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Farmers Homeowners Insurance Review 2025 – Coverage, Rates, Pros & Cons
July 1, 2025

Pros and Cons of Farmers Home Insurance
Farmers is a well-established insurer offering solid home coverage and a variety of policy perks. However, it may not be the cheapest option for every homeowner.
Here are the key advantages and drawbacks at a glance:
- Pros: Wide range of coverage options and add-ons (e.g. extended replacement cost, identity theft protection); many available discounts (for safety features, bundling policies, etc.); strong financial stability (rated “A” by AM Best, indicating reliable claims-paying ability).
- Cons: Higher-than-average premiums for home insurance; not available in all states (unavailable in Florida, Hawaii, and several Northeastern states); customer satisfaction scores are only middling (below average in recent J.D. Power surveys).
Coverage and Unique Features
Standard coverage: Farmers homeowners policies include all the standard protections you’d expect – dwelling coverage for your house structure, coverage for other structures (like a shed or fence), personal property coverage for your belongings, loss of use coverage if you need to live elsewhere during repairs, personal liability protection, and guest medical coverage. These are comparable to what other major insurers offer and form the foundation of every Farmers home insurance policy.
Optional add-ons and perks: Where Farmers stands out is in the variety of optional coverages and special perks you can add to customize your policy. Some notable ones include:
- Claim forgiveness: Your rate won’t increase after one claim if you’ve been claim-free for a certain period. This perk rewards long-term customers and offers peace of mind that a single incident won’t spike your premium.
- Declining deductible: For each year your policy is claim-free, Farmers knocks $50 off your deductible. Over time, this can significantly reduce your out-of-pocket cost if you do have a claim.
- Extended replacement cost: You can opt for extended or guaranteed replacement cost coverage, which pays beyond your dwelling limit if rebuilding your home costs more than expected. This protects you from being underinsured if construction costs surge after a disaster.
- Emergency mortgage assistance: If a covered disaster leaves your home uninhabitable, Farmers can cover your mortgage payments (for up to three months or $10,000) while you’re unable to live in the home. This is a unique safety net that not all insurers provide.
- Others: Farmers also offers many typical add-ons such as water backup coverage (for sewer or sump pump backups), identity theft coverage, homeshare coverage (for Airbnb-style rentals), and roof replacement upgrade coverage that lets you rebuild with stronger roofing materials after damage. These options allow homeowners to tailor their policy to their needs, though each will add to your premium.
Cost and Discounts
One important consideration is cost. Farmers tends to be more expensive than many competitors for homeowners insurance. The average annual premium with Farmers is about $2,600, which is higher than the national average (~$2,100) for comparable coverage. In fact, among large insurers, Farmers’ rates are on the higher end, so price-sensitive shoppers may want to obtain quotes from other companies for comparison.
Why are rates higher? Partly due to the robust coverage and the fact that Farmers offers many extras, but also market factors. Recent years have seen rising home insurance costs nationwide due to inflation in construction costs and increased catastrophe claims, and Farmers has not been immune to these trends. The company has even implemented rate increases and tightened underwriting in high-risk areas (for example, pausing new home policies in Florida) to manage its exposure.
On the bright side, Farmers offers a long list of discounts that can help offset its higher base premiums. You can save by bundling your home policy with other policies (like auto insurance) – Farmers gives a discount when you combine home and car coverage. There are also discounts for things like installing home safety devices (alarms, sprinklers), being a non-smoker, going paperless, having a new or recently renovated home, paying your bill in full, and even for certain professions (teachers, doctors, firefighters, etc.).
For example, if you install security systems or a smart home device, you may earn a lower rate, and if you haven’t filed any claims in a while, you could see additional savings. Taken together, these discounts can make a significant dent in your premium – so be sure to ask which ones you qualify for.
Customer Satisfaction and Availability
When it comes to customer experience, Farmers shows a mixed picture. In the J.D. Power 2025 Home Insurance Study, Farmers scored below the industry average for overall customer satisfaction with a score of 676 out of 1,000 (versus the 682 average). This suggests that policyholders rated their experience with Farmers a bit lower than customers of some other big insurers, particularly in areas like claims handling or customer service.
