How much do Farmers insurance agents make?

How much do Farmers insurance agents make? Is the figure higher or lower that what its main industry rivals offer? Read on and find out

How much do Farmers insurance agents make?


By Mark Rosanes

Apart from ranking among the largest home and auto insurance providers in the country, Farmers is recognized for being one of the industry’s top employers, prioritizing the health and wellbeing of its staff and implementing a range of strategies to support workers in diverse backgrounds.

The California-based insurance giant is also known for offering highly competitive employee compensation. But how much do Farmers insurance agents make? Where does the pay rank when compared to those from its industry rivals? These are just some of the questions Insurance Business will answer in this article. If you’re wondering if taking a job as an insurance agent for the company is a smart career move, then this piece can guide you in your decision. Read on and find out if working as a Farmers insurance agent is for you.

How much do Farmers insurance agents make?

Farmers’ website has some job vacancies under its sales and distribution unit, with salaries ranging from $75,000 to $116,000, depending on the experience level, policy type, and location. But the postings are too few and far between to provide a clear figure on how much Farmers insurance agents make on average.

Wage estimates from employment websites also vary, with median salaries ranging from $50,000 to $80,000, making it difficult to come up with an accurate figure. For this article, we will refer to data from this website, which also provides a city-by-city comparison. The table below shows the percentile wage estimates for Farmers insurance agents.

How much do Farmers insurance agents make – wage estimates from lowest to highest



Annual wage

Monthly wage

Weekly wage

Hourly wage


























The website’s analysis revealed that most Farmers insurance agents have average salaries between the 25th and 75th percentiles, or about $31,000 to $91,000. Figures below or above this salary range are considered outliers.

How much do Farmers insurance agents make – top-paying cities

Each state implements different rules on how insurance policies are sold and who can distribute these products. Because of this, where the policies are sold also has a major impact on how much Farmers insurance agents make. The table below lists the highest-paying cities for Farmers agents.

How much do Farmers insurance agents make – highest-paying cities

How much do Farmers insurance agents make – insurer-by-insurer comparison

How much do Farmers insurance agents make compared to agents from the insurance giant’s main competitors? The table below sums up the data Insurance Business gathered.

How much do Farmers insurance agents make – insurer comparison

Based on the list, Farmers pays insurance agents the highest salaries compared to industry rivals, offering almost $4,000 more in annual wages than second-placer Liberty Mutual and about 27% more than third-placer Travelers. Yearly salaries of Farmers insurance agents are also around 40% higher than those from the bottom three insurers.   

If you want to get a full picture of how much insurance agents make, feel free to click on the link to access our comprehensive guide.

What are the benefits of working as a Farmers insurance agent?

Farmers has been recognized as a great place to work by several award-giving bodies primarily because of its commitment to providing employees with a diverse and inclusive workplace and plenty of opportunities to give back to their communities. But these are just a few of the many benefits Farmers employees, including insurance agents, have access to.

The insurer has recently released an interactive employer brand playbook, which details several benefits that Farmers staff are entitled to. These include:

1. Health and wellbeing benefits

Farmers offers a comprehensive health and wellness package designed to support employees in different stages of their lives and careers. All eligible staff can access the following:

  • National and regional medical plans, with vision care and dental insurance options
  • Accident and life insurance
  • Short- and long-term disability insurance, including paid parental leave
  • Health saving account (HSA), which includes annual Farmers contribution when staff makes a minimum contribution
  • Flexible spending account (FSA)
  • Teladoc, a program that provides 24/7 access to board certified physicians and licensed mental health therapists online or through direct line
  • Corporate programs on mental and physical wellbeing, namely:
  1. Mindfully Fit – a program promoting mental health
  2. Farmers Fit – a total wellness program that promotes physical and social well-being
  • Employee Assistance Program (EAP) with mental health services and other resources
  • Various wellbeing programs, including virtual fitness classes, wellness challenges, and Headspace – the insurer’s meditation app

2. Work-life balance

Farmers promotes a healthy work-life balance by providing workers with the following:

  • 19 to 34 days of paid time off annually based on their tenure with the company
  • An average of 9.5 paid holidays annually

3. Support programs for families

Farmers offers working parents and growing families the following benefits:

  • 10 weeks of 100% paid parental leave to new parents
  • Access to Maven Milk, a refrigerated breast milk shipping services for travelling employees
  • Up to $5,000 assistance for each legal adoption
  • Bereavement policy, including pregnancy loss
  • Other family-focused benefits, including infertility assistance, transgender services, and applied behavioral analysis (ABA) therapy

