As a former claims handler and fraud investigator, Jason Metz has worked on a multitude of complex and multifaceted claims. The insurance industry can be seemingly opaque, and Jason enjoys breaking down confusing terms and products to help others mak.
Jason Metz Lead Editor, InsuranceAs a former claims handler and fraud investigator, Jason Metz has worked on a multitude of complex and multifaceted claims. The insurance industry can be seemingly opaque, and Jason enjoys breaking down confusing terms and products to help others mak.
Written By Jason Metz Lead Editor, InsuranceAs a former claims handler and fraud investigator, Jason Metz has worked on a multitude of complex and multifaceted claims. The insurance industry can be seemingly opaque, and Jason enjoys breaking down confusing terms and products to help others mak.
Jason Metz Lead Editor, InsuranceAs a former claims handler and fraud investigator, Jason Metz has worked on a multitude of complex and multifaceted claims. The insurance industry can be seemingly opaque, and Jason enjoys breaking down confusing terms and products to help others mak.
Lead Editor, Insurance Penny Gusner Insurance Writer and AnalystPenny Gusner is a senior insurance writer and analyst at Forbes Advisor. For more than 20 years, she has been helping consumers learn how insurance laws, data, trends, and coverages affect them. Penny enjoys translating the complexities of insurance.
Penny Gusner Insurance Writer and AnalystPenny Gusner is a senior insurance writer and analyst at Forbes Advisor. For more than 20 years, she has been helping consumers learn how insurance laws, data, trends, and coverages affect them. Penny enjoys translating the complexities of insurance.
Penny Gusner Insurance Writer and AnalystPenny Gusner is a senior insurance writer and analyst at Forbes Advisor. For more than 20 years, she has been helping consumers learn how insurance laws, data, trends, and coverages affect them. Penny enjoys translating the complexities of insurance.
Penny Gusner Insurance Writer and AnalystPenny Gusner is a senior insurance writer and analyst at Forbes Advisor. For more than 20 years, she has been helping consumers learn how insurance laws, data, trends, and coverages affect them. Penny enjoys translating the complexities of insurance.
| Insurance Writer and Analyst
Updated: Mar 5, 2024, 4:03am
Have a question we may not have answered?Ask our editors here
Have a question for Jason Metz or our other editors?
Ask here for a chance to be featured in a story.
This form is protected by reCAPTCHA Enterprise and the Google Privacy Policyand Terms of Serviceapply.
Send a note to Jason Metz, Penny Gusner and our other editors. We read every email.
By submitting this form, you agree to allow us to collect, store, and potentially publish your provided information, including name and question, in the article or any related content. You confirm that the submitted content is original, accurate, and non-infringing on any third-party rights. We may contact you via the email address provided for follow-up questions or to notify you if your question is selected for publication. See our Terms of Useand our Privacy Policy.
Thank you for submitting your question.Keep reading Forbes Advisor for the chance to see the answer to your question in one of our upcoming stories. Our editors also may be in touch with follow-up questions.
Continue readingEditorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations.
Farmers has generally high average renters insurance rates compared to its competitors in our analysis, especially for higher levels of coverage. It does have a very low level of complaints, which typically indicates good customer service.
Our ratings take into account renters insurance rates, coverage options and discounts. All ratings are determined solely by our editorial team.
Average renters insurance cost for $15,000 of coverage $146 per year Complaint level Availability All 50 statesRenters insurance is usually relatively inexpensive considering the amount of coverage you can get. Compared to competitors, Farmers’ renters insurance rates tend to be high.
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.
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.
You can file a renters insurance claim with Farmers:
Farmers sells many types of insurance, including coverage for:
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.
Get the Forbes Advisor newsletter for helpful tips, news, product reviews and offers from a name you can trust.
Thanks & Welcome to the Forbes Advisor Community!This form is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply.
I agree to receive the Forbes Advisor newsletter via e-mail. Please see our Privacy Policy for more information and details on how to opt out.
Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances. We do not offer financial advice, advisory or brokerage services, nor do we recommend or advise individuals or to buy or sell particular stocks or securities. Performance information may have changed since the time of publication. Past performance is not indicative of future results.
Forbes Advisor adheres to strict editorial integrity standards. To the best of our knowledge, all content is accurate as of the date posted, though offers contained herein may no longer be available. The opinions expressed are the author’s alone and have not been provided, approved, or otherwise endorsed by our partners.
Was this article helpful?
