Farmers Renters Insurance Review

Rating: 9.7 / 10 (Excellent)
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California-based Farmers Insurance is an American insurance company that offers a variety of insurance coverages, including homeowners, auto, life, business, and renters. Founded in 1926, the company has solid financials, a large agent network, and a relatively low instance of consumer complaints. Farmers offers all the standard renters insurance features, and a robust array of options.

How is Farmers rated?


Financial Strength
Pricing & Discounts
Customer Experience

Overall Rating: 9.7 / 10 (Excellent)

Farmers gets good marks from us because it offers a more complete renters insurance selection than many of their competitors. Coverage is particularly strong, extending to medical bills regardless of liability, identity theft protection, and personal property, (furniture, clothing, electronics, appliances, etc.), anywhere in the world. Their renters product is further bolstered by excellent financial strength, and a quick online quote process.

Farmers Coverage

Coverage - 9 / 10

Renters insurance covers all the standard options, including coverage for personal possessions, personal liability, and additional living expenses. With a Farmers policy, personal possessions are covered anywhere in the world. Some standout features not common to all renters insurance include medical payments for visitors who are injured as a result of your or a pet's activities, regardless of liability. The identity shield option is also a plus, which includes credit monitoring, identity resolution, and compensation for time and loss.
Basic Coverage
Personal Property
Personal Liability
Loss of Use / Additional Living Expenses
Optional Coverage
Identity Theft Restoration
Off-premises Event Coverage
Property Valuation Methods
Replacement Cost
Actual Cash Value

Pricing & Discounts

Pricing & Discounts - 10 / 10

Farmers offers better additional options than most when it comes to renters insurance. As home level discounts go, the company will credit you for having safety systems such as sprinklers and fire alarms installed in your home. When it comes to policy level options, Farmers will only provide a discount when you bundle renters with auto insurance. Interestingly, the company does not appear to offer claims free or auto payment discounts for renters insurance.
Annual Premium
Starting at $150
Deductible Options
$100 - $5000
Property-Level Discounts
Burglary Protected
Fire Protection
Sprinkler System
Policy Discounts

Customer Experience

Customer Experience - 10 / 10

Farmers has an A+ rating with the BBB, and a good TrustPilot score of 6.1. They also have less than half the national average of formal complaints according to the NAIC (.50). Customers often site their flexible and customizable options, which is rare for renters insurance, and the fact that the company will also give you an actual online quote instead of just trying to funnel you to an agent.

Customer Ratings

TrustPilot Rating
6.1 out of 10
BBB Rating
Number of BBB Positive Reviews
Number of BBB Negative Reviews

National Association of Insurance Commissioners

NAIC Complaint Ratio 2016
NAIC Total Complaints 2016
*The NAIC complaint ratio (in this case 0.5) is a ratio of the number of complaints a company received to the its total premiums written in a calendar year. The median complaint ratio across all companies is 1. A score below 1 means the company received fewer than average complaints. A score above 1 means the company received a higher number of complaints than average.

Financial Strength Ratings

Financial Strength - 10 / 10

Farmers renters insurance is just one service provided through the many companies that are part of the Farmers Insurance Group of companies. The conglomeration currently serves more than 10 million families across the US, offering home, auto, life, and renters insurance among others. Operating for almost 90 years, Farmers maintains a formidable reputation in financial services, boasting a very strong to excellent financial outlook across the three main rating agencies.
Farmers New World Life Insurance Company
Standard & Poor's Financial Rating
Moody's Financial Rating
AM Best Financial Rating
Company Type
*The above information reflects the financial strength of the underwriter of the Farmers renters insurance policies: Farmers New World Life Insurance Company.

Contact & Additional Information

Homepage URL
Company Phone
(800) 435-7764
Headquarters Address
4680 Wilshire Blvd, Los Angeles, CA, 90010
Year Founded

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Customer Comments & Reviews

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College Station, Texas
They get away with stringing customers along because we allow it. It's time to fight back and get the coverage and respect you deserve.

Top Rated
Our Partner
10 / 10
  • Allstate Renters Insurance as low as $4 a month
  • Over 84 years of industry experience
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  • Covers fire, theft or vandalism
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  • Get an online quote or talk to an agent