What Does Farmers Full Coverage Auto Insurance Cover?
Farmers full coverage auto insurance includes liability, collision, and comprehensive coverage—but the price may put some drivers off.
Written by Meaghan Branham
Reviewed by Amy Bobinger
Purchasing a Farmers full coverage auto insurance policy includes three types of coverage: liability, collision coverage, and comprehensive. Farmers full coverage policies can give you peace of mind for all kinds of risks on and off the road, but their prices are some of the highest among all providers.
When faced with the question of how much coverage you should opt for, you might be torn between low-cost, low-coverage options and more expensive plans that offer better protection. While it may seem like a car insurance policy that only meets your states minimum liability coverage requirements saves you money, it can actually be far more expensive in the long run: leaving you paying out-of-pocket for
car repairs
in many cases. For this reason, many experts recommend purchasing a full coverage auto insurance policy. To give you an idea of what to expect from Farmers full coverage, we’ve created this guide to what it covers and why it might be the best choice in
car insurance
, as well as what you can expect to pay. Compare insurance quotes from 50+ insurance companies with Jerry in under 45 seconds
Compare insurance quotes from 50+ insurance companies with Jerry in under 45 seconds
4.7/5 rating on the App Store | Trusted by 5+ million customers and 7 million cars4.7/5 app rating | Trusted by 5M+ driversWhat does Farmer full coverage insurance cover?
“Full coverage” isn't a type of insurance, really. Instead, it’s a blanket term that refers to any policy that includes these three types of coverage, at a minimum:
- Liability insurance:Liability insurance is required by law in nearly every state, so every policy should include it. This coverage kicks in to cover property damage and injury costs of other drivers if you’re involved in an accident and found at fault.
- Collision insurance:To protect your vehicle, collision insurance is what you’ll want. This can pay to repair or replace your car in the event that it’s damaged or totaled in a collision.
- Comprehensive insurance:Of course, there are plenty of circumstances that can result in car damage that don’t involve a collision. For these cases, turn to comprehensive insurance, which encompasses situations like fire, vandalism, and falling objects.
Because full coverage doesn’t have just one definition, it might look a little different from person to person. While it will always include the three types of insurance listed above, a Farmer’s full coverage policy may also include uninsured/underinsured motorist coverage (UM/UIM), personal injury protection (PIP), and MedPay.
Does full coverage really cover everything?
Full coverage covers a lot more than basic liability coverage, but it doesn’t cover everything. You may also need to purchase additional coverage for more specific needs.
A liability policy only covers the costs of the other party’s damages and medical bills if you’re found at-fault. It won’t cover damages to your car or your own injuries—and it won’t be able to help you if you aren’t at fault but the other driver doesn’t have the required liability to help.
Full coverage includes collision and comprehensive insurance, which means you can file a claim with your provider for your own car.
Other types of Farmers auto insurance coverage
Type of coverage | Description |
|---|---|
Uninsured motorist coverage can cover medical bills and lost wages for you and your passengers if you’re involved in an accident with an uninsured driver who is at-fault. | |
No matter who is at fault, Medical payments (MedPay) coverage pays for costs of medical care to your and your passengers in the event of an accident. | |
Again, regardless of who is at fault, PIP coverage can cover costs of medical care and lost wages. | |
Farmer’s 24/7 roadside service coverage covers towing, tire changing, locksmith service and jumpstarts. | |
If your car is being repaired, Farmer’s rental car reimbursement coverage can pay for a rental car for up to 30 days. | |
Anyone who drives for Uber or Lyft can utilize this coverage, which offers extra protection for rideshare drivers. | |
Loss of Use | If your car is in the shop but you don’t want to rent one, loss of use coverage provides a flat sum for public transit, rentals, taxis and rideshare services. |
Guaranteed Value™ | Especially popular for classic and collector cars, this coverage pays an agreed-upon value if your car is a total loss. |
Customized equipment | Anyone covered by comprehensive and collision insurance through Farmers will also get customized equipment coverage to repair or replace aftermarket equipment. |
Glass deductible buyback | Glass deductible buyback covers the repair and replacement of windshields and glass with a $100 deductible. |
Spare parts coverage | Also a hit among classic and collector car owners, this insurance covers the cost to replace spare parts you keep on hand, up to $750. |
If your car is totaled within the first two model years or 24,000 miles, this coverage can replace your car with a new one of the same make and model. | |
When you opt for Farmers accident forgiveness, Farmer’s will forgive one at-fault accident for every three years you go without one. | |
Original Equipment Manufacturer (OEM) | For cars less than 10 years old, OEM coverage will count towards the cost of factory-original parts in covered repairs. |
Full windshield and glass coverage | Farmer’s full windshield and glass coverage covers repair and replacement of glass with a $0 deductible. |
Personal umbrella | If the costs of an accident exceed limits of your liability coverage, this can cover the difference. |
Compare insurance quotes from 50+ insurance companies with Jerry in under 45 seconds
Compare insurance quotes from 50+ insurance companies with Jerry in under 45 seconds
4.7/5 rating on the App Store | Trusted by 5+ million customers and 7 million cars4.7/5 app rating | Trusted by 5M+ driversFarmer’s also offers other coverage types, such as business, life, and home insurance.
