Overview of Farmers Insurance Group
Farmers Insurance Group is one of the most prominent insurance providers in the United States, known for its wide range of insurance products tailored to both individual and commercial clients. The company’s offerings span from auto, home, and life insurance to business insurance policies designed for small and medium enterprises. Headquartered in Woodland Hills, California, Farmers has built a strong reputation in the insurance market for its customer-focused approach and vast network of agents across the country.
Types of Business Offered by Farmers Insurance
Farmers Insurance Group’s business structure is diverse, with a primary focus on the following sectors:
- Personal Insurance: Farmers is well-known for its personal insurance products, which include auto, homeowners, life, renter’s, and motorcycle insurance. These policies are designed to provide peace of mind for individuals and families, covering essential aspects of personal protection.
- Business Insurance: The company provides business insurance products that cater to a wide array of industries. These include general liability insurance, workers’ compensation, commercial auto insurance, and property insurance. Farmers also offers specialized coverages for industries such as hospitality, retail, healthcare, and professional services.
- Financial Services: In addition to insurance, Farmers offers financial products, such as retirement planning, mutual funds, annuities, and college savings plans. This branch of Farmers is aimed at helping customers secure their financial future through a range of investment and savings vehicles.
Core Business: Personal and Commercial Insurance
The primary business of Farmers Insurance Group is focused on providing comprehensive personal and commercial insurance solutions. The core offerings include:
- Auto Insurance: Farmers offers auto insurance policies that cover liability, collision, and comprehensive damage. Its policies also provide options for rideshare drivers, making it a flexible choice for those using personal vehicles for commercial purposes.
- Homeowners Insurance: This policy covers a homeowner’s property and assets, protecting against damages due to fire, theft, and certain natural disasters. Farmers offers customized coverage options to suit different property types and homeowner needs.
- Life Insurance: Farmers’ life insurance products include term life, whole life, and universal life policies, which help ensure financial security for beneficiaries in the event of a policyholder’s passing.
- Small Business Insurance: Farmers’ small business insurance includes policies like general liability and professional liability, protecting businesses from common risks associated with operating a company. This line of business is crucial, particularly as Farmers has established itself as a reliable choice for small and medium-sized enterprises.
History of Farmers Insurance Group
Farmers Insurance Group was founded in 1928 by John C. Tyler and Thomas E. Leavey, initially aiming to provide automobile insurance specifically for rural farmers and ranchers. The company began with a focus on auto insurance and, over the years, expanded its portfolio to cover a wide range of personal and commercial insurance needs.
In 2000, Farmers was acquired by Zurich Financial Services, a global insurance provider, which allowed the company to leverage global resources and expand its customer reach. Today, Farmers is one of the largest insurance providers in the U.S., with over 48,000 exclusive and independent agents and approximately 21 million policies in force. The company remains a significant player in the market, especially known for its resilience, adaptability, and comprehensive customer service.
Advantages of Choosing Farmers Insurance
Farmers Insurance offers several unique advantages that make it a competitive choice:
- Customization: Farmers allows customers to tailor their policies, providing flexibility to select coverage types and limits that meet specific needs.
- Strong Agent Network: With a large network of licensed agents across the United States, Farmers offers personalized service, enabling customers to have one-on-one guidance for selecting policies and filing claims.
- 24/7 Customer Service: Farmers provides round-the-clock customer support, allowing policyholders to receive assistance whenever needed, especially beneficial for claims handling.
- Claims-Free Discount: Farmers rewards customers with discounts on their premiums for maintaining a claims-free history, making it a cost-effective choice for careful drivers and homeowners.
- Diverse Product Range: From personal to business insurance and financial services, Farmers offers a wide range of products, making it a one-stop-shop for many customers’ insurance and financial needs.
Contact Information
To reach Farmers Insurance Group or inquire about specific services, here is the main contact information:
- Headquarters: Farmers Insurance Group, 6301 Owensmouth Avenue, Woodland Hills, CA 91367, USA.
- Customer Service: 1-888-327-6335 for general inquiries, available 24/7.
- Claims Assistance: For claims support, customers can call 1-800-435-7764 to reach Farmers’ dedicated claims team.
- Website: www.farmers.com
For customers preferring in-person support, Farmers maintains a large network of local agents. You can find an agent near you through their website’s agent locator tool.