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Learning, Sharing, and Teaching => Ask a Mustachian => Topic started by: MrSal on July 29, 2015, 10:51:52 PM

Title: Feedback on Farmers Insurance?
Post by: MrSal on July 29, 2015, 10:51:52 PM

Any feedback here from mustachians on Farmers Insurance?

I am reviewing my auto and homeowner insurance since I jsut bought a new car and am looking for several companies.

So far, I have quotes from State Farm, Geico, Liberty, Allied, Esurance...

I was leaning towards State Farm where their auto was attractive already for 2 cars where one is commute and other is pleasure.

But... when I went to the Farmers Insurance group their quotes is way cheaper with a policy numbers that are pretty much the same as others.

For example, their homeowners+auto policy stands at a price that is almost what others quote for homeowners!

So i ask for feedback about them... are they reputable? btw i dont think yhou need to be a farmer in order to have insurance from them lol...

Most quotes fell in around 400/500 dollars for the cars+500 dollars for the house insurance.

Farmers is about 600 for all of it. prices are yearly

Title: Re: Feedback on Farmers Insurance?
Post by: Rural on July 30, 2015, 04:20:57 AM

Farmers is common around here, one of the major players, and they've been around for a long time. I've never used them myself, so no personal experience, but they're definitely not a fly-by-night.


And no, you don't have to be a farmer.:)

Title: Re: Feedback on Farmers Insurance?
Post by: raikoi on July 30, 2015, 04:36:38 AM

Had to check what this thread is all about.was waiting for insurance concerning crops and tractors :D

Title: Re: Feedback on Farmers Insurance?
Post by: bobechs on July 30, 2015, 07:44:22 AM

If you never make a claim any insurance will do.  Hell, if you never make a claim no insurance will do and is even cheaper.

But claims-wise Farmers is widely acclaimed Da Worst.  State Farm is bad, but Farmers is Da Worst.

Not just me sayin' that:

(note that this is not just general angry old man bitching: Farmers has the specific corporate policy of deny, delay defend as a path to higher profitability -- it is not alone in that, google McKinsey and Insurance for more on that)

http://www.insuranceclaimhelp.org/boycott-farmers-insurance/

http://www.farmersinsurancegroupsucks.com/forum/list.php?3

http://www.propertyinsurancecoveragelaw.com/2015/07/articles/insurance/review-of-the-farmers-next-generation-homeowners-policy-part-2-appraisal/

http://www.propertyinsurancecoveragelaw.com/articles/state-farm/

Reminds me of Chilkoot Charlies motto: We Cheat The Other Guy And Pass The Savings On To You

Good insurance companies? Check the first link for ones with a better reputation.  Also, note that big advertising budget seems to be inversely related to claims handling integrity.

Title: Re: Feedback on Farmers Insurance?
Post by: DeltaBond on July 30, 2015, 08:04:37 AM

Farmers actually pay their claims, and quickly.  I'm happy with them.

Title: Re: Feedback on Farmers Insurance?
Post by: bobechs on July 30, 2015, 08:29:54 AM

Quote from: DeltaBond on July 30, 2015, 08:04:37 AM

Farmers actually pay their claims, and quickly.  I'm happy with them.

Small claim or large claim?  It doesn't pay, according to McKinsey, to fight little claims like a wolverine.  Just give 'em a mild haircut and go.

Title: Re: Feedback on Farmers Insurance?
Post by: I'm a red panda on July 30, 2015, 09:31:28 AM

Maybe it would be okay to be a Farmer's customer, but Farmer's was hell to deal with when one of their customers hit me.

I would never use them after that experience.

Title: Re: Feedback on Farmers Insurance?
Post by: oldladystache on July 30, 2015, 09:59:59 AM

I've used them all my life. Had a few claims over the years and they were fine. No complaints.