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Car Insurance State Farm vs AllState?

F

fleabag

Banned
I don't want to bog down you guys in details and so I'll keep it short. We've been with State Farm for over 20 years, have the following discounts with them: Multiple Policy 22%, Loyalty 18%, Multiple Car 17%, Driver education 15%, Mileage 10%, and the car's own safety discount. I took it upon myself to search around for other rates and I'm really confused/surprised by what I found. I went to progressive's website and got a worse rate which was expected because I would not be getting the discounts that I have with Statefarm, however progressive mentioned allstate's rates which were considerably lower.

I then went to allstate.com, got a quote on just one car and already the price was about $3 less than what I was paying for which seems very odd. Is there something going on with allstate or something? I understand that there is competition between the insurance companies but I can't imagine Allstate would give a new customer slightly better rates despite the fact that I don't have other policies with them, "has only one car" (what I tested out), put that I didn't have the "mature driver improvement course", and that I'd be solo on the policy (opposed to it is now).

I'm very confused, can some one enlighten me? Does allstate have a difficult time paying up when there is a claim or something? I have not had this problem with statefarm and we have been with them for 20 yrs. Just something seems very odd...
 
You got a quote on one car, and you're confused because it's cheaper than your current policy on MULTIPLE cars?😕
 
Originally posted by: jagec
You got a quote on one car, and you're confused because it's cheaper than your current policy on MULTIPLE cars?😕
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Well according to my insurance company, what I'm paying on that specific car is $3 more than what allsate quoted.
 
Originally posted by: fleabag
Originally posted by: jagec
You got a quote on one car, and you're confused because it's cheaper than your current policy on MULTIPLE cars?😕
Click to expand...

Well according to my insurance company, what I'm paying on that specific car is $3 more than what allsate quoted.
Click to expand...

You still want to do an apples-to-apples comparison. From watching the State Farm agents working on my policy, the Multiple Car discount is only actually applied to the second car's "premium" in the system, which means that this policy appears artificially low and the first car appears artificially high.
 
I think fleabag is confused as to why the quote for one car is only $3 less than he is paying for his multiple insurance now, rather than being considerably cheaper.

Edit: took to long to post. Cheers Jagec 🙂
 
Originally posted by: Dman877
3 bucks is a huge price difference?
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It's huge when you consider that I'm not getting any discounts with allstate. Also I think I made this needlessly complicated.

Let's keep this simple.

I have multiple cars with statefarm, they've quoted that as of now, I'm paying $586 for every six months on one particular car.(The one I'm assigned to) But with Allstate, if I were to insure this car separately as an individual, I'd pay $583. The thing that bothers me is that Allstate is giving me a slightly better price with out any discounts factored in like I have with my current insurance company.

Allstate price is before discounts, my statefarm prices is after discounts. Had I not had any discounts with statefarm, I'd be paying close to double as of now.
 
My wife and I found the same to be true about Allstate. We had all the same discounts, etc. and decided to look for a better rate. We found that even with multiple discounts we were able to save a bundle by going to a third party. This all came about because Allstate decided to drop our homeowner's policy here in Florida. We found another company to insure the house but were later surprised to find that we had been considerably overpaying on our car insurance. This was later confirmed when I bought a third vehicle and Allstate's rate was considerably higher ... for the same coverage.

Bottom line ... buyer beware. Search for a better rate and you might be verv surprised what you find.

Good luck
 
Insurers have different actuarial tables sometimes for particular risk groups.

FWIW, I've been with Allstate for almost 20 years. I've filed two claims, one home and one auto, and both have been as seamless as they could have been. In fact they gave us more than we asked for on the homeowner's claim.
 
I go all over the net and get quotes every time my insurance is about to expire. I've switched companies 4 times in the past 6 years.
 
Seems to me you always get the low initial quote but after the hook it goes up just like the cable company.

I had allstate for a while and they treated me good , until I went in to talk about adding a teen. they gave me a reasonable quote and after a week of thought. I went back in to add the teen and the quote had tripled. No explanation just now that your son is licensed and we know you have to insure him. neerer neener.

So I went down to Statefarm office insured very close to the original quote at allstate and cacelled allstate for thier arrogance. Have been with state farm since.

One more piece of advice AIG insurance sucks.
 
So if an insurance company is known for "bad faith" practices, does that mean they're only good for liability only coverage? Or are they good for nothing? From what I understand, some companies won't pay out or will make up some nonsense about how they can't/won't pay out, anybody know about this?
 
state farm seems to be really good at cutting checks to have things replace in accidents and in the case of theft from what i've seen when i was working at the dealership.

i've dealt with 7 insurance adjusters, 3 state farm guys... they asked me to point the damages out to the car suspension wise and etc. got it all quoted up, i gave them my labor hour request and they pretty much said ok kool do it all. I've dealt with 3rd party insurances and GEICO with the other 4, same process say i quote $1500 in parts and 8 hours to do everything. They look and leave, call back 2 days and say do it for 5 hours and its a deal. But dont install X, X,X just reuse them.

given all the accidents were driver's fault most likely snow related or just them hitting random stuff.
 
Originally posted by: PClark99
I am thinking that the "discounts" statefarm is giving are off of inflated rates to begin with.
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Exactly. It's like the 50% off sales at jewelry stores. 50% off what? A product that's marked up 100% with a 95% profit margin?
 
Get an allstate quote with all the details and discounts applied. Heck it may be worth doing it for all your cars. Then you can either go back to statefarm and tell them you have found it cheaper, and be nice to them, say something like you have been a loyal customer for 20 years, are happy with their service etc. but money is tight and you would like them to better/match the quote(s). Aim for more than you will accept (if you really are happy with them aim for bettering the quote and deal if they match allstate or offer a good chunk off that you are happy with). Or just go to allstate and be done with it.
 
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