Learn about Farmers Insurance, its insurance cost, phone, address, history, claims service, reviews and more.
About Farmers Insurance
Farmers Insurance Group is an American insurer group of homes, small businesses and automobiles with roughly 22,000 employees and over 50,000 independent and exclusive agents. It offers a wide range of financial services and insurance products.
This article review aims to provide you with basic details about Farmers Insurance, a popular insurer that offers many different insurance coverages. Below includes some basic information you will find useful in deciding if you want to get an insurance quote from Farmers Insurance.
Brief History Of The Farmers Insurance Company
Farmers Insurance was founded by Thomas E. Leavey and John C. Tyler in 1928 in Los Angeles, California. Leavey served as vice president, while Tyler was appointed as president. They hired a secretary and sales manager to complete the team. In 1935, a reciprocal insurer called Truck Insurance Exchange was launched to offer truck insurance.
The company launched another reciprocal insurer named Fire Insurance Exchange in 1942. It specialized in home insurance. About Farmers Insurance - Farmers acquired New World Life Insurance Company in 1953. In 1988, BATUS Inc. purchased Farmers Group, Inc. for $5.2 billion and became the only stockholder of the company's share of common stock worth 68 million.
During the California wildfires in October 2007, Farmers Insurance was one of the companies that set up facilities to help their customers. Aside from writing checks for damage claims, evacuation costs, meals and lodging, Farmers ran commercials encouraging its customers to use these facilities. The company has two buses that serve as Mobile Command Centers.
Farmers acquired 21st Century Insurance in 2009 for $1.9 billion, making it the third biggest personal lines insurer in the United States. The company has made several sponsorships over the years. One of these is the 2010 Farmers Insurance Open in Torrey Pines, California. Farmers Insurance has been sponsoring the No. 5 Chevrolet SS since 2012. The company endorses its motor-sport relationship via the Farmers Racing website.
Farmers runs TV advertisements that usually center around a fictional institution called Farmers University. The ads educate Farmers' employees about different unlikely insurance claims covered by the company.
Insurance Products Available From Farmers
Farmers Insurance offers different insurance products and services including car insurance, motorcycle insurance and recreational insurance for boats, RVs, travel trailers and ATVs.
The company also provides home insurance including renters, condominium and homeowners insurance as well as manufactured and mobile home insurance. Owners of rental and landlord properties, vacation homes and seasonal homes can get specialty home insurance from Farmers. The company also offers flood insurance via the National Flood Insurance Program.
Those who want to get life insurance can choose from universal, term and whole life insurance. There is also business insurance for medium and small-sized businesses like property and liability insurance. Commercial property and apartment owners, condominium homeowner associations, artisan contractors, retail stores, religious organizations, offices, service providers, motels, non-profit and educational organizations, bed and breakfasts, hotels and other businesses in the auto service and repair, restaurant, light manufacturing and wholesale industries can get workers compensation and commercial auto insurance.
Farmers Insurance also provides financial products and services such as variable annuities and mutual funds.
Farmers Contact Info
For more information, you can call Call 1-800-493-4917.
Corporate Headquarters:Farmers Insurance
6301 Owensmouth Avenue
Woodland Hills, CA 91367
If you want to gain more insights about the company, you can read reviews about Farmers at https://www.yelp.com/biz/farmers-insurance-group-los-angeles-28.
We hope this article on about Farmers Insurance has been informative.
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