Farmers Renters Insurance Review 2025

Renters insurance is usually relatively inexpensive considering the amount of coverage you can get. Compared to competitors, Farmers’ renters insurance rates tend to be high.

Company	Average annual renters insurance cost for $15,000 of personal property coverage	Average annual renters insurance cost for $30,000 of personal property coverage	Average annual renters insurance cost for $50,000 of personal property coverage	Forbes Advisor rating
State Farm	$102	$121	$153
Westfield	$136	$156	$183
American Family	$154	$189	$231
Auto-Owners	$113	$147	$196
USAA*	$116	$155	$196
Allstate	$109	$153	$215
Country Financial	$174	$201	$253
Nationwide	$129	$163	$207
Farmers	$146	$194	$263
Travelers	$244	$310	$432
Average	$143	$186	$247	--

Source: Quadrant Information Services. Rates include $100,000 in liability coverage and $1,000 in medical payments coverage.
*USAA is available only to the military, veterans and their families.

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Related: Cheap Renters Insurance

The types of problems covered by renters insurance are fairly standard:

Personal property: This pays to replace or repair your personal belongings, including furniture, electronics, clothing, jewelry, dishes, pots and pans, and even the little knick-knacks that decorate your home. Problems covered include theft, vandalism, the weight of snow and ice, explosions and fire.

Liability: This covers property damage and injuries you accidentally cause to others. For example, if a guest slips in your apartment and sprains their wrist and blames you, they might make a liability claim against you. Liability insurance also pays for a legal defense if you are sued because of an accident.

Medical payments: This coverage pays for small medical bills no matter who was at fault for the accident. For example, if a guest slips in your home and has a minor injury, they can tap your medical payments to cover the bill for a visit to the doctor’s office. Medical payment coverage is often included in a renters insurance policy and offered in small coverage amounts, such as $1,000.

Additional living expenses: If you cannot live in your home because of a problem covered by your policy (like a tornado or explosion), additional living expenses coverage can reimburse you for hotel bills, restaurant meals and other types of extra expenses you wouldn’t normally have. Make sure you keep your receipts in order to make a claim.

Farmers renters insurance includes the standard coverage types listed above, and you can also add Identity Shield. This coverage helps pay expenses associated with identity theft, such as replacing important documents. Farmers will also assist with notifying credit bureaus about the incident.

Keep an eye out for these possible discounts if you’re buying a renters insurance policy from Farmers.

• Multi-policy discount if you bundle your renters insurance with another policy from Farmers, like auto, life, or umbrella insurance.
• Non-smoker discount if your household has been smoke-free for at least two consecutive years.
• Safety device discount if you have an approved fire alarm or electronic security system.
• Occupation discount if you are a business professional such as a doctor, nurse, dentist, engineer, firefighter, police officer or teacher.

Related: Cheapest Renters Insurance of 2025

You can file a renters insurance claim with Farmers:

• Online
• Using the Farmers mobile app
• By texting REPORTCLAIM to 29141
• By calling 1-800-435-7764

Farmers sells many types of insurance, including coverage for:

• ATVs
• Boats and watercraft
• Businesses
• Cars
• Collectible vehicles
• Condos
• Houses
• Life
• Mobile and manufactured homes
• Rideshare drivers
• RVs

To identify the best renters insurance companies, we evaluated each company based on the following.

Renters insurance rates (80% of score): We scored each company’s renters insurance rates based on national averages for policies with $15,000, $30,000, $50,000, $75,000, $100,000 and $200,000 worth of personal property coverage. Source: Quadrant Information Services.

Complaints (20% of score): We used complaints about home insurance (which includes renters insurance) upheld by state insurance departments. Most home/renters insurance complaints center on claims, including unsatisfactory settlements, delays and handling of the claim. Source: National Association of Insurance Commissioners.