Farmers home and auto bundle insurance in 2024

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For those who bundle home and auto insurance together with Farmers, the average cost of both is $4,693 per year. That’s an 18% discount on the combined annual premiums. However, rates vary and bundling isn’t always the right choice.

Insure.com has compiled all the data so you can see if it makes sense to bundle your policies with Farmers, including comparing bundle rates to other companies and what it costs to buy policies separately.

Key Takeaways

Bundling home and auto with Farmers saves, on average, 18% off of the combined annual premiums.
The average rate for auto and home bundled with Farmers is $4,693 annually.
Farmers’ rates vary by state, with the cheapest average bundle rate found in Idaho and the most expensive in Michigan.

Farmers home and auto bundle overview

The table below shows what you’ll pay, on average, if you bundle your home and auto together with Farmers. Beyond rates, there are additional things to consider to ensure you’re choosing a reputable company. The National Association of Insurance Commissioners (NAIC) complaint ratio, which shows how many complaints have been lodged against the company, is low at 0.54, below the baseline of 1.00. Farmers has an AM Best score of A which indicates excellent financial strength and ability to pay out claims.

Average bundled premium	Savings	NAIC score	AM Best score
$4,693	18%	0.54	A

Pros and cons of Farmers

Every company has pros and cons, which you should consider when comparing quotes. Here are some pros and cons for Farmers, according to our Best Home Insurance Companies and Best Car Insurance Companies study for 2024:

Pros	Cons
A high percentage of customers plan to renew	Rates are above average
Customers like the home and auto bundling discounts	Didn’t rank as highly for customer satisfaction as some other carriers
Available in all states except Florida

How much does a Farmers home and auto bundle cost?

The following table shows the cost of a home and auto bundle with Farmers in each state. The savings vary by state, which is why it’s so important to shop around.

The most significant savings are in Michigan and Nebraska, where bundling with Farmers can save more than $2,500 a year.

State	Home insurance premium	Auto insurance premium	Premium before bundle	Premium after bundle	Savings
Alabama	$2,360	$2,308	$4,668	$3,853	$815
Arkansas	$5,090	$1,898	$6,988	$5,551	$1,437
Arizona	$2,693	$2,639	$5,332	$4,180	$1,152
California	$1,677	$3,426	$5,103	$4,216	$886
Colorado	$5,824	$3,146	$8,970	$6,962	$2,008
Iowa	$2,747	$1,513	$4,260	$3,522	$738
Idaho	$1,608	$1,657	$3,265	$2,625	$639
Illinois	$3,260	$2,193	$5,453	$4,375	$1,078
Indiana	$3,454	$1,701	$5,155	$4,257	$898
Kansas	$7,139	$1,997	$9,136	$6,822	$2,313
Michigan	$3,890	$8,977	$12,867	$10,235	$2,632
Minnesota	$2,608	$2,213	$4,821	$4,042	$780
Montana	$3,545	$2,769	$6,314	$5,045	$1,269
North Dakota	$4,411	$1,670	$6,081	$5,107	$974
Nebraska	$8,003	$2,214	$10,217	$7,629	$2,588
New Mexico	$2,426	$2,197	$4,623	$3,716	$908
Nevada	$1,435	$3,173	$4,608	$3,655	$953
Ohio	$2,172	$1,536	$3,708	$3,106	$602
Oklahoma	$7,113	$2,317	$9,430	$7,800	$1,630
Oregon	$1,641	$1,981	$3,622	$2,909	$713
South Dakota	$4,317	$1,940	$6,257	$5,097	$1,159
Tennessee	$3,391	$1,623	$5,014	$4,271	$743
Utah	$1,284	$2,295	$3,579	$2,871	$709
Washington	$1,474	$2,455	$3,929	$3,588	$342
Wisconsin	$1,595	$1,827	$3,422	$2,763	$661
Wyoming	$2,315	$1,764	$4,079	$3,819	$262

States where Farmers is most expensive for bundling home and auto

The table below shows the top five states where bundling with Farmers is most expensive. While you can still get a discount, insurance policies in these states are expensive even with bundling.

Michigan is the most expensive state for home and auto insurance with Farmers. Oklahoma is a close second.

State	Bundle insurance rates
Michigan	$10,235
Oklahoma	$7,800
Nebraska	$7,629
Colorado	$6,962
Kansas	$6,822

States where Farmers is cheapest for bundling home and auto

The table below shows which states have the cheapest rates for bundling your home and auto with Farmers. Idaho is the cheapest state for home and auto bundling with Farmers.

