Last Updated 25 October 2018 | By:

Farmers Business Insurance Review

Are They A Good Fit For Your Company?

Farmer Business Insurance ReviewWhen you need insurance for your business, it can be difficult to know which of the many carriers is the best choice. While shopping for insurance can be a hassle, it’s one or the most important steps in the early life cycle of any business. Getting the right coverages from a company you can trust is vitally important to your success as a business owner.

Farmers has very high brand power and name recognition in the American commercial insurance industry thanks to their extensive advertising campaigns, but that doesn’t necessarily mean they’re a good fit for your company. This review will analyze Farmers’ business insurance policies to help you determine if their service is right for you.

Pros and Cons of Farmers Business Insurance


  1. Farmers offers a robust variety of commercial coverage options that are custom-tailored to suit businesses across a range of industries. You can browse their policies by industry or narrow your search down to your exact profession.

  2. Farmers maintains higher than average customer ratings across several review platforms.

  3. Farmers receives very high marks from all major ratings firms, making them a safe bet when it comes to covering your claims.

  4. Farmers Value Program has a wealth of money-saving offers through partnerships with third-party business services providers. As a Farmers commercial policyholder, you’re eligible for deep discounts from Dell, Constant Contact, Choice Screening, Pitney Bowes, and LegalZoom.

  5. With 21,000 employees and a history dating back to 1928, Farmers has the experience and expertise necessary to provide high-quality commercial insurance policies.


  1. Farmers does not offer an online quote generator. While you can request a quote through their website, this function simply sends your information to an agent who will contact you later to discuss policy options.

What Kinds of Business Insurance Does Farmers Offer?

Farmers offers a great range of business insurance policy options, from common coverages to niche policies. You can shop for policies based on specific coverage type, or by browsing their list of supported industries and professions for coverage specifically tailored to your business type. Farmers offers policies in the following broad commercial categories:

  • Property
  • Liability
  • Crime
  • Auto
  • Workers’ Compensation
  • Umbrella
  • Life
  • Loss Control


The industries they serve include:

  • Apartment Rental
  • Auto Service and Repair
  • Commercial Real Estate
  • Education and Non-Profit
  • Home and Building Service
  • HOA
  • Hospitality
  • Manufacturing
  • Office
  • Religious Organizations
  • Restaurant and Food Truck
  • Retail Stores
  • Wholesale

How Can I Get a Quote From Farmers?

Farmers does not offer an online quote generator. To receive pricing information for their policies you’ll need to speak directly with a local agent. To streamline this process, you can use the “Farmers Fast Quote” form on their website. This form will collect your relevant information so that an agent can get in touch with you regarding your policy options.

How Does Farmers Rank for Financial Strength?

When choosing an insurance carrier, it’s important to consider their financial stability and strength. When you file a claim, you never want to be concerned with your insurance carrier’s ability to cover your expenses. With Farmers, you won’t need to worry. Their financial strength ratings are strong.

A.M. Best Financial Strength Rating: A

“Assigned to insurance companies that have an excellent ability to meet their ongoing insurance obligations.”

A.M. Best Issuer Credit Rating: a

“Assigned to entities that have an excellent ability to meet their ongoing senior financial obligations.”

Moody’s Rating: A2

“Obligations rated A are considered upper-medium-grade and are subject to low credit risk.”

Standard & Poor’s Financial Strength Rating: A+

“An insurer rated A has strong financial security characteristics, but is somewhat more likely to be affected by adverse business conditions than are insurers with higher ratings.”

How Much Does Farmers Business Insurance Cost?

In general, it’s quite difficult to make fair cost comparisons among insurance providers. There are simply too many variables to consider. One provider may have a lower price for general liability insurance, while another offers cheaper property coverage. The level of benefits offered for the cost can also vary.

Generally speaking, though, while Farmers’ pricing can vary by policy, they maintain commercial insurance rates right around the industry average.

Customer Reviews

Customer reviews can be a difficult thing to qualify. It’s impossible to determine exactly which policy each reviewer holds and the specific circumstances behind their experience.

With insurance, in particular, anyone who has had to file a claim is likely dealing with a difficult situation. Still, there is value in examining how a typical customer views a company since it can give you a glimpse into their general customer support reputation.

When it comes to Farmers, the majority of the feedback they receive is positive in nature.

It’s pretty rare to see an insurance provider score as highly as Farmers does when it comes to customer reviews. Many cite reasonable prices and high-quality personal service from agents. Considering how low some of their competitors’ ratings are, customer feedback is a major positive for Farmers.

Final Thoughts

Final ThoughtsOverall, Farmers earns a score of 4.6 out of 5. Their combination of strong customer satisfaction levels, solid financial strength, and broad insurance offerings make them a great choice for a range of businesses.

They also have impressive experience and longevity and work well in tandem with other business service provides to offer convenient, money-saving options.