Allstate Insurance Review: Is Allstate a Reliable Insurance Provider?

Allstate insurance provider offering a range of coverage options, including auto, home, life, and more. With a nationwide presence, they provide personalized solutions, discounts, and benefits. Allstate is known for its Claim Satisfaction Guarantee and innovative features like the Allstate Rewards® program for policyholders.

What is allstate insurance?

Allstate is a big company in the United States that sells different kinds of insurance. They offer insurance for cars, homes, and life. If you have a business, they can also help with insurance for that. Allstate has coverage for motorcycles, boats, and even things like identity theft.

They have a slogan that says, “You’re in Good Hands with Allstate,” and many people know them for that. You can buy insurance directly from Allstate or through their agents, who are people that help you get the right insurance for your needs.

Is Allstate a Good Insurance Company?

Deciding if Allstate is a good insurance company depends on what you need and your experiences. Allstate is a big insurance provider in the U.S. They offer different kinds of insurance like for cars, homes, and life.

Some things to think about are if they have the coverage you want, how their customer service is, if they’re financially strong, and if the cost is reasonable.

Check reviews from other people to see what their experiences were like. It’s a good idea to compare quotes from different insurance companies to find the best fit for you. Talk to Allstate agents to understand more about what they offer and if it matches your needs.

Who owns Allstate Insurance?

Allstate Corporation is a publicly traded company listed on the New York Stock Exchange (NYSE) under the symbol ALL. This means that Allstate is owned by its shareholders who hold shares of the company’s stock. Shareholders can include individual investors, institutional investors, and other entities that own shares of Allstate’s common stock.

Public records reveal that BlackRock, The Vanguard Group, and State Street Corporation are the major stakeholders in Allstate Corporation. Together, they hold an ownership stake that amounts to nearly 20%.

Allstate InsuranceDetails
Company NameAllstate Corporation
Founded1931
IndustryInsurance
TypePublicly Traded
Stock SymbolALL (New York Stock Exchange)
Key ExecutivesTom Wilson (Chair, President, and CEO)
HeadquartersNorthfield Township, Illinois, United States
Major ShareholdersBlackRock, The Vanguard Group, State Street Corporation
Combined Ownership StakeApproximately 20% (as of Q1 2020)
Insurance OfferingsAuto, Home, Life, Business, Motorcycle, Boat, and more
Financial Strength[Credit Ratings: A (AM Best), A3 (Moody’s), A- (S&P)](example values)
Customer ServiceLocal Agents, Online Services
WebsiteAllstate Official Website

Allstate Coverage Options

Allstate goes beyond standard offerings with additional coverage options for drivers. These include rideshare insurance for those working with companies like Uber or Lyft, sound system insurance covering theft or damage to audio and video equipment, roadside coverage for services like jump-starts and fuel deliveries, rental reimbursement for a replacement vehicle during repairs, classic car insurance with agreed value and spare parts coverage, and Mexico and Canada car insurance for those driving across borders.

The standard car insurance policy options offered by Allstate include:

  • Bodily injury/property damage liability car insurance
  • Collision insurance
  • Comprehensive insurance
  • Medical payments (MedPay)
  • Personal injury protection (PIP)
  • Underinsured/uninsured motorist insurance

Allstate Auto Claims and Benefits

Filing auto claims with Allstate involves a step-by-step process through the MyClaim account on the website or mobile app. This includes providing necessary information and accident photos, receiving a damage assessment and repair estimate, and, upon claim approval, Allstate directly pays the repair shop, minus the deductible. An alternative is choosing reimbursement.

For assistance and inquiries regarding auto insurance claims, individuals can contact Allstate at 1-800-255-7828. Allstate offers benefits such as the Claim Satisfaction Guarantee, providing a credit up to a six-month premium if dissatisfied with claim handling, and the Allstate Rewards® program, enabling drivers to earn points for safe driving habits, redeemable for shopping rewards and gift cards.

Additionally, Allstate provides various add-on coverage options, including Extended Vehicle Care, Deductible Rewards®, New Car Replacement, Accident Forgiveness, and Safe Driving Bonus®.

Other Insurance
Star Health Insurance

how to apply allstate insurance?

