Allstate Insurance: Company Overview

Allstate is one of the nation's largest insurance carriers and has been providing coverage for it's customers for over 88 years.

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About Allstate

Founded in 1931, Allstate is the nation’s largest publicly held personal lines insurer. It was founded by former Sears, Roebuck & Co President and Board Chairman, General Robert E. Wood, who initially sold policies through the mail, an innovative business move. The name Allstate was taken from a tire sold in the Sears catalog and the first sales location was in a Chicago Sears store. The first claim paid was to a man who showed up at the office holding a car door handle in his hand after an attempted car theft.

In the 1950s, the company expanded to sell life, health and commercial insurance in addition to auto. The company also began teaching driver education to high school students and advertising on television. Perhaps the most famous commercials feature Dean Winters, the “Allstate Mayhem guy,” who appeared in the HBO prison drama Oz as well as television shows like “Rescue Me,” “30 Rock” and “Law & Order.” More recently, the company refreshed its tagline to appeal to millennials: “It’s good to be in good hands.” TV spots feature celebrities who appeal to millennials, including Tim Gunn, Adam DeVine and Leslie Jones.

Allstate became an advocate for making seat belt use mandatory in the 1960s and began selling commercial coverage in the late 1960s. In 1976, the company adopted the slogan “You’re in Good Hands with Allstate,” which is still used today. In 1983, Allstate introduced a new flexible type of life insurance policy with savings and investment options called Universal Life Insurance.

Allstate went public in 1993 after Sears sold 19.8% of the company, making its public offering the largest to date in the U.S. In 1995 Sears sold its remaining ownership, making Allstate a 100% publicly held corporation. Today, Allstate provides superior protection and retirement solutions to over 16 million households. Based in Northbrook, Illinois on a 122-acre tract, Allstate employs more than 70,000 insurance professionals across the country.

The company caters to the unique needs of a diverse clientele and has won awards for embracing diversity in the workplace and offering advancement opportunities to women in particular. In 2005, InformationWeek named Allstate as one of the top 50 innovative users of information technology. Fortune magazine ranked Allstate as the second most admired company in the Property and Casualty industry in 2005. Hispanic Business magazine ranked Allstate in the Top 50 Companies for Hispanics in 2005 and 2008. In 2009, Newsweek recognized Allstate as one of “100 Greenest Companies in America.”

Subsidiaries of Allstate include: Encompass Insurance, Esurance, SquareTrade, Allstate India, Allstate Canada, Allstate Northern Ireland Limited, Answer Financial and Arity.

Allstate Facts & Ratings

Year Founded 1931
Market Share 4.9%
Financial Strength Excellent
JD Power Ranking About Average
BBB Rating A-
NAIC Complaint Index 1.03
Moody’s Rating Aa3
S&P Rating AA-

Allstate Mobile App Rating

iOS 4.8 238K user reviews
Android 4.4 28K user reviews

The Allstate Mobile app is available for iOS and android. It offers instant agent access, digital ID cards, the ability to see policy documents, choose modes of communication and manage claims with the option of uploading photos of damage after an accident. Drivewise measures safe driving behavior and can earn customers discounts. The app also features an Escape Route that creates a safe path to exit a fire.

Pros & Cons of Allstate

  • Allstate is the third largest auto insurer in the U.S and offers insurance in all states.
  • There are more than 19,000 independent contractor agents across the country so it’s easy to find an agent in your area.
  • Allstate offers a range of insurance packages that can be customized.
  • The Allstate app is very helpful for managing your account.
  • Allstate does not offer rideshare insurance for Uber and Lyft drivers.

Common Questions about Allstate

How much does Allstate car insurance cost?

Car insurance rates and policies vary based on many factors used to determine risk. The average monthly rate according to our studies was $170/month.

How much is Allstate car insurance with full coverage?

You should expect to pay more for full coverage but you’ll also have added protection. Car insurance quotes vary based on several factors used to determine risk.

Is Allstate good insurance?

Allstate is one of the oldest and most reputable insurance companies in the U.S.

What are the deductible rates for car insurance at allstate?

Common deductible amounts for auto insurance are $500 and $1000. Allstate also offers a vanishing deductible.

What do I need to get Allstate car insurance?

To buy Allstate car insurance you’ll need a license, a car and the declaration page of your current insurance carrier. You will also need additional paperwork as it relates to discounts.

What is the average amount of insurance with Allstate?

Because every car is rated differently and there are many other factors used to calculate risk, An average estimate for a 6-month rate is just over $1,020.

What is the cost of Allstate car insurance yearly?

Car insurance prices fluctuate based on many factors that indicate risk. An average yearly rate is around $2,040.

What is the yearly rate you pay at Allstate for car insurance?

Car insurance prices are lower if you pay the annual balance upfront. Annual premium cost for coverage is about $170. Car insurance rates are based on many factors used to determine risk so your rate may be lower or higher.

Is Allstate a good car insurance company?

Allstate is one of the oldest and most reputable insurance companies in the U.S.

Is Allstate rated as a good company for car insurance?

Allstate is the nation’s third-largest insurer. While the carrier offers great protection, it is one of the more expensive insurers as well.

