Candace Baker, Car Insurance Writer
@candacebaker
Allstate is so expensive because car insurance is expensive in general, due to rising costs for insurers. Allstate's premiums may also reflect how competitively Allstate agents are paid, but at $781 per year, the average Allstate car insurance policy is actually cheaper than coverage from most competitors. In fact, Allstate is one of the cheapest car insurance companies nationally.
Even though Allstate offers cheaper-than-average rates, its premiums can get expensive for drivers with certain characteristics. For example, teenagers pay an average of $2,349 per year for Allstate insurance, compared to $804 per year for older drivers. Additionally, drivers who recently had an at-fault accident pay an average of $1,277 per year for Allstate coverage, which is 64% more than drivers with a clean record.
Factors That Can Make Allstate Insurance More Expensive
- Being a young or inexperienced driver
- Purchasing a full coverage policy versus minimum coverage
- Causing an accident or being convicted of a moving violation
- Living in a high-risk ZIP code
- Driving an expensive vehicle
- Having a poor credit-based insurance score
If you're struggling to afford your Allstate insurance, there are ways for you to lower your rate. For example, you can take advantage of Allstate discounts or reduce your coverage.
Sometimes, it might be a good idea to switch insurers altogether. To see if you can find a better deal elsewhere, you should compare quotes from at least three different insurers. Each insurer uses its own algorithm to calculate premiums, so even if Allstate is charging you a high premium, you may be able to find a cheaper policy with another insurer.
To learn more, check out WalletHub's Allstate review.
People also ask
How can I lower my Allstate car insurance?
You can lower your Allstate car insurance costs by taking advantage of Allstate discounts, opting for a higher deductible, and reducing your coverage, among other things. Allstate considers a variety of factors when calculating your premium, though some – like your age and location – are out of your control. Fortunately, you can take steps to influence other factors in order to lower your rate.
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read full answer by Candace Baker, Car Insurance WriterWhy did my Allstate rate go up?
Your Allstate rate could have gone up because of speeding tickets, DUIs, other moving violations, or a recent claim. Allstate also considers local risk factors such as the rates of accidents, vandalism, and theft in your area. Higher rates of these incidents in your area may indicate to Allstate that you are more likely to file a claim in the future.
Top Reasons Why Allstate Raises Rates
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Yes, you can get classic car insurance without a garage, though finding an insurance company to cover your vehicle may be difficult, and you’ll still need a safe place to store the car. Instead of a garage, some companies may allow you to store your vehicle in a driveway, carport, barn, trailer, or storage unit, for example.
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That's not been my experience. I switched to Progressive just today (5-29-2024). My Allstate bill was $2450 for six months for a 2009 GMC Sierra and a 2021 GMC Sierra. We have full coverage for the newer truck but no collision for the 2009. I've had no accidents for over 40 years and my wife has had no accidents at all. When Allstate raised the premium over $400 for the year a couple of days ago, I got fed up. Our new insurance from Progressive is essentially identical to what we had at Allstate - for $723/six months - that's a $3400/year difference. RUN AWAY FROM ALLSTATE LIKE YOUR'E BEING CHASED BY ZOMBIES