Updated: December 1, 2025
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Average Annual Premium
Number of Endorsements
Number of Discounts
Farmers ranks fifth nationally for customer experience with a 4.26 out of 5 score.
With a seventh-place affordability ranking, State Farm has an average annual premium of $2,251 for $250,000 in dwelling coverage.
Farmers ranks fifth overall for coverage options, with unique choices, including guaranteed replacement and diminishing deductibles.
Farmers ranks 7th nationally out of 14 providers in MoneyGeek's analysis of the best homeowners insurance companies. Its standing reflects balanced performance across affordability, customer service and coverage quality.
The table below breaks down Farmers' MoneyGeek scores and national ranks for each category based on a sample homeowner profile, though results vary by location, dwelling coverage and other factors.
| Overall | 4.42 | 7 |
| Affordability | 4.77 | 7 |
| Customer Experience | 4.26 | 5 |
| Coverage | 3.47 | 10 |
*Scores are based on a 2,500-square-foot home, $250,000 dwelling coverage and a $1,000 deductible.
A policy with $250,000 in dwelling coverage from Farmers costs an average of $2,251 per year. Rates increase with higher coverage limits, reaching about $8,401 annually for $1 million in dwelling coverage.
Location, home age and deductible choice all affect your premium, so review the table below to compare average homeowners insurance costs with Farmers. If you're looking for cheap homeowners insurance, adjust the deductible filter to find options that fit your budget.
| $100K Dwelling / $50K Personal Property / $100K Liability | $105 | $1,254 |
| $250K Dwelling / $125K Personal Property / $200K Liability | $188 | $2,251 |
| $500K Dwelling / $250K Personal Property / $300K Liability | $375 | $4,502 |
| $750K Dwelling / $375K Personal Property / $500K Liability | $542 | $6,499 |
| $1MM Dwelling / $500K Personal Property / $1MM Liability | $700 | $8,401 |
Home insurance rates with Farmers vary widely depending on where you live, as location plays a major role in determining risk and premiums. Homeowners in Georgia pay around $2,761, while those in Utah pay $825.
Explore the map below to see where Farmers offers homeowners insurance for a policy with $250,000 in dwelling coverage and a $1,000 deductible.
Note: Data above is for states where MoneyGeek collected data. It doesn't reflect the company's availability in the state.
Farmers offers 13 homeowners insurance discounts, though availability differs depending on your state. The bundling discount lets you save when you combine your home policy with another Farmers product. Review the table below to learn more about each discount and how you may qualify.
Affinity | Available to members of qualifying professions, degree holders or armed forces personnel, including active duty, reserves, retired and honorably discharged members. |
Preferred payment | Offers savings when you pay your premium in full, in two installments or through automatic monthly payments. |
Bundling | Save 10% or more when you combine home insurance with another Farmers policy, such as auto, life or umbrella coverage. |
Claim free | Rewards policyholders who have gone three consecutive years without filing a claim. |
ePolicy | Provides a discount for going paperless and enrolling in electronic policy delivery. |
Good payer | Given to customers who consistently pay their premiums on time. |
Farmers GroupSelect | Offers exclusive savings for employees or members of participating companies or associations. |
Rent to own | Applies to renters who have held a Farmers renters policy for at least one year and switch to a home policy after purchasing a home. |
Connected home | Discount for smart homes with systems that allow remote monitoring or control. |
Home safety | Available for homes with safety features like leak detection devices, gas shutoff systems or fortified structures. |
Green certifications | Rewards homeowners with ENERGY STAR®, LEED or EPA-certified homes. |
New home | Discount may apply to homes less than 14 years old. |
Protective devices | Savings for homes equipped with fire alarms, security systems, sprinklers or UL-approved roofing materials. |
Farmers home insurance includes the six standard coverages found in most policies, protecting your home, belongings and personal liability. See below for details on what home insurance covers with Farmers and how each coverage helps safeguard your property.
Dwelling coverage helps pay to repair or rebuild your home's structure, including walls, roof and built-in fixtures, against covered perils such as fire or wind damage.
Other structures coverage applies to buildings on your property that aren’t attached to your home, like garages, fences or sheds.
Personal property coverage protects the belongings inside your home, such as furniture, electronics and clothing. It reimburses you for the value of items lost or damaged due to covered risks like theft, fire or vandalism.
Personal liability coverage helps pay for legal fees, damages or medical bills if you’re found responsible for injuring someone or damaging their property. It can also cover incidents that occur away from your home.
