Find Affordable Homeowners Insurance
Enter Zip Code To Get Started
In 1939, Iowa Farm Mutual Insurance Company was founded and this is where Farm Bureau Financial Services came from. At first, the company was only writing farm liability insurance but as the years went by, they expanded into personal lines coverage, including life, home, auto, and financial coverage.
This membership-driven insurance company is founded to help farmers obtain insurance coverage to meet their specific needs. They offer a huge range of products across multiple states. This review is for homeowners that are looking for affordable insurance rates, many discount options, and fast payout claims. Read more below.
Farm Bureau only provides home insurance policies for their members, which means you have to be a member first before you can purchase insurance policies to them. Anyone can be a Farm Bureau member and it is available through the State Farm Bureau office and fees depend on which state you live.
For an annual fee, the cheapest membership level typically costs $20 to $75. If you're an agricultural business owner or a worker, you can pay more to have a regular membership. Regular memberships can make you eligible to run for leadership positions and vote within the organization.
They offer affordable rates with a lot of discount options. They also have a fast payout for the claims filed by customers compared to the national average and they provide in-person customer support.
Farm Bureau claims that they provide customized coverage tailored to each homeowner's needs. They also claim that they are committed to personal customer service, they make customers' bill payments easy and quick, and that filing claims in their company will not be stressful.
Sort of. Customer complaints about Farm Bureau are lower than the national average, which would likely mean that their claims are true and that customers are truly satisfied with its service. However, there have been some negative reviews about its customer service and claims handling. They say that customer service can be hard to reach when policyholders try to file a claim and that after an initial claim, there have been several reports of cancelled policies. The best thing to do is to do more research about the company and look for more reviews to help you decide.
The company's homeowners insurance is designed for single-family homes, which provides liability, basic structure, and personal property coverage. You can also add endorsements such as Guaranteed Replacement Cost and Equipment Breakdown to your homeowners insurance policy for a broader but more expensive coverage.
The same as most home insurance companies, Alfa offers premium discounts to homeowners if they:
In the Clearsurance website, most of the customer reviews have 4 and 5 star ratings. They say that Farm Bureau has great customer service and has affordable rates. Others also said that the claims process was quick and efficient during hail storm where a lot of customers are filing claims for hail damage.
Farm Bureau is not included in the J.D. Power 2018 U.S. Home Insurance Study, unlike State Farm, Geico, and All-State. When it comes to their financial strength, A.M. Best gave the company an A or Excellent rating, which means they can really pay out claims of their homeowners, even when multiple claims are filed to them each day.
To wrap up our review, here are the advantages and disadvantages of getting homeowners insurance in Farm Bureau.
They have in-person support
Good customer reviews
Some negative reviews on customer support and claims handling
Only available in 19 states
No online quoting
Home insurance policies can be canceled for a variety of reasons. Here are some of them:
Insurance companies provide written notice to their customers before they cancel the insurance policy. Most states require 30 days of written notice prior to the date of cancellation so you will have time to shop for a new home insurance company before the current one gets canceled.
Not all insurers cover all of the 51 states. Our comparison tool offer only selected companies in your area. We may get paid if you click on affiliate links located throughout our site. The majority of the companies we review are not paying us. We do not produce any paid content and our strict editorial policy ensures that our top priority remains providing you with reliable and accurate information. Our main goal is to help you make smart choices when it comes to finding your insurer or home insurance policy. To learn more, please visit our Guarantee page.