Farmers Renters Insurance Review

Farmers cost more than the national average, but its standard policy includes Identity Shield and add-on options most competitors either charge separately for or don't sell at all.

Find out if you’re overpaying for renters insurance.

Written by Mark Fitzpatrick

Updated: September 24, 2026

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Farmers

MoneyGeek Rating

2.7/ 5

1.6/5Affordability

3.8/5Customer Experience

3.9/5Coverage Options

National Rank (Standard Coverage)
45
National rank (High-Value Coverage)
26

pros
- Identity Shield included as standard, up to $1,500 at no extra cost
- Coverage options score 3.9/5, near the top of the 56-carrier field
- Customer experience score 3.8/5, above the field average
- Add-ons available: water backup, earthquake and scheduled personal property
- Non-smoker discount for households smoke-free two or more consecutive years
- Local agent access for policy questions and claims support
cons
- Affordability score 1.6/5, near the bottom of the 56-carrier field
- J.D. Power 2025: below-average satisfaction; claims experience varies by agent
- Not available in 10 states or Washington, D.C.
- Some discounts, including occupation, vary by state
MoneyGeek recommends Farmers for renters who already carry Farmers auto insurance or who need coverage for high-value belongings above what most standard policies offer. Its coverage options score of 3.92 out of 5 holds across every coverage tier in MoneyGeek's 56-carrier analysis, and its national rank climbs from 45th to 26th when personal property coverage reaches $250,000. At claim time, long-term policyholders with an established local agent relationship consistently report better outcomes than those who are newer to the company.

Key Takeaways

Farmers costs more than most renters insurers and that gap is real, but it narrows if you already have Farmers auto insurance.

The standard policy includes Identity Shield at no extra cost, covering up to $1,500 toward identity theft recovery. Most competitors charge extra for it or don't offer it.

Coverage quality is above average, but Farmers is not the right call if price is your main criterion and you're not bundling.

Is Farmers Renters Insurance Worth It?

Farmers renters insurance is worth it if you're an existing Farmers auto customer or insuring high-value belongings. For everyone else, the premium is above market without enough payoff to justify it.

MoneyGeek scores Farmers 2.7 out of 5, ranking it 45th out of 56 carriers. Affordability is 1.6 out of 5, pulling the overall score down.

Farmers scores above average for coverage quality, with coverage options at 3.9 and customer experience at 3.8, but those marks do not justify the premium unless there is a specific reason to pay more than competitors charge. Bundling renters with Farmers auto insurance narrows the price gap, and the value proposition improves at higher coverage tiers, where Farmers ranks 26th out of 56, and both the add-on menu and pricing become more competitive.

HOW MONEYGEEK SCORES RENTERS INSURERS

What Farmers Renters Insurance Covers

Farmers' coverage options scored 3.9 out of 5 in MoneyGeek's analysis, near the top of the 56-carrier field. The standard policy includes two features most competitors exclude: Identity Shield and refrigerated food coverage.

MONEYGEEK EXPERT TIP

Farmers' rates for renters with poor credit run below the industry average, which isn't typical for major insurers. If your credit score is a factor, get a Farmers quote before ruling it out on price.

Farmers Renters Insurance Discounts

Farmers offers seven discounts on renters insurance. The multi-policy discount has the most potential impact on your premium; all discounts vary in size and availability by state.

If you're unsure where to start, ask your Farmers agent for the bundled auto and renters rate first. In some states it's the difference between Farmers being above market and competitive.

Farmers Renters Insurance Claims

MoneyGeek scores Farmers' customer experience 3.8 out of 5, above the field average, based on a favorable national NAIC complaint ratio. J.D. Power's below-average satisfaction rating and consumer reviews narrow that picture: Farmers resolves formal disputes well but doesn't always make the process easy for policyholders.

California renters should weigh a separate data point. The state's 2025 Consumer Complaint Study ranked Farmers Insurance Exchange 48th out of 50 insurers, with 40.2 justified complaints per 100,000 exposures, a meaningfully worse result than the national picture suggests.

Before you file, save your claims number (800-435-7764) with your policy number and document your belongings with photos and receipts. Incomplete initial submissions are the most common reason claims get pushed back at Farmers, per consumer review patterns. A local agent who stays involved through the process is the factor long-term customers most consistently credit for smooth outcomes. Ask your agent directly how they handle active claims before you commit to a policy.

