Farmers Insurance Group is the seventh-largest auto insurer in the US. Known for their local agent model and "We know a thing or two because we've seen a thing or two" tagline, Farmers offers solid coverage — but at prices that often exceed competitors. Here's how to bring your rate down.
6 Ways to Save on Farmers Insurance
1. Bundle Everything
Farmers' multi-policy discount is among the most generous in the industry:
- Auto + home: 10-20% off both
- Auto + renters: 5-15% off auto
- Add umbrella policy: Additional bundle discount
2. Ask About Signal by Farmers
Farmers' telematics program tracks your driving via a mobile app. Safe drivers can earn up to 30% off. Unlike some competitors, you can see your score before it affects your premium, giving you time to improve your habits.
3. Stack All Available Discounts
- Good driver: No violations or accidents for 3+ years
- Defensive driving course: 5-10% off
- Good student: Under 25 with a 3.0+ GPA
- Multi-vehicle: 2+ cars on one policy
- Anti-theft device: Alarm, GPS tracker, or VIN etching
- Homeowner: Even if your home is insured elsewhere
- Loyalty: Increases with each year of tenure
- Autopay: Small discount for automatic payments
- Away at school: Discount if a student driver is away at college without a car
4. Talk to Your Local Agent
Farmers operates through exclusive agents who know your policy inside and out. Call your agent directly for a policy review — they have more authority and knowledge than the call center.
5. Get Competing Quotes
Farmers tends to be more expensive than GEICO, Progressive, and State Farm. Get quotes from at least 2-3 competitors and present them to your Farmers agent.
6. Adjust Your Coverage
- Raise deductibles to $1,000 for 15-25% savings
- Drop collision on vehicles worth under $5,000
- Review and remove unnecessary add-ons
Quick Checklist
- [ ] Call your Farmers agent for a full policy review
- [ ] Ask about Signal telematics program
- [ ] Verify all available discounts are applied
- [ ] Get 2-3 competing quotes
- [ ] Consider raising deductibles
- [ ] Bundle auto + home for maximum savings
Bottom Line
Farmers Insurance typically runs 10-20% higher than budget competitors, but their discount stacking and agent model can close that gap. Most Farmers customers save $200-500/year by having a single policy review conversation with their agent.
Sources
- Farmers Insurance discount programs and Signal telematics
- J.D. Power insurance satisfaction rankings
