The Allstate Corporation, established by Sears Roebuck and Company in 1931, is headquartered in Northfield Township, Illinois, and also has offices in Canada.
In 2011, Allstate claimed a total revenue of more than 32.6 billion dollars, most of it from property liability policies. Allstate had more than 18 million dollars in premiums written in 2013. Today, Allstate holds nearly 11 percent of the total market share, making it the second largest insurance carrier in the United States, behind only State Farm.
In terms of customer satisfaction, Allstate ranks 4th on a list of the top ten best auto insurance companies in the U.S. based on affordability, value, and quality of customer service. Allstate, Progressive, and Esurance all offer 24-hour customer service, and policy holders can pay their bills online.
The company is well known to consumers, due to extensive national advertising. We all know we’re in Good Hands with Allstate. As part of its advertising campaign, Allstate sponsors sporting events such as the Allstate Sugar Bowl and the United States Olympic Committee.
Allstate provides insurance policies for almost any insurance-related need – from life insurance to home insurance to business insurance to car insurance, all over America.
The average annual car insurance premium paid in the United States was $907.38 in 2014, according to a study commissioned by Quadrant Information Services. Allstate’s premium rates remain competitive with the rest of the insurance market. To remain competitive, Allstate offers a full range of featured discounts on auto insurance:
For example, Allstate has a program called Drivewise®, which can be downloaded as a mobile app or installed in your vehicle. Drivewise tracks your safe driving habits, which can earn you as much as 30 percent in savings on annual premium costs.
Allstate’s Driving Discounts program encourages drivers to proactively develop, improve, and maintain safe driving habits. The Premier discount saves you up to 22 percent for going three full years with no accidents or moving violations. The Premier Plus discount scores 35 percent off after five years. The TeenSmart discount offers 10 percent off annual premiums to teens who successfully complete Allstate’s teenSMART driver education program. A similar programs is available to drivers who are at least 25 years old.
Here’s a list of Vehicle Discounts available from Allstate:
Earn a 30 percent Passive Restraint Discount for driving a car with factory installed airbags, automatic seat belts, or other approved personal safety features. Save another 10 percent if your car is equipped with anti-lock brakes, and another ten percent for installing an approved anti-theft device.
If you are the original owner of a car that is less than two years old, Allstate’s New Car Discount can slash as much as 30 percent off your annual premium. Buy an eco-friendly economy car and save another 10 percent for driving green. Additionally, savings of up to fifteen percent are available to owners of farm vehicles and certain utility vehicles.
The way you manage your policy can also help you save money. Here’s a list of Allstate’s Policy Discounts:
Sign up for automatic payment from your bank account and save up to five percent with Allstate’s EZ Pay Plan. Save another ten percent on Allstate’s eSmart Program, by which you manage your policy online. Save another ten percent by paying off your annual premium in full, instead of making monthly payments. You can also score a multi-policy discount by having more than one Allstate insurance policy. For instance, you can combine life insurance or home insurance with car insurance, or you can insure more than one vehicle.
Other policy management discounts offered by Allstate include ten percent off when you sign your policy at least one week before it becomes effective.
Allstate also features Lifestyle Discounts. These include ten percent off for drivers 55 and older who are not actively seeking full time employment, and up to 20 percent savings for students under the age of 25 who get good grades.
As car insurance goes, Allstate is probably as good a carrier as any other insurance company. Still, it never hurts to call around and compare quotes. Some Allstate reviewers say they received lower quotes from State Farm and Progressive.