Is full coverage car insurance from Farmers worth it?
Full coverage car insurance is often worth it, but it is a good idea to explore your options and available rates with other providers before settling on one.
While only liability coverage is required by law in most states, and full coverage is never legally required, it’s usually a requirement from lenders. That means if you plan on financing your vehicle, it’s definitely worth investing in.
One thing you should keep in mind, though: Farmers Insurance has some of the most expensive rates in the market. While the average cost of full coverage in the nation is around $1,992, Farmers costs around $4,652.
Benefits of full coverage Farmers car insurance
If you do spring for Farmers full coverage though, you will enjoy benefits like:
- Meeting the requirements for car loans from lenders and leasing agencies
- Having coverage for damage caused by severe weather and for theft
- Being able to recoup your losses even if your car is totaled
- Having higher liability coverage limits, in many cases
If you are planning on leasing your car, or live in an area where theft, vandalism, or severe weather are common, consider full coverage for some peace of mind.
Drawbacks to full coverage Farmers car insurance
There are a few cons to full coverage insurance through Farmers, including:
- Full coverage—especially through Farmers—is more expensive than basic liability insurance
- You will have to pay deductibles before you can claim benefits on collision or comprehensive coverage
- Your premiums will increase after a claim
If it's the extra cost that’s stopping you from opting for full coverage Farmers Insurance, you can look into the discounts they offer to see if you might be able to significantly bring the costs down. If the rates are still a bit too high, shop around with different providers, as many of them have lower full coverage policy costs.
Does Farmers have the best full coverage auto insurance?
Farmers doesn’t have the best full coverage in the nation—but that’s because the best full coverage for you will depend on your needs, circumstances, and the rate you’re looking for.
What can make your Farmers full coverage more favorable? The deal you get on it. The rates of your Farmers Insurance are affected by personal factors, like your age, gender, location, credit score, driving record, and more. If you have a great credit score and a clean driving record, for example, you’re likely to get the best rate from Farmers.
Farmers does have a good reputation, though, with an A rating and accreditation from the Better Business Bureau, as well as high financial strength ratings. If you’re considering Farmers, you’ve made a good choice—but you still should shop around a bit before taking the plunge.
As a general rule of thumb, you should gather quotes from three to five providers when comparison shopping. You can do this by getting in touch with specific providers or insurance agents, or by using a broker app which can help you compile and quickly compare rates from several companies.
The bottom line
Farmers Insurance provides full coverage car insurance that can give you peace of mind and protection from a wide range of incidents. The only drawback? Farmers also has some of the highest car insurance rates in the nation. While adding full coverage to your car is a wise choice, it’s also worth doing some comparison shopping to make sure you’re getting a good deal.
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FAQs
Should I keep full coverage even if I don’t have a loan on my car?
While you may have initially gotten full coverage to appease the requirements of a lease or loan, most of the time it is worth it to keep full coverage even if you have fully paid off your vehicle. This can save you from a large out-of-pocket expense if your vehicle is damaged, and protect you against
a total loss
.
What is the difference between full coverage and liability coverage?
Liability coverage only applies to the other driver, and you can only use yours if you are in an accident and found at fault. This is great to protect you from legal action, but it won’t pay for the costs of your own medical bills, lost wages, or property damage. Plus, if you aren’t at fault but the other driver doesn’t have the legally required insurance, you will be left paying out-of-pocket. Full coverage, though, includes liability, collision, and comprehensive coverage—meaning it can help with your own costs in the event of an accident, regardless of who is at fault.
What is a deductible?
A deductible, often required with collision and comprehensive claims, is the amount you are expected to pay out-of-pocket before your coverage takes over and pays the balance.
