Farmers Homeowners Insurance Review

Farmers Insurance is one of the largest homeowners insurers in the United States, protecting millions of American homes through its national agent network and direct underwriting. The company offers comprehensive home insurance with several distinctive features including three coverage tiers (Standard, Enhanced, and Premier), Eco-Rebuild coverage for green building materials, and Contents Replacement Cost coverage. Whether Farmers is the right choice for your home depends on the value of these features for your situation and how the company prices coverage in your specific market.

This guide reviews Farmers homeowners insurance in detail including coverage options, pricing, claims experience, customer satisfaction, available discounts, and how the company compares to other major homeowners insurers.

Farmers Homeowners Insurance Overview

Farmers offers comprehensive homeowners insurance through its national network of more than 48,000 exclusive and independent agents combined with strong digital tools. The company writes coverage in nearly every state and serves homes ranging from modest properties to high-value luxury homes.

Farmers’ homeowners insurance is generally well-regarded for its tiered coverage approach, comprehensive optional coverages, and integration with auto insurance for bundling. The three-tier system (Standard, Enhanced, Premier) lets customers choose the level of protection that matches their needs and budget.

Three Coverage Tiers

Standard Tier

Farmers Standard provides basic homeowners coverage meeting essential protection needs. This tier covers dwelling, personal property, liability, and loss of use with standard limits and deductibles.

Enhanced Tier

Farmers Enhanced adds higher limits, expanded coverages, and additional features beyond the Standard tier. This includes higher personal property limits, increased liability coverage, and expanded protection options.

Premier Tier

Farmers Premier provides the most comprehensive protection with the highest limits and broadest coverage. This tier includes specialty features like contents replacement cost, eco-rebuild coverage, and identity theft protection.

Coverage Options Available

HO-3 Special Form Policy

Farmers’ standard homeowners policy is the HO-3, which provides open-perils coverage for the dwelling structure and named-perils coverage for personal property. This is the most common homeowners policy type for owner-occupied homes.

HO-5 Comprehensive Form

Farmers offers HO-5 coverage in many markets, providing open-perils coverage for both the dwelling and personal property. This is broader than HO-3 and is often appropriate for higher-value homes.

HO-6 Condominium Insurance

Condo-specific coverage that addresses the split between unit owner responsibility and condo association master policy coverage.

HO-4 Renters Insurance

Renters insurance for tenants, providing personal property and liability coverage without dwelling coverage.

Mobile Home Insurance

Through Foremost subsidiary, Farmers offers comprehensive mobile home insurance for manufactured homes.

Standard Coverage Components

Dwelling Coverage

Farmers dwelling coverage protects the physical structure of your home including walls, roof, foundation, and built-in systems. The company offers replacement cost coverage with options for extended replacement cost coverage that adds protection if rebuild costs exceed expectations.

Personal Property Coverage

Farmers personal property coverage typically defaults to a percentage of dwelling coverage. Replacement cost coverage on personal property is available and recommended.

Other Structures

Coverage for detached garages, sheds, fences, and similar structures, typically set at 10% of dwelling coverage.

Loss of Use

Coverage for temporary living expenses if your home becomes uninhabitable, typically set at 20% to 30% of dwelling coverage.

Personal Liability

Coverage against lawsuits arising from incidents at your home. Standard limits start at $100,000, with higher limits up to $1 million typically available.

Medical Payments

Small no-fault coverage for guest injuries, typically $1,000 to $5,000 per person.

Farmers Unique Features

Eco-Rebuild Coverage

Farmers offers Eco-Rebuild coverage that pays additional amounts when you rebuild damaged portions of your home using environmentally-friendly materials. This is one of the most distinctive features in Farmers’ homeowners insurance.

Contents Replacement Cost

Available in higher coverage tiers, Contents Replacement Cost pays the full cost to replace damaged personal property with similar new items rather than depreciated actual cash value.

Identity Theft Protection

Farmers offers identity theft protection coverage, particularly in higher coverage tiers, including monitoring services and reimbursement for identity restoration costs.

Building Code Coverage

Coverage for additional costs to bring your home up to current building codes during repair after covered damage.

Inflation Protection

Automatic adjustment of dwelling coverage limits to keep pace with rising construction costs.

Service Line Coverage

Optional coverage for damage to underground utility lines that connect to your home including water, sewer, electrical, and gas lines.

Equipment Breakdown Coverage

Optional coverage for damage to home systems and appliances from electrical or mechanical breakdown.

Farmers Homeowners Insurance Cost

Farmers homeowners insurance averages $1,800 to $2,500 per year nationally, with significant variation by location, home value, coverage tier, and coverage levels.

Farmers’ pricing tends to be slightly above the national average, with the trade-off being unique features like Eco-Rebuild and the tiered coverage approach.

Available Discounts

Multi-Line Discount

Bundling homeowners with Farmers auto insurance produces some of the largest discounts available, typically up to 20% on both policies.

Claim-Free Discount

Customers without recent claims receive premium reductions reflecting their lower risk profile.

New Home Discount

Newly constructed homes (typically built within the last 10 to 15 years) qualify for substantial discounts.

Newly Purchased Home Discount

Recently-purchased homes (typically within the last year) often qualify for premium discounts.

Hail Resistant Roof Discount

Homes with impact-resistant roofing materials in hail-prone areas may qualify for substantial discounts.

Protective Device Discount

Homes with smoke alarms, fire extinguishers, deadbolt locks, security systems, and similar safety features qualify for premium discounts.

