Allstate Insurance is a popular insurance company that was founded in 1931. The company provides a wide range of insurance products, including auto, home, life, and business insurance. Allstate is known for its extensive coverage options, affordable rates, and focus on customer service. In this article, we’ll take a closer look at Allstate and explore what makes it a popular insurance option for many Americans.
Company Overview
Allstate is one of the largest insurance providers in the United States, with over 48,000 employees and a network of more than 10,000 agency owners. The company offers a variety of insurance products, including auto, home, renters, condo, and landlord insurance. Allstate also provides life insurance, business insurance, and retirement and investment products.
Auto Insurance
Allstate’s auto insurance policies are among its most popular offerings. The company offers a variety of coverage options, including liability, collision, comprehensive, and personal injury protection (PIP). Allstate also offers optional coverages like roadside assistance, rental reimbursement, and sound system coverage.
One of the key selling points of Allstate’s auto insurance policies is the availability of a range of discounts. Customers can save money by taking advantage of discounts like safe driver, multiple policy, and good student discounts. Allstate’s online quote system makes it easy for customers to get a quote and customize their coverage options to fit their needs and budget.
Homeowners Insurance
In addition to auto insurance, Allstate also offers homeowners insurance to protect your home and personal belongings. Allstate’s homeowner’s policies include coverage for things like fire, theft, and damage from severe weather. Customers can also add on additional coverages like personal property replacement, identity theft protection, and water backup coverage.
Life Insurance: Allstate provides a range of life insurance options to help protect your loved ones financially in the event of your death. The company offers term life, whole life, and universal life insurance policies, each with different features and benefits. Allstate’s life insurance policies are customizable to fit your specific needs and budget.
Pros and Cons of Allstate Insurance
There are many reasons why Allstate has become such a popular insurance provider in the United States. Some of the pros of choosing Allstate include its extensive coverage options, competitive rates, and focus on customer service. Allstate also offers a range of discounts to help customers save money on their insurance premiums. However, there are also some potential downsides to consider, such as limited availability in certain states and a lack of personalized service from agents or brokers.
See also: General Auto Insurance
Pros:
Most consumers surveyed say customer service is easy to contact
Easy to open a new policy, according to customer feedback
Cons:
Rates are higher than the national average
| 17-YEAR-OLD FEMALE | 17-YEAR-OLD-MALE | |
| Allstate | $6,882 | $7,693 |
| National Average | $5,064 | $5,750 |
Teenagers are among the most expensive drivers to insure, generally speaking. Allstate’s annual average rate is almost 36% higher than the national average for female teen drivers, and more than 33% higher than the national average for males. The company’s rates in this category are more than double those of USAA, which has the lowest rates for teen drivers in our study. Those in the market for coverage for a teen driver might also want to look into a State Farm or Geico policy. State Farm has the second-lowest rate for female teen drivers, and Geico has the second-lowest rate for male teenagers. Farmers has the most expensive car insurance rates in this category for both males and females.
| 25-YEAR-OLD FEMALE | 25-YEAR-OLD MALE | |
| Allstate | $2,351 | $2,423 |
| National Average | $1,757 | $1,860 |
Car insurance for drivers in their 20s is still higher than for older, more experienced motorists, but it is much cheaper, on average, than the rates paid to insure teen drivers. An average Allstate policy costs nearly $600 more per year than the national average for both female and male drivers who are single and age 25.
Young adult drivers looking for affordable coverage might want to consider USAA, which has the lowest rates in this subcategory, if they qualify for a policy. If not, Geico offers the second-lowest rates for young adults. Our study found that Farmers has the highest rates for drivers in this age group.
| 35-YEAR-OLD FEMALE | 35-YEAR-OLD MALE | |
| Allstate | $2,092 | $2,069 |
| National Average | $1,470 | $1,488 |
Rates for drivers in their 30s are generally cheaper than the premiums charged for teens and younger adults. That being said, Allstate’s average yearly rate for female adult drivers is roughly 42% more than the national average, while its rate for male drivers in this category is almost 39% higher than the national average. Allstate’s rates are the highest we found for adult drivers, and are more than twice that of USAA, which has the lowest average annual rates in this category.
| 60-YEAR-OLD FEMALE | 60-YEAR-OLD MALE | |
| Allstate | $1,918 | $1,956 |
| National Average | $1,332 | $1,376 |
Male and female senior drivers insured by Allstate pay rates that are higher than the national average, according to our study. The company’s average annual rate is 44% more for females, and 42% higher for males. Allstate’s rates are the highest for senior drivers among companies in our rating.
USAA has the lowest car insurance rates for senior drivers, and is nearly $1,050 less per year, on average, than Allstate. State Farm has the second-lowest rates for motorists in this age group, more than $800 less per year than Allstate.
| RATE AFTER ONE SPEEDING TICKET | |
| Allstate | $2,429 |
| National Average | $1,935 |
A speeding ticket on your driving record can cause the rates you pay for car insurance to go up dramatically. Allstate’s average annual rate is much higher than the national average for drivers who’ve been ticketed. The company’s sample premium for drivers after a speeding ticket is more than 25% higher than the national average.
