Farmers Property and Casualty Insurance Company Review (2024)

Farmers Property and Casualty Insurance Company, with its "Excellent" A.M. Best rating, stands as a stalwart guardian, providing a comprehensive array of insurance solutions tailored to diverse needs and a commitment to customer satisfaction.

UPDATED: Jan 10, 2024

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: Jan 10, 2024Fact Checked

Laura D. Adams

Insurance & Finance Analyst

Laura Adams is one of the nation’s leading finance, insurance, and small business authorities. As an award-winning author, spokesperson, and host of the top-rated Money Girl podcast since 2008, millions of readers and listeners benefit from her practical advice. Her mission is to empower consumers to live healthy and rich lives by planning for the future and making smart money decisions. She rec...

Insurance & Finance Analyst

Daniel Walker

Licensed Insurance Agent

Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...

Licensed Insurance Agent

UPDATED: Jan 10, 2024

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: Jan 10, 2024

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: Jan 10, 2024

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: Jan 10, 2024Fact Checked
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Farmers Property and Casualty Insurance Company

Average monthly rate for good drivers:

$100

A.M. Best rating:

A (Excellent)

Complaint level:

Low

Pros

  • Comprehensive coverage options
  • Tailored policies for individual needs
  • Trusted and established insurer
  • Competitive average annual rates
  • Wide range of insurance types

Cons

  • Limited availability in some regions
  • Additional coverage options may increase premiums
  • Online tools could be more user-friendly

Final Verdict: Review of Farmers Property and Casualty Insurance Company

Farmers Property and Casualty Insurance Company emerges as a stalwart guardian of individuals’ assets, providing a comprehensive array of insurance solutions tailored to diverse needs. With an A.M. Best rating of “Excellent” and a commitment to customer satisfaction, Farmers offers a range of coverage options.

The company’s competitive average annual rates, combined with an array of discounts, make it a viable choice for those seeking financial security. Through an intuitive mobile app, Farmers empowers policyholders with easy access to policy management and claims processing.

Amidst a competitive landscape, Farmers’ emphasis on personalized service, comprehensive coverage, and technological convenience solidifies its position as a trusted partner in safeguarding the unexpected turns of life.

What You Should Know About Farmers Property and Casualty Insurance Company

Company Contact Information

  • Website: www.farmers.com
  • Phone: 1-888-327-6335
  • Email: Contact form available on the website

Related Parent or Child Companies

  • Farmers Insurance Group is the parent company of Farmers Property and Casualty Insurance Company.

Financial Ratings

  • Farmers Property and Casualty Insurance Company holds an A (Excellent) rating from A.M. Best, showcasing its financial stability and ability to meet policyholder obligations.

Customer Service Ratings

  • Customer service ratings for Farmers Property and Casualty Insurance Company are consistently high, reflecting their commitment to providing excellent service and support to policyholders.

Claims Information

  • When it comes to claims, Farmers Property and Casualty Insurance Company has a streamlined and efficient process. Policyholders can file claims online through their website or contact their customer service for assistance. With a focus on customer satisfaction, Farmers aims to expedite the claims process and provide fair compensation.

Company Apps

  • Farmers Insurance offers a user-friendly mobile app, available on both iOS and Android platforms. The app provides policyholders with easy access to their policy information, claims filing, bill payment, and even a virtual insurance card. The app’s intuitive interface makes managing insurance-related tasks convenient and accessible on the go.

Read more:

Farmers Property and Casualty Insurance Company Insurance Coverage Options

Farmers Property and Casualty Insurance Company offers a diverse range of coverage options tailored to meet the specific needs of policyholders. These coverage options include:

Auto Insurance

  • Liability Coverage: Protection in case you’re at fault in an accident that causes injury or property damage to others.
  • Comprehensive Coverage: Coverage for damage to your vehicle caused by incidents other than collisions, such as theft, vandalism, or natural disasters.
  • Collision Coverage: Protection for damage to your vehicle resulting from collisions with other vehicles or objects.
  • Uninsured/Underinsured Motorist Coverage: Safeguard against accidents involving drivers with inadequate or no insurance.

Homeowners Insurance:

  • Dwelling Coverage: Protection for your home’s structure against perils like fire, windstorms, and vandalism.
  • Personal Property Coverage: Coverage for your belongings, such as furniture, clothing, and electronics, in case of covered events.
  • Liability Coverage: Financial protection if you’re held liable for injuries or property damage to others.
  • Additional Living Expenses Coverage: Assistance with living expenses if your home becomes temporarily uninhabitable due to a covered event.

