Is Farmers Mutual of Nebraska Good for Auto Insurance?

Last Updated on September 29, 2021

Farmers Mutual of Nebraska is one of the state’s most popular insurance companies. The company offers auto, farm, home, and umbrella insurance, among other products.

Based in Lincoln, Farmers Mutual of Nebraska insures more farms in Nebraska and South Dakota than any other insurer in the region. The company is also the largest Nebraska-based home and auto insurance company.

Is Farmers Mutual of Nebraska good for auto insurance? Should you buy car insurance through Farmers Mutual? Keep reading to discover everything you need to know about Farmers Mutual of Nebraska’s auto insurance.

Table of Contents:

What Is Farmers Mutual of Nebraska?

Farmers Mutual of Nebraska is a Lincoln, Nebraska-based insurance company. The company is the largest Nebraska-based property and casualty insurance company, protecting farm owners, homeowners, drivers, and others across Nebraska and South Dakota.

Farmers Mutual of Nebraska was founded in 1891 when a group of 22 Nebraska farmers came together to insure each other’s farms. Today, Farmers Mutual of Nebraska has grown into one of the leading mutual insurance companies in the Midwest.

Over the years, Farmers Mutual of Nebraska has maintained true to its mission of providing “security and peace of mind” to policyholders while maintaining core values of integrity and service. Like other mutual insurance companies, Farmers Mutual of Nebraska is owned by policyholders – not private shareholders.

With 1,500 agents across Nebraska and other surrounding states, Farmers Mutual of Nebraska emphasizes a local approach to insurance while offering the amenities of a large and established organization. With a financial strength rating of A (Excellent) from A.M. Best that it has maintained since 1922, Farmers Mutual of Nebraska has strong reviews from policyholders and ratings organizations alike.

Farmers Mutual of Nebraska Insurance Products & Services

Farmers Mutual of Nebraska offers auto insurance, farm insurance, home insurance, umbrella insurance, and other insurance products. The company’s core customer base is in Nebraska, although Farmers Mutual of Nebraska also insures policyholders in South Dakota.

Insurance products available through Farmers Mutual of Nebraska include:

Auto Insurance: Farmers Mutual of Nebraska offers auto insurance to meet or exceed minimum liability limits in Nebraska. You can buy minimum car insurance from the company. Or, you can buy full coverage car insurance for added protection. The company also offers medical payments coverage, uninsured and underinsured motorist coverage, and other coverage options.

Motorcycle & RV Insurance: Farmers Mutual of Nebraska offers insurance for motorcycles, recreational vehicles, and other alternative vehicles. If you already have an auto or home insurance policy with Farmers Mutual of Nebraska, then you should easily be able to add motorcycle or RV insurance to that policy.

Farm and Ranch Insurance: Farmers Mutual of Nebraska insures more farms and ranches in Nebraska and South Dakota than any other company. The company’s Farm & Ranch Policy provides a wide range of property and liability coverages and options for farmers and ranchers, giving you complete protection of your farm and ranch from fire, hail, wind, theft, loss of use, and other perils.

Home Insurance: Farmers Mutual of Nebraska offers home insurance for all types of homes, including houses, apartments, condos, and more. You can personalize home insurance coverage to meet your needs, adding property protection, personal liability protection, and other coverages up to your desired limits.

Umbrella Insurance: Umbrella insurance provides added liability limits beyond your home and auto insurance policies. If you already have auto or home insurance through Farmers Mutual of Nebraska, then you can buy umbrella insurance for added protection. You get more coverage against liabilities, protecting you from lawsuits and other potential issues.

How Does Farmers Mutual of Nebraska’s Auto Insurance Work?

Farmers Mutual of Nebraska offers auto insurance similar to other major providers serving Nebraska. Drivers can buy minimum liability insurance policies to meet Nebraska’s limits. Or, they can buy full coverage car insurance and other optional coverages for peace of mind.

Farmers Mutual of Nebraska offers the following auto insurance policies:

Liability Insurance: Like all car insurance companies in Nebraska, Farmers Mutual of Nebraska offers liability insurance to protect you in situations where you are legally responsible for injury or damage to others. The company’s liability insurance will pay any settlements or judgments up to the policy limits you have selected. Farmers Mutual of Nebraska will also provide you with a defense to any lawsuit that comes out of a covered auto accident, and the company will pay most other costs associated with investigating and settling claims against you. You can buy bodily injury liability coverage and property damage liability coverage through Farmers Mutual of Nebraska, both of which are required in the state of Nebraska.

Medical Payments Coverage: Farmers Mutual of Nebraska offers medical payments coverage to cover medical and funeral expenses for injuries arising out of an auto accident. This coverage applies if you are in a vehicle during an accident or if you are a pedestrian. Farmers Mutual of Nebraska pays regardless of fault for the accident, up to your chosen limits.

Collision Coverage: Farmers Mutual of Nebraska’s collision coverage pays to repair or replace your vehicle after a collision. Collision coverage is optional in Nebraska and all other states.

