Tyron Jones
Personal Finance Expert
Updated: 02/2022
Tyron Jones is a finance expert who has operated within the auto insurance business for more than 10 years. He has written many other finance related articles for a number of prominent publications.
Car insurance is a very competitive business among many companies in the US. This means that car owners can select the company that they find suitable as their insurer based not only on price but a number of factors. However, in spite of the large number being a blessing, for many people, it all adds confusion in their decision to select the preferable insurer. Indeed choosing a car insurer can be hectic. However, this conundrum can be overcome provided that one considers all the necessary parameters that many insurers look at while determining the pricing of premiums. Such parameters include the individual’s location, the type of car, and the driving record, among many others. Some companies offer discounts while others don’t.
Introduction
All in all, every company has its advantages as well as its shortfalls. On that note, you should first comprehensively research on the terms of engagement of each company before deciding on the one to settle on. This article will focus on two of the popular brands in the US in offering car insurance service. These are Allstate and State Farm insurance companies. By checking on the various similarities as well as differences between these two reputable companies, your decision will be easier. Therefore, read on to understand the finer details of the terms of these two mega insurance companies.
Allstate versus State Farm- Credit Score
Do you know that most insurance companies will check on how you’ve been paying your loans to banks and other financial institutions before determining your premium price? Well, if you weren’t aware, this is what happens. Insurance companies prefer to deal with individuals with a good credit score as it is also the case with credit companies. The logic is that an individual who pays loans on time will also honor premium payments without fail. As such, those with a good credit score are favored. However, does it mean that individuals with a poor credit score are doomed? The answer is no. Everyone stands a chance only that the premium might be a little more expensive for those with a poor score than individuals who have a clean bill.
If you have a poor credit score, you’ll have a comparatively cheaper premium rate when you engage Allstate rather than State Farm. A driver with a credit score of below 580 is ranked as very poor. Such an individual will get an average annual premium rate of $3,117 at Allstate, which is cheaper as compared to the $3,522 that is charged by State Farm.
On the other hand, those with an impressive credit score should engage State Farm instead of Allstate. State Farm charges an average annual premium rate of $1,260 for drivers with an exceptional credit score. Allstate charges $ 1,743 for those with a score of 800 and above. This means that individuals who have an outstanding rating and are subscribed to the State Farm premium will save an average of about $ 483.
From the above data, it is clear that having a good credit score grants you the chance to save a lot on insurance premiums. Therefore, drivers should strive to improve their score as it will aid them to spend less on insurance premiums.
Allstate versus State Farm- High risk insurance
Some drivers are more prone to causing accidents than others. Wondering why this is the case? Statistics from various studies conducted in the past show that the leading cause of repeated accidents in many cases is drunk driving. On that note, insurance companies will tend to be more lenient to drivers who are less likely to be involved in accidents. As an incentive, insurance companies’ premiums are cheaper for careful drivers than for those who drive recklessly. Both Allstate and State Farm are similar in this aspect.
However, State Farm ranks slightly higher in offering cheaper premiums than Allstate to people who are less likely to cause accidents. There’s, however, the exception for the driver under influence (DUI) category. In this area, Allstate is cheaper. All the other areas such as the speeding ticket, reckless driving and at fault accident are less expensive in State Farm than Allstate. However, for the DUI subclass, State Farm charges an annual average premium of $3854, which is higher than the $3,637 charged by Allstate.
Therefore those with a high risk driving profile or requiring SR22 insurance should go for the Allstate premium. High risk auto insurance rates are, however, dependent on the severity of the accident. You, therefore, need to conduct adequate research on the finer details before deciding which company to engage.
Allstate versus State Farm- Rates by ages
Car insurance companies are very sensitive to the ages of their clients. Young people are likely prone to causing accidents. They are more adventurous while driving, and this predisposes them to accidents while driving. Most young people below 25 years old are inexperienced in driving. For that reason, insurance companies tend to be a bit hard on them and as a result, charge them more expensively than middle-aged individuals. If you are young, you shouldn’t worry about getting insurance as the two companies are also considerate to you. However, you need to know that you won’t find the premiums so appealing to subscribe to. But this is not meant to push you away. Instead, it is intended to make you more watchful while out on the roads.