  1. Visit the Allstate Website:
    • Go to the official Allstate website (https://www.allstate.com/) to explore the available insurance options.
  2. Select the Type of Insurance:
    • Navigate to the section that corresponds to the type of insurance you want to apply for (e.g., auto insurance, home insurance).
  3. Get a Quote:
    • Most insurance providers, including Allstate, offer online tools to generate a quote. Look for a “Get a Quote” or similar button and follow the prompts.
  4. Provide Personal Information:
    • You’ll need to provide personal information such as your name, address, date of birth, and details about your property or vehicle.
  5. Driving History (For Auto Insurance):
    • If you are applying for auto insurance, you may be asked about your driving history, including accidents and violations.
  6. Coverage Preferences:
    • Specify the type and amount of coverage you are interested in. Allstate typically provides various coverage options, and you can customize your policy based on your needs.
  7. Discounts and Add-ons:
    • Explore available discounts and add-on options. Allstate often offers discounts for safe driving, bundling policies, and other factors.
  8. Review the Quote:
    • Carefully review the quote, ensuring that it accurately reflects your coverage preferences and details.
  9. Complete the Application:
    • Once you are satisfied with the quote, proceed to complete the application. You may need to create an account on the Allstate website.
  10. Submit Supporting Documents (if required):
    • Depending on the type of insurance and your individual circumstances, you may need to submit supporting documents. For example, proof of identity, vehicle information, or details about your property.
  11. Payment:
    • Pay the initial premium to activate your coverage. Allstate typically provides various payment options.
  12. Confirmation:
    • After completing the application and payment, you should receive confirmation of your coverage. This may include policy documents and information about how to access your account online.

how to cancel allstate insurance?

  1. Contact Your Allstate Agent:
    • If you purchased your insurance through a local Allstate agent, reach out to them directly. You can find the contact information on your policy documents or on the Allstate website.
  2. Call Allstate Customer Service:
    • If you don’t have a local agent, or if you prefer a direct approach, you can call Allstate’s customer service. The phone number is typically provided on your policy documents or on the Allstate website.
  3. Provide Necessary Information:
    • When you contact Allstate, be prepared to provide your policy number and any other relevant information. This will help the company locate your policy and process your cancellation.
  4. Specify Cancellation Date:
    • Let Allstate know the date you want the cancellation to take effect. It’s important to be clear about when you want the coverage to end.
  5. Return Any Required Documents:
    • Allstate may request that you return your insurance cards or other documents. Follow their instructions to ensure a smooth cancellation process.
  6. Check for Refunds or Outstanding Balances:
    • If you’ve paid for your insurance in advance, inquire about any potential refunds for the unused portion of your policy. Conversely, if you have any outstanding balances, ensure that they are settled.
  7. Follow Up:
    • After initiating the cancellation, it’s a good idea to follow up to confirm that the cancellation has been processed and to address any remaining details.

Allstate Car Insurance Cost

Allstate’s insurance prices are generally higher than the national average. For a 35-year-old married driver with good credit and a clean driving record, the average annual cost for full coverage is around $2,598, compared to the national average of $2,008.

Factors Influencing Allstate Insurance Prices:

Your car insurance costs with Allstate depend on factors like credit score, driving record, and age. Poor credit may increase rates unless you reside in specific states. Age plays a significant role, with younger drivers facing higher premiums.

AgeAllstate Avg. Monthly CostAllstate Avg. Annual CostNational Avg. Cost
16$939$11,263$7,581
17$567$6,804$5,612
18$494$5,925$4,958
21$275$3,302$2,786
25$247$2,958$2,336
35$217$2,598$2,008
45$213$2,557$1,923
55$196$2,349$1,767
65$174$2,090$1,648
75$194$2,328$1,912

Allstate Insurance FAQs

What types of insurance does Allstate offer?

Allstate offers a range of insurance products, including auto, home, renters, life, business, motorcycle, boat, and more.

How can I get a quote from Allstate?

You can obtain a quote by visiting the Allstate website, contacting a local agent, or using their online tools to input relevant information.

What factors influence Allstate insurance costs?

Factors include your driving record, credit score, age, location, and coverage preferences. Poor credit, accidents, or a DUI can impact rates.

Does Allstate provide discounts?

Yes, Allstate offers various discounts, including safe driver discounts, multi-policy discounts, and more. Check with an agent for eligibility.

How do I file a claim with Allstate?

File a claim by logging into your MyClaim account on the website or mobile app. Provide necessary information, get an assessment, and, upon approval, receive payment.

What benefits does Allstate offer to policyholders?

Allstate provides benefits such as the Claim Satisfaction Guarantee, Allstate Rewards® program, and various add-ons like Extended Vehicle Care.

Can I cancel my Allstate insurance policy?

Yes, you can cancel by contacting your local Allstate agent or calling customer service. Provide necessary information and specify the cancellation date.

Was this helpful?

Thanks for your feedback!

Leave a Comment

Disclaimer
Loading...