How Much Does an Average Allstate Auto Insurance Policy Cost?
Last Updated on January 5, 2022
Allstate is America’s fourth-largest car insurance company, trailing only State Farm, GEICO, and Progressive.
According to our research, the average Allstate auto insurance policy costs around $1,503 per year for full coverage car insurance. However, rates vary widely based on state, driver history, and demographic factors.
How much does the average Allstate auto insurance policy cost? How much should you spend on your Allstate auto insurance policy? Keep reading to discover everything you need to know about the cost of the average Allstate auto insurance policy.
Table of Contents:
- The Average Allstate Policy Cost
- Factors that Impact the Price of Allstate Insurance
- What Makes Allstate Unique?
- Allstate Auto Insurance Discounts
The Average Allstate Policy Costs $1,503 Per Year
The average full coverage car insurance policy in the United States costs around $1,450 per year. Allstate is close to that average, although it’s slightly higher: customers can expect to pay around $1,503 per year for full coverage car insurance with Allstate, according to our research.
Like other insurers, Allstate offers many discounts to lower the cost of car insurance even further. Safe drivers qualify for steep discounts, for example. Full-time students, low mileage drivers, and homeowners could also qualify for further Allstate auto insurance discounts.
Allstate also customizes quotes based on driving history, demographic data, state law, and hundreds of other factors.
Because of all of these factors, Allstate could charge anywhere from $852 to $3,094 per year for full coverage car insurance, according to rates provided to our model driver profiles.
Factors that Impact the Price of Allstate Insurance
Allstate, like any insurer, considers hundreds of factors when calculating auto insurance premiums. Auto insurance is all about risk. The riskier you are to insure, the more Allstate will charge for auto insurance.
Some of the biggest factors that impact Allstate’s auto insurance premiums include:
Driving History: The biggest indicator of a future accident is a history of past accidents. Drivers with multiple at-fault accidents, speeding tickets, reckless driving citations, and similar incidents on their driving history will pay more for Allstate auto insurance than drivers with a clean record. Like all insurers, Allstate rewards safe drivers while charging higher rates to unsafe drivers.
State Law: Drivers in Michigan pay nearly three times as much for car insurance, on average, as drivers in Maine. Insurance laws vary widely between states. Because Allstate operates in all 50 states, the company charges much different rates between states. Some states have no-fault insurance systems, for example, that raise costs for insurers. Other states have relatively low liability limits, which lowers the potential price insurers pay after an accident. Because of these state laws, Allstate’s average auto insurance costs vary widely across the United States.
Discounts: Drivers can save hundreds of dollars on Allstate auto insurance by taking advantage of discounts. Like all insurers, Allstate offers many discounts to make car insurance more affordable. You can find safe driving discounts, good student discounts, and low mileage discounts, among other perks.
ZIP Code: Allstate, like all insurers, considers your ZIP code when calculating insurance premiums. Some ZIP codes have higher property crime rates than other ZIP codes. Other ZIP codes have high traffic density and greater rates of accidents. Generally, drivers in larger cities tend to pay more for car insurance than drivers in smaller towns.
Age, Gender, and Demographic Data: Allstate uses age, gender, and other demographic data to calculate insurance rankings. Young men tend to pay more for car insurance than young women, and middle-aged and older men tend to pay less for car insurance than women of the same age. It’s all about statistics, and Allstate uses demographic stats to fit each driver into an estimated risk profile.
What Makes Allstate Unique?
Allstate insures millions of drivers across the United States. They’re one of the largest insurance companies in the country. But what makes Allstate unique? Why pick Allstate over other providers? Here are some of the perks provided by Allstate:
Strong Claims Satisfaction Scores: Allstate tends to score higher than competing providers on J.D. Power rankings and similar studies, which means Allstate has higher-than-average claims satisfaction scores. Customers tend to be happy with how Allstate covered their claims. Generally, Allstate has higher claims satisfaction rankings than GEICO, State Farm, and Progressive.
Local and Personal Service: Allstate emphasizes a more customer-focused approach to auto insurance. Instead of dealing with a faceless institution, you might interact with your local Allstate agent. If you like the idea of interacting with a human being for your auto insurance needs, then Allstate may be a good option.
Parent Company of Esurance: If you want the Allstate experience without the personal service, then Esurance may be a good option. A subsidiary of Allstate, Esurance offers strong auto insurance products and services at discount rates – all while offering a strong selection of discounts.
Large Company: Allstate is the second-largest publicly traded property and casualty insurance company in the United States. If you want the amenities, availability, and product offerings of a large company, then Allstate is one of the best options in the United States.
Allstate Auto Insurance Discounts
The average Allstate auto insurance policy costs around $1,503 per year. However, you could lower rates hundreds of dollars by taking advantage of Allstate discounts.
Some of Allstate’s best auto insurance discounts include:
New Car Discounts: If you have a new vehicle and are the first owner of the vehicle, then you could qualify for Allstate’s new car discount. Not available from all insurers, Allstate can slightly lower the cost of car insurance if you’re a new driver.
Multi-Policy Discount: If you have multiple policies with Allstate, then you can bundle auto insurance, home, and renters insurance together to save money. Bundling multiple policies together can save you 5% to 20% across all policies.
Smart Student Discount: Full-time students under 25 who meet certain grade requirements will qualify for a smart student discount with Allstate. Statistically, students with good grades are safer to insure than other students. You must have a B- average or 2.7 GPA or above to qualify for this discount. Allstate also requires you to complete the teenSMART driver education program and attend school at least 100 miles away from where your car is garaged to qualify for this discount.
EZ Pay Plan Discount: Setup automatic withdrawals with Allstate to qualify for an EZ pay plan discount.
Allstate eSmart Discount: Setup paperless billing with Allstate to save money.
Allstate Drivewise: Drivewise is Allstate’s telematics program. With Drivewise, Allstate monitors your driving habits and offers you discounts based on how well you drive.
FullPay Discount: Allstate’s FullPay discount gives drivers a small discount if they pay their auto insurance policy in full upfront.
Safe Driving Club: If you meet Allstate’s safe driving club requirements, then you could qualify for a discount.
Early Signing Discount: If you sign your policy 7 or more days before it becomes effective, you could qualify for an early signing discount.
Other Discounts: Allstate offers discounts for anti-lock brakes, anti-theft devices, on-time payments, loyalty, and more.
Final Word – Allstate Insurance Policy Average Cost
Allstate is one of the largest and best-known car insurance companies in the United States. Covering millions nationwide, Allstate continues to be a top choice for drivers who like strong claims satisfaction.
According to our research, the average Allstate driver pays around $1,503 for full coverage car insurance. Contact Allstate or compare quotes online today to see how much it costs to buy car insurance with Allstate.