For young people who have little experience in driving, State Farm should be the insurer of choice over Allstate. For example, for teens, State Farm charges an average annual premium of $5,820 while for the same age bracket, Allstate charges $6,442. This means that a teen driver will save about $622 if they choose State Farm auto insurance over Allstate. With regard to age, it is generally cheaper to engage State Farm over Allstate. This includes even premiums for drivers aged over 60 years.
Allstate versus State Farm- Roadside Assistance Services
If you’ve ever had an accident, you understand how hectic it is to get your vehicle from the scene, especially if it is largely deformed. But such a worry shouldn’t be present while you have a reputable insurance company by your side. These days, the top insurance companies are ready to offer towing services if you happen to get caught up in a vehicle breakdown at a location where there’s no one to help. Other services available include the delivery of fuel to remote places. Allstate and State Farm are some of the conventionally known insurance companies are dedicated to roadside assistance services.
State Farm offers its clients roadside recovery services at the scene of an accident. This includes providing towing services. Also, if your vehicle encounters a breakdown even without being involved in an accident, State Farm Company is there to assist. The company sends its representatives to the scene to help the client fix what has gone amiss. Even when your car has run out of fuel, State Farm can help you fix it by bringing you everything that you require at the point of the breakdown.
Allstate insurance also offers roadside assistance, and the clients do not have to pay an annual fee. This service is not part of the yearly premium payment. Instead, customers pay for it whenever they need roadside assistance. The company is not exploitative to its customers as the charge as little as $99 for towing a car from the breakdown or accident scene to where it is required. If your vehicle has a flat tire, needs a jumpstart, or has run out of fuel, just call Allstate insurance. The company’s representatives will bail you out of the problem you are facing as fast as possible for a low fee of about $84. Clients can also to prepay for the roadside assistance services instead of having to pay every time the Allstate insurance comes to the rescue of a vehicle breakdown.
Allstate versus State Farm- Additional discounts
All insurance companies are in business. Therefore, to draw customers, many of them give discounts to their clients. State Farm gives its customers a discount for vehicles owning vehicles that were made from 1994 onwards. This discount aims to encourage customers to settle for newly built cars that are less likely to breakdown. The discount also depends on the make of the vehicle.
Owners of utility and farm vehicles are also given a discount by Allstate insurance. Also, retired individuals are also provided a discount to encourage them to stay covered.
Allstate versus State Farm- Similarities
It is also imperative to check out the similarities of these insurance companies. Both are rated exceptionally in the JD Power Rankings. Also, the two companies have a superior financial strength meaning that clients shouldn’t worry that probably the companies might get bankrupt and fail to pay them in the event of a claim. Also, a considerable number of clients have commended both companies as having excellent customer service.
Some of the auto insurance services offered by Allstate and State Farm include boat insurance, condo insurance, motorcycle insurance, mobile home insurance, and life insurance. Also, both companies have add on services for their customers. All that one needs to do is to check on the companies’ respective websites for more information about their services
Final Say
In a nutshell, both companies are exceptional regarding the services that they give to their clients. It is, therefore, the decision of the customer to decide which one is most appealing regarding fulfilling their insurance needs. However, from the information provided above, it is apparent that State Farm is without a doubt is the most appealing companies regarding the two in almost all aspects. If it’s about which company offers the low cost car insurance to teens, State Farm trumps Allstate. Also, State Farm is also the most appealing company for individuals who are at a high of causing an accident anytime.
Both companies offer cheap premiums depending on a number of factors that are unique to your situation. Therefore, get a customized quote and select one that suits you the most. Remember to read all the terms and conditions when subscribing to any auto insurance policy. This will help you avoid disappointments in the future after finding that there’s a crucial bit that you never knew existed while it is too late.
FAQ
General Allstate Car Insurance Questions
This section will answer the general questions you have about Allstate car insurance.
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What is Allstate DriveWise?
Allstate DriveWise is a program that tracks how you drive to adjust your insurance premium rate. Safe drivers can get a discount or refund on their premium.
Is Allstate insurance good?
Lots of people think so. Allstate insurance has been around for a long time. They’re frequently among the most affordable options for coverage within a state. So if you’re looking for a lower car insurance rate they may be a good option.
What is Allstate fire and casualty insurance company?
