Farmers Insurance Group is an American insurer group of automobiles, homes and small businesses and also provides other insurance and financial services products. Farmers Insurance has more than 50,000 exclusive and independent agents and approximately 22,000 employees. It is a subsidiary of the Swiss company Zurich Insurance Group Ltd.
|Divisions||Farmers Insurance Foremost Insurance Bristol West Insurance 21st Century Insurance Farmers Life|
|Headquarters||4680 Wilshire Boulevard Los Angeles, California, United States|
|Services||Insurance, other financial services|
|Founded||1928 (1928) (Los Angeles)|
NPS is a customer loyalty metric that measures customers’ willingness to not only return for another purchase or service but also make a recommendation to their family, friends or colleagues.
It is a powerful and effective technique, which can greatly increase a company's revenue if used properly.
The main advantages of NPS are close correlation with a company's growth and easy collection, interpretation and communication of the data.
Yes, it is.
Net Promoter Score is a number from -100 from 100.
Scores higher than 0 are typically considered to be good and scores above 50 are considered to be excellent.
The industry average for Insurance: Property and Casualty (Mutual) is 0.
The final Net Promoter Score of a company strongly depends on a context in which the satisfaction is measured.
Consider an example: If Farmers Insurance Exchange sends out NPS surveys immediately after purchase, they are tracking their customers' initial excitement and the checkout experience.
On the other hand, if they survey their customers a few weeks after the purchase they are also tracking how satisfied their customers are with their products and services over time.
Therefore, comparing the NPS score of Farmers Insurance Exchange with your own without any further context is not that useful.
What is extremely useful though, is using the NPS methodology to track the satisfaction of your customers over time. That's where Customer.guru comes in.
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We have estimated the Net Promoter Score of Farmers Insurance Exchange based on the publicly available information
including the sentiment of the company-related tweets, 3rd party reviews, and Alexa ratings.