Allstate
Allstate Insurance was founded in 1931 as an auto insurance company. The first policy, costing $41.60, was a 12-month policy for a 1930 Studebaker.
The name came from a car tire in the Sears catalog. Today Allstate ranks at No. 4 for private passenger auto insurance, behind State Farm, Geico and Progressive.
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Average annual rate for good drivers:
$2,022
Average annual rate for drivers with a speeding ticket:
$2,301
Complaint level:
Low
Pros
- Auto insurance complaints against Allstate are much lower than the industry average.
- Offers both usage-based and pay-per-mile insurance options for drivers looking to save money.
- If you are the first owner of a car that is the current model year or one year prior, you could save money on your premium payments.
- If you have an anti-theft device in your car, you’ll save money on your car insurance premium.
Cons
- Allstate car insurance rates are usually the highest among the largest auto insurers.
- Auto repair professionals give Allstate a C- grade for its collision repair processes.
- Customer ratings are below average for auto insurance claims satisfaction compared with other companies.
Details:
Grade from Collision Repair Professionals:
C-
Accident Forgiveness:
Yes
New Car Replacement:
Yes
Gap Insurance:
Yes
Diminishing Deductible:
Yes
SR-22s:
Yes
Usage-Based Insurance:
Yes
Pay-Per-Mile Insurance:
Yes
Discounts:
- Multiple policy discount: If you have more than one Allstate policy, you could save money off your premiums.
- Early signing discount: If you sign your policy seven or more days before it becomes effective, you could receive a discount.
- Responsible payer discount: If you haven’t received a cancellation notice within the past year, you can get a discount.
- Anti-lock brake discount. Driving a car with anti-lock brakes will save you money on your car insurance.
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