyle discounts, and safe driving discounts. Eligibility for these discounts may vary, and our customer service team can provide more information on the qualifications and details of these discounts.

What are the coverage options available in my state?

Farmers New World Life Insurance Company operates in all 50 states across the United States, offering its insurance products and services nationwide. However, coverage options may vary by state, and our website or customer service team can provide detailed information on availability and coverage options in your specific state.

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Dorothea Hudson

Insurance and Finance Writer

Dorothea Hudson has been professionally writing in many spheres since 2013. She has written on entertainment, insurance, finance, travel, technology, AI, renewable energy, crypto, fundraising, and real estate for many websites. Her work has been published for British retailer Marks and Spencer, Kroger Magazine, the Vision Group, and more. Her passions include writing, music, running, travel, te...

Insurance and Finance Writer

Jeffrey Manola

Licensed Insurance Agent

Jeffrey Manola is an experienced life insurance agent who founded TopQuoteLifeInsurance.com and NoMedicalExamQuotes.com. His mission when creating these sites was to provide online consumers searching for life insurance with the most affordable term life insurance, permanent life insurance, no medical exam life insurance, and burial insurance. Not only does he strive to provide consumers with t...

Licensed Insurance Agent

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

Reviews
for Farmers Insurance Group

3.99 (2,901 reviews)
5
June 28, 2023

Buckeye_in_FL

2 Claims/2 Repairs & no hassles

We've had auto insurance with FIG for nearly 2 years and have had 2 claims during that period, one on each of our vehicles. Our daughter was using the SUV to attend graduate school in another state when another student clipped the left rear cover and quarter. Her insurance company failed to deal directly with our daughter and consequently, we were inundated with calls and mailings. We reported the claim to FIG and they contacted our daughter, set...
We've had auto insurance with FIG for nearly 2 years and have had 2 claims during that period, one on each of our vehicles. Our daughter was using the SUV to attend graduate school in another state when another student clipped the left rear cover and quarter. Her insurance company failed to deal directly with our daughter and consequently, we were inundated with calls and mailings. We reported the claim to FIG and they contacted our daughter, set up a DRP & rental for her. They took care of everything including subrogation. They did the same for our second vehicle when a truck shredded a tire in front of us, damaging the front cover. Dropped at the DRP and 3 days later we had it back, good as new. Thank you Farmers & The Harrod Agency for taking care of us.
1
May 19, 2021

Mickey_L

Farmers agent poor customer service

Despite my belief that I had a “local guy” I found that Farmers insurance agents have little interest in responding to current customers. I presume they are busy on sales calls. Despite the fact that I was a Farmers customer for 30+ years, I was unable to get my agent to return my calls on MULTIPLE occasions. When I ultimately gave up and cancelled my policy, it took three different forms of communication to get that done and only AFTER Farme...
Despite my belief that I had a “local guy” I found that Farmers insurance agents have little interest in responding to current customers. I presume they are busy on sales calls. Despite the fact that I was a Farmers customer for 30+ years, I was unable to get my agent to return my calls on MULTIPLE occasions. When I ultimately gave up and cancelled my policy, it took three different forms of communication to get that done and only AFTER Farmers advised they would be auto-charging my credit card for a policy cancelled 6 weeks prior. Stay away. You’re not getting anything ‘extra’ from having a local agent. You’re only being charged more.
4
January 16, 2021

slou117

Decent insurance coverage

They covered damage repairs to my car fairly easily although my rates increased significantly. Also, there were some issue with the rep handling my case not being responsive, but the issue was escalated and the person who stepped in was very helpful.
4
January 12, 2021

Mamasanders

Farmers Insurance - Consistently Reliable

I have had a very positive experience with Farmers for both my home and auto insurance. I can always reach my agent, and when I had a concern about an auto claim, I dialed an 800 number and they were incredibly nice and helpful.
4
January 8, 2021

emmahenry

Best Insurance company ever

I like this insurance company. I gathered a good experience from this company. Thanks for being with us.
1
January 5, 2021

treppers

Worst insurance company i've ever dealt with in my life!

I was involved in a wreck that caused significant damage to the side and front of my vehicle. I was not at fault, I was hit on the side traveling on the freeway. I was going straight and not making any changes in my direction. The other driver lost control and smacked into me, causing me to completely spin 4 times. There was damage caused to the front of the vehicle by road debri. When trying to get the front of the vehicle fixed, the adjuster ca...
I was involved in a wreck that caused significant damage to the side and front of my vehicle. I was not at fault, I was hit on the side traveling on the freeway. I was going straight and not making any changes in my direction. The other driver lost control and smacked into me, causing me to completely spin 4 times. There was damage caused to the front of the vehicle by road debri. When trying to get the front of the vehicle fixed, the adjuster called me a liar and said the damage was pre-existing. This is the worst company I have ever dealt with and I will never go back.
5
December 9, 2020

Tywko

Best insurance company

Great company and great people are working there. I think no one can beat their service and price now.
5
December 1, 2020

samw2

the best

A great company and the speed of the response of its customers is wonderful when the accident occurs. I thank them for their great work and the reliability of their wonderful service.
4
November 26, 2020

E92ghost

Farmers, all in one

The company is a well renowned company which has built its way up to where it is now the prices are a bit high but it’s worth it
5
October 23, 2020

kdc2285

Farmers

Great experience so far. They have been very helpful and called me recently for 30 minutes to talk about my policy.
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