Renters Insurance

  • Personal Property Coverage: Coverage for your personal belongings, including clothing, electronics, and furniture, in case of covered events.
  • Liability Coverage: Protection if you’re held responsible for injuries to others or damage to their property.
  • Additional Living Expenses Coverage: Coverage for temporary living expenses if your rental becomes uninhabitable due to covered events.

Umbrella Insurance

  • Liability Coverage Extension: Additional liability protection that goes beyond the limits of your underlying policies, offering extra security.
  • Coverage for Various Scenarios: Protection against various liability claims, including bodily injury, property damage, and certain lawsuits.

Farmers Property and Casualty Insurance Company ensures that policyholders can choose the coverage options that best align with their needs and circumstances, providing a comprehensive safety net for various aspects of their lives.

Read more: Farmers Alliance Mutual Insurance Company Review

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Farmers Property and Casualty Insurance Company Insurance Rates Breakdown

Driver ProfileFarmers Property and CasualtyNational Average
Clean Record$83$119
1+ Ticket$125$147
1+ Accident$154$173
DUI$208$209
Poor Credit$143$205

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

Farmers Property and Casualty Insurance Company Discounts Available

DiscountsFarmers Property and Casualty
Anti Theft8%
Good Student13%
Low Mileage10%
Paperless9%
Safe Driver15%
Senior Driver8%

Farmers Property and Casualty Insurance Company values its policyholders and provides a variety of discounts to help them save on their insurance premiums. These discounts include:

  • Multi-Policy Discount: Save when you bundle multiple insurance policies, such as auto and homeowners insurance, with Farmers.
  • Good Driver Discount: Enjoy lower rates if you have a clean driving record without any recent accidents or violations.
  • Safe Driver Discount: Earn a discount for maintaining safe driving habits over an extended period.
  • Good Student Discount: Students with good academic performance may qualify for reduced rates.
  • Home Security System Discount: Install security systems such as alarms or surveillance cameras in your home to receive a discount.
  • Claims-Free Discount: Policyholders who haven’t filed a claim for a certain period may be eligible for this discount.
  • Eco-Friendly Vehicle Discount: If you drive a hybrid or electric vehicle, you may qualify for a discount.
  • Multi-Car Discount: Insure more than one vehicle with Farmers to benefit from this discount.
  • Pay-in-Full Discount: Pay your premium in full at the start of the policy period to receive a discount.
  • Electronic Funds Transfer (EFT) Discount: Opt for automatic premium payments through EFT to earn a discount.
  • Home Renovation Discount: If you’ve recently renovated your home, you might be eligible for this discount.
  • Affinity Group Discount: Membership in certain organizations or associations could make you eligible for discounted rates.
  • Mature Homeowner Discount: If you’re a senior homeowner, you could qualify for reduced rates.
  • Teen Driver Discount: Policyholders with teen drivers who maintain good grades and complete driver education courses might be eligible for savings.
  • Renewal Discount: Stick with Farmers and renew your policy to enjoy loyalty discounts.

These discounts provide opportunities for policyholders to reduce their insurance costs while maintaining high-quality coverage from Farmers Property and Casualty Insurance Company. It’s important to discuss these discounts with your agent to ensure you’re taking advantage of all the savings available to you.

How Farmers Property and Casualty Insurance Company Ranks Among Providers

Farmers Property and Casualty Insurance Company operates in a competitive landscape where several other insurance providers offer similar services to customers. Here are some of the main competitors of Farmers in the insurance industry:

  • State Farm: State Farm is one of the largest insurance companies in the United States, offering a wide range of insurance products including auto, homeowners, and life insurance. Known for its extensive agent network and strong customer service, State Farm competes directly with Farmers in providing comprehensive coverage options.
  • Allstate: Allstate is another major player in the insurance industry, offering various types of coverage including auto, home, and life insurance. With its recognizable “You’re in Good Hands” slogan, Allstate focuses on personalized policies and digital tools to enhance customer experience.
  • Geico: Geico is known for its competitive auto insurance rates and clever advertising campaigns. Geico primarily operates through direct sales channels and emphasizes simplicity and affordability in its offerings. It competes with Farmers particularly in the auto insurance segment.
  • Progressive: Progressive is recognized for its innovative approach to insurance, including usage-based policies and a strong online presence. Offering auto, home, and various other insurance types, Progressive’s unique features often attract tech-savvy customers who value customization.
  • Liberty Mutual: Liberty Mutual offers a broad range of insurance products, including auto, home, and renters insurance. It focuses on personalized coverage and provides various discount options. Liberty Mutual competes with Farmers in offering comprehensive insurance solutions.
  • USAA: USAA primarily serves military members and their families, providing a range of insurance and financial services. With a strong reputation for customer service and tailored policies, USAA competes with Farmers in serving a specific customer base.
  • Nationwide: Nationwide offers auto, home, and other insurance products, emphasizing its network of agents and a wide range of coverage options. Known for its “Nationwide is on your side” tagline, the company competes with Farmers by providing comprehensive insurance solutions.
  • Travelers: Travelers offers a variety of insurance products including auto, home, and business insurance. With a focus on risk management and tailored policies, Travelers competes with Farmers in providing coverage for individuals and businesses.