State	Bundle insurance rates
Idaho	$2,625
Wisconsin	$2,763
Utah	$2,871
Oregon	$2,909
Ohio	$3,106

Home and auto bundle rates from Farmers in major cities

The following table shows the average cost of a home and auto bundle with Farmers in several major cities.

Location is a major factor in the cost of home and auto insurance, so the city you call home will affect what you pay. Chicago has the highest bundled premiums with Farmers.

Cities	Bundle insurance rates
Chicago, IL	$5,258
Phoenix, AZ	$4,778
San Diego, CA	$4,083
San Jose, CA	$3,858
Columbus, OH	$3,070

Farmers home and auto bundle insurance rate comparison

The following table compares Farmers to other carriers for home and auto bundling. Farmers ranks 9th for bundle pricing compared to other major carriers, with average premiums of $4,693.

State Farm has the cheapest home and auto bundling rates of $2,853 a year.

Company	Home insurance premium	Auto insurance premium	Premium before bundle	Premium after bundle
State Farm	$2,124	$1,667	$3,791	$2,853
Erie Insurance	$2,378	$1,570	$3,948	$3,332
American Family	$2,347	$1,677	$4,025	$3,340
Auto-Owners	$2,097	$1,789	$3,887	$3,417
Nationwide	$2,809	$1,611	$4,420	$3,643
Allstate	$1,743	$2,875	$4,619	$3,886
Amica	$2,131	$2,621	$4,752	$3,924
Progressive	$2,060	$2,586	$4,645	$4,245
Farmers	$3,364	$2,440	$5,804	$4,693
Travelers	$5,161	$1,823	$6,984	$6,210

Bundling with Farmers vs. buying from two different companies

The following table shows the cost of buying separate policies with Farmers and another carrier for home or auto insurance and whether you’ll save if you bundle.

“Some companies may have lower auto rates and higher home rates so that the bundle discount doesn’t actually save money. That’s where an agent comes in handy. If they know the market they can help save money by shopping it to multiple carriers,” says Jake Jones, owner of North Wyoming Insurance, an independent agency.

Bundling with Farmers generally gets you discounted rates. There are a few scenarios where buying separate policies is cheaper, however — if you buy an auto policy from Farmers and a separate home policy with either Allstate, Erie, Progressive, or State Farm, doing so will actually cost less.

Farmers home insurance with auto insurance from competitors

Company	Home premium	Company	Auto premium	Total cost
Farmers	$3,364	Allstate	$2,875	$6,239
Farmers	$3,364	Erie	$1,570	$4,934
Farmers	$3,364	Progressive	$2,586	$5,950
Farmers	$3,364	State Farm	$1,667	$5,031
Farmers	$3,364	Travelers	$1,823	$5,187
Total cost when bundled with Farmers				$4,693

Farmers auto insurance with home insurance from competitors

Company	Auto premium	Company	Home premium	Total cost
Farmers	$2,440	Allstate	$1,743	$4,183
Farmers	$2,440	Erie	$2,378	$4,848
Farmers	$2,440	Progressive	$2,060	$4,500
Farmers	$2,440	State Farm	$2,124	$4,564
Farmers	$2,440	Travelers	$5,161	$7,601
Total cost when bundled with Farmers				$4,693

Should you bundle home and auto insurance with Farmers?

Farmers has an excellent AM Best score of A and a favorable complaint score with the NAIC. Farmers also conveniently has offices throughout the country. That makes it a solid choice for home and auto insurance.

Bundling with Farmers gets you an 18% discount, for average annual premiums of $4,693. However, there are a few scenarios where buying separate policies provides more savings. For this reason and the fact that rates vary so much state to state, it’s always important to shop around for the best deal.

Frequently asked questions

Is it cheaper to have home and car insurance together with Farmers?

You will get a discount on both policies when you buy them both from Farmers. However, that doesn’t mean it’s the cheapest choice for you compared to other carriers.

Is it worth it to bundle home and auto insurance with Farmers?

Farmers gives an average 18% discount for home and auto bundling, so it’s worth bundling for many people. However, it’s always important to compare quotes for your personal insurance needs.

What our expert says

Q: Is it always cheaper to bundle?

Jake JonesOwner and agent at North Wyoming Insurance, an insurance agency.

Methodology

Insure.com commissioned home and auto insurance rates for major carriers from Quadrant Data Services in late 2023. Home insurance rates are based on $300,000 in dwelling and liability coverage and a $1,000 deductible. Auto insurance rates are based on a full coverage policy with 100/300/100 liability limits and $500 deductibles, using the sample profile of a 40-year-old male driving a 2023 Honda Accord LX with a clean driving record and good credit. Quadrant also provided average bundling discounts.