Auto Insurance for Farmers

While farmers often drive commercial vehicles, such as tractors or trucks, they also need personal auto insurance. Auto insurance for farmers doesn’t need to ruin their monthly budget. Read our guide to learn more about coverage rates for farmers, as well as how being a farmer can change how auto insurance coverages costs.

To start finding cheap auto insurance rates as a farmer right away, enter your ZIP code in our free tool above.

Auto Insurance for Farmers: How Occupation can Change Your Rates

How does being a farmer tie into the auto insurance rates you receive? Most people are surprised to learn that their occupation matters to insurers, as there initially seems to be no connection between occupation and auto insurance.

There are a number of reasons why being a farmer might affect what you pay for auto insurance, as jobs are shown to correlate with crashes. Some of the reasons that your occupation may impact your rates are:

• Level of stress associated with work.
• Time spent traveling for work.
• Time of day or night spent traveling.
• Job correlation with distracting activities.

All of these factors tie into risk. While a high-risk job doesn’t mean you need high-risk auto insurance, your rates may increase or decrease as insurers see fit. For example, if you have a job as a doctor, you may be working long, stressful shifts, traveling late at night or early in the morning, and be distracted by pagers in the car. All for these factors could raise the risk of you crashing your vehicle and filing a claim.

As a farmer, you may be working longer days caring for livestock or fields and driving odd hours. On the plus side, you may be driving on less occupied roads. Insurers will take these factors and existing data into consideration when they determine your rates.

 

Should I tell my insurer if I change jobs?

If you decide to give up the farming life or have recently become a farmer, you are required to tell your insurer. If you don’t, your next claim could be refused.

Intentionally withholding or misrepresenting information counts as a form of insurance fraud. Insurers take this seriously; according to the Insurance Information Institute (III), fraud costs the insurance industry an estimated $40 billion per year.

You definitely want to tell your insurance company that you got a new job sooner rather than later. Otherwise, you risk being dropped by your insurer. However, unless you have a dramatic change in your career, your rates should stay the same.

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Auto Insurance Rates for Farmers

How much does auto insurance cost for farmers?

According to a quote from Geico, the average insurance rate for a farmer is $1,895.80 a year. This means it will cost $947.90 for a six-month policy, or $157.98 a month.

Read on to learn more about how companies calculate auto insurance rates for farmers, so you can find the best farmer’s insurance for you.

 

Does your annual mileage affect your rates as a Farmer?

Yes, how far you drive every day for work will affect how much you pay for coverage. The longer you are on the road, the higher the risk is that you will get into a collision. The following table details how commutes can affect the rate you pay with different insurers, based off of rate data from Quadrant.

Having a longer commute could cost you an average of $89 a year, or $7 a month. Overall, this is not a drastic effect on the price of farmers’ insurance policies.

Which companies offer discounts for farmers?

A discount offered specifically for farmers is the farm vehicle discount. This discount applies to vehicles that are only driven a short distance in one area. Take a look at the table below to see which companies offer a farm vehicle discount.

This list may seem short, but farmers can also qualify for multiple other deals, such as safe driver discounts or multiple policy discounts.

Can a college education affect auto insurance rates for farmers?

Although laws vary by state, most states will allow your level of education to impact your auto insurance rates. Insurers associate education with risk, as young, teenage drivers without college degrees are more likely to get into accidents than recent college graduates.

That said, your education will only have a small impact on your rates, if at all. If you do have a farming degree, such as a degree in agriculture, farm management, or dairy science, make sure your insurance company knows. It could take a small percentage off of your final rate.

Now that you know more about auto insurance for farmers, start comparing auto insurance rates right away. Enter your ZIP code in our free tool below.

 

Frequently Asked Questions: Auto Insurance for Farmers

#1 – Does Farmers offer auto insurance?

Do not confuse auto insurance for farmers with Farmers Insurance. Farmers does offer auto insurance, as well as business, condo, life, and renters insurance.

#2 – How much is Farmers auto insurance?

On average, auto insurance for farmers is $1,895.80 a year, or $157.98 a month. As for the Farmers Insurance company, the average rate is $4,194.27 a year, or $349.52 a month.

#3 – Is Farmers a good insurance provider?

It is difficult to say, as everyone’s needs are different. The best way to find out if Farmers is the right insurer for you is to get quotes and read reviews of the company. To review your current Farmers policy, make sure you use the Farmers’ insurance policy lookup feature to compare your rates and coverages against other providers, such as Geico.

#4 – What does a farmer’s insurance full coverage policy cover?

A full coverage policy for a farmer will include liability insurance, comprehensive coverage, and collision coverage.

The best way to save as a farmer is to compare insurers’ rates. Take a look at companies like State Farm, Allstate, and Progressive auto insurance to see which is actually the best for your needs.

References:

1. https://www.iii.org/article/background-on-insurance-fraud