American Farmers and Ranchers Insurance provides policies tailored to the needs of people in rural communities. With roots going back over 75 years, they focus on auto, home, life, and specialty insurance for farming and ranching families.
In this comprehensive review, we’ll examine American Farmers and Ranchers Insurance policies, pricing, customer service, ratings, and reviews. Read on to see if their products are a good fit for your insurance needs.
Overview of American Farmers and Ranchers Insurance
American Farmers and Ranchers Insurance started as part of the Oklahoma Farmers Union in the 1940s. They officially launched as an insurer in 1949 to provide affordable coverage for farmers.
Today their key product details include:
- Headquarters: Oklahoma City, OK
- Products: Auto, home, life, business insurance and more
- Serving: Policyholders in Oklahoma, Kansas, Texas, New Mexico, and Wyoming
- Financial strength rating: A (Excellent) from AM Best
While started by and for agricultural families, American Farmers and Ranchers Insurance now serves both rural and urban customers across their coverage area. They focus on personalized local service through neighborhood agents.
American Farmers and Ranchers Insurance Policies
American Farmers and Ranchers Insurance provides all the major insurance products individuals and families need:
- Bodily injury and property damage liability
- Comprehensive and collision coverage
- Uninsured/underinsured motorist
- Medical payments
- Personal injury protection
Plus add-ons like roadside assistance and rental reimbursement.
- Dwelling coverage
- Personal property
- Additional living expenses
- Medical payments
Options like identity theft protection and replacement cost coverage on personal belongings available.
- Term life
- Whole life
- Universal life
- Final expense insurance
Life insurance coverage from $25,000 up to $1 million.
- Farm insurance
- Ranch and livestock insurance
- Commercial agribusiness
- Classic and antique vehicles
Bundling discounts available. Coverage for farms, ranches, and related agribusinesses.
In addition to standard policies, American Farmers and Ranchers Insurance agents can provide guidance on specialized products tailored for rural needs.
American Farmers and Ranchers Insurance Pricing and Discounts
As a regional insurer focused on rural areas, American Farmers and Ranchers Insurance offers very competitive pricing:
Auto insurance: Average annual premiums $500 to $2,000 based on driving history, age, location, and other factors.
Home insurance: Average yearly cost ranges from $800 to $2,500 for home and valuables coverage.
Life insurance: Sample annual rates of $150 to $1,000 for $250,000 term life policy.
Multiple discounts can help reduce your premiums:
- Multi-policy discounts for bundling
- Good driver discounts
- Senior discounts
- Anti-theft device discounts
- Long-time customer discounts
American Farmers and Ranchers Insurance pricing is affordable for most budgets while still providing quality coverage. Be sure to compare quotes if considering their policies.
American Farmers and Ranchers Insurance Customer Reviews
We looked at American Farmers and Ranchers Insurance reviews on sites like ConsumerAffairs and Clearsurance to see feedback on customer experiences. Here are highlights:
Positive experiences getting coverage: Many mention it was easy to get an affordable policy during the quote and signup process. Helpful agents.
Great customer service: Numerous reviews compliment the friendly, responsive support and service they received when policy questions came up.
Smooth claims handling: Customers who filed claims said American Farmers and Ranchers Insurance made the process simple and paid out claims fairly.
Competitive pricing: Many reviews highlight that American Farmers and Ranchers Insurance offered lower premiums than other insurers they checked.
Areas for improvement: Some customers felt rates increased a lot at renewal time. Others had poor experiences trying to get claim issues resolved.
Reviews are largely positive overall regarding American Farmers and Ranchers Insurance’s customer service, claims handling and competitive pricing on policies. There are some complaints mixed in, which is typical for most insurance providers.
Pros and Cons of American Farmers and Ranchers Insurance
Based on customer feedback, policy options, pricing, and other research, here are the key advantages and disadvantages of American Farmers and Ranchers Insurance:
- Competitive pricing and discounts
- Good customer service
- Smooth claims process
- Policies tailored for rural needs
- Strong financial rating
- Limited to 5 state coverage area
- Mixed reviews on claims handling
- Some rate increases at renewal
For farm families and rural residents looking for insurance, American Farmers and Ranchers Insurance offers specialized coverage, competitive pricing, and quality service. Make sure to compare quotes from a few insurers to find your best option.
Is American Farmers and Ranchers Insurance Right for You?
When deciding if American Farmers and Ranchers Insurance fits your needs, consider:
Your location – They only operate in OK, KS, TX, NM and WY.
Your insurance needs – Do they offer all the policies you want to buy?
Pricing – Get quotes to compare costs against other insurers.
Discounts – See if you qualify for any savings opportunities.
Reviews – Research customer feedback on their service and claims handling.
For rural families and agribusiness owners in their 5 state territory, American Farmers and Ranchers Insurance provides tailored insurance products with competitive pricing. They receive positive reviews overall for customer service. Compare quotes if considering their policies.
The Bottom Line: Should You Choose American Farmers and Ranchers Insurance?
With a long history spanning over 75 years, American Farmers and Ranchers Insurance maintains a strong focus on providing insurance to rural and farm communities. Their coverages and pricing are designed specifically for the needs of agricultural families and businesses.
Reviews indicate they provide quality customer service along with smooth claims handling. Pricing is very competitive, though some customers experienced rate hikes at renewal time. There are some negatives mixed in with reviews, as with most insurers.
For farm households and agribusinesses in Oklahoma, Kansas, Texas, New Mexico and Wyoming, American Farmers and Ranchers Insurance offers specialized insurance policies worth considering. Make sure to compare quotes against other insurers like State Farm and Nationwide as well. But their expertise serving rural needs may make American Farmers and Ranchers Insurance the right choice if you want an agent familiar with the unique risks around farming and ranching.
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