Allstate has been around for over 90 years and was originally a mail-order company like its parent, Sears. The company has come a long way since then and is now the largest publicly held insurance provider for personal lines. Now in over 16 million households, it’s time to see if Allstate lives up to its name.
Keep reading for a detailed Allstate insurance review and find out if the insurance provider fits the bill when it comes to your insurance needs.
Cost is a big factor in choosing an insurance policy, so it makes sense to get a rough idea on average cost before browsing policies. We’ve broken down our Allstate insurance reviews of cost into three buckets for the top three insurance products in the market: auto, home, and life.
Car Insurance
While your individual quotes will vary depending on a number of factors, including car make and model, driving history, age, etc., the fact is that Allstate insurance averages 31% higher than the national average cost of car insurance.
To break it down further, here’s what you can expect to pay:
Of course, that can vary widely by person. For example, someone with a clean driving history would expect to pay $2,014 annually for full coverage, while a speeding ticket causes that to jump to $2,424 annually.
Young drivers of course will pay more, as they represent more of a risk to insurers: a 19-year-old driver with Allstate can expect to pay $3,345 annually for full coverage. Find out more about car insurance for a 19-year-old here.
Luckily, a high quote doesn’t mean you don’t have options. Keep reading for more details on that.
Looking for a free quote fast? Start by clicking here.
Home Insurance
In contrast to car insurance, Allstate home insurance actually falls below that national average cost. A rough estimate is $1,340 annually for $250,000 in dwelling coverage but this can also vary widely depending on a number of personal factors like state, zip code, age of home, etc. But compared to a national average of $1,428, the savings can be enticing.
Life Insurance
It’s interesting to note that Allstate only offers term life insurance, not permanent. Term life insurance policies do vary from 10-40 years at Allstate, and you can get a quote online. However, you may need to speak to an insurance agent to finalize the process, and a medical exam could be required.
Because life insurance costs weigh so heavily on age, health, lifestyle and more, it’s tough to provide a rough idea on costs. The good news is that overall, term life insurance policies are more affordable than permanent life insurance, so you could find reasonable life insurance at Allstate.
Average costs are one thing, but the discounts offered at an insurance provider help you get a sense of how much you’ll actually pay. While some providers offer more discounts than others, Allstate does offer a respectable amount of discounts for its size. Across all policy types, Allstate offers the standard insurance discounts like the multi-policy bundle (up to 25% in savings), automatic payments (5%), paperless billing, paying in full and on time, early signing (buying a policy seven or more days before it becomes active and save up to 10%).
These vary by policy, but for car insurance alone, here are some of the available discounts you could be eligible for:
Motorcycle riders aren’t left out to dry either. Allstate offers a number of insurance discounts for motorcycles too, including for insuring multiple bikes, for being a safe rider, for taking a safe driving program, for being part of a motorcycle organization, and more.
For home insurance, you can also expect to see the following discounts if you’re eligible:
Given the fact that Allstate is one of the big names in the game, it’s refreshing to see the number of discounts available across insurance products and the transparency in potential savings. If you’re in the market for insurance, you’re sure to find at least one discount that you’re eligible for at Allstate, to help bring down your insurance costs.
Additional Offerings
Allstate doesn’t just offer the basics. Over the years, they’ve rounded out their offerings to get you more than just insurance. These added perks include:
If you want more from your insurance provider, you might appreciate the variety of offerings at Allstate.
Whether you’re in the market for home, auto, life or motorcycle insurance, or you’re looking to switch providers, Allstate is a big name in the insurance industry. But choosing who to hand over money to for your insurance needs is a major decision and deserves careful consideration.
Our reviews for Allstate insurance find that overall Allstate is a solid provider that performs better in some states versus others. It runs the midline in terms of costs, but has a broad range of coverage and discounts that can make it an appealing choice to consumers.
Plus, its added offerings can make Allstate a good choice for those looking for convenience and simplicity when it comes to their insurance and financial needs.
At the end of the day, reviewing all your options carefully is the best way to ensure you get the coverage you need at the right price from a provider you trust. Start by getting access to free quotes here; cost isn’t everything, but it can help you narrow down your choice.
We’ve got you covered.
Hollay Ghadery Hollay Ghadery is a writer and editor who is passionate about financial literacy as a means to personal fulfillment. Hollay has over 18 years of experience creating content about a range of topics related to personal finance, including insurance, investing, banking, and credit cards. When Hollay isn't writing, she's spending time with her four children, two dogs, and three goats.
