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Is Farmers Home Insurance The Cheapest Policy For You

Is Farmers home insurance the cheapest policy for you? You will never know for sure unless you compare quotes from other companies. How long would it take? Just a couple of minutes to fill out a simple online form. Then all the hard work is done for you and you find the best quotes. Yes, it’s that simple. You save time and effort and, above all – lots of money!

Farmers Company Background
The Farmers Insurance Group is one of the largest insurance companies in the United States. They have a customer base of over ten million households, holding over twenty million individual insurance policies. Their insurance products are particularly popular in the west and southwest of the country. Their company headquarters are in Los Angeles, and they employ over 25000 people.
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As the name suggests, the company started by offering insurance policies to farmers. They have been operational since 1928.
They are owned by Zurich Financial Services, a gigantic Swiss financial services group with subsidiaries worldwide. The British conglomerate B.A.T. Industries initially acquired Farmers Insurance Group in 1988. The B.A.T. financial services arm merged with Zurich A.G. in 1998 to form Zurich Financial Services.
Farmers Insurance Group has been almost untouched by the global economic downturn in recent years. Their financial strength has generally been extreme. Their only low point in recent years came in 2008 as a result of Hurricane Katrina.

Farmers Company Ratings
A.M Best Company gives Famers Insurance Group a financial strength rating of A. This means their analysts believe that they have an excellent ability to meet their insurance obligations. Farmers has a good rating.
Moody’s has categorized Farmers Insurance Group’s financial strength as A2. This means that their financial security is excellent. That puts Farmers Insurance Group in Moody’s group of “high-grade companies.” This favorable rating is based on good profitability and earnings over the last five years and the support provided by the larger Zurich Financial Services group.
Standard and Poor’s have rated Farmers Insurance Group AA-, which they categorize as a very strong financial strength rating.

Customer Satisfaction
The Farmers Insurance Group has generally fared poorly on customer satisfaction surveys recently. Consumer Reports has found that the Farmers Insurance Group is very reluctant to pay out on claims. They gave Farmers Insurance Homeowners Insurance a “Worse” rating in both the “Problems with Claim” and “Delayed Payments” categories.
Farmers Insurance has had a mediocre score in the JD Power & Associates rankings of insurance companies in recent years. They have generally scored average or under.
The American Association of Justice has listed Farmers Insurance as one of their top 10 Worst Insurance Companies. They claim that Farmers Insurance claim handling policies put profits above customer satisfaction. They also claim that there is a culture in the organization of delaying claims.
Kiplinger’s Personal Finance Magazine found that Farmers Insurance had the second worse complaint-to-claim ratio in the industry.
It will be best if you can speak with customers of Farmers that you know – friends, family, and co-workers. Ask them about their experience and if they would recommend the company to you. A recommendation from a person you trust means much more than a high company rating on a corporate website.
Also have a look at Farmers Facebook and Twitter pages.

Shop Around And Compare Home Insurance Quotes
You should shop around before you buy Farmers Home Insurance. It’s the best way to be sure that you will get a good deal. You could save a significant amount on your monthly home insurance policy if you compare the options available on the marketplace.
When considering taking out a home insurance policy, getting at least three insurance quotes is wise. Make sure to consider the price and other factors such as reputation and customer service.