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Allstate Review

Friday, August 12th

2022 Home Insurance Company Reviews

Allstate Review 4.5 Star Rating

Allstate

4.5 Star Rating
  • 2nd largest homeowners insurance company in the US
  • Long list of choices for supplemental coverage to fit your specific needs
  • Available across the nation
  • Several discounts available

Allstate was founded as far back as 1931 by General Robert E. Wood. Their popular slogan, "You're in good hands with Allstate" has been around since 1950, and now Allstate is the second-largest homeowners insurance company in the US. They offer not only the standard coverage but also add-on coverage depending on the weather where you live, plus riders you may need for extra protection. You can call or visit the office for quotes, or you can conveniently get them online. Their prices are slightly higher than some competitors, so it is possible to get good insurance for a little cheaper when you go with someone else. All in all, we rate Allstate highly for their coverage, customer service, and availability to the customer.

What's included

With Allstate's homeowners insurance your dwelling and other structures are always included. That means that your home will be replaced at the value of its appraisal, and exterior construction like a shed or fence will also be replaced. Your personal property will be covered, with a limit of about 75% of the dwelling amount you have listed in your policy. Any personal liability such as court fees, attorney fees, and any damages as a result of a person being on your property are covered.

You choose

You can choose the amount of coverage, within reason, typically between $100,000 and $1 million, but this all depends on the value of your home. If your home is temporarily uninhabitable due to damage or destruction, the policy will cover temporary housing and meals. This limit is usually between 10% - 30% of the coverage limit on your dwelling. Lastly included are medical payments to guests who are injured on your property. This per-person limit is also usually between 10% and 30% of the dwelling limit.

Add-ons

With Allstate, you can customize your coverage with supplemental policies. You can choose a policy for yard and garden, flood, earthquake, water backup, specific personal property such as itemized pieces of jewelry, sports equipment, musical instruments, business property, identity theft protection, electronic data recovery, green improvement reimbursement for upgrading appliances to energy-efficient ones after a loss, business property coverage if your business is run from your home, HostAdvantage for those who rent out their dwelling as a home-sharing vacation property, and there's a personal umbrella option as well.

The Enhanced Package

There are three benefits to the Enhanced Package. As soon as you sign up, you can get the Deductible Rewards where they take $100 off your deductible, plus an additional $100 off every year you go claim free, up to $500 total; there's a 5% reward the year after you go claim free for a year; and rates won't go up if there's only one or fewer claims in a 5-year period. Always talk with your agent to see if this package is available to you in the state in which you reside.

Discounts

When you get a home insurance policy from Allstate, there are several ways to save some money:

  • Bundling. If you bundle other insurance policies, such as auto, with the homeowners policy, Allstate may offer a discount due to multiple policies.
  • Early-signing. Allstate appreciates the gift of you allowing them time to sign you up rather than being rushed. So, if you give them at least a week to sign you up before your current policy expires, they may reward you with a discount.
  • Newcomers. Allstate is grateful for new customers and offers welcome and loyalty rewards.

And there's more

There are discounts for non-smokers and age 55+ customers. There can be a reduced rate for homes with storm shutters in hurricane-type areas, weather-resistant roofs to protect against hail, and a monitored home alarm that directly alerts the authorities of possible thieves or fire. If you have an auto-pay set up with Allstate, there's yet another discount.

Best Home Insurance

Free digital tools

If you're a first-time home buyer, learning about the standard policy, add-on policies, limits, deductibles, ad infinitum, it can be overwhelming. Even if you're not a first-time home buyer, shopping for insurance can be a tedious learning experience. However - Allstate's free digital tools can make some of this a lot easier.

  • The Common and Costly Claims tool lets you search for the most common and costly claims in your zip code. It's good to know so that you can have enough coverage. For example, if hail damage to the roof or flooding is the most common claim, knowing that can be helpful so you have the right insurance and the right amount of coverage to cover that.
  • The GoodHome tool gives you the opportunity to add your own address to know the risk of your own home and the steps you can take to reduce such risks.
  • The Premium Gauge tool helps you to identify certain factors that could affect the cost of your homeowners insurance. This tool is a nice feature, but we recommend putting it on the checklist of things to ask your potential agent.

Cost

When we shopped around using a sample customer profile, we received a quote of $3,625 for a 2,200 square-foot home in Houston, Texas, finding the rate $101 per month higher than the national average, according to the Insurance Information Institute.

Consumer experience

Three years of data from the National Association of Insurance Commissioners report more complaints against Allstate relative to its size for homeowners insurance. Some of the complaints are about price, claim issues, and poor customer service. Many of the issues express concerns that specific home damages weren't covered under their policy, such as water damage under certain conditions, according to the consumer. Note that it is always important to ask detailed questions about what your policy covers, before a disaster occurs, no matter which insurance company you choose.

Overall solid choice

Any complaints aside, Allstate is still one of the top names in the insurance industry, and with good reason. You should have no problem getting a quote and setting up your coverage quickly, whether you go through the process online or reach out to an agent. True, you may spend a little less elsewhere, but with Allstate you'll know you've got a trusted brand protecting your home and property - and that's priceless. We strongly recommend giving Allstate the opportunity to provide a quote for your next home insurance policy.

