Farmers Insurance Good or Bad?

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PostPosted: Mon Mar 03, 2008 10:45 pm   Post subject: Farmers Insurance Good or Bad?  

Does anyone have any experience working for or with Farmers Insurance. I ran across some anti-Farmer's websites devoted to exposing negative experiences that senior agents were having when trying to retire. There are more of these websites depicting the Farmers insurance frauds, but may be we can continue with it elsewhere. Oh, and anyone reporting good experiences, could you talk about there training program a little?



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Jamie D

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PostPosted: Tue Mar 04, 2008 3:59 am   Post subject:   

Can't say much about Farmers and their retirement issues but I did interview with them and have a pretty good insights on their hiring practices and job experiences. This is only on their claims side, not agent side, which I think is what you are looking for.

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PostPosted: Tue Mar 04, 2008 8:53 am   Post subject:   

Did you guys come across this one farmersinsurancegroupsucks.com/farmers_insurance_lawsuits.htm


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bartender05
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PostPosted: Tue Mar 04, 2008 8:57 am   Post subject:   

Some has said the following within this site:



Quote:
The Farmers Insurance Group offers an auto insurance discount called an Alternative Fuel Discount for all major types of coverage including Collision, Comprehensive and more.



It can save you up to 10% and covers vehicles which are gas-electric hybrids, electric only, natural gas only, ethanol only, methanol only and propane only.



They were the first group to do so and it's available in every state except a handful (FL, WV, SC, NJ, CT, MA and RI) according to their website at:



farmers.com/FarmComm/WebSite/html/common/hybrid_discount.html

-BeattleSeattle

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BeattleSeattle
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PostPosted: Tue Mar 04, 2008 1:01 pm   Post subject:   

Don't forget OP, there are negative websites about EVERYTHING, you'd be better served to actually drop in on a farmers agent or two and have a nice converstaion with them...I seriously doubt any would mind...(most agents like to talk! RazzLaughingWink )



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PostPosted: Tue Mar 04, 2008 9:31 pm   Post subject:   

The mentioned website contains a _lot_ of incorrect information. Also, the site owner edits posts with no mention of this being done. I've posted information, agreeing with certain things and pointing out the errors on other and my posts have been edited to remove all but the negative comments. If you noticed, Farmers sent the owner of the site a Cease and Desist letter and then owner claimed Farmers was trying to quash is right to free speech (again, the owner removes/edits posts that he does not agree with...hmmmm).

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PostPosted: Wed Mar 05, 2008 1:04 am   Post subject:   

Jamie D

tcope's latest post should tell you how reliable that particular web site is, huh? Like I said anyone can create a website, so you'd be best served by talking with some agents I think anyway.



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PostPosted: Thu Mar 06, 2008 3:59 am   Post subject:   

Farmers will be good to you if you are productive. If you are lazy, they will attempt to recover their investment. Actually, not a bad idea.

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PostPosted: Mon Sep 21, 2009 8:02 am   Post subject: Farmers Ins.  

I had a great experience interviewing at my local district office! They had a lot of good information to provide me about what to expect and the obvious hard work pays off. I am a business major with two business degrees and I understand what it takes to run a private business and Farmers is setting you up to succeed. Why else would they invest so much time and effort into new agents? I am going to call up a couple Farmers agents in my area to ask them about their experience and most likely I will sign the contract to work with Farmers.


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PostPosted: Mon Sep 21, 2009 12:22 pm   Post subject:   

I guess you're trying to run a captive agency. But it would have been great if you could share your interview experiences (at the district office). Even a couple of views might help a lot of aspiring agents at our forums.


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PostPosted: Sun Apr 25, 2010 6:35 pm   Post subject: I am happy  

Farmers Insurance is a great company to represent. I have been an agent for 9 yrs. I have no complaints about claims, service, or company being unfair. Retirement is what you put into it. If you don't save, you won't have anything when you retire. As an agent with Farmers, you are a self-employed individual. As with any business you own, you are the owner and you run your business. You get what you put into it. Hard work pays off at whatever you do. Farmers Insurance, as with any company, there will be changes. Just be open minded, work with what you have and stay positive. I do not feel 9 yrs have past and I enjoy the business. Helping others.