4. Financial security programs

Farmers invests in programs that provide employees with financial security, including:

  • 401(k) savings plan: Where Farmers matches contributions dollar for dollar, up to 6% of an employee’s eligible pay, and makes an additional 4% base company contribution with a three-year vesting period
  • Short-term incentive plan (STIP): A springtime incentive program where employees receive their annual payout that is linked to a combination of individual and company performance
  • Credit union: Gives staff access to special membership perks, including 24/7 banking with free checking and savings accounts, loans with rate discounts, financial wellness checks with educational resources, and the ability to receive paycheck up to two days in advance
  • Other employee benefits: Including $1,000 referral bonus and company-wide rewards and recognition programs

5. Career development resources

Farmers offers employees several programs to help them thrive and grow professionally. These include:

  • Farmers University (U of F): Where staff can access a range of career development courses, including leadership, insurance, and sales training programs
  • MyCompany: An employee advocacy platform that helps staff build their own professional online brand with pre-curated and industry-relevant content
  • LinkedIn Learning: Access to thousands of professional development courses and videos to help employees build relevant skills and increase technical knowledge
  • Enterprise mentorship: A mentorship program that promotes skill sharing, networking, leadership, and management development
  • Tuition assistance program: Up to $5,250 in annual assistance to help employees offset college expenses, as well as full scholarship with partner universities such as University of Arizona Global and University of Phoenix
  • Internal job postings: Allows employees to pursue career opportunities within the company
  • Employee feedback: Promotes meaningful conversations with staff and their managers
  • Props!: An employee recognition program where staff can acknowledge each other’s contributions and celebrate career milestones

6. Giving-back programs

Farmers gives employees plenty of opportunities to make a difference in their communities. These are done through the following programs:

  • Disaster relief matching: Farmers set up giving campaigns and, in some instances, matches the amount employees have contributed to make it easier for staff to help non-profits working in natural disaster relief and response 
  • Farmers Insurance Open: A golf tournament with a charitable purpose
  • Community program grant: An employee-driven program aimed at supporting non-profit organizations
  • Community Champion: An annual program where Farmers recognizes one standout employee who went above and beyond with their community-giving efforts by providing a $10,000 grant to the charity of their choice
  • Benevity and volunteer incentive program: A program that provides staff with virtual and in-person volunteer opportunities, which can be done by searching the Farmers database and making contributions – the idea is to allow employees to give to charity wherever they are or no matter what their schedules are like  

One important thing to take note of is that these benefits are not exclusive to Farmers insurance agents. All eligible employees of the home and auto insurance giant have access to these types of benefits. If you’re not keen on being an insurance agent, there are still plenty of job opportunities you can pursue within the company, including those under these departments:

  • Actuarial, data, and analytics
  • Claims
  • Customer service
  • Corporate functions
  • Legal and compliance
  • Information technology (IT)
  • Sales and distribution
  • Underwriting and product

These roles offer varying levels of compensation. But if you want to know which occupations within the industry provide the highest salaries, you can check out our rankings of the top-paying insurance careers.

What makes Farmers a great company to work for?

Farmers has been consistently making the list of the best insurance companies to work for in the US, primarily because of its initiatives that prioritize the health and wellbeing of employees and provide tailored support for its workers.

Apart from the benefits and programs listed above, the company runs the Farmers Family Fund, which enables it to immediately respond when employees experience financial hardship. Since its inception in 2012, the scheme has provided more than $2.5 million in grants to staff in need. 

Farmers also shows its commitment to diversity and inclusion by sponsoring different employee groups. These include:

  • Black Professionals Alliance (BPA)
  • Disability Inclusion Group (DIG)
  • Farmers Asian Alliance (FAA)
  • Farmers Future
  • Farmers Pride
  • Parent Connect
  • Somos Farmers
  • Veterans & Advocates
  • Women’s Inclusion Network (WIN)

In addition, Farmers consistently earns top marks on the Corporate Equality Index from the Human Rights Campaigns Foundation.

Where can you find the top insurance employers in the US?

Our Best in Insurance Special Reports page features the top insurance employers across the country that make each workday both a challenging and rewarding experience. Apart from competitive compensation, these companies provide a positive work environment where employees thrive in their careers.

In addition, this page features insurers that are nominated by their peers and vetted by our panel of experts as respected leaders in the industry. This is the place to go if you’re searching for an insurance employer that shares your values and paves the way for your professional development.

Do you think Farmers is one of the best insurance companies to work for in the US? Were you surprised to find out how much Farmers insurance agents make? Feel free to share your comments below or see our special report 

Keep up with the latest news and events

Join our mailing list, it’s free!