Progressive vs farmers home insurance is one of the most common comparisons homeowners search for. Both companies rank among America’s largest property insurers. However, they take very different approaches to coverage. Progressive partners with ASI and Homesite to underwrite most policies. Farmers sells directly through its massive agent network. This difference affects your rates, claims experience, and coverage options. In most cases, your final premium depends on your home’s age, location, and claims history. Choosing between these two insurers requires looking beyond brand recognition. This guide breaks down rates, coverage, discounts, and customer satisfaction scores side by side.
Progressive Vs Farmers Home Insurance: Quick Comparison
| Feature | Progressive | Farmers |
|---|---|---|
| Average Annual Rate | $2,150 | $2,577 |
| AM Best Rating | A+ (Superior) | A (Excellent) |
| J.D. Power Score (2025) | 634/1,000 | 676/1,000 |
| NAIC Complaint Index | 1.50 | 0.54 |
| States Available | 48 + D.C. | ~40 |
| Bundling Discount | Up to 25% | Up to 20% |
| Claims Satisfaction (2025) | 697/1,000 | Below average |
| Mobile App Rating | 4.8/5 (iOS) | 4.6/5 (Android) |
The progressive vs farmers home insurance comparison reveals clear trade-offs. Progressive typically offers lower rates and stronger financial ratings. Farmers earns fewer customer complaints and provides more coverage tiers. Your best choice depends on whether price or personalized service matters more to you.
On the other hand, both companies serve millions of policyholders nationwide. Neither is a bad choice. However, the details matter when you are protecting your biggest investment.
Coverage Options: Progressive vs Farmers
Both insurers offer standard HO-3 homeowners policies. These cover your dwelling, personal property, liability, and additional living expenses. Progressive includes optional add-ons like water backup coverage, equipment breakdown protection, and personal cyber coverage. For example, their service line coverage protects buried utility lines up to $10,000. Extended replacement cost adds 10% to 50% above your dwelling limit.
Farmers takes a different approach with its Smart Plan Home system. It offers three tiers: Standard, Enhanced, and Premier. The Premier tier includes guaranteed replacement cost. This means Farmers pays the full rebuild cost even if it exceeds your policy limit. The Enhanced tier provides replacement cost on personal belongings with no depreciation.
When comparing progressive vs farmers home insurance coverage, Farmers stands out for customization. Its Eco-Rebuild benefit provides up to $25,000 toward green building materials. The declining deductible earns you $50 off your deductible each year. Progressive offers broader availability but less policy flexibility. In most cases, Progressive’s coverage depends on which underwriting partner handles your policy.
Rates and Discounts: Progressive vs Farmers
Rates are where the progressive vs farmers home insurance comparison gets interesting. Progressive averages around $2,150 per year for standard coverage. Farmers averages approximately $2,577 per year. That is a difference of roughly $427 annually. However, individual quotes vary widely based on your state and home details. Progressive’s rates can range from $1,440 to over $4,200 depending on the underwriter assigned.
| Discount Type | Progressive | Farmers |
|---|---|---|
| Multi-Policy Bundle | Up to 25% | Up to 20% |
| Claims-Free | Available | 10% |
| New Home | Up to 68% | Available (varies) |
| Protective Devices | Available | ~15% |
| Pay in Full | Available | Available |
| Paperless/ePolicy | Available | Available |
| Green Home Certification | Not offered | Available |
Progressive’s new home discount is remarkable. It reaches up to 68% for newly built homes. That is one of the highest in the industry. Many homeowners also bundle auto and home insurance to save more. You can compare auto insurance rates at Car Cover Guide to find the best pairing. Bundling typically saves 20% to 25% with Progressive.
Farmers publishes clearer discount percentages. Its claims-free discount offers a flat 10%. Protective device discounts run around 15%. Farmers also rewards green home certifications. For example, LEED-certified and Energy Star homes qualify for additional savings. Both companies reward loyalty, but Farmers makes its savings more transparent.
Claims Process and Customer Service
Filing a claim matters most when disaster strikes. Progressive offers claims filing by phone, online portal, and mobile app. Its 24/7 claims line is 1-800-776-4737. However, claims are often handled by the underwriting partner. This means your experience may vary. Progressive scored 697 out of 1,000 on J.D. Power’s 2025 claims satisfaction study. That is above the industry average of 682.
