Renters insurance covers damage to your personal belongings, liability claims from neighbors, medical bills for guests who are injured as a result of an accident in your home, and additional living expenses if your dwelling is temporarily unlivable. Farmers is one such provider of this type of insurance with more than 90 years of experience in the industry, low deductibles, and unique discounts.

The This Old House Reviews team wants to make your search for renters insurance easy, so we put together this Farmers renters insurance review with details on the company’s coverage, pricing, customer service, and more.

Pros and Cons of Farmers Renters Insurance

Here are the advantages and disadvantages of Farmers renters insurance:

Pros & Cons

Pros Cons
Pros Cons
Provides a non-smoking discount Not available in all 50 states
Has over 90 years of industry experience Provides only one add-on coverage option
Offers a deductible as low as $100

Farmers Coverage

Farmers doesn’t provide a list of covered perils on its website, but here are a few events that are covered:

  • Theft
  • Fire
  • Vandalism
  • Damage by vehicle
  • Falling objects
  • Water damage not from flooding
  • Extreme weather
  • Weight of snow, sleet, or ice

Before purchasing a policy, talk to a Farmers insurance agent to get a full list of covered events.

A Farmers renters insurance policy has four parts:

  • Personal property—This protects the belongings you have in your apartment or rental home. Take inventory of your items, estimate their value, and add up the costs. You want to get at least that much coverage so that you don’t have to pay out of pocket to replace anything when a covered peril damages your belongings.
  • Loss of use—If a fire damages your apartment or a pipe bursts and causes water damage, you may be kicked out temporarily for repairs. Your policy will cover additional living expenses during that time, like the cost of a hotel room or food.
  • Liability—If you’re found liable for an event that injures a neighbor or damages their property, your policy will cover the medical or repair costs. Farmers may even pay for any legal fees if you’re sued.
  • Medical payments to others—If a guest is injured in your home, your policy will cover their medical bills.

In Virginia, here’s how much insurance coverage you can get with a Farmers renters insurance policy:

Farmers Coverage Breakdown

Area of Coverage Amount Range
Area of Coverage Amount Range
Personal property No limit
Loss of use 20% of personal property
Liability $100,000, $200,000, $300,000, or $500,000
Medical payments to others $1,000, $2,000, or $5,000
Deductible $100, $100 for theft; $250 for everything else, $250, $500, $1,000, or $2,500

Farmers Optional Coverage

The only add-on option that Farmers renters insurance offers is identity shield. However, you can purchase separate insurance policies to complement your renters insurance. These include pet insurance to protect the costs of owning a pet and umbrella liability insurance to expand your liability coverage across several policies, like renters and car insurance.

How Much Does Farmers Renters Insurance Cost?

Farmers doesn’t advertise what a typical customer pays on their website, so we got a quote using their online quote tool to give you an idea of what a monthly premium would cost. Here’s a quote for a one-bedroom apartment in Alexandria, Virginia:

Farmers Cost Breakdown

Area of Coverage Coverage Amount
Area of Coverage Coverage Amount
Personal property $25,000
Loss of use $5,000
Personal liability coverage $100,000
Medical payments to others $1,000 per person
Deductible $500
Monthly cost $29.86

To get your own quote from Farmers, have the following information ready:

  • Name
  • Address
  • Date of birth
  • Number of units in the building
  • Safety features in your home
  • Marital status
  • Gender

Customer Service and Claims Support

You can manage your Farmers policy and file a claim using the Farmers customer portal on the website or the mobile app. To talk to a Farmers agent, call 888-327-6335 for general customer service questions or 800-435-7764 for claims questions. The claims processing center is open 24/7, but the customer service line is only available Monday through Friday, from 7 am–11 pm and Saturday through Sunday, from 8 am–8 pm.

Compare Farmers to the Competition

If you’re not sure whether Farmers is right for you, compare it to other top-rated renters insurance companies below.

Compare Renters Insurance Companies

Companies Farmers Lemonade Liberty Mutual
Companies Farmers Lemonade Liberty Mutual
Known for Non-smoking discount Giveback program Over 100 years of experience
Monthly price About $30 As low as $5 As low as $5
Customer service 24/7 for claims; limited for customer service Online 24/7 for claims; limited for sales and service
BBB rating A+ B+ A+

Our Conclusion

Farmers offers standard renters insurance with loss of use, medical payments to others, liability, and personal property coverage. Not to mention, you can get a deductible that is as low as $100, while other companies only have deductibles as low as $250. You can also get a discount for not smoking in your home, which isn’t typically offered by other insurance companies.

Before purchasing a Farmers renters insurance policy, we recommend getting quotes from at least two other providers so that you can compare the coverage options and monthly premiums:

Farmers Overview

  • CEO: Jeffrey Dailey
  • Years in business: 92
  • State availability: 36
  • Address: 6301 Owensmouth Avenue
  • City/State: Woodland Hills, CA
  • Zipcode: 91367
  • A.M. Best financial strength rating: A

Frequently Asked Questions About Farmers

What states is Farmers renters insurance not available in?

Farmers is not available in Alaska, North Carolina, South Carolina, Mississippi, West Virginia, New Jersey, Rhode Island, Massachusetts, Vermont, New Hampshire, or Maine.

Why would someone want renters insurance if their building owner has insurance?

The insurance that the landlord has only protects the building, not your personal belongings. Some landlords also require renters insurance so that they are protected from liability claims.

Can I get Farmers renters insurance online?

Yes. Farmers has an online quote tool that allows you to fill in your personal information and information about your rental property. The website will give you a quote and you can choose to purchase a policy after reviewing your options—all of this takes less than 10 minutes.

To share feedback or ask a question about this article, send a note to our Reviews team at reviews@thisoldhousereviews.com.



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PAUL WALKER

PAUL WALKER

Lonely traveler, l like to explore with my camera and my laptop every part of the earth.