MONEYGEEK EXPERT TIP

If you're evaluating Farmers specifically for its bundling discount, get the combined auto and renters quote before accepting either policy separately. The discount varies by state and coverage combination, and in some markets it's enough to bring Farmers' renters premium in line with cheaper standalone alternatives.

How to Contact Farmers Insurance

Farmers offers six ways to reach its team, depending on what you need.

Phone (General): 888-327-6335 / Weekdays 7 a.m. to 11 p.m. CT, weekends 8 a.m. to 8 p.m. CT
Phone (Claims): 800-435-7764
Text (Claims): REPORTCLAIM to 29141
Online: farmers.com account portal
Mobile App: iOS and Android — billing, policy documents and claims tracking
Local Agent: Contact your assigned agent directly for policy questions and claims support

What Customers Say About Farmers Insurance

Farmers' customer experience score of 3.8 out of 5 in MoneyGeek's analysis reflects a company that handles formal complaints well on paper. What it doesn't capture is how that experience varies in practice.

Long-term policyholders who've carried a Farmers policy for a decade or more consistently describe stable premiums and agents who stepped in when something went wrong. The agent relationship drives almost every positive account. If you've had the same Farmers agent for years, that relationship is a real asset when you need to file.

Newer customers or those who've recently filed a claim report a different experience. Post-claim rate increases that outpaced the payout come up often, as does a sense that the agent who sold the policy wasn't available when it mattered most. Before you commit to a Farmers policy, ask your agent directly how they handle active claims and how reachable they are outside of business hours. The answer tells you more about your likely experience than any aggregate score will.

Who Should (and Shouldn't) Choose Farmers Renters Insurance

CHOOSE FARMERS IF YOU:

Already have Farmers auto insurance. The multi-policy discount can close the premium gap enough to make Farmers competitive with lower-priced standalone alternatives. Get the bundled rate before comparing quotes elsewhere.
Want identity theft coverage at no added cost. Identity Shield is built into the standard policy at $1,500 in coverage. Most competitors don't include comparable coverage without an extra charge.
Prefer a local agent relationship. If you want a contact who can answer coverage questions and advocate during a claim, Farmers' agent network is structured for that. It matters most for renters who've had poor experiences with call-center-only insurers.
Need add-ons like water backup or earthquake coverage. Farmers' endorsement menu is broader than most competitors', and both options are available.
Live in a smoke-free household for two or more years. The non-smoker discount is specific enough to Farmers that it's worth checking against quotes from competitors.

DON'T CHOOSE FARMERS IF:

Price is your primary criterion and you're not bundling. State Farm averages $110 per year and Lemonade $118 per year for comparable $30,000 coverage, well below Farmers' $202 average. Without bundling math, the price gap is hard to justify.
You want a fully digital experience. Farmers' model is built around agent relationships. If you'd rather manage everything through an app without agent contact, Lemonade is a better structural fit.
You rent in one of the states where Farmers doesn't sell coverage. Alaska, Delaware, Florida, Hawaii, Maine, New Hampshire, Rhode Island, South Carolina, Vermont and West Virginia are all excluded, as is Washington, D.C.
You've received a sharp premium increase after a prior Farmers claim. Consumer review patterns show post-claim rate adjustments are a repeated concern. If you're already in that situation, run comparison quotes before your next renewal.

Farmers Renters Insurance vs. Other Providers


Farmers	Bundling with auto, high-value belongings, agent access	Above-average cost; strongest add-on menu in the group
State Farm	Price, customer satisfaction ratings	Lower cost for standard coverage; fewer specialized add-ons
Lemonade	Digital-first experience, low-cost standard coverage	No local agent; limited endorsement options
Allstate	Existing Allstate auto customers exploring bundling	Mid-range cost; coverage scope comparable to Farmers

Choose Farmers when coverage depth and a local agent relationship matter more than price. If price is the deciding factor, both State Farm and Lemonade cost less for comparable standard coverage.

