The Farmers Insurance Group is one of the largest, oldest, and most reputable insurance providers in the country. The company was founded in the early 1920s in California to provide business insurance to farmers, but has grown to be one of the largest consumer-insurance providers in the country. Overall, the company has received very high marks from the top rating agencies, including AM Best, Moody’s and Standard and Poors, which indicates that they have a reputation for paying out claims to consumers on a timely basis and having the financial backing to pay out some larger claims when necessary.
Farmers Insurance is well known for its life insurance options. The company’s most popular for of life insurance is its term life insurance, which is very customizable to ensure that a client receives the type of product that it needs. In each case, Farmers will complete a quick life insurance medical evaluation, which is a big part of the underwriting process. In most cases, the entire underwriting process can be completed in less than four weeks. Once approved, a client will be able to choose from a number of different term lengths, coverage levels, and other factors.
While it is more expensive than term life insurance, other customers may choose a whole life insurance policy. These policies and premiums are typically higher, but the money that is spent on the policy each month is put into an account that will then accrue interest. The owner of the policy will then be able to cancel the policy at any time and receive the cash that has accumulated.
While Farmers Insurance is well known for its life insurance, they also provide other forms of insurance. The company is one of the leading providers of homeowners insurance in the country. The company has the ability to offers insurance coverage in all 50 states. For those that live in areas that have a higher risk of calamities, such as floods or hurricanes, Farmers can provide the additional level of coverage needed to provide you with the adequate protection.
Farmers is also a leading provider of auto insurance in the country. They provide a range of different collision, comprehensive, and combined policies in all 50 states. The company is well aware of the necessary requirements are in each state and can help a customer choose the right auto insurance policy.
Overall, consumers seem to be very happy with the service that Farmers provides. The company has a very modern website, which allows a consumer to apply for policies, learn more about options, manage their account online, and review their policy at any time. Farmers also has thousands of dedicated professionals located across the country that work out of either brick and mortar stores or corporate office buildings. Consumers that are looking to save the most money on their policies should consider getting all of their insurance through Farmers to take advantage of the multi-policy discounts available.