Farmers Mutual of Tennessee offers Annual, Semi-Annual, and Quarterly installment plans as well as an Auto Pay option (your annual premium spread out over 10 installment payments).
For those selecting the Semi-Annual or Quarterly installment option, there will be a $4.00 installment fee assessed for each payment. All Auto Pay plans are set up through electronic funds transfer (EFT) only and require a completed authorization form along with a voided check. Payments are withdrawn from the insured’s bank account in 10 payments taken out in monthly installments during the annual policy term.
Payment is required within 30 days of the policy being issued. Payment can be made at the time the application is submitted to Farmers Mutual of Tennessee. The insured has the option to pay the total Annual premium or choose the Semi-Annual, Quarterly, or Auto Pay installment plan.
Any premium adjustments resulting from changes to the policy will be billed with an Amended Billing statement or refunded.
We follow the laws of the State of Tennessee governing the cancellation of property and casualty insurance policies. If a policy is cancelled, any unearned premium will be refunded on a pro-rata basis. If a payment is not received by the due date, a cancellation notice for non-payment will be issued.
Any refund of premium will be made by check and mailed from the company to the mailing address of either the Named Insured or the payee of the policy.
Non-Sufficient Fund (NSF) Checks
Insufficient funds of premium paid will result in an edited bill being mailed out requesting payment to be remitted to Farmers Mutual of Tennessee. If payment is not received by the extended due date a cancellation notice will be sent.
Please contact us with questions at (800) 824-9555.