Allstate fire and casualty insurance company is the full corporate name for the insurance company that does business under the Allstate brand.
Can I buy Allstate insurance online?
Yes, you can buy Allstate insurance online. Their website will walk you through the process of getting your insurance policy.
How is Allstate insurance rated?
Allstate insurance generally rates well to average among professional insurance reviewers. For example, NerdWallet gave them 3.5 stars out of 5.
How long has Allstate been in business?
Allstate was founded in 1931, which means it’s been operating and in business for almost 90 years as of this writing.
Is Allstate open today?
That depends on your local Allstate office. Each office and agent can set their own operating hours and days of operation.
Allstate Car Insurance Prices and Payment
We’ll answer the most common questions about Allstate car insurance prices and payment in this section.
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How much is the safe driving bonus check from Allstate?
That depends on how much you pay for insurance. The refund check can be worth up to 5% of your insurance premium. This can be helpful if you have been noticing an auto insurance rates increase for various reasons.
How much is the Allstate bonus check?
The value of the Allstate bonus check depends on your specific driving and how much your car insurance costs. The maximum value is 5% of your insurance premium.
Does Allstate price match?
Allstate doesn’t have a specific price matching policy. However, you should talk to your local agent to see what they can do for you. Ask about no down payment auto insurance if they have it.
Does Allstate offer military discounts?
Allstate doesn’t have a specific program that offers discounts to current or former members of the military.
Allstate Car Insurance Claims and Coverage
This section covers some of the most popular questions people have about Allstate car insurance claims and car insurance coverage.
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Does Allstate cover rental cars?
Yes, if you have Allstate as your primary car insurance, then your policy will cover any rental cars as well.
Does Allstate offer gap insurance?
Yes, you can obtain gap insurance with your Allstate car insurance policy. This is usually cheaper than getting it from a dealership.
Is Allstate platinum plan worth it?
That depends on your specific situation. If you have a brand new car and want to be sure you get the full value of what you paid, then the platinum plan can be a good idea. Also remember leasing car insurance requirements may be more pricy.
Does Allstate cover locksmith?
In most cases, yes. Locksmith services are usually covered under Allstate’s Roadside Assistance plan, which you can add to any policy.
Does Allstate cover rebuilt titles?
In most cases Allstate doesn’t cover rebuilt titles. However, there are exceptions based on state law and other factors.
Does Allstate cover Uber drivers?
Allstate has policies designed to cover Uber Drivers. They are managed by Allstate Business Insurance. You’ll need to talk to an agent or go to their website for more information on your situation.
Is Allstate available in all states?
Yes, just like the name says, you can get Allstate car insurance in all 50 states across the nation.
Does Allstate pay for pain and suffering?
Sometimes, but you should talk to a lawyer about your case and specific auto insurance claim if you want compensation for pain and suffering.
What does Allstate full coverage auto insurance cover?
Allstate doesn’t have a product called full insurance. They offer comprehensive insurance which covers liability as well as any damages to the vehicle when it’s not on the road. We do help you find cheap full coverage auto insurance on our site though.
Does Allstate cover cracked windshields?
In most cases, yes. They even waive your deductible depending on the size of the damage to your windshield.
Does Allstate pay diminished value?
They do not advertise diminished value claims. However, you might still be eligible for a diminished value claim. A lawyer can help you understand if you have a case for diminished value.
Other Allstate Car Insurance Questions
We’ll answer Allstate questions that don’t fit into our other categories here.
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How do I contact Allstate corporate office?
You can contact Allstate’s corporate office by calling 1-877-810-2920, tweeting to @Allstate, or through email on the contact us page of their website.
Is Allstate roadside assistance 24 7?
Yes, Allstate roadside assistance is available to help you through difficult times 24 hours a day, 7 days a week.
Where is the Allstate arena located?
Allstate Arena is located at 6920 Manheim Rd, Rosemont, IL, 60018.
General State Farm Car Insurance Questions
This section answers the basic questions you have about State Farm car insurance.
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What time does State Farm open?
That depends on your local State Farm office. Each office can set its own operating hours.
Does State Farm have accident forgiveness?
You can get accident forgiveness with State Farm if you’ve been with the company and accident free for at least nine years. So this may not be the best place to find cheap auto insurance for bad driving records.
