Livestock insurance is a type of specialty insurance product designed to protect livestock from the unexpected. Farmers and ranchers obtain policies to cover their livestock during transit, from mortality, as well as to protect them during losses and even theft. Some policies also protect farmers from potential loss of income related to their livestock.
The best livestock insurance is found through insurance providers that know the livestock industry, have easily accessible customer service agents, and offer competitive quotes with affordable premiums. Additionally, they provide multiple types of policies, offer discounts, and cover various perils that may be encountered.
Best Overall : American Family Insurance
American Family Insurance has almost a century of experience and covers many different types of livestock, plus insurance agents can be reached 24/7.
Covers more types of animals than most companies
Offer farm and ranch resources
Much purchase add ons for other coverage
Need to contact agents for a quote
American Family Insurance was founded in 1927 as Farmers Mutual Automobile Insurance in Madison, Wisconsin. It covers more types of animals than most insurance companies, including exotic animals such as elk, bison, emus, and ostriches. It also covers multiple natural disasters like sinkholes, volcanic eruptions, lightning, wind, hail, and flooding. You can purchase an earthquake add-on as well and an animal perils endorsement that covers things like accidental shooting, drowning, attack by dogs, attack by wild animals, and building collapse.
Overall, the company covers more types of livestock and perils than most of its competitors, has a well-organized website, and boasts a long industry track record of success. You can get coverage limits and prices by contacting an agent through online chat or over the phone and you can file a claim online anytime through the claims number or with your assigned agent.
Best for Custom Policies : AXA XL
- Average Cost: Not disclosed
- No. of Coverage Options: Numerous custom options
- Coverage Limit: $30 million per farm
AXA XL offers flexible and individually tailored livestock coverage. It also provides risk consulting and training sessions.
Offers worldwide coverage
Covers all classes of livestock
Tailored more to larger companies
AXA XL was founded in 1986 and merged into its current company in 2019. It offers specialty insurance policies, including livestock, equine, marine cargo, aquaculture, art, political risk, and entertainment insurance policies. In addition, it provides risk consulting services and bespoke product design.
AXA XL works with large public companies, private companies, and farms with locations around the world. It has an in-house claims process and brokers to help decide which policy is best for you and then tailor it to fit your needs. The policies can be customized based on your farm’s size, location, and types of animals, and more. You can call a local broker or set up an appointment online and initiate a claim over the phone or through email.
While coverage costs and limits vary, AXA XL usually covers a farm up to $30 million. A typical livestock policy will cover mortality, infertility, theft, and disease. The products are designed by professionals, including vets, to provide adequate coverage. All livestock classes including production animals, exotics, and embryos and semen are covered on your property as well as in transit.
Best for Equine Coverage : Allen Financial Insurance Group
Allen Financial Insurance Group offers multiple types of specialty policies tailored for equine owners as well as other livestock and farm policies and you can apply for a quote online.
Wide variety of specialty insurance products
Offers details about each type of coverage
Company not as well known as others
The Equestrian Group is a division of Allen Financial Insurance Group that offers specialty equine policies including equestrian business policies, rodeo insurance, high valued horse policies, transit, and equestrian show coverage. The company also offers coverage for alpacas, llamas, poultry, cattle, and more livestock as well as agritourism, agritainment, equipment breakdown, and numerous other specialty products and services.
Allen Financial Insurance Group has a long history in the specialty insurance business and it works with partners to underwrite complex insurance policies for specialized industries. You can get a quote online or over the phone and make payments online. Customer service can be reached via email or over the phone and you need to contact an agent to initiate the claims process.
Allen Financial Insurance Group’s website also offers blogs and industry news and resources. Equine coverage is typically limited to $10 million per farm and $1 million per animal. Policies cover the horses and can also be purchased for instructors, trainers, owners, and equestrian clubs.
Best for Variety of Covered Perils : Shelter Insurance
Shelter’s livestock insurance policies provide comprehensive coverage and offer protection against a wide variety of perils.
Offers multiple farm insurance discounts
Multiple policies to choose from
Only operate in 15 states
Customer service only available during business hours
Shelter Insurance was founded in 1946 as The MFA Mutual Insurance Company and sells homeowners, auto, life, and farm insurance, as well as livestock, and equipment insurance. Its livestock insurance policies cover the usual perils such as fire, accidents, thefts, and floods, but it also covers other less common perils including explosions, volcanic eruptions, chemical spills, falling objects, and more.
Shelter Insurance offers a comprehensive farm insurance policy as well as individual policies. The individual policies you can choose from are livestock insurance, farm equipment coverage, farm property, and liability-only policies. You need to speak to a customer service agent to get a quote and maximum coverage information.
Shelter Insurance also offers several farm owners discounts including discounts for new homes, mobile homes, protective devices, and heating systems. You can pay your bill and file a claim online from your account.
Best for Transit Coverage : The Hartford
The Hartford offers a century of insurance experience and has a full livestock transit policy with coverage for things like carcass removal and substitution of vehicles.
Multiple livestock insurance options including transit coverage
Local underwriters and 24/7 claims processing
Need to call agent for a quote
Number of coverage choices may be overwhelming
The Hartford has over a century of insurance industry experience. It was founded in 1810 as a company that offered fire insurance. It has since branched out to offer multiple types of insurance including livestock, auto, home, employee benefits, as well as financial products and services. Since 1916, the company has offered specialized livestock, equine, and animal mortality insurance to livestock owners and businesses.
