How much Auto insurance does my state require?

To ensure everyone on the road is covered in case of an accident, most states require drivers to carry a minimum amount of Liability insurance, or establish financial responsibility in some other way. Drivers must also have the ability to provide proof of insurance to register or renew a driver’s license. This is the case for cars, trucks, motorcycles, and commercial vehicles. You may want to consult with your Farmers agent and visit DMV.org to learn about your state’s unique requirements.

What can I do to lower my Auto insurance costs?

While there are a number of factors that contribute to the cost of your premium, there are some things you can do to help reduce it. The car you drive will greatly affect your premium. To lower your Auto insurance costs, you may consider switching automobiles and driving a safer, slightly older, or less valuable vehicle. The more your vehicle is worth, the more it can cost to insure it. If you don’t want to change cars, you can modify your vehicle to make it safer or lower-risk by adding anti-theft devices or features like anti-lock brakes. In addition, selecting a higher deductible and ensuring that your coverage doesn’t lapse may help you keep your Auto insurance costs down.

How do I find the lowest Auto insurance rate for me?

To find the most affordable Auto insurance policy for you, take the time to compare insurance providers to see who can save you the most money while providing you the most value. Many insurance companies combine low rates with discounts to provide lower premiums for young drivers. Farmers even offers a Good Student Discount to qualifying young drivers with good grades. And drivers who have multiple insurance policies with Farmers can bundle and save, as well. Talk to your local Farmers agent to see what money-saving tips they have for you when choosing an Auto insurance policy.

What are the different types of home insurance deductible options?

For home policies, there are three common types of deductibles:

  • A flat deductible is a specific or fixed dollar amount; for example, $2,500.
  • A percent deductible is a percentage that it is based on the home’s dwelling coverage, often called Coverage A. For example, a 1 percent deductible on a home with $150,000 dwelling coverage is $1,500, and the same 1 percent deductible for a home with $300,000 dwelling coverage is $3,000. Keep in mind that as your home’s dwelling coverage increases the calculated amount of your deductible will also increase.
  • A split deductible means there is a specific deductible that applies to some cause(s) of loss and a different deductible that applies to other causes of loss. For example, a percent deductible may apply to wind and hail losses, and a flat deductible may apply to all other causes of loss. A split deductible can be separate flat deductibles, separate percent deductibles, or a combination of both.

How is my premium affected by selecting a higher or lower deductible option?

If you select a higher deductible, you will be responsible for paying more out of pocket. However, you’ll typically pay a lower policy premium. The opposite is true if you select a lower deductible option: because the insurer will pay a larger portion of any loss, you’ll typically pay a higher policy premium.

What kind of protection do I need against liability claims?

Nothing is worse than the feeling you get when you are responsible for damage to someone else’s property or for someone else’s injuries. Your Farmers agent can assist you with your selection of coverage to help you alleviate this financial worry.

This coverage is part of your homeowners insurance policy. It protects you and your family against property damage or bodily injury claims for which you are legally responsible. Liability insurance covers you, for example, if someone slips and falls on your property or if your dog bites someone.

Today, when multimillion-dollar lawsuits are common, your homeowners policy may provide substantial liability limits, but it may not be enough. Farmers Personal Liability Umbrella is available to supplement your present policies and provides additional coverage in increments of $1 million.m.

What is Personal Liability Umbrella coverage?

Lawsuits are common today. If you accidentally injure someone or damage their property, you could be sued. And more and more, juries are awarding very large verdicts. Your homeowners, property and auto policies may provide substantial liability limits, but juries can award sums that exceed those limits.

Farmers Personal Liability Umbrella insurance acts like an umbrella, providing additional coverage on top of your auto and homeowners liability policies. It supplements your existing policies to provide additional personal liability protection.

The Umbrella policy goes into effect after the underlying liability limits on your homeowners or auto policy is exhausted. Therefore, your policy must have certain limits in order to qualify for an Umbrella policy.

Auto Insurance Liability Limits:

  • $250,000 bodily injury per person
  • $500,000 bodily injury per occurrence
  • $50,000 property damage per occurrence

Homeowners Insurance Liability Limits: $300,000

The policy provides:

  • Liability insurance that adds to the limits of your automobile, homeowners and recreational vehicle or boat liability policy limits.
  • Coverage for unknown or unexpected exposures that are excluded in typical auto, homeowners, recreational vehicle or boat liability policies.
  • Coverage for the cost of your legal defense. This includes court costs, interest on judgments and premiums on necessary bonds.

Does my liability coverage extend to vacant land I own or rent?

You may extend your personal liability coverage from your home and umbrella policies to vacant land you own or rent (depending on your state and product type).

How can I make sure that I have coverage for my valuables?

There is limited coverage available for your valuables. In most cases, you may want to consider purchasing a Personal Articles Floater, which provides coverage for your personal articles, such as jewelry, furs or fine arts, when their value is higher than the limits stated in your policy.

Is my jewelry covered by my homeowners policy?

On a homeowners policy, there is limited, standard coverage available for your jewelry. In most cases, you may want to consider purchasing a Personal Articles Floater, which provides coverage for your jewelry when its value is higher than the limits stated in your homeowners policy. Your local Farmers agent can help you when you are determining if you need to purchase Floater coverage.

Do I need to take an inventory and photographs of my belongings?

Print out and fill in this handy Home Inventory Checklist and keep it in a safe, accessible place in the event you need to file a claim.

Will I be reimbursed for additional living expenses if I cannot live in my home due to a covered loss?

If your home becomes uninhabitable due to a covered loss, we pay for those extra costs of housing, eating expenses, etc. up to the applicable limit.
Your local Farmers agent can help you when you are deciding if you need to purchase this coverage.