Farmers has the highest rates for drivers with a speeding ticket on their record, 37% more than the national average. USAA has the lowest rates in this category, 36% lower than the national average. Geico is No. 3 and Travelers is No. 4 in terms of the cost of insurance after a speeding ticket.
| RATE AFTER ONE ACCIDENT | |
| Allstate | $2,989 |
| National Average | $2,212 |
Accidents can cause the rates a driver pays for insurance to increase. Allstate’s average annual rates for motorists with an accident on their driving record are just over 35% higher than the national average. The company has the second-highest rate in this category behind Farmers, which is almost 45% more expensive than the national average. USAA has the lowest rates for drivers after an accident, and State Farm is No. 2. American Family is No. 3 in this category, in terms of pricing, and Travelers is No. 4.
| RATE AFTER ONE DUI | |
| Allstate | $3,313 |
| National Average | $2,675 |
The rates paid by drivers after a DUI are among the highest we found in our analysis of car insurance premiums. Allstate’s rate is almost 24% higher than the national average for drivers with a DUI on their record. AAA has the highest average annual premium in this category, roughly 49% more than the national average. Allstate’s annual rate is $1,596 more than State Farm, which has the lowest sample rate, $1,717 per year on average.
| RATE FOR DRIVERS WITH POOR CREDIT | |
| Allstate | $3,345 |
| National Average | $2,894 |
Not everyone realizes it until their search for a policy is underway, but among the factors car insurance companies use to set rates is the policyholder’s credit rating.
Allstate’s rate for drivers with poor credit is almost 16% higher than the national average. AAA has the highest rate, on average, for those with poor credit, nearly 38% higher than the national average. USAA has the lowest rate, 35% lower than average. Those with poor credit who don’t qualify for a USAA policy might want to consider Geico. Its rate is almost 32% lower than the national average in this category.
| RATE FOR LOW COVERAGE | |
| Allstate | $2,013 |
| National Average | $1,470 |
Most states require drivers to carry a minimum amount of liability insurance coverage. Allstate’s average annual rate for minimum coverage is the highest we found, $543 more than the national average in this category. Farmers’ rate for minimum coverage is the second-highest, $542 below the national average. USAA has the lowest average annual rate for minimum coverage, more than 34% cheaper than average. Next cheapest is Geico, which is roughly 22% lower than the national average.
See also: Geico InsuranceÂ
| RATE FOR HIGH COVERAGE | |
| Allstate | $2,261 |
| National Average | $1,643 |
The more coverage a driver buys, the more they will pay for car insurance. Higher levels of coverage can include additional protections, such as coverage against bodily injury, and in some states, property damage caused by uninsured or underinsured motorists. Allstate’s rate for high coverage is 38% more than the national average, and is the most expensive we found in this category. The company’s rate is twice as much as USAA, which has the lowest average annual premium for high coverage. Allstate’s rate is about $900 more than State Farm, which has the second-lowest rate in this category.
Allstate offers a number of discounts that can help policyholders save on their car insurance rates. According to our customer survey, nearly 44% of respondents say they are highly satisfied with the discounts Allstate offers.
Discounts offered by Allstate include:
- Multiple policy discount
- Anti-lock brake discount
- Anti-theft device discount
- EZ pay plan discount
- Paperless discount
- Early signing
- Pay in full
- Responsible payer discount
- Safe driving club
- Smart student discount
- New car discount
Allstate’s discounts vary by state, so contact an agent or visit their website to determine which discounts are available to you.
Allstate vs. Nationwide
Nationwide outperforms Allstate in the subcategories for Customer Service, Claims Handling, Most Likely to Be Recommended, and Most LIkely to Be Renewed. The insurers are tied in the Customer Loyalty subcategory.
Nationwide’s average annual rate is nearly $700 less than Allstate’s overall. Across all subcategories we studied, Nationwide also offers lower rates than Allstate. For example, Nationwide’s average annual rate for drivers who have a clean record is nearly $700 cheaper than Allstate’s. Allstate’s rates are nearly $2,000 higher per year than Nationwide’s for teen drivers, and Allstate’s rates for drivers with poor credit are $1,300 higher than Nationwide’s.
Allstate vs. Travelers
While Allstate’s scores are tied with Travelers in our Claims Handling and Customer Loyalty subcategories, Allstate outperforms Travelers in the Most Likely to be Recommended category. Travelers, on the other hand, outperforms Allstate in our Best Insurance for Seniors subcategory.
Allstate’s average annual rate is $780 more than Travelers’ sample premium. Allstate’s rates are also higher for each of the driver demographics we reviewed, including teen drivers, young adults, seniors, and drivers with a speeding ticket or DUI.For drivers with poor credit, Travelers’ rates are nearly $1,000 less, on average, than Allstate’s, and for drivers with minimum coverage, Traveler’s rates are $740 less than Allstate’s
Allstate may not be the best fit for most drivers. Its scores in the subcategories for customer service and claims handling are near the bottom among insurers included in our rating. A review of data also shows that Allstate has some of the highest car insurance rates among companies in our rating, with an overall average rate much higher than the national average.
Allstate has a long history of selling auto insurance. However, for drivers looking for excellent customer service and claims handling, it may not be a good fit, based on where the company finished in our subcategory ratings. In addition, the company’s average rates are some of the most expensive among companies we analyzed.
You can learn more about Allstate car insurance on the company website or by contacting a local agent.
- Website:Â www.allstate.com/
- Customer service number: 800-255-7828
- Customer service email address:Â Online form
Allstate has average or below-average scores in most categories, including customer service and claims handling. It has some of the most expensive rates across all driver demographics when compared to other insurance companies we analyzed.
Conclusion
Overall, Allstate Insurance is a well-established insurance company that provides a wide range of affordable insurance products to customers across the United States. Whether you’re in the market for auto, homeowners, or life insurance, Allstate has coverage options that can fit your needs and budget. If you’re looking for a reliable and affordable insurance provider, Allstate is definitely worth considering.