If you are looking for auto insurance, you have surely come across Farmers Auto Insurance. This well-known brand has some pretty great perks, which make it a top pick as seen on various Farmers auto insurance reviews on website after website.
Farmers is a pretty big insurance company, and it offers much more than just auto insurance. Still, it is definitely highly rated for that service. Now, the question is, is Farmers auto insurance the right option for you? Let’s take a look.
About Farmers Auto Insurance
How does Farmers Auto Insurance calculate quotes? Similar to other auto insurance companies, this company also takes a number of factors into consideration when determining a quote.
For instance, the company looks at the kind of car you have, where you live, your driving history, and even your credit score. If you have a score that is less than 700, you might be required to pay hundreds of dollars more each year.
The other thing that you should remember about Farmers auto insurance quotes is that you have to pay extra for coverage that other companies offer as part of their basic policies. This is why Farmers is probably lower in cost than other companies.
When comparing quotes, remember to keep that in mind that you are comparing apples to oranges, not apples to apples. In this way, you can better understand what you are getting yourself into.
Farmers Coverage Types
- Medical Payments
- Comprehensive Coverage
- Collision Coverage
- Personal Injury Coverage
- Liability Coverage
- Uninsured/Underinsured Motorist Coverage
- Towing and Roadside Assistance (optional)
- Customized Equipment Coverage (optional)
- Rideshare Coverage (optional)
Benefits of Farmers Policies
Then again, there are a few things that stand out about Farmers auto insurance that you can’t really get through other policies from other insurance companies. These include:
- Transfer Discount
If you switch to Farmers from another policy without a lapse in coverage, you can get a discount on top of Farmers’ already low price.
- Distant Student Discount
If you have a student who goes to school at least 100 miles from the insured car, and they have no access to the car, you can get a discount.
What Is Farmers Auto Insurance Good For?
When you first begin looking into auto insurance companies, you should look at both the good and the bad. So, let’s start with the good things about Farmers auto insurance:
- Lowest Rates
If you are looking into Farmers auto insurance, you might know that one of the things that it is known for is low rates. In fact, they have probably the lowest of all rates out there.
According to other Farmers auto insurance reviews, other big-name auto insurance companies have double the cost of the closest policy when compared to Farmers. And if you ask us, that’s a pretty big deal!
- Claims Satisfaction
Not all auto insurance companies are well-known for their customer service when it comes to claims, but Farmers seems to rank higher than other companies in this regard.
- Tech Lovers
When you want an auto insurance company that has an easy-to-use app or user-friendly website, Famers certainly fits the bill. This company is great for people who want quick access to their policy or those who want to access an agent quickly. You can do both with Farmers.
What Are the Cons of Farmers Insurance?
All auto insurance companies have some cons that you should look into before signing on the dotted line, and Farmers auto insurance does too. Here are some negatives to take into serious consideration:
- Financial Stability Isn’t High
One thing to consider before choosing Farmers is that, although the company has been around for more than 80 years, it doesn’t have the financial stability that other auto insurance companies have. This is important as it shows how well a company can pay major claims.
- Below Average on Policy Offerings
When you compare Farmers insurance to other companies that offer auto insurance, you should notice pretty quickly that it doesn’t have the same number of policy options available.
This isn’t exactly a bad thing, of course, because it has everything you want. However, if you are expecting bells and whistles, you probably might want to look elsewhere.
- Rental Reimbursement
Though some Farmers policies do offer rental reimbursements, several do not. This could be problematic if you get into an accident and your car has to be worked on.
Other insurance companies cover the cost of the rental, but with several Farmers policies, if you need a rental car, you must pay out of your own pocket.
What We Think of Farmers Insurance
Farmers auto insurance is a great pick for people looking for great value for their money. Just remember, though, that you get what you pay for. What does this mean?
It means this: Yes, Farmers is a good company that can offer basic auto insurance coverage at a great price. Basically, it gives you everything you need and nothing that you don’t. However, if you are looking for a lot of extras, you won’t find it with Farmers.
In addition to being a good value for your money, Farmers also offers several discounts, which can help you to save a bit more money. You can get discounts for having a clean driving record, the company offers discounts for people who drive an eco-friendly vehicle, and it even has good student discounts for the teens.
Remember, though, that these are pretty basic policies, and things like rental reimbursement are not available. This might not be a deal breaker, especially if you are on a budget, but several other companies offer this as a standard part of their policies.
What to Take Away About Farmers Auto Insurance
Farmers is a good pick for people who just want auto insurance at a good price. It is reliable, it has the coverage you legally need, and you can easily manage your auto insurance account online.
Just remember that you have to pay more for other services, such as rental reimbursement and accident forgiveness.
Final Thoughts
Farmers Auto Insurance isn’t going to be the best pick for everyone, but for people who just want basic coverage at a good price, Farmers is going to be a great pick. There are no big bells and whistles associated with Farmers, but when you look at Farmers auto insurance reviews, you can see that these basic policies are a good value for your money.
