Bruce BennettGetty Images
Allstate is one of the largest home, auto, and life insurance companies in America. Founded by General Robert E. Wood in 1931, Allstate was the first insurer to base rates on a car’s use, mileage, and age. This approach set the standard for other auto insurers who adopted Allstate’s innovative concept.
Allstate’s car insurance is among the most dependable in the auto insurer world. The company also offers employee benefits, investment services, and roadside assistance, not to mention many other home and life insurance policies. They have agents throughout the country who ensure customers receive the best in-person coverage for their needs. Check out their website and get a quote online today. Allstate’s headquarters is located in Northbrook, Illinois.
Services Allstate Covers
Although Allstate is widely known for different types of policies, it’s arguably most recognized for auto insurance. Allstate covers all the basics including collision, comprehensive, and liability coverage.
Additionally, the corporation offers a variety of supplemental programs for added security, such as:
- Accident Forgiveness
- Sound System Insurance
- New Car Replacement
- Roadside Assistance
- Rental Car Reimbursement
- Personal Injury Protection
- Rideshare Coverage
- Milewise®
- Liability
- Physical Damage
- Uninsured Motorist
- Gap Insurance
Allstate’s auto coverage options include:
- Usage-Based/Telematics
- Accident Forgiveness
- Vanishing Deductible
- New Car Replacement
- Mobile App
- Safe Driving Bonus
- Deductible Rewards
- Roadside Assistance
- Ride Share Insurance
Auto Insurance Discounts Offered by Allstate
“You’re in Good Hands” with Allstate, and they aren’t just referring to your physical wellbeing. They want to help their drivers save money through incredible discounts, like:
- Multi-policy
- New Car
- Smart Student
- Anti-lock Brakes
- Anti-theft Device
- Early Signing
- Responsible Payer
- Automatic Payments
- Paperless Statements
- Pay in Full
- Good Student
- Paperless Discount
- Safe Driving Discount
Allstate also provides discounts to drivers who attend approved defensive-driving or driver-improvement courses. Thanks to this special offering, clean and safety-conscious motorists can receive special discounts for avoiding accidents and/or traffic violations within three to five years.
Insurance Features That Don’t Cost Extra
Drivers can obtain additional insurance features at no extra cost, including the following:
- Car buying service. Drivers who use this service receive discounts and savings, as well as information about what others paid in the past for an identical car.
- Claim satisfaction guarantee. Allstate provides a maximum of six-month credit on your car insurance premium if you’re dissatisfied with how they handled a claim. In certain states, the guarantee comes free with standard policies.
- Milewise. Customers pay insurance based on how often they drive. This type of coverage may save you money if you don’t use your car regularly. Check if this policy is available in your state.
- DriveWise. This pay-as-you-drive plan monitors your driving behavior using telematics, a method that collects information on mileage and driving habits. DriveWise also rewards drivers who display good behavior on the roads. Users see a discount when they consistently maintain safe driving habits such as staying below 80 mph and avoiding braking too fast. Drivers also receive a safe-driving bonus for every six months they remain accident-free.
Is Allstate Right for You?
It’s important to consider the advantages and disadvantages of your options when choosing a new auto insurer. For instance, Allstate auto insurance offers many benefits:
- Fewer auto insurance complaints to state regulators than competitors
- Perks like accident forgiveness, new car replacement, and safe-driving bonuses every six months you demonstrate smart and safe driving
- Rideshare insurance in several states
- Straightforward claim-filing procedures
- Friendly and helpful customer service.
There are also a couple of notable drawbacks commonly reported with Allstate auto insurance:
- Allstate’s customer satisfaction ratings are below average compared to other insurers’.
- Their policies are typically costlier than their competitors’.
Allstate has the most expensive overall average study rate ($1,880). However, rates differ due to many factors, including vehicle, age, insurance previously purchased, and driving records.
Impressively, the company is one of the top seven in J.D. Power’s 2020 U.S. Auto Insurance Study for customer satisfaction. They also rank number one in Florida as the best car insurance provider, though they boast modest ratings in the Southwest and North Central regions.
When looking for an insurance provider, it’s crucial you look at the company’s financial strength. And in terms of finances, Allstate is strong. This healthy financial position shows they can pay expensive claims.
Take a look at Allstate’s rating as an organization:
- J.D. Power 2020 U.S. Auto Insurance Study (varies by region)
- J.D. Power 2020 U.S. Home Insurance Study – 829/1,000
- A.M. Best – A+
- Better Business Bureau (BBB) – A+
Additional Insurance Through Allstate
Are you looking for more than auto insurance? Well, Allstate offers several life insurance policies. Also, they pay in full when it’s time customers utilize coverage, thanks to the company’s robust financial strength. The life insurance policies include:
- Term Life Insurance. Allstate offers policies that cover 10 to 30 years, and you can select any term length. In addition, this policy is the most affordable offered by the company. Term Life Insurance is the ideal policy if you’re looking for basic coverage.
- Whole Life Insurance. This covers your lifetime and comes with guaranteed cash value plus level premiums for the entire duration of your policy. Your beneficiaries receive a tax-free death benefit at the time of your passing, which they can use for supplemental income, end-of-life expenses, and debt.
- Universal Life Insurance. Allstate’s Universal Life Insurance is a flexible policy where customers adjust the death benefit over time depending on their family’s situation. Plus, there’s a cash value component that lets buyers either invest in a restricted index fund or get a guaranteed annual return.
- Variable Universal Life Insurance. This policy builds cash value, and you get to choose how that money is invested. Unlike Universal Life Insurance, this plan has no gain or loss caps. But keep in mind that a higher growth potential comes with more risk.
If you own or plan to obtain more than one type of insurance through Allstate, try to confirm if you qualify for bundled policies to reduce your rate.
Check out Allstate today to see what type of coverage options are best for you. Head over to their website, where you can get a quote by submitting a request online or by contacting an Allstate agent.
Sources Used:
https://www.nerdwallet.com/blog/insurance/allstate-insurance-reviews/
This content is created and maintained by a third party, and imported onto this page to help users provide their email addresses. You may be able to find more information about this and similar content at piano.io
Source link