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PostPosted: Mon Apr 26, 2010 12:12 pm   Post subject:   

Agree 100% with the last statement. I've known many successful agents who sold for companies that others considered "uncompetitive" One common denominator was that they offered great value, service and were hard workers. Farmers are "outstanding in their field" Hah ! Had to throw that in there:)



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PostPosted: Sat Jun 12, 2010 6:13 am   Post subject: farmers  

Yes we are beautiful people bahut bahut shukriya Wink I disagree with all of you. People are the ones that are cheap when purchasing the policy, better coverages are offered but they decide they want CHEAP about it when making the decision, and than when its time to cover claims YOU are upset insurance is only paying out 5000 for the damaged property but you selected that coverage remember higher coverage was too much? Even if its like a $25-$75 difference in total premium. Or you call when you are at the side of the road and ask if you have roadside, if none than you get upset but remember when it was offered in the office and you declined it because it raised monthly installment $5? So u DECIDED not to PURCHASE. And that lady that said farmers didn't cover her rental car they provided for her when her vehicle was wrecked by an insured with farmers hmmm well duh lady YOUR liabilty/comprehensive/collision is supposed to transfer over! Oh yes, and hmmm maybe your insurance premium goes up every 6mnths because you keept getting more points on your driving record or you made changes to your policy! Same when someone hits with no insurance and you claim bodily injury, maybe you should have thought about adding uninsured motorists bodily injury UM property damage/waiver. I know this because I am an agent myslef and I see it happen ALL of the time! I LOVE Farmers they are a great insurance company. Always covers my claims asap•


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PostPosted: Mon Jul 12, 2010 10:09 pm   Post subject:   

For consumer issues this place rated Farmers poorly along with many other major insurance companies we're familiar with here in the USA.



http://www.justice.org/docs/TenWorstInsuranceCompanies.pdf



I was in their reserve agent training program and this is what I found: As a business model Farmers district agencies are making money for every head that comes through the training program so there is not enough incentive to foster a team success mentality or even have knowledgeable persons available to insure new agent sales quotas. Their district managers will get paid whether you succeed or fail. If you have some exceptional persons in your district office who want to get to know you and foster your newbie skills then you're off to a better start. All the better aspects kick in after you've sold 44 policies. You may be bilingual but the bonus won't kick in until after those 44, even if you've spent a lot of time translating their materials for them. They have meager Spanish materials I noticed.



Their customer service is delivered through 800 numbers, which is pretty typical and its a problem when a new agent doesn't make the quotas and is dropped. They'll just refer that client to the 800 number so the client isn't necessarily referred to another local agent. In fact your district office may not have people knowledgeable enough to handle a simple company re-write if it involves Life policies. Don't assume that the office can handle your Life policies correctly. Ask who is on board and if they have experience with the ins and outs of every situation involving a Life policy.



Each district office has the freedom to hire sales managers who are unlicensed with no insurance sales background so if you're new and unlucky enough to have a sales manager who is studying for his license or is ...from let's say the pharmaceutical industry sales, you have no in office help for complex questions so you can go to the 800 number and they will keep connecting you with whomever might have the best answer for your question....and they do a really great job but for a new agent this is really time consuming. The rest of your training could be a weekly sales meeting because you're expected to put in 10 hours a week on the online training, which should be followed up on by your sales manager if all goes well.



The leads in my district were over worked and we got many complaints that 10 or more agents had already phoned. Their company policy is to encourage your "natural market" and "centers of influence". So if you come in with a long history of social interactions with many different associations or have a lot of relatives and friends in the area who can become your clients it works well. It's tricky if you're a good Life sales person because in the beginning they only ask you to sell 4 life policies with stipulations but you need 40 new PC policies in 3 months (4 mos in in some districts) I could have easily sold many Life policies but that's not what they want in the beginning.



Reality is: If you have 3-500.00 a month for marketing during the first 3-4 months and can work commission only, you'll make it to 44 policies to obtain their subsidy payments...which obligate you as well and are actually no interest loans.



If you're an experienced Life or Health agent coming in with an existing book of business who can cross sell Farmers PC products to those clients that works well too. If you're planning to cold call watch out....Farmers is conservative and asks you not to sell on price so many times you can't compete. CAVEAT: Senior drivers get good deals with Farmers.



When the housing market was booming Farmers ruled because the newer, the bigger the more metropolitan the location of the house-- the better the premiums...I mean nobody could beat Farmers in those situations. So if you're in a rural area with older homes.....not the greatest Farmers prospects.



Farmers likes the small fast food type restaurant with high turnover of daily customers because they rate on a square foot advantage so the Business Owners Policies are another good way to go but your district may not have a trainer or experienced business agent around so ask first.



I left the program voluntarily....I didn't like selling P&C and their underwriting process for auto and our District Office had no specialists to train us in Business or who knew enough about Life Insurance and a sales manager with no insurance experience at all.



Shocked

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PostPosted: Tue Jul 13, 2010 3:45 am   Post subject:   

Quote:
And that lady that said farmers didn't cover her rental car they provided for her when her vehicle was wrecked by an insured with farmers hmmm well duh lady...
Not sure what "lady" you are referring to. I see no mention of a denied rental in this thread.
Quote:
. I know this because I am an agent myslef and I see it happen ALL of the time! I LOVE Farmers they are a great insurance company.
I do believe that Farmers only has captive agents, no? Which would mean you are employed and paid by Farmers.



Quote:
For consumer issues this place rated Farmers poorly along with many other major insurance companies we're familiar with here in the USA.
Just another trial lawyers site. Ratings from them mean absolutely nothing.
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