Medical payments coverage pays for minor injuries to guests hurt on your property, regardless of who is at fault. It can cover costs like doctor visits or ambulance fees up to the policy's limit.
Loss of use coverage helps cover living expenses if your home becomes uninhabitable after a covered event. It can pay for temporary housing, meals and other necessary costs while your home is being repaired.
Farmers sells five extra coverages (endorsements) that boost your policy's protection. Adding an endorsement changes your standard policy to cover more or plug holes your basic coverage misses.
Your state determines what you can buy, so check with a Farmers agent about local options.
Water Backup And Sump Overflow Coverage |
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Valuable Item Coverages |
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Identity Fraud Expense Coverage | Covers costs to fix identity theft, including lawyer fees and credit monitoring |
Matching Of Undamaged Property Coverage | Replaces undamaged parts of your home so new repairs match existing finishes |
Residence Glass Coverage |
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Basic Farmers policies don't cover everything. Floods, earthquakes and intentional damage aren't included. You'll need separate policies or add-ons for these situations.
Damage caused by flooding, earthquakes or other ground movement isn’t covered under a standard policy. Homeowners must buy separate flood or earthquake insurance for these types of events.
Losses resulting from intentional acts, neglect or poor maintenance aren’t eligible for coverage. Policies only apply to sudden and accidental damage.
A standard policy doesn’t cover business activities or rental operations in your home. Specialized coverage is needed to protect business property or income.
You can buy Farmers home insurance online or through a local agent who can walk you through your options. The process is straightforward and helps you get coverage that matches your home's value and needs.
Figure out how much coverage you need based on your home's rebuild costs, location and belongings. Getting these limits right means you won't be underinsured if disaster strikes.
Visit Farmers' website or call a local agent to get a quote. You'll need to provide your home's age, address and coverage preferences.
Compare different coverage amounts and optional add-ons to find what works for your home and budget. Shopping around helps you avoid overpaying or getting too little coverage.
Farmers offers discounts for bundling policies or installing safety equipment. Ask which ones you qualify for before buying.
Review your policy's coverage limits and exclusions carefully. Verify everything looks right, set up payment and activate your coverage.
File a claim online with Farmers through their mobile app or by calling your agent. The process moves quickly once you start.
Contact Farmers right after damage occurs to start your claim. You can report it online, through the app or by calling your agent.
Take photos or videos of all damage before making temporary repairs. This documentation helps strengthen your claim and ensures accurate cost estimates.
A Farmers adjuster will contact you to schedule an inspection. They'll examine the damage, verify coverage and explain what happens next.
Once approved, you'll get a settlement showing repair costs and payment amounts. Farmers can connect you with contractors to get your home repaired quickly.
Farmers earned a 4.42 out of 5 MoneyGeek score, ranking seventh nationally among 14 homeowners insurers. A policy with $250,000 in dwelling coverage costs about $2,251 per year, though your rate depends on your location, home features and deductible.
Farmers offers several ways to customize and save on coverage. Optional add-ons like water backup and sump overflow coverage or identity fraud expense protection give you extra coverage for unexpected events. You can lower costs through discounts like bundling multiple policies or signing up for ePolicy paperless billing.
Below are some common questions homeowners ask about Farmers policies and what to expect when getting coverage.
The average cost of a Farmers policy with $250,000 in dwelling coverage is about $2,251 per year. Actual rates depend on factors like your location, home age, deductible and coverage selections.
Standard policies from Farmers include the six basic coverages that protect your home, personal property and liability. This includes dwelling, other structures, personal property, liability, medical payments and loss of use coverage.
Yes, Farmers offers several optional add-ons such as water backup and sump overflow, identity fraud expense coverage and valuable item coverage. These endorsements provide extra protection beyond what a standard policy includes.
Farmers offers up to 13 discounts, though availability can vary by state. Popular options include bundling multiple policies, installing protective devices, having smart home systems or going paperless through ePolicy enrollment.
You can file a claim online, through the mobile app or by contacting your local agent. Farmers assigns an adjuster to inspect the damage, review your coverage and help you manage repairs and payments.
No, standard Farmers policies don’t cover flood or earthquake damage. Homeowners who need this protection can buy separate policies or endorsements to fill those gaps.
To evaluate Farmers’ homeowners insurance rates, we used the following sample profile:
We based our Farmers homeowners insurance rating on these factors:
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
He writes about economics and insurance, breaking down complex topics so people know what they're buying.
