Allstate
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About Allstate
Allstate Corporation is the fourth-largest personal lines property and casualty insurer in the United States, covering approximately 16 million households. Founded in 1931 as a subsidiary of Sears, Roebuck and Co. (spun off as an independent company in 1993), Allstate is headquartered in Northbrook, Illinois. Allstate sells through exclusive agents, independent agents (under the Encompass brand), and directly online. Key auto insurance features include Accident Forgiveness (first accident not counted against rates), Deductible Rewards (reduces deductible by $100/year without accidents), and Drivewise telematics (up to 40% discount for safe driving). Allstate also offers home, renters, life, and commercial insurance. In 2021, Allstate acquired National General Holdings for $4 billion, significantly expanding its independent agent distribution. Allstate generated $51.9 billion in revenue in 2023. The 'You're in good hands' tagline has run since 1950.
Frequently Asked Questions
Is Allstate a good insurance company?
Allstate is financially solid (A+ AM Best) and offers strong features like Accident Forgiveness and Drivewise telematics. However, its premiums tend to be higher than GEICO and Progressive, and it ranks below State Farm and USAA in J.D. Power customer satisfaction. It's a good choice if you value accident forgiveness and have an existing agent relationship.