Farmers Home Insurance Discounts and Payment Methods
Farmers may not offer the most discounts among all insurers in the nation, but there are plenty of ways to save money on your insurance premiums. :
Multi-policy discounts for bundling home with other insurance products.
ePolicy discount for enrolling in ePolicy and going paperless.
UL-Approved roofing material discounts for using asphalt or fiberglass shingles.
New home discount for homes younger than14 year-old.
Protective devices discount for installing a security system, fire alarm, and internal sprinklers.
Home safety discounts for automatic gas or water shutoffs and building materials fortified for natural disaster.
Green certification discounts for using Energy Star appliances or owning a LEED certified building.
Smart home discount for installing smart home systems (only available in some states).
Preferred payment and autopay discounts.
Good payer discount for paying your bill on time.
Claims free discount for being claim free for three consecutive years or longer.
Declining deductible of $50 toward your home deductible each year you hold your insurance policy.
In addition to this list, there are several state-specifc discounts available. Be sure to speak with your Famers insurance agent to learn more about the discounts available to you.
In addition to discounts, you can lower your insurance rates in other ways. First, you can lower your coverage limits to get a lower premium. Just don’t lower it so far you have a gap in coverage between what it costs to repair or replace your home and the coverage limits you set.
Second, you can increase your deductible. That’s the amount you pay out-of-pocket before your insurance kicks in. Just don’t set it so high that you can’t cover the deductible in the event of property damage.
Bundling Home and Auto Policies
Saving with a multi-line discount is a great way to save. Farms auto policies come with accident claim forgiveness, plus you can additional coverage for new car replacement. You also get access to several discounts, including:
You can also bundle your home policy with policies for life insurance, umbrella insurance, small business insurance, and specialty insurance.
Making a payment on your home insurance policy is simple, as Farmers allows customers to call its payment center at 1 (888) 327-6335 24 hours a day, seven days a week. You can also create an account online or make a payment through the mobile app. Customers who want to mail a payment can use the following address:
PO Box 0991
Carol Stream, IL 60132-0991