However, looking at complaint data, Farmers actually performs well – it has fewer consumer complaints than expected for an insurer of its size, according to the National Association of Insurance Commissioners. Fewer complaints is a positive sign, indicating that serious issues are relatively rare and that Farmers generally resolves customer concerns at a reasonable rate.
State availability: Before falling in love with Farmers’ offerings, make sure the product is offered in your area. Farmers homeowners insurance is not available in every state. Notably, Farmers does not write new home insurance policies in Florida as of 2023 (due to the high hurricane risk and insurance market challenges there).
It’s also unavailable in several states in the Northeast – including Hawaii, Alaska, Maine, New Hampshire, Vermont, Rhode Island, Delaware, and West Virginia, plus Washington, D.C.. If you live in one of these places, you’ll need to choose a different insurer for your home. In the states where it does operate, Farmers is a major player with agents and coverage options readily accessible, but this limited footprint is worth keeping in mind if you move or live in a high-risk region.
For those who are eligible, Farmers’ digital tools and support are modern and convenient. You can get quotes online or through an agent, manage your policy via a mobile app, and access 24/7 claims reporting by phone. These services are on par with industry standards, ensuring that policyholders can easily interact with the company when needed.
Frequently Asked Questions about Farmers Homeowners Insurance
Is Farmers homeowners insurance good?
Yes, Farmers homeowners insurance is a reputable provider with solid coverage options and financial strength. It offers comprehensive standard protections and a variety of unique add-ons, making it a strong choice for coverage. However, it may not be the cheapest option, so if affordability is a top concern, be sure to compare its rates against other insurers.
Is Farmers homeowners insurance expensive?
Yes, Farmers tends to charge higher-than-average premiums for home insurance. The typical Farmers home insurance policy costs around $2,500–$2,600 per year, which is above the national average (about $2,100) for the same coverage amount. In exchange for the higher price, you get a wide array of coverages and perks, but budget-conscious homeowners should compare quotes to ensure they’re getting a good deal.
Does Farmers homeowners insurance cover floods or earthquakes?
No, standard Farmers homeowners insurance policies do not cover damage from flooding or earthquakes. Like most home insurers, Farmers excludes these perils. If you live in an area prone to floods or seismic activity, you would need to purchase a separate flood insurance policy or earthquake coverage. Farmers does offer those policies separately (or through partners), but they are not part of a basic home insurance package.
Can I bundle home and auto insurance with Farmers?
Yes, Farmers encourages bundling and offers discounts when you purchase multiple policy types. If you get your homeowners insurance and auto insurance (or another product like life insurance) from Farmers, you’ll qualify for a multi-policy discount. Bundling can typically save you around 10% or more on premiums. It’s a convenient way to manage your policies under one company and save money at the same time.
Is Farmers homeowners insurance available in Florida?
No, Farmers is not currently offering new homeowners insurance policies in Florida. In recent years, Farmers paused writing new home insurance in Florida due to high catastrophe risks and costs. Existing policyholders may still be covered, but if you’re a new customer in Florida (or certain other states like Hawaii or some Northeastern states), you’ll need to seek coverage from a different insurer. Always check availability in your state, as insurers can change their market presence over time.
Conclusion
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Farmers homeowners insurance delivers robust coverage and a suite of attractive perks, from extensive add-on options to policy features that reward loyalty. It’s a reliable choice for those who value comprehensive coverage and are willing to pay a bit more for extra peace of mind. That said, its premiums are on the higher side, so it may not fit everyone’s budget. If you prioritize coverage breadth and don’t mind the cost, Farmers can be worth it, but be sure to leverage available discounts and compare with other companies.
Ultimately, the best homeowners insurance is one that balances cost, coverage, and service for your specific needs. It’s wise to gather quotes from multiple insurers (including Farmers and its competitors) to see who offers the best value for your situation. For an easier comparison, consider using Kudos – it can quickly compare top home insurance options and highlight any extra perks, helping you find the most bang for your buck. With the right research and tools, you’ll be well on your way to securing the perfect protection for your home.
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