Farmers Insurance

Farmers  landlord insurance is very diverse and includes coverage for landlords with multiple properties, single residences, duplexes, triplexes and quads. The company also provides packages for homes with cosmetic conditions. Short term rentals and vacation rentals can also be covered.

0 Reviews - Write Review
9.1
Grand Score
8
User Score
9.1
Grand Score
8
User Score
Visit Site

When Farmers Insurance was first founded in 1928, it only offered coverage for autos. Nowadays, the company has expanded its insurance policies substantially. The company has also grown to become the third-largest insurance provider of both private auto and homeowners insurance in the United States. It is estimated that Farmers services 10 million households and provides insurance for 15 million clients. It has over 20 million policies in effect across the nation. 

Seniors usually feel secure purchasing insurance from an established and reputable company like Farmers Insurance. They can build the policy that fits their unique landlord needs.They can also combine their landlord policy with an auto policy to enjoy a mature driver discount. Seniors can even explore the annuities and mutual fund services offered to continue to grow their retirement nest eggs with each passing year.  Farmers continues to maintain its client base, with 91 percent of clients renewing their policies every year. 

Grandfolk Scoring
Ease of enrollment 10/10
Coverage 9/10
Waiting period 7/10
Customer support 9/10
Discount 7/10
Cost 8/10
Deductible 7/10
Ease of enrollment
How do I enroll?
Online or by phone
Coverage
What services are covered?
Property (dwelling, other structures) and liability protection
Waiting period
How soon does the insurance become active?
Call customer service for details
Customer support
What support is provided?
Phone access 7 AM-11 PM CST Mon-Fri, 8 AM-8 PM Sat-Sun
Discount
What discounts are offered?
Call the company to discover current discounts
Cost
How much are monthly premiums?
Cost varies depending on age, policy requirements and history
Deductible
Which claims require use of a deductible?
Call the company for details
Age Score:
10
50-64 Years
10
65-74 Years
10
75-84 Years
10
85-Above

Farmers Insurance recognizes the experience and maturity that each year brings to a person’s life. On top of offering extensive landlord insurance packages, the company also encourage customers to purchase more than one policy for complete peace of mind. Combining landlord insurance with auto can ultimately save a senior money because of their age. 

Seniors typically appreciate the company’s 48,000 agents that provide personalized face-to-face service. The benefit of being able to discuss various insurance needs and requirements with a person in an office setting is usually indispensable to many seniors.

Health Score:
10
Great Health
10
Good Health
10
Fair Health
10
Poor Health

Seniors benefit from purchasing insurance with an established company that provides personalized service. Having landlord insurance and other policies customized to meet their individual needs provides peace of mind when it comes to rental property, homeowners, auto, and many more options. 

Farmers Insurance also offers life insurance policies that can meet a senior’s requirements during their advancing years, especially if their health is poor. No matter what a person’s unique needs might be, sitting down with an agent to discuss the ins and outs of the various policies is an important step for most seniors.

Pros:

  • Mature driver discounts
  • Safety discounts
  • Homeowner discounts
  • Policies can be bundled for more savings. 
  • Incidence forgiveness upon renewal. 

Cons:

  • From 2012 to 2017, the company has sustained rate hikes every year. 
  • Only the main Farmer’s policy holder can register for online services. 
  • Farmers Insurance services are not the same in every state. East coast policies and prices vary greatly from similar West coast policies. 
  • The company does not offer 24-hour customer service. 

Bottom Line:

Farmers Insurance has been around since 1928. It is a stable company that continues to grow. Many policyholders are lifelong clients of Farmers Insurance and happily renew their policies year after year. The company’s assets are at 16.1 billion dollars. Farmers is the largest of the primary insurance companies in the United States. In 2016, the company made 12.6 billion dollars in revenue. There are 13,000 agencies nationwide to meet client needs with face-to-face service. 

Seniors who want a company that is stable and dependable will be drawn to Farmers Insurance. The company offers landlord packages, auto insurance, life, business, property, rental, motorcycle, recreational and umbrella insurance policies. Seniors may also benefit from the annuities and mutual funds provided by the company.

Frequently Asked Questions:

How do I pay for my policy? 

You can pay by phone or by mail. You can also set up automatic payments. 

Can I change my plan?

Yes, you can change your policies at any time by adding or deducting services. 

Can I cancel my plan? 

Yes, you can cancel your plan by contacting your local agent or by calling customer service.

More Information:

Note: Farmers offers small claim forgiveness, which means your rate will not increase if you have a small accident. 

Overview: 

Farmers Insurance is one of the oldest and largest insurance companies in the country. The company continues to offer competitive rates with superior customer service. New members should inquire about their various rate discounts. A senior can bundle their landlord, home and auto insurance policies to enjoy savings. 

Package Details: Farmers Insurance offers numerous insurance packages, and gives various discounts if you decide to bundle insurance policies such as auto with homeowners, or auto, homeowners and life policies.

Individual Plans: Individual insurance policies are offered.

Family Plans: Family plans and packages are offered. The more you bundle, the more you save. 

Farmers Mobile App: The Farmers Mobile App gives clients quick access to their account via any mobile device. Members can pay their bills via the mobile app and also view insurance cards. 

Discounts: Farmers offers discounts for bundling. 

Add-on Services: Services such as roadside assistance are easily added onto policies. The company offers a wide array of add-on services that not only save you money but are tailored to fit your unique insurance needs.

Additional Company Details: 

Every year, Farmers Insurance company continues to grow as it serves more clients and expands its agencies across the country. It offers customized insurance packages that a senior can build to fit their specific needs. The more policies that a senior purchases, the greater the savings. 

Payment Policies: You can pay online, pay by phone or pay by mail. You can also set up automatic payments. Policies can be paid for every month, every six months or even once a year. 

Cancellation: Policies can be canceled at any time. There is no cancellation fee. 

Warranty: The company offers no warranty.

Accreditation: Farmers Insurance is an accredited member of the Better Business Bureau (BBB). It maintains an A+ rating. 

COMPANY DETAILS:

Farmers Insurance has been in business and flourishing since 1928. The company continues to grow. Currently, it offers insurance in all 50 states and has 48,000 agents to meet the needs of its 15 million clients. Farmers is a nationwide insurance company that offers auto, home, life, business, renters, landlord, motorcycle and recreation policies. It also handles mutual funds and annuities. The company also offers roadside assistance in the event of an emergency. 

Contact:

Farmers Insurance
4680 Wilshire Blvd
Los Angeles, CA 90010-3807
Tel: (800) 493-4917
Website:https://www.farmers.com/

Kimberly Sharpe - Senior Advisor

...