Yes, Farmers Insurance bought MetLife’s home and auto insurance business. The purchase was agreed to in December 2020 and finalized in April 2021, but current MetLife customers will see no changes to their policies and will only receive new paperwork with Farmers branding.
This acquisition included all aspects of the MetLife home and auto business, and Farmers assumed 2.4 million existing MetLife insurance policies. If you already have a MetLife policy, know that the people who handled the servicing and underwriting of MetLife’s policies will continue to do so under Farmers. If you do not yet have a policy, you will need to purchase a policy through Farmers, as no new home or auto policies will be written by MetLife.
Customers who have life or health insurance through MetLife will not see any changes to their policy or paperwork since only the home and auto insurance business was sold. Anyone looking to purchase life or health insurance from MetLife is still able to do so.
This answer was first published on 12/01/21. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.
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