Farmers Insurance Group started to offer its services in 1928, and like any other insurance companies they diversified their services to meet the growing needs of its market.
One of the major leaps Farmers Insurance did in the last 20 years was its acquisition of Foremost Insurance Group. Foremost is the leader in providing insurance coverage for mobile homes and specialty dwellings, and this development ignited Farmers’ increase of coverage significantly. To date, the company is manned by more than 18,000 employees with offices strategically located in different areas in 40 states.
While Farmers Insurance mainly focuses its force in home and property insurances, they also offer travel insurance for extended trips as well. Their life insurance plans range from the traditional to whole life protection policies. Sales are made mostly by its dedicated employees but a slow growth in independent sales agents are kicking off.
Right now, the company has not invested much in its online sales and claims programs. While you can get quotes from their website, many of its services are designed to cater to the needs of existing policyholders and not to gain new ones. Nevertheless, Farmers Insurance is still rated as one of the best insurance companies delivering major product lines such as auto and home insurance coverage.
In addition, they have expanded considerably to cover various plans covering the fields of housing, real estate, industrial and commercial businesses all tailored to suit the specific needs of each company. For employees, a wide range of health and life insurance are available too.
All in all, Farm Insurance is a one company that fits all and can cover from a simple family insurance needs to small and big companies likewise. These extensive services allow Farm Insurance to able to meet the growing demands of the market.
For savings, Farmers insurance offers plans that include:
- 529 College Savings Plans
- Coverdell Educational Savings
- Individual, Joint, and Corporate Savings