Is State Farm open on Saturday?
Usually only by appointment. Most State Farm offices are closed on Saturday, but each office gets to set its own operating hours.
What type of insurance does State Farm offer?
State Farm offers a wide range of insurance products, including liability car insurance, comprehensive car insurance, home insurance, life insurance, and more.
State Farm Car Insurance Prices and Payment
We’ll cover the most popular questions about State Farm Car Insurance prices and payments in this section.
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How much is State Farm car insurance per month?
On average, State Farm customers pay about $124 per month for car insurance. However, your quote will be different based on your driving record, car, where you live, and more.
What happens if you miss a payment with State Farm?
If you notify your agent ahead of time, then you will probably be able to arrange a grace period of a few days. After that, you risk late fees and losing your car insurance coverage for non-payment.
Can I pay my State Farm bill online?
Yes, you can pay your State Farm Bill online by going to their website and logging in to your account.
How to lower car insurance State Farm?
State Farm offers several programs that can lower your car insurance, like discounts for good grades, additional driver training, bundling insurance, and more. Contact your local agent to see what programs you can qualify for. Ask them if they offer a low mileage insurance discount.
How to pay State Farm bill online?
It’s easy to pay your State Farm bill online. Just go to their website and log on to your account. From there, you’ll see a tab that’s labeled as Pay My Bill. Follow the steps to complete your payment.
State Farm Car Insurance Claims and Coverage
This section answers the most common questions people have about State Farm car insurance claims and coverage.
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Does State Farm cover rental cars?
Yes, if you have State Farm as your primary car insurance, then they will cover your rental cars at the same limit as your standard policy.
Does State Farm offer gap insurance?
State Farm has a program that’s similar to gap insurance called Payoff Protector. This is a one-time fee program that will cover the difference between your insurance award and what you owe on your car. Learn more about how to shop for auto insurance and find the specific insurance for your needs.
What does State Farm full coverage auto insurance cover?
State Farm’s comprehensive coverage protects your car from damages on the road and off, including storm and weather damage, vandalism, fire damage, and more.
When is a car totaled State Farm?
State Farm will usually consider a car to be totaled when the cost of repairs exceeds 75% of the car’s fair market value. This can change according to state law.
What does liability insurance cover State Farm?
Liability car insurance protects you from damages you cause up to the limits stated in your policy and on your insurance card.
What happens if my car is totaled State Farm?
If your car is totaled, then State Farm will send you a check for the fair market value of the car minus your deductible.
How long does State Farm take to send check?
That depends on lots of details. Some claims go faster than others. You should talk to your State Farm agent to find out when your check will be issued.
Will State Farm insure a car not in my name?
Not in most cases, however, specific State Farm agents might be able to help you, depending on the details involving your situation.
Does State Farm cover blown engines?
That depends on what caused the engine to go. If the engine was damaged in the course of an accident or by something that’s included in your policy coverage, then yes. However, it won’t cover the engine dying due to normal wear and tear. Remember there is also State Farm classic car insurance if you’re looking to save money on your collector car.
Does State Farm insurance cover towing?
State Farm will pay reasonable towing costs if you have their Emergency Road Service coverage.
How to report an accident to State Farm?
The best way to report an accident to State Farm is by contacting the number listed on your insurance card. The agent will walk you through the steps of filing your claim.
Does State Farm cover cracked windshields?
Yes, State Farm will cover windshield repairs and replacements. Your deductible may or may not apply, depending on the damage.
Does State Farm cover DUI accidents?
That depends on a lot of different factors. The insurance company may deny payment for injury treatment according to the details of your case. DUI insurance can be found with other companies though.
Other State Farm Car Insurance Questions
This section contains the State Farm car insurance questions people have that don’t fit into our other categories.
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Does State Farm have roadside assistance?
Yes, you can add 24/7 Emergency Road Service protection to any State Farm auto insurance policy. This may be different for State Farm rideshare insurance so be sure to ask about it.
Does State Farm report to Carfax?
Most of the information Carfax gets comes from state title agencies, police reports, and repair shops. We couldn’t find information on State Farm’s relationship to Carfax in terms of reporting.
How far back does State Farm look at driving record?
State Farm will always look at the maximum driving record allowed by state law. That means how far back they’ll look depends on what state you live in.