Comprehensive Coverage: Farmers Mutual of Nebraska offers comprehensive coverage to cover physical losses to your car that occur outside of collisions. It can cover breakage of glass and losses due to falling objects, fires, thefts, larceny, explosions, earthquakes, windstorms, hail storms, water events, floods, malicious mischief, vandalism, riots and civil commotions, and collisions with birds or animals, among other unexpected events. Farmers Mutual of Nebraska will pay for the amount of the loss in excess of your deductible (you pay your deductible, and Farmers Mutual of Nebraska covers the rest, up to the limits of your policy).

Uninsured and Underinsured Motorist Coverage: Thousands of drivers in Nebraska are uninsured or underinsured. Farmers Mutual of Nebraska offers uninsured and underinsured motorist coverage for added protection. If you are involved in an accident with a motorist who has no insurance or too little insurance, then you can file a claim through your uninsured and underinsured motorist coverage.

What Makes Farmers Mutual of Nebraska Unique?

Nebraskans have plenty of options for car insurance. Why choose Farmers Mutual of Nebraska? What makes the company unique? Here are some of the unique features and benefits offered by Farmers Mutual of Nebraska:

Nebraska-Based: Farmers Mutual of Nebraska is the largest Nebraska-based home and auto insurance company, covering more drivers and homeowners than any other insurer in Nebraska. If you like the idea of supporting a local company that understands your unique needs, then the Lincoln-based insurer may be the right choice for you.

Backed by 130 Years of Experience: Some insurance companies are a few years or a few decades old. Farmers Mutual of Nebraska, however, was founded all the way back in 1891 by a group of 22 Nebraska farmers. Today, the company is backed by 130 years of continuous insurance experience across the state.

Popular with Farmers: Farmers Mutual of Nebraska insures more farms in Nebraska and South Dakota than any other insurance company. The company insures farmers and non-farmers alike. However, they’re particularly popular with farmers. If you have a farm, ranch, or similar property and are looking for a company to handle all your insurance needs, then Farmers Mutual of Nebraska may be the right choice for you.

Farmers Mutual of Nebraska Auto Insurance Discounts

Farmers Mutual of Nebraska offers several small and large discounts to drivers across the state, including:

Multi-Policy Discount: If you have multiple insurance policies with Farmers Mutual of Nebraska, then you could qualify for a multi-policy discount, lowering the cost of all policies.

Multi-Car Credit: Farmers Mutual of Nebraska offers a multi-car credit discount to drivers with multiple vehicles on a single policy. If you insure two or more vehicles with the company, then you get a discount across all vehicles.

Secondary Vehicle Discount: Secondary vehicle discounts are available if you add additional private passenger automobiles to your policy.

Passive Restraint: Vehicles with passive restraints (like factory-installed airbags or other passive restraint systems) may qualify for a discount.

Driver Training: Farmers Mutual of Nebraska offers driver training discounts to drivers under 21 who have completed an approved training program.

Good Student Discount: Drivers under 25 may receive a discount if they provide proof of “satisfactory academic performance.”

Farmers Mutual of Nebraska Ratings & Reviews: What Do Customers Have to Say?

Customers generally have good things to say about Farmers Mutual of Nebraska. The company has strong ratings for claims satisfaction and customer service. Many policyholders like the idea of working with local agents and a Nebraska-based insurance company.

Farmers Mutual of Nebraska is not large enough to be ranked by J.D. Power or other major rating organizations. J.D. Power assesses the top 20 insurers in the state based on claims satisfaction as reported by policyholders who have recently made a claim.

A.M. Best has given the company an A (Excellent) rating based on its assets and liabilities. In fact, Farmers Mutual of Nebraska has maintained this rating since 1922. According to FMNE.com, only 10 property and casualty companies have continuously maintained this rating longer than Farmers Mutual.

The Better Business Bureau has given Farmers Mutual of Nebraska an A+ rating with just one customer complaint closed in the last three years.

Review aggregator websites like WalletHub have given Farmers Mutual of Nebraska an average score of 4 stars out of 5 based on 20+ customer reviews.

Final Word on Farmers Mutual of Nebraska

With 130+ years of service across Nebraska and surrounding states, Farmers Mutual of Nebraska has made a name for quality service and effective insurance. Today, the company continues to cover thousands of farm owners, homeowners, and drivers across Nebraska, South Dakota, and other states.

To learn more about Farmers Mutual of Nebraska or to request a free quote today, visit FMNE.com.

Farmers Mutual of Nebraska Contact Info
Address501 South 13th Street
Lincoln, NE 68508
Telephone800-742-7433
Websitehttps://www.fmne.com/
James Shaffer
James Shaffer James Shaffer is a writer for InsurancePanda.com and a well-seasoned auto insurance industry veteran. He has a deep knowledge of insurance rules and regulations and is passionate about helping drivers save money on auto insurance. He is responsible for researching and writing about anything auto insurance-related. He holds a bachelor's degree from Bentley University and his work has been quoted by NBC News, CNN, and The Washington Post.
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