These competitors, along with others in the insurance industry, contribute to a dynamic market where companies strive to differentiate themselves through coverage options, pricing, customer service, and technological innovation. Farmers Property and Casualty Insurance Company faces competition from these reputable companies while maintaining its unique offerings and customer-focused approach.

Farmers Property and Casualty Insurance Company Claims Process

Ease of Filing a Claim

Farmers Property and Casualty Insurance Company offers multiple convenient methods for policyholders to file insurance claims. One of the standout features is the ease of filing a claim through their digital platforms.

Policyholders can file claims online through the company’s official website or mobile app, making the process quick and hassle-free. Additionally, Farmers provides a dedicated phone line for claim submissions, ensuring that customers have various options to choose from based on their preferences.

Average Claim Processing Time

When it comes to the speed of processing claims, Farmers Property and Casualty Insurance Company has consistently delivered efficient service.

While the exact processing time may vary depending on the complexity of the claim and other factors, customers generally report relatively swift claim processing times. This efficiency is a testament to the company’s commitment to providing timely assistance to policyholders during their time of need.

Customer Feedback on Claim Resolutions and Payouts

Customer feedback is a crucial aspect of evaluating any insurance company, and Farmers Property and Casualty Insurance Company has received positive reviews for their claim resolutions and payouts.

Policyholders have praised the company for its fairness and transparency in settling claims. The company’s dedication to ensuring customers are satisfied with the resolution and payouts of their claims is reflected in the consistently positive feedback it receives.

Farmers Property and Casualty Insurance Company Digital and Technological Features

Mobile App Features and Functionality

Farmers Property and Casualty Insurance Company offers a feature-rich mobile app that enhances the overall customer experience.

The app allows policyholders to manage their policies, view coverage details, make payments, and even file claims directly from their mobile devices. With an intuitive user interface and a range of helpful tools, the mobile app empowers customers to access important insurance information and services on the go.

Online Account Management Capabilities

In addition to the mobile app, Farmers provides a robust online platform for policyholders to manage their accounts.

Through the company’s website, customers can easily access and update their policy information, review billing statements, and request policy changes. This online account management system simplifies the administrative aspects of insurance, allowing policyholders to make informed decisions about their coverage.

Digital Tools and Resources

Farmers Property and Casualty Insurance Company recognizes the importance of educating its customers about insurance matters. To this end, they offer a variety of digital tools and resources through their website and mobile app.

These resources include informative articles, calculators, and interactive tools that help policyholders better understand their insurance needs and make informed choices. By providing these digital resources, Farmers demonstrates its commitment to empowering its customers with knowledge and tools to make the right decisions regarding their insurance coverage.

Frequently Asked Questions

What is the focus of Farmers’ coverage options?

While Farmers provides various coverage types, their primary focus is on auto insurance, with comprehensive options to ensure driver protection.

Does Farmers offer umbrella insurance?

Yes, Farmers provides umbrella insurance, extending liability coverage beyond other policies to offer extra protection.

Can I bundle my insurance policies with Farmers?

Absolutely, Farmers offers a multi-policy discount, allowing you to bundle and save on multiple insurance types.

Can I get a discount for bundling auto and homeowners insurance?

Yes, Farmers offers a multi-policy discount, allowing you to save when you bundle auto and homeowners insurance.

How can I get a quote from Farmers?

You can obtain a quote from Farmers by visiting their website, calling their customer service, or contacting a local agent for assistance.

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Laura D. Adams

Insurance & Finance Analyst

Laura Adams is one of the nation’s leading finance, insurance, and small business authorities. As an award-winning author, spokesperson, and host of the top-rated Money Girl podcast since 2008, millions of readers and listeners benefit from her practical advice. Her mission is to empower consumers to live healthy and rich lives by planning for the future and making smart money decisions. She rec...

Insurance & Finance Analyst

Daniel Walker

Licensed Insurance Agent

Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...

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.

Free Insurance Providers Comparison

Compare Insurance Providers Rates to Save Up to 75%

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