Paul Sanchez
Allstate does offer bundling for home and auto insurance. In fact, it is one of the top five carriers with the most significant or unique bundling discounts in 2024. The company offers a bundling discount of up to 25%, which allows policyholders to save a significant amount on their insurance premiums.
| Characteristics | Values |
|---|---|
| Company | Allstate |
| Bundling Discount | Up to 25% |
| Availability | All 50 states and Washington, D.C. |
| Customer Satisfaction | Below average |
| Add-ons | Home-sharing coverage, green improvement reimbursement |
| Average Premiums | Higher than some competitors |
| NAIC Complaint Index | High |
| J.D. Power Scores | Below the segment average for overall homeowners customer satisfaction and property claims satisfaction |
| Other Discounts | Claims-free discount, Rateguard endorsement |
What You'll Learn
Allstate's bundling discount and coverage options
Allstate offers bundling discounts of up to 25% when you purchase both home and auto insurance policies from them. This is one of the highest bundling discounts in the market. However, Allstate's average premiums are higher than some competitors for home and auto coverage.
Coverage Options
Allstate offers standard coverage that is similar to its competitors for both auto and homeowners insurance policies.
Auto Insurance Coverage Options
Allstate provides optional add-on coverage for auto insurance, including:
- Classic car insurance
- Roadside coverage
- Rideshare insurance
Home Insurance Coverage Options
Allstate's homeowners insurance policy includes several optional coverages, such as:
- Identity protection plans
- Insurance against water backups
- Coverage for additional repairs to meet building codes
- HostAdvantage home-sharing insurance: This covers policyholders if their belongings are stolen or damaged while there are renters in the home.
Other Benefits of Allstate's Bundling
Allstate allows policyholders to file a claim and manage policies online through its app. However, applicants will need to call the insurer or work with an agent to purchase a policy.
Drawbacks of Allstate's Bundling
Allstate's policies may cost more compared to other competitors. As of June 2023, Allstate is no longer offering new homeowners insurance policies to California residents, although it will continue to service current policyholders.
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Allstate's customer satisfaction and financial strength
Allstate is generally rated well for customer satisfaction, with some surveys placing it in the top 10 of insurance companies. In a survey by The Zebra, Allstate earned a 4.3/5 rating, with most customers expressing satisfaction with the carrier. Allstate also received average marks in J.D. Power's claims satisfaction and customer satisfaction studies. In a U.S. News survey, Allstate was ranked sixth for customer service, with 50% of respondents saying they were completely satisfied with the customer service they received. More than 50% were completely satisfied with the ease of contacting customer service.
Allstate also performs well in terms of financial strength. It has an A+ financial strength rating from A.M. Best, indicating that it has an excellent ability to pay out claims. The company also boasts excellent financial backing, which correlates with its ability to pay claims. Allstate has also received fewer customer complaints than the national median, according to the National Association of Insurance Commissioners (NAIC).
Allstate offers bundling options for customers who want to combine their home and auto insurance policies. By purchasing multiple insurance policies from the same company, customers can often save money on their premiums. Allstate offers a multi-policy discount of 10% off car insurance and 25% off homeowners insurance when bundling home and auto policies.
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Allstate's bundling process and requirements
Allstate offers bundling discounts of up to 25% on home and auto insurance policies. The company provides insurance in all 50 states and Washington, D.C., and has a wide range of add-ons for both types of insurance.
Allstate's bundling process
To bundle your home and auto insurance with Allstate, you will need to purchase both policies with the company. You can do this by requesting a quote online or by contacting an Allstate agent.
Allstate's bundling requirements
To be eligible for Allstate's bundling discount, you must purchase both your home and auto insurance policies from the company. Additionally, you may need to meet specific criteria, such as having a clean driving record or owning a home security system. It is recommended to review Allstate's bundling requirements and discounts before purchasing a policy.
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Allstate's comparison to other insurance companies
Allstate is one of the top five carriers with the most significant or unique bundling discounts in 2024. The company offers a bundling discount of up to 25%, allowing policyholders to save a substantial amount on their insurance premiums. However, it is important to note that Allstate's average premiums for home and auto coverage are higher than some competitors. Additionally, the company scored below the segment average for overall homeowners customer satisfaction and property claims satisfaction.
When compared to other insurance companies, Allstate stands out for its wide range of optional coverages for both home and auto insurance. For home insurance, Allstate offers identity protection plans, insurance against water backups, and coverage for additional repairs to meet building codes. The company also offers classic car insurance, roadside coverage, and rideshare insurance as optional add-ons for auto insurance.
In terms of customer satisfaction, Allstate's auto claims process has received high ratings, but its home insurance customer satisfaction is below average. It is also worth noting that Allstate's policies are only available through local insurance agents, which may be a factor for those who prefer digital tools and online management of their insurance policies.
Overall, Allstate's bundling discount and optional coverages make it a competitive choice for those looking to bundle their home and auto insurance. However, it is important to consider the company's higher average premiums and below-average customer satisfaction ratings in comparison to other insurance companies in the market.
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Allstate's pros and cons
Allstate is one of the top five carriers with the most significant or unique bundling discounts in 2024. Here are some pros and cons of Allstate's bundling services:
Pros
- Allstate is the 2024 Bankrate Award winner for Best for Bundling Home and Auto Insurance and tied with USAA as Best Home Insurance Company Overall.
- Allstate offers an impressive bundling discount, allowing policyholders to save up to 25%.
- Allstate has availability across all 50 states and Washington, D.C., as well as a strong selection of endorsements for policy customisation.
- Policyholders can choose from add-ons like home-sharing coverage and green improvement reimbursement.
- Allstate offers a claims-free discount and Rateguard endorsement, which may help keep rates low.
Cons
- Allstate's average premiums are higher than some competitors for home and auto coverage.
- Allstate has a high complaint index with the National Association of Insurance Commissioners (NAIC).
- Allstate scored below the segment average for overall homeowners customer satisfaction and property claims satisfaction per J.D. Power.
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Frequently asked questions
Bundling home and auto insurance can save you money, simplify your policy management, and make your insurance more convenient to handle with a single insurer. You might be able to combine bills and have a single deductible if an incident damages both your home and car.
Bundling policies can discourage price shopping, and some "bundled" policies are not really bundled, as insurers may set you up with a partner company for one of the policies.
To decide if bundling makes sense for you, compare the quotes for separate home and auto policies to quotes for bundled policies. If separate policies are cheaper than a bundled rate, there’s no reason to buy them together.
