How Much is Allstate Car Insurance?
Allstate was founded in 1931 by Robert Wood, one of Sears’ founding partners (the once popular department store chain). At the time, one of the most popular tire models sold at Sears was the "Allstate tire, " designed to be a good all-terrain tire for use in any state. Mr. Wood decided that the name was fitting and titled his first insurance company after it!
Today, Allstate is the third-largest insurance provider in the United States and provides coverage in all 50 states. You probably recognize their commercials by Dennis Haysbert's deep voice stating, "That's Allstate's Stand. "
How much does Allstate car insurance cost, though? Does the insurance provider live up to its own words, high expectations, customer satisfaction, good reviews, and historical legacy? What factors affect Allstate auto insurance rates?
In this article, we're going to take an in-depth look at the type of coverage Allstate offers, how much full-coverage and basic liability policies cost, their cancellation policy, what causes the insurance provider to increase rates, and whether or not Allstate is a good overall auto insurance provider.
Let's take a look!
According to our car insurance quotes research, Allstate is one of the more expensive car insurance companies in the United States.  The average car insurance cost that you will receive from Allstate for full coverage is $1,850 per year or $154 per month. The lower end was mostly made up of 60-year-old drivers with a clean driving record, while the higher end mostly covered 25-year-old drivers with a clean driving record as well.
This particular study did not  include drivers with poor credit, or mentioned drivers who had bad driving records or required SR22 coverage.
So Allstate full coverage insurance cost is $154 per month or $1,850 per year on average.Â
Allstate car insurance cost for minimum coverage is $65 per month or $785 per year on average.
This makes Allstate car insurance rates among the most expensive auto insurance rates from the companies that we reviewed.
Coverage Type | Cost Per Month | Cost Per Year |
---|---|---|
Full Coverage | $154 | $1,850 |
Minimum Coverage | $65 | $785 |
GAP Coverage | N/A | N/A |
Allstate typically allows policyholders to choose between six-months and twelve-month policies, depending on how long they want their car insurance policy to last, whether or not they bundle their home insurance with auto insurance and other factors.
Allstate may offer a slight discount for signing up for a longer twelve-month policy and for paying the entire policy upfront in one payment. However, most drivers end up paying a smaller monthly amount as it's more affordable.
So, using the information obtained from our research, a policyholder with a $2,000 per year full-coverage policy would pay around $167 per month, plus any taxes and fees that apply.
Despite the higher cost of an Allstate auto insurance policy, though, they do have one key feature that keeps customers in business with them- their accident forgiveness policy. Allstate offers this to forgive drivers for their first accident (great for young drivers) and provides incentives of around $100 per year for every year you go without an accident!
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The figures mentioned above were obtained from a recent study and were average numbers based on drivers from around the country. However, the true average annual amount that you'll pay depends on a number of different features such as the driver's age, driving record, credit score, city, and others.
Here's a brief breakdown of how these factors could affect your Allstate auto insurance policy.
Young drivers (under 25-year-old) typically pay a higher amount for car insurance coverage since they're more likely to be involved in an accident. However, once you pass age 25, you'll get considerable insurance discounts.
Allstate rewards drivers who don't get tickets and aren't involved in an at-fault accident with annual discounts. The better your driving record is, the safer of a driver you are, and the cheaper your collision coverage rates will be.
Allstate's car insurance rates are mainly based on two key components - overall driving record/history and your financial ability to pay them back. The higher your credit score is, the more reliable you are to make your payments on time, and the lower your monthly premium will be.
If you own a sports car with two doors, a bright paint job, or a big engine, then you're almost always going to pay more than the person driving an economy car with a high safety rating.
If you just opt for basic liability coverage, then your car insurance quotes will likely be around half of what you'd pay for a full-coverage auto insurance policy. This all depends on the minimum coverage laws for your particular state, though.
While some states only require drivers to have limited coverage with low per-incident coverage amounts , other states require drivers to keep higher property damage /liability coverage, collision insurance, uninsured/underinsured motorist coverage, comprehensive coverage, and others.
Allstate makes it easy to cancel your car insurance policy. All you need to do is call them up, tell them that you would like to cancel your existing auto policy, and then they'll remove the coverage from your account. During the conversation, the agent may ask you why you decided to cancel your policy or offer you a better deal on your policy to keep you as a customer.
In most cases, Allstate will not charge you an early cancellation fee, so that's a great reason to do business with them. However, Allstate's policies and terms do differ between states. So, while some states don't charge a cancellation fee, others will.
Allstate's accident forgiveness program ensures that you won't receive an immediate hike in your premiums for getting involved in your first accident. However, if you continue to display an unsafe driving record, get into more accidents, or receive more speeding tickets, then you may see a slight increase in your policy.