Smart Home Discount

Homes with connected smart devices like water leak detectors, smart thermostats, and security systems may qualify for additional discounts.

Higher Deductible Discount

Choosing a higher deductible reduces your premium. Standard deductible options typically range from $500 to $5,000 or higher.

Affinity Discount

Members of certain employer groups, professional organizations, or alumni associations may qualify for affinity-based discounts.

Claims Experience

Farmers scores around industry average in homeowners claims satisfaction. Several factors contribute to this performance.

Local Agent Advocacy

Your local agent serves as your advocate during claims, helping coordinate with adjusters, answering questions, and intervening if issues arise.

24/7 Claims Filing

Claims can be filed any time through the mobile app, website, phone, or your local agent at 1-800-435-7764.

Circle of Dependability Network

Farmers’ Circle of Dependability network provides pre-vetted contractors with lifetime guarantees on covered repairs.

Direct Pay Options

For larger claims, Farmers can pay contractors directly, simplifying the repair process for homeowners.

Pros and Cons of Farmers Homeowners Insurance

Pros

• Three coverage tiers offer flexibility (Standard, Enhanced, Premier)
• Strong financial position (A from A.M. Best)
• Comprehensive bundling with auto and other insurance
• Unique features like Eco-Rebuild coverage
• Strong claims handling reputation
• Comprehensive coverage options and endorsements
• Mobile app and digital tools for self-service
• Personal liability coverage up to $1 million available
• Replacement cost coverage in higher tiers
• Specialty coverage through Foremost for mobile homes

Cons

• Higher base pricing than some competitors
• Service quality depends on your specific local agent
• Some specific coverage areas have limited availability
• Lower coverage tiers may have notable gaps

How Farmers Compares to Other Major Insurers

Who Should Choose Farmers Homeowners Insurance?

• Households bundling auto and home insurance
• Customers wanting tiered coverage choice (Standard, Enhanced, Premier)
• Homeowners interested in Eco-Rebuild coverage for green building
• People who value local agent relationships
• Mobile home owners who can use Foremost subsidiary coverage
• Customers wanting comprehensive single-carrier insurance

Who Should Look Elsewhere?

• Customers seeking absolutely lowest standalone homeowners pricing
• Homeowners in high-risk areas where Farmers has limited availability
• Military families who qualify for USAA
• Customers needing specialty coverage Farmers does not offer well

How to Get the Best Farmers Homeowners Quote

Bundle Auto and Home

This is the single largest discount available. Combining auto and home with Farmers typically saves 15% to 20% on both policies.

Choose the Right Coverage Tier

The three-tier system lets you match coverage to needs. Most homeowners benefit from at least the Enhanced tier for adequate protection.

Consider Eco-Rebuild Coverage

If green building matters to you, Eco-Rebuild provides additional coverage that competitors typically do not offer.

Set Appropriate Deductibles

Higher deductibles reduce premiums. The right deductible reflects your ability to absorb out-of-pocket costs.

Apply All Available Discounts

Ask your agent specifically about every available discount.

Compare Against Other Carriers

Even if you stay with Farmers, comparing rates from other insurers ensures you are getting competitive pricing. The team at Matrix Insurance can help compare Farmers against other top carriers.

Our broader guide on what is homeowners insurance provides additional context for evaluating any homeowners policy.

Frequently Asked Questions

Is Farmers good for homeowners insurance?

Farmers is generally a solid choice for most homeowners. The company offers comprehensive coverage with three tier choices, unique features like Eco-Rebuild, and strong claims handling. Pricing tends to be slightly above the national average, but the tiered approach allows you to balance coverage against cost.

Does Farmers offer flood insurance?

Farmers sells flood insurance through the National Flood Insurance Program (NFIP) in most areas. Some private flood insurance options may also be available depending on your location.

How much does Farmers homeowners insurance cost per month?

Monthly costs typically range from $100 to $300 for most homeowners depending on home value, location, coverage tier, and other factors.

Does Farmers cover roof replacement?

Farmers covers roof replacement when damage results from covered perils like wind, hail, fallen trees, or fire. The age and condition of your roof affect coverage and may shift coverage from replacement cost to actual cash value for older roofs.

Can I cancel Farmers homeowners insurance?

Yes, you can cancel Farmers homeowners insurance at any time. Contact your local agent or call 1-888-327-6335. You typically receive a refund for unearned premium for the remainder of the policy term.

Does Farmers offer earthquake insurance?

Farmers offers earthquake coverage as an endorsement in earthquake-prone states. The coverage is separate from standard homeowners and has its own deductible structure.

What is Farmers’ homeowners insurance phone number?

For general customer service: 1-888-327-6335. For claims: 1-800-435-7764, available 24/7. For policy questions, contacting your local agent is often the fastest route to specific answers.

The Bottom Line

Farmers offers solid homeowners insurance with the unique three-tier coverage approach that lets customers match protection to needs and budget. Distinctive features like Eco-Rebuild coverage and the comprehensive Premier tier provide options not available from many competitors.

For most homeowners, Farmers is worth serious consideration during the insurance shopping process. The combination of bundling opportunities, tiered coverage choice, and reliable service makes it a strong choice for homeowners who value flexibility and unique features.

The team at Matrix Insurance can help you compare Farmers homeowners insurance against other top carriers to find the best combination of coverage, service, and price for your home. Use our Home Insurance Calculator for a starting estimate, or reach out to our team directly for a personalized quote comparison.