Updated: October 29, 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 offers five additional coverages, also known as endorsements, that can be added to your policy for extra protection. An endorsement modifies your standard policy to extend coverage or fill gaps where the base policy may not apply.
Availability varies by state, so check with a Farmers agent to see which options are offered in your area.
Water Backup And Sump Overflow Coverage | Helps pay for repairs when water enters your home due to a sewer or drain backup or sump pump overflow. |
Valuable Item Coverages | Raises coverage limits for high-value belongings like jewelry, artwork or collectibles that may exceed your standard personal property limits. |
Identity Fraud Expense Coverage | Reimburses expenses tied to restoring your identity after fraud, such as legal fees or credit monitoring costs. |
Matching Of Undamaged Property Coverage | Covers the cost of replacing undamaged parts of your home so repairs match after partial damage. |
Residence Glass Coverage | Waives your deductible for accidental glass breakage, such as damaged windows or sliding doors. |
Standard Farmers homeowners insurance doesn’t cover every type of loss or disaster. Events like floods, earthquakes and intentional damage usually fall outside a basic policy and may require separate protection or add-ons.
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 home insurance from Farmers online or by speaking with a local agent who can guide you through available options. The process is straightforward and helps ensure your coverage matches your home’s value and needs.
Start by figuring out how much home insurance you need based on your home’s rebuild cost, location and valuables. Understanding your home insurance coverage limits helps ensure you’re fully protected in case of a loss.
Visit the Farmers website or connect with a local agent to request a personalized quote. Provide key details about your home’s age, location and coverage preferences to get an accurate estimate.
Review the different coverage levels and add-ons available to see which best fits your home and budget. Comparing options helps you balance affordability with the protection you need.
Farmers offers multiple discounts that can help lower your premium, such as bundling policies or installing home safety devices. Ask your agent which discounts you qualify for before finalizing your purchase.
Carefully read through your policy details, including coverage limits and exclusions. Once everything looks right, confirm your payment method and activate your homeowners insurance coverage.
Filing a home insurance claim with Farmers is a straightforward process that helps you recover from unexpected damage quickly. You can start online, through the mobile app or by contacting your Farmers agent directly.
Notify Farmers right away after the incident to open your claim. You can report it online, through the mobile app or directly with your local agent.
Take photos or videos of all visible damage before making any temporary repairs. This documentation helps support your claim and ensures accurate repair estimates.
A Farmers adjuster will contact you to schedule a home inspection. They’ll assess the damage, confirm coverage details and determine the next steps for your claim.
Once the claim is approved, you’ll receive a settlement outlining the repair costs and payments. Farmers can help coordinate the repairs so your home is restored promptly and properly.
Farmers earned a 4.42 out of 5 MoneyGeek score, ranking 7th nationally among 14 homeowners insurance providers. A policy with $250,000 in dwelling coverage costs about $2,251 per year, though rates vary depending on location, home features and deductible.
Farmers also provides several ways to customize and save on coverage. Optional add-ons like water backup and sump overflow or identity fraud expense coverage offer extra protection for unexpected events. Homeowners can reduce costs through discounts such as bundling multiple policies or enrolling in ePolicy paperless billing for added convenience.
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.