How to Get Farmers Renters Insurance

1
Estimate your personal property value
Do a room-by-room walkthrough and note your electronics, furniture and any single item worth more than a few hundred dollars. That figure becomes your personal property coverage limit. Underestimating it leaves a gap at claims time.
2
Choose your quote method
You can quote online at farmers.com or through a local agent. Online is faster. The agent route is better if you have questions about add-ons or want to understand the bundling discount for your specific state.
3
Ask for the bundled rate
If you already carry Farmers auto insurance, request the combined auto and renters quote explicitly. It may not be the first number your agent shows you, and it's the figure that determines whether Farmers is competitively priced for your situation.
4
Review your coverage before buying
Confirm your personal property limit, liability limit and deductible before finalizing. Check whether add-ons like water backup or scheduled personal property apply to your building or belongings.

Bottom Line

Farmers scores 2.7 out of 5 with MoneyGeek, and it's worth it if you're already bundling with a Farmers auto policy or insuring high-value belongings. Outside those two cases, the premium is above market and cheaper alternatives cover the basics just as well. If you're on the fence, get the bundled quote first, since that determines whether Farmers makes financial sense for your situation.

Frequently Asked Questions

Farmers costs above the national average for most renters. Your rate depends on your location, coverage limits, claims history and credit score where state law allows it. The fastest way to see your number is to request a personalized quote directly through Farmers or a local agent.

Farmers renters insurance is worth it if you're an existing Farmers auto customer or insuring high-value belongings. MoneyGeek scores it 2.7 out of 5 overall, with coverage options at 3.9 and customer experience at 3.8, both above the field average. Cost pulls the overall score down. If price is the deciding factor and you're not bundling, cheaper alternatives get you most of what Farmers offers.

Yes. A Farmers renters policy covers theft of personal belongings both inside your apartment and away from home. If your laptop is stolen from your car or your bag disappears at a hotel, that loss is covered subject to your policy limits and deductible. For high-value items like jewelry or collectibles, ask about scheduled personal property coverage since the standard policy's per-item limits may not cover them fully.

Identity Shield covers up to $1,500 toward identity theft recovery: document replacement fees and lost wages from time spent resolving the fraud. It's included in the standard Farmers renters policy at no added charge. You can upgrade the limit and expand its scope through an optional endorsement.

Farmers covers sudden, accidental water damage such as a burst pipe or an overflowing appliance. It doesn't cover flood damage from external water sources, which requires a separate policy. Damage from a backed-up drain or a failed sump pump isn't in the standard policy, but Farmers sells water backup coverage as an optional add-on.

Yes. Bundling with a Farmers auto, life or umbrella policy qualifies you for a multi-policy discount. The amount varies by state. If you're already a Farmers auto customer, ask for the combined rate before comparing standalone quotes elsewhere. That number is what determines whether Farmers is competitively priced for your situation.

How We Evaluated Farmers: Farmers is included in MoneyGeek's renters insurance scoring database. Affordability scores reflect MoneyGeek's proprietary rate analysis. Scores for affordability, customer experience and coverage options reflect a standard profile: good credit, adult renter (26 to 64), apartment or condo, $50,000 in personal property coverage, $100,000 in liability coverage and a $500 deductible. Coverage details come from farmers.com directly. Complaint data draws from the NAIC's annual complaint index.

Read MoneyGeek's full renters insurance methodology.

About Mark Fitzpatrick

Mark Fitzpatrick is a licensed Property and Casualty (P&C) Insurance Producer and MoneyGeek's resident expert in insurance and economics. In nearly a decade covering the insurance market at LendingTree and MoneyGeek, he's analyzed hundreds of carriers and millions of rates across auto, home, renters, health and life insurance.

His work has appeared in The Washington Post, The New York Times and NPR. He draws on independent cost and consumer experience data, and no insurance company partnerships affect his recommendations.

Mark studied at Boston College and later earned a master's in economics and international relations from Johns Hopkins University. He worked in financial risk management at State Street before joining MoneyGeek. He's also a five-time “Jeopardy!” champion.

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Sources

Forbes Advisor. "Farmers renters insurance review 2026." Accessed October 10, 2026.
J.D. Power. "2025 U.S. home insurance study." Accessed October 10, 2026.
California Department of Insurance. (2025). "2025 consumer complaint study: Homeowners." Accessed October 10, 2026.
National Association of Insurance Commissioners. "Consumer complaint data." Accessed October 10, 2026.