The 8 Best Home Insurance Companies

Which Company Offers the Best Home Insurance?

Your home is probably one of the most important and valuable assets you have. Whether you've purchased a new home or have paid off the mortgage years ago - congrats on either! - your home is an asset you'll want to protect and not be without.

If you have a mortgage on your home, the lending company may require you to show proof of insurance to assure both them and yourself that you are protected, financially and otherwise, in case of a disaster causing damage or complete destruction. Even if you have paid for your home in full, a disaster that leaves your home damaged or uninhabitable could cost thousands to repair or hundreds of thousands to replace. Most people don't have that cash on hand; or if they do, that's not how they would choose to spend it.

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Home Insurance Company FAQ

If you have a mortgage on your home, your lender will more than likely require that you carry homeowners insurance. They will also require you to carry enough of it to rebuild your home if it were completely destroyed. When you have a mortgage, you don't completely own the home - the lender does, until you pay it off. That's why they require insurance. If it were to be damaged or destroyed, the bank needs to know that it will be taken care of.
There's regular homeowners insurance if you own your home, renters insurance if you're renting a free-standing home or an apartment, insurance for mobile homes, and more. When you start shopping for a home insurance policy, you'll be asked a series of questions that will determine what type of coverage is right for you.
Although the specifics can vary by company, there are a few things you can expect in a typical policy. First, your dwelling, or home, is covered, and so would a shed or other building on the lot. Your personal belongings would be covered, and medical costs of any guest injured on your property. Policies usually will pay for a hotel and meals from restaurants if you are displaced due to complete destruction of your home, if what happened is covered under the policy. You should also be protected in case of fire, storm, theft, or vandalism.
Yes and no. There are limits. When you purchase insurance, you and your agent will decide on the financial limits the policy will cover. A lower limit is cheaper, but it won't give you the replacement home you might think it will. A higher limit costs more, but will give you a better replacement home and personal belongings. Be aware that if your home is valued at $250,000, you can't get limits of $1,000,000 and get a million dollar home to replace yours. Your limits need to pretty much match what you currently have.
When you get a policy, you choose your deductible. This is the dollar amount you will be responsible for with each claim. If you want the insurance company to pay for it all, you will choose $0 deductible. Realize that having a low deductible will raise your rates. If you choose a higher deductible, such as $1,000, you'll have to pay that in the event of a disaster but your policy rates are lower. Choosing your deductible and your premium price is a balancing act.
Not all of your valuables may be covered under the standard policy, so you might choose what they call add-on policies for them. Let the insurer know if you have specific pieces to protect, and there will be a rider for each piece covering the amount it's worth. Although these add-ons might be expensive, it will be much more costly if something happened to them and they weren't listed in a separate policy.
You can usually get a discount for having zero claims on your history, living in a neighborhood with an HOA, being a senior, being a non-smoker, bundling with your auto insurance, signing on before your old policy expires, and more. If you have fire/smoke detectors and/or burglar alarms that are directly connected to emergency services (911), most policies will come with a significant discount there too. Be sure to ask your insurance company for ways to save money on your coverage.
Believe it or not, it's super-easy to get coverage online. Some insurers offer 24/7 live-person customer service, and others offer a live person only during typical business hours. But, if you don't want to talk to a person and you'd rather take care of all research and transactions from your phone or laptop, there are several companies that offer that. You can even get a quote in five minutes via the web or their app.
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Continued from above...

It's fast and easy to get a policy online. For many, it's a great decision. However, when it comes time to make a claim, you might not have purchased the right policy for you. For example, you may not have considered flood or earthquake insurance. You might not have insured your very valuable items individually, and if they're stolen, they're probably not covered.

On the other hand, if you work with an agent to get your policy, they will probably ask you a myriad of questions to get the policy you need. Online can be great, just be sure you know what you want in a policy.

Here are a few things to consider when purchasing a homeowners policy.

  • Standard coverage. What does the standard policy include?
  • Add-ons you might need. You might need insurance for floods, earthquakes, or hurricanes. You might want to insure specific valuables under a separate policy so you know they are covered..
  • The limits of the coverage. Limits are the maximum amount they would pay out per situation. Make sure the limits are high enough to cover your costs.
  • Your deductible. This is the financial responsibility you will have per occurrence. If you don't want to pay much per occurrence, you'll lower your deductible, but pay more in your yearly premium.
  • Discounts. There can be a few discounts that could pertain to you, depending on your situation and depending on the insurance company. You might qualify for a discount if you have had no claims, have a new house, are a senior citizen, have an HOA, and the list goes on.
  • Reputation of the company. More reliable companies might cost you more, and the less reliable companies might be super inexpensive. Beware: you might get what you pay for.

To provide you with the best information so that you can get the right policy and best insurance company for you, TopConsumerReviews.com has evaluated and ranked the most popular sources of homeowners insurance available today. Getting the right policy is like cuddling with a warm blanket, since you'll have that assurance you'll be covered if any damage or destruction to your home. The process of choosing a homeowners insurance policy might have seemed daunting and you may have avoided it for as long as you can, but we can help make it easy.

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