Other factors that may cause your Allstate auto insurance rates to go up include:
Your credit score dropping or missed payments.
Adding a new driver to your auto policy.
Purchasing a new vehicle.
Modifying or making expensive additions to your vehicle.
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Overall, Allstate is an excellent auto insurance provider. It received a 4.3 rating on our big car insurance quotes research. Despite their slightly higher premiums, they're still ranked #3 in the nation size-wise, are known for their excellent customer support, accident forgiveness policies, safe driver discounts, and provide a number of other benefits to policyholders.
While you should always compare car insurance quotes before signing the dotted line with a new insurance company, you can be rest assured that Allstate is one of the better insurance companies in the market!
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I just received a letter in the mail today and it is from Liberty mutual insurance and it had9 items wrong for denying why they are not going to cover my vehicles. I just had the insurance 3months ago and nothing like this had shown up in my files You wouldn't believe how wrong they got my report wrong. I didn't even ask for insurance from them. DON'T BUY ANYTHING INSURANCE FROM THE COMPANY, THEY ARE A BIG FRAUD AND WILL BE REPORTED TO THE BBB. I GUARANTEE THAT YOU WILL REGRET IT IF YOU DEAL WITH THESE IDIOTS. DO NOT EVEN THINK ABOUT PUTTING YOUR HARD EARN MONEY IN THEIR COMPANY.
I just had an appalling experience trying to cancel my Mom's AAA insurance after she developed dementia and stopped driving. They threw up every barrier to what should have been a simple process, and even refused to accept my Power of Attorney documents electronically. The representative was extremely rude and copped an attitude. I think they refuse to close accounts so they can keep fraudulently charging non-driving seniors. This is a crooked company, and nobody should do business with them.
On May 10, 2023, I was involved in an accident with one of USAA's clients. Everything proceeded smoothly until they decided to give me the runaround in repairing my car or compensating me for its worth. The adjuster was nowhere to be found, and it took me a couple of months to receive any response from them. They informed me that my car was a total loss and provided a specific amount they were willing to pay for it via email, stating that I could dispute it if I could find a car in the same category with the same mileage within a 100-mile radius. Unfortunately, I couldn't find an exact match, but I did find a vehicle that was one year older and one year newer, so I disputed the price they were offering. They assured me they would get back to me in a couple of weeks, but I never heard from them again. Frustrated, I took the step of filing a complaint against them with the Texas Department of Insurance and the Office of the Attorney General. However, I received no assistance beyond the insurance company responding to me and denying my dispute without providing any tangible reasoning. This was after three months of back-and-forth since my car accident, with no access to a replacement vehicle or rental car. Now, it has been five months, and they are attempting to push the responsibility onto my own insurance. These actions indicate that these individuals are playing games with people's lives, and there seems to be no one holding them accountable. It is disheartening to realize that we live in a country that is supposed to protect average citizens from being taken advantage of by large companies like USAA, but this has proven to be far from the truth. I have lost trust in the entire system, and I am determined to stop paying insurance premiums to these corporate entities that seem only interested in taking our hard-earned money every day, without delivering the support they promise.
I was shopping for auto insurance on 11th September 2023. Liberty took$8614 out of my bank that same night without my permission. And now they will not return my hard earned money. Every time I call ,they give me sorry excuses. And now they tell me that ,yes we took your money by fraud. Go write your congressman. But we'll give it back to you in 15 days. Meanwhile my bills are piling. Liberty Mutual stole my money. Please avoid Liberty Mutual at every cost.
I have dealt with many auto insurance companies in my life time but none as deceitful as AAA!! I signed up with a AAA insurance agent back in March. The premium I was would be $138/month-(all good). The agent told me I had to pay 4 months in advance so I gave my credit card to pay for the 4 months including the current month. One month later I received my monthly invoice for payment. The amount due had jumped from $138 (monthly) to $276. I called AAA and they said this was because of an accident that occurred 5 months prior where the other driver was at fault, though the case was still had yet to be closed. AAA would not accept the quoted premium of $138/month. So I shopped for a new insurance policy. A division of Farmers Insurance (Toggle) sold me their auto policy which was superior to AAA at $118/month with only $500 deductible. I canceled AAA and jumped onto the Farmers policy. I contacted AAA to cancel the policy and requested the 3 months paid in advance be reimbursed to me. I was told that I would not be reimbursed and in fact I was still responsible for the premium payment of $276 - that this payment would not be forgiven. I have since filed a claim with the BBB (Better Business Bureau) and if this fails I will take AAA to small claims court. Prior to this experience I respected the AAA name. I've learned that this company is simply TOO BIG and feel they can take advantage of their customers at will. I have since canceled EVERYTHING AAA (roadside service and an insurance policy). This big business corporation is NOT TO BE TRUSTED!!!!