Farmers Auto Insurance is known for its robust coverage options, offering standard protections like liability and collision, along with unique add-ons. These extras include New Car Replacement and Accident Forgiveness. However, the premium price—22% to 67% higher than the average—may be offset by stacking discounts and maintaining a safe driving record.
Why I Recommend Farmers Auto Insurance
- Broad add-on menu including OEM parts and diminishing deductibles.
- Up to 30% telematics savings with Signal®.
- Strong financial rating and fewer complaints than average.
Who Is This Insurance For?
Ideal for low-mileage drivers, new-car owners, and those bundling policies. Also great for rideshare drivers needing extended coverage during app-on time.
What are the Key Benefits of Farmers’ Add-Ons?
Farmers’ add-ons include New Car Replacement for cars totaled within 2 years, Accident Forgiveness, and OEM Parts Guarantee for repairs. These provide flexibility and reassurance.
How Can I Offset the High Premium Costs?
Consider bundling with home insurance or adding discounts for good-student, military, or low mileage to narrow the premium gap.
Does Farmers Offer a Full GAP Insurance Option?
Farmers does not offer full GAP insurance, but provides Residual Debt Coverage up to 25% of the actual cash value toward outstanding loans.