The Hartford has multiple types of livestock transit insurance to choose from as well as horse insurance, high-value animal insurance, swine, poultry, and hatchery insurance, and more. You'll need to speak to a local livestock agent for a quote and to find out more about coverage limits and specifications. However, you can file a claim online or over the phone anytime.
Livestock policies cover horses, hogs, poultry, hatcheries, cattle, police and service dogs, and more. They can be customized and are designed to cover commercial livestock and high-value animals while located on-premises or in transit. Some transit policy options include carcass removal, substitution of vehicles, coverage after transit, deck collapse coverage, and refusal of shipment coverage.
Best for Whole Farm Coverage : Nationwide
Nationwide offers whole farm insurance policies that you can customize and tailor to meet your needs. It has multiple insurance products to choose from as well as add ons.
Transparent coverage options
Customizable farm policies
Need to contact an agent for pricing details
Livestock that die from disease aren’t covered
Founded in Columbus, Ohio in 1926, Nationwide began by selling automobile insurance to local farmers in Ohio. It later branched out to farmers in several other states and then also began selling fire and life insurance. Its headquarters are still located in Ohio, but it also has offices in all 50 states and offers insurance nationwide as the name suggests.
Nationwide offers three different comprehensive whole-farm policies for your farm and ranch which you can customize with add ons. When you select an Agrichoice farm insurance policy, you also get livestock coverage for your sheep, cows, bulls, swine, goats, and lambs.
Nationwide’s broad loss of protection generally covers floods, accidental shootings, earthquakes, and more. You can insure your livestock individually, as a blanket policy, or as a herd, which affects the maximum amount of available coverage.
Some optional coverage options include insurance for your ATVs and tractors, sewer pump backup, and disruption of farming operations. For pricing details, to apply, and to get a quote, you'll need to speak to a farm agent. Claims can be filed and tracked online and you can also pay your bills online.
Overall, we recommend checking out American Family Insurance. The company has positive overall reviews, a strong financial rating, and offers livestock and farm and ranch policies with many add ons to choose from.
Compare the Best Livestock Insurance
|Company||AM Best Rating||Avg. Annual Premium||Coverage Limit||Other Farm Policies|
|American Family Insurance
|A||Contact agent||Varies||Farm and ranch, tractor equipment, agribusiness|
Best for Custom Policies
|A+||Contact agent||$30 million per farm||Equine, aquaculture, marine, livestock|
|Allen Financial Insurance Group
Best for Equine Coverage
|Not rated||$7,500+||$10 million per farm||Trainers, stables, riding clubs, farm events|
Best for Variety of Covered Perils
|A||Contact agent||Varies||Farm property, equipment, liability, livestock|
Best for Transit Coverage
|A+||Contact agent||Varies||Poultry, swine, hatchery, marine|
Best for Whole Farm Coverage
|A+||Contact agent||Varies||Home, farm, ranch, truck|
How to Choose the Best Livestock Insurance
The first step in choosing livestock insurance is to go with a company with a strong reputation and extensive livestock experience. Make sure they offer coverage for the type of livestock you own and offer additional add-on coverage for unique situations.
It's also important to check the ratings and reviews of each insurance and compare their quotes to ensure you're getting the most coverage for your money. Finally, confirm the type of customer service offered so you can make any claims and get reimbursed hassle-free.
Frequently Asked Questions
What Does Livestock Insurance Cover?
Livestock insurance typically covers livestock from injury and death due to things like theft, accidents, and natural perils including storms, hurricanes, and floods. Some policies also cover property damage and car accidents that your livestock may have caused as well as loss of income due to your livestock being injured, contracting a disease or virus, or dying.
Farms and ranches can be expensive and include farm loans that need to be repaid, expensive inventory, and valuable livestock, so it’s important to have a livestock insurance policy to protect your livelihood.
Is Livestock Insurance the Same as Farm and Ranch Insurance?
A typical farm and ranch insurance policy may cover some of your livestock in certain situations but isn’t designed to cover them in most circumstances. For instance, it doesn’t cover them if they are injured or killed in transit, destroy someone else’s property, or any loss of income if they’re injured or killed. Livestock Insurance will.
A farm and ranch policy is designed to protect the farm or ranch property as well as includes a liability policy. You may be able to add livestock insurance to your existing policy or you may need to buy a separate policy based on the carrier’s options and your coverage needs.
What Types of Animals Are Protected by Livestock Insurance?
Typically, livestock insurance policies cover cows, swine, sheep, bulls, goats, and lamb. There is usually a separate policy that covers horses and separate coverage may also be available for alpacas and llamas. It’s important to speak with your insurance agent and thoroughly read your policy documents so you know which animals are covered and which are not.
Who Should Consider Buying Livestock Insurance?
Consider buying livestock insurance if:
- You’re involved in the agriculture industry
- You own a ranch or farm with livestock
- Your livestock is your livelihood
- You transport livestock
- You’re involved in the equine industry
- You’re a cattle farmer or rancher
- You are a small farming operation
- You’re part of a large conglomerate of farm companies
To find the best livestock insurance, we first created a list of the top 10 providers. Next, we closely evaluated each company based on several factors, including the policies they offer and the types of animals and perils that are covered. Finally, we gave each provider a category based on its specialty. All of the companies on our list are reputable, have strong industry experience, and provide protection for your livestock.