Farmers provides claims filing through its app, website, and phone at 1-800-435-7764. Typically, an adjuster is assigned within 24 hours. You can track your claim in real time through the Farmers app. However, Farmers scored below average on J.D. Power’s 2025 claims satisfaction study. Its NAIC complaint index of 0.54 is excellent though. That means Farmers receives far fewer complaints than expected for its size.
The progressive vs farmers home insurance claims experience is a mixed picture. Progressive handles claims better on average. Farmers generates fewer formal complaints. In most cases, your experience depends on the complexity of your claim and your local adjuster. Both companies offer digital tools for photo uploads and status tracking.
Financial Strength and Stability
Financial strength determines whether your insurer can pay claims after a major disaster. Progressive holds an AM Best A+ (Superior) rating. It also carries an S&P AA rating with a stable outlook. Progressive is the second-largest property and casualty insurer in the United States. It wrote over $75 billion in total premiums in 2024. The company has been in business since 1937.
Farmers holds an AM Best A (Excellent) rating. Its parent company is Zurich Insurance Group, a global insurer. Farmers is the fifth-largest homeowners insurer by market share at 5.46%. The company was founded in 1928 and employs around 21,000 people. It works with over 48,000 agents nationwide. Farmers wrote approximately $13.7 billion in property and casualty premiums.
When evaluating progressive vs farmers home insurance financial stability, Progressive has the edge. Its A+ rating is one notch higher than Farmers’ A rating. Both companies are financially sound. However, Progressive’s larger premium base provides more cushion during catastrophic loss years. On the other hand, Farmers benefits from Zurich’s global backing. Either company can reliably pay your claims.
Which Home Insurer Should You Choose?
Choose Progressive if: You want lower average premiums and competitive rates. You own a newly built home and want up to 68% off. You prefer a higher AM Best financial strength rating. You want availability in 48 states plus Washington D.C.
Choose Farmers if: You want a dedicated local agent and personalized service. You prefer tiered coverage with guaranteed replacement cost. You value a low complaint ratio of 0.54. You want unique perks like Eco-Rebuild and declining deductibles.
The progressive vs farmers home insurance decision comes down to priorities. Progressive wins on price and financial strength. Farmers wins on coverage flexibility and customer complaint performance. For budget-conscious homeowners, Progressive typically saves over $400 per year. For those wanting premium coverage tiers, Farmers’ Smart Plan system is hard to beat.
Regardless of which insurer you choose, saving on premiums frees up money for other goals. You can find bank sign-up bonuses at Bonus Bank Daily to put those savings to work. The progressive vs farmers home insurance comparison shows that both are solid choices. Get quotes from both before deciding. Your home’s specifics will determine which company offers the best value for your situation.
Frequently Asked Questions
Is Progressive or Farmers cheaper for home insurance?
Progressive is typically cheaper by about $427 per year on average. However, rates vary significantly by state and home type. For example, newly built homes get up to 68% off with Progressive. Always compare personalized quotes from both companies.
Does Farmers have better coverage than Progressive for home insurance?
Farmers offers more coverage tiers through its Smart Plan system. In most cases, the Premier tier provides guaranteed replacement cost. Progressive offers solid add-ons but depends on which underwriting partner handles your policy. Farmers gives you more control over your coverage level.
Which company has better customer service, Progressive or Farmers?
It depends on what you measure. Progressive scored higher on J.D. Power claims satisfaction at 697 versus the industry average. On the other hand, Farmers has a much lower NAIC complaint index of 0.54. Typically, Farmers’ agent network provides a more personal experience for progressive vs farmers home insurance shoppers.
Compare More Home Insurance Companies
Looking for more home insurance reviews, comparisons, and state guides? Browse our complete library of insurance resources.
Official Sources & Resources
For verified information on home insurance ratings and regulations:
- AM Best (Financial Strength Ratings): ambest.com
- NAIC (Complaint Ratios): naic.org
- Insurance Information Institute: iii.org
- FEMA (Flood Insurance): fema.gov
- J.D. Power (Customer Satisfaction): jdpower.com
Content last reviewed April 2026. If you notice any outdated information, please contact us.