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Indiana Farmers Mutual offers very standard car insurance packages for liability, bodily injury, property damage, and uninsured motorist. Several good options for roadside and towing, rentals, lease/loan. Multiple discounts offered including multi-car, safe driver, and multi-policy.
Customizable offerings for home, condo, rental properties, and mobile home are available. Upgrades include increased wind protections, flood, personal property, and a number of options such as identity theft. Multi-policy discounts and discounts for dwelling upgrades.
Indiana Farmers Mutual offers both Business Owners and Commercial Package Policy for size of business considered. Commercial auto, garagekeepers, commercial property, general liability, umbrella, inland marine. Has a strong “appetite”—the industry slang for preferred coverages—for contractors, small manufacturers, and small business in general. Commercial coverage includes workers compensation options for both farm and non-farm operations.
As the company’s name implies, this is the area where the company shines.
Farm insurance is unique in many ways because the insurer is providing both personal and commercial coverage through one policy and must tailor to the circumstances.
Often a farm residence is worth less than the outbuildings, such as a barn, that may be on the property. The standard homeowner policy, typically offering a percentage of the home value as coverage for outbuildings, does not provide adequate coverage for what a farm may contain. Similarly, a farm has many issues facing a commercial business, but with either crops or livestock, may run significant additional liability risks.
With Indiana Farmers Mutual extensive history of farm coverage, it has become a company that can highly customize coverage for the largest commercial farm to the smallest homestead.
IFM coverages for both personal and commercial insurance are very competitive depending on the coverage needed. All products are offered through independent agents. Each policy is customized for the client, so higher quotes often reflect a better level of coverage than anticipated.
For farm coverage and several classes of small business, Indiana Farmers Mutual will be difficult to beat on price, level of coverage, and service.
As with any mutual insurance, though, rates can vary significantly from year to year depending on the claims paid out by the company, assets in reserve, and other factors. However, a mutual company with a long history such as Indiana Farmers is generally a good bet to keep rates consistently low compared to non-mutual competitors.
All claims information can be founder under the “Claims Center” tab of the website. All claims, except auto glass, can be initiated by calling 800-666-6460. Glass claims call 877-592-2702. You are able to report a claim online, simply fill out the form available under the same tab.
The Better Business Bureau gives Indiana Farmers Mutual an A+ rating and notes the business has been accredited since 1972. The site has zero complaints listed and only one negative review dating back to 2014.
The National Association of Insurance Commissioners also shows the company has a sterling record with zero complaints in 2017.
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For residents of Indiana, getting a quote for either private, commercial, or farm insurance from Indiana Farmers Mutual should be a no-brainer. It has long history of quality service and fair pricing that is reassuring when you are shopping for insurance.
For a list of companies that we recommend, visit our Best Insurance Companies page.