All the answers to your frequently asked questions about Allstate Insurance.
Auto insurance is a type of insurance that can be essential to purchase, depending on the level of risk you might be at. But what exactly is an Allstate Insurance?
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What is Allstate Insurance?
Allstate Insurance Company was founded in 1931 and since then has been writing insurance policies in all fields. It began as a mail-order auto insurance company that quickly expanded its product line.
Allstate has always strived to put emphasis on safety. Whether it’s for auto insurance or home insurance. Customers now recognize Allstate insurance as the leading insurance company for auto insurance, home insurance and renters insurance.
Who owns Allstate Insurance?
Allstate Insurance is owned by General Robert E. Wood who was the then president of Sears, Roebuck and Company. It has been publicly owned since 1995 and is headquartered in Northbrook, Illinois.
What does Allstate cover in auto insurance?
Allstate provides all the typical coverage options like collision coverage, comprehension coverage and liability coverage. But the reason why customers prefer Allstate is because of the additional benefits such as an accident forgiveness add-on, which means if you are in an accident where you are at fault, the company will not increase your rates. You may even get a safe driving bonus if you remain accident free for six months. Allstate also offers a new car replacement add-on which will replace your totaled car for a new one.
There are also plenty of discounts offered in case of Allstate insurance claims. If you decide to purchase auto insurance along with Allstate’s home insurance or renters insurance, you might get other discounts such as early signing discount and responsible payer discount. Young drivers can also get a student discount if they keep their grades up and pass a safe driving test.
Why is Allstate a good option?
- It is easy to file Allstate insurance claims.
You have three options. You can either file a claim online, through Allstate’s call center at 1-800-Allstate or through an insurance agent, making the whole process easy and hassle free.
Allstate’s mobile app is also available for iOS and Android users, making it easier to track claims, request roadside assistance, assess policy documents and contact an agent.
- Generous discounts.
Allstate offers generous discounts for every age through which you can considerably save up on premium costs. Its multi-policy discount is great for people who already hold a policy for Allstate’s homeowner’s or renter’s insurance. Students as well as parents can enjoy student discounts and senior citizens can take advantage of savings for good driving records.
- Allstate’s Drivewise program.
One of the key features of Allstate insurance is its Drivewise program which tracks your driving habits and trip data and rewards you for things such as avoiding hard braking, maintaining a safe speed and other safe driving habits. It is available on your iOS or Android phones and you can get a cash reward for driving safely.
Allstate’s additional policies:
In addition to Allstate’s homeowner’s insurance, renter’s insurance and auto insurance, Allstate also offers these policies:
- Condominium insurance
- Motorcycle coverage
- Business insurance
- Life insurance
- Identity theft protection
- Boat insurance
- Landlord policies
- Pet insurance
- Motorhome, ATV and snowmobile coverage
- Event insurance
How to cancel Allstate Insurance?
People often ask how they can make an allstate gap insurance cancellation.
In the event that you no longer want to continue with your Allstate insurance policy and want to cancel it, all you need to do is call your insurance agent. Your agent may ask you to provide a written request for the cancellation of your policy.
There are also websites like Truebill that can help you cancel your Allstate insurance subscriptions.
But the process is simple and fairly easy. You might not need any assistance to cancel your Allstate insurance policy. All you need to do is:
- Call your agent.
- Provide them with your name, policy number, date of birth and social security number.
- Request policy cancellation.
- Give the agent an effective date.
- Ask for a prorated refund if you are already half way through your policy term.
You can also choose to cancel by email, phone or cancel in person after which an allstate insurance cancellation letter will be issued to you.
Factors to consider before cancelling your policy:
- Do you have to prove new insurance to the state?
- When is the best time to cancel or switch?
- Is there a cancellation fee?
- Are you entitled to a refund?
- What are the state’s legal requirements about cancellation?
What should be your next step?
When you switch providers, it is best to reassess what kind of coverage you need. You should then apply this knowledge before purchasing another policy. You can take the help of an insurance agent who can help you figure out what is the best policy you can find in the rates most suitable for you.