Lilah Butler, Car Insurance Writer
@lilah_c
Farmers Insurance is owned by the company's policyholders. Farmers is a type of insurance company called a reciprocal insurance exchange, which means that policyholders assume each other's risk, though the day-to-day management of the company is done by Zurich Insurance Group, Ltd.
Zurich Insurance Group also acts as the attorney-in-fact for Farmers. It is in charge of issuing policies, collecting premiums, and paying agents, among other things, but it does not own Farmers Insurance.
For more information about insurance from Farmers, check out WalletHub's full Farmers review.
People also ask
How do I get car insurance for the first time?
To get car insurance for the first time, decide what coverage types and limits you need and then compare quotes from at least three different companies to find the best price. You should also evaluate each company’s discounts to see which ones you might qualify for and how much you could save.
If you’re a first-time driver looking to get your own policy, you’re likely to pay around 245% more per year for minimum...
read full answer by WalletHub, Financial CompanyDoes Farmers offer full coverage insurance?
Yes, Farmers offers full coverage car insurance. Full coverage from Farmers typically includes at least a state's minimum required car insurance coverage along with collision and comprehensive insurance to protect the policyholder's vehicle.
Full coverage car insurance from Farmers costs $4,652 per year, on average, and is more expensive than a liability-only policy since it provides more coverage.
Cost of Farmers Full Coverage by Driver's Age
| Driver | Annual Cost |
| ... | $9,493 per year |
Are Farmers insurance rates competitive?
Yes, Farmers insurance rates are competitive, as the company is one of the 10 cheapest auto insurers nationally, according to WalletHub analysis. Farmers car insurance customers pay an average of $1,044 per year for coverage. Farmers' car insurance rates are based on your driving record and experience, along with factors like the type of car you drive, your ZIP code, your insurance history, and more. Your coverage and deductible choices also impact your final quote,...
read full answer by WalletHub, Financial CompanyDid we answer your question?
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