Is Farmers insurance cheaper than Allstate?

On average, Farmers insurance is cheaper than Allstate. With that said, insurers use complicated algorithms to derive rates, so your best bet is to get a free quote.

How does the price of allstate insurance compare with others?

On average, Allstate is more expensive than most of its competitors, with State Farm following closely.

How much does it cost to add a 16-year-old to car insurance with Allstate?

The answer to this question depends on the rate of the insured. The average cost of car insurance for teens ages 16-19 is more than $2500. Expect that your rate will increase significantly if you add a teen to your policy.

How long does Allstate take to settle a claim?

The amount of time it takes to settle a claim varies according to the circumstances and severity of the accident. It can take weeks to months.

How does Allstate determine if a car is totaled?

Your car is determined a total loss if the cost to fix the car exceed it’s Kelley Blue Book Value.

Should I call my Allstate agents if it wasn't my fault?

Yes, you must report all accidents to the police and your Allstate agent.

How much does Allstate charge for full coverage insurance?

Prices vary according to a whole set of factors, which include age and driving history as well as the value of your car and how much protection you elect for it.

Does Allstate cover motorcycle?

Yes, Allstate sells motorcycle insurance.

Are Allstate insurance quotes free?

If you get an Allstate insurance quote through SmartFinancial, you do not pay a fee.

How can I check the status of my claim?

You can speak with your Allstate agent.

How expensive is teen insurance for Allstate?

Teens have the highest insurance rates across the board. However, each teen has different circumstances. If you are a teen and get good grades, you are eligible for a discount with Allstate.

Does Allstate have accident forgiveness?

Yes, this is an add-on insurance with which your rate doesn’t rise if you are found to be at fault for your first accident.

Allstate Insurance Products

Car Insurance Business Insurance
Homeowners Insurance Life Insurance
Renters Insurance RV Insurance
Condo Insurance Landlord Insurance
Motorcycle Insurance Roadside Assistance Coverage

Allstate Auto Insurance Coverage

Bodily Injury Liability

This form of coverage is required in every state. It covers bodily injuries to a third party in an accident that was deemed your fault.

Property Damage Liability

This form of coverage is required in every state. It covers property damage and loss of use to a third party.

Uninsured/Underinsured Motorist

This form of coverage covers damages when the other party is at fault but is either uninsured or underinsured.

Comprehensive Coverage

This coverage pays for damages and loss other than that caused by a collision. It is subject to a deductible.

Collision Coverage

This coverage pays for damages and loss caused by impact with another automobile, object or person. It is subject to a deductible.

Automobile Medical Payments (or Personal Injury Protection)

This type of protection will cover you if you’ve been injured in an accident, regardless of who’s at fault. Coverages include income continuation, loss of services, funeral expenses and child-care expenses.

New Car Replacement

Allstate offers new car replacement, which means that if your car is two model years old or less, the company replaces the car completely, not just the depreciated value.

Towing & Labor

This is an optional coverage that reimburses the insured for the towing and labor involved.

Rental Reimbursement

This coverage will reimburse the insured for rental expenses while the vehicle is being repaired due to a covered loss.

Sound System Coverage

Allstate will replace stolen or damaged equipment, speaker and speaker components in your vehicle.

Discounts

New Car Discount Allstate eSmart Discount
Multiple Policy Discount FullPay Discount
Smart Student Discount Early Signing Discount
Anti-lock Brake Discount Responsible Payer Discount
Anti-Theft Device Discount Safe Driving Bonus
New Car Discount Deductible Rewards
EZ Pay Plan Discount

Allstate Auto Insurance Rates by State

State Avg monthly rate
AK $125
AL $129
AR $167
AZ $202
CA $171
CO $163
CT $233
DC $215
DE $160
FL $168
GA $176
HI $86
IA $135
ID $125
IL $191
IN $130
KS $133
KY $182
LA $246
MA $205
MD $202
ME $94
MI $588
MN $156
MO $118
MS $166
State Avg monthly rate
MT $125
NC $100
ND $141
NE $120
NH $153
NJ $207
NM $170
NV $235
NY $206
OH $125
OK $149
OR $175
PA $166
RI $245
SC $119
SD $157
TN $157
TX $216
UT $141
VA $163
VT $117
WA $141
WI $145
WV $148
WY $157

Allstate Auto Insurance Rates by Vehicle

Number of Vehicles Avg Monthly Rate
1 Vehicle $213
2 Vehicles $290
3 Vehicles $379
4 Vehicles $461
5 Vehicles $525
6 Vehicles $361

Allstate Auto Insurance Rates by Homeownership

Own/Rent Avg Monthly Rate
Own $228
Rent $227

Allstate Contact Info

Address P.O. Box 660598, Dallas, TX 75266-0598
Phone 1-877-810-2920
Website https://www.allstate.com
Facebook https://www.facebook.com/allstate
Twitter https://twitter.com/allstate
Youtube https://www.youtube.com/allstate
Linkedin https://www.linkedin.com/company/allstate/

Methodology
The statistics listed on this page are from our own in house reporting. We track and record quotes that carriers have provided based on various criteria. The rates and averages shown on this page should only be used as an estimate.

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