Allstate Auto Insurance
Believe it or not, Allstate Corporation, the parent company of Allstate Auto Insurance was actually first founded as a division of the mail order and retail empire Sears and Roebuck. Since that time, Allstate has been spun off to become the second largest personal insurance company in the United States.
When the company was founded, Allstate was actually a tire distributor that sold via mail order. Eventually, with the success of the brand and Sears and Roebuck, Allstate opened offices inside Sear's retail outlets, selling insurance directly to consumers. The first Allstate customers were given a premium based solely on their age, type of car, driving habits, and annual mileage.
Of course, since that time driving habits have changed, cars have become faster, and better record keeping, unfortunately or fortunately, has led us to a slightly more complicated approval process. However, despite the vast changes in nearly one century's time, automotive insurance is just as necessary today as it was then.
Allstate Insurance Choices
Allstate Auto Insurance offers a full line of automotive insurance coverage options from state minimum coverage (only the amount of coverage required by law) up to million dollar liability and bodily injury policies.
Currently, Allstate insures cars in all fifty states, and offers products including bodily injury, property damage, medical payments, comprehensive (necessary for financed cars), as well as un- and underinsured motorist protection. As with all insurance companies, each product is sold in different steps with denominations rising in units of $10,000 or $25,000.
Allstate Auto Insurance uses premium criteria that is consistent with most other insurance companies. Primarily, Allstate is interested in the type of car you drive and how old it is, as well as whether or not it is equipped with proper safety features. Cars with passive restraint features and air bags will be less expensive to insure, since the likelihood of injury or expensive injuries is reduced.
Also, who drives the car, is important, including their age and driving record, followed by gender. (Men are more costly to insure than women.) Finally, the amount you use you car is important, and the purpose of the vehicle is also important. A vehicle driven only once per year for vacations will cost considerably less than a frequently used commuter. Likewise, you incur more risk driving 100 miles to work each day than someone who drives 10.
One important consideration with Allstate Auto Insurance among prospective buyers is that the company does, in fact, use credit reports to determine at least partially, the premium you will receive. It is important to know what is measured in calculating your premium, since purchasers may get lower premiums from companies that do or do not use specific information about their financial history.
Allstate Insurance is concerned mostly with your payment history, length of credit (to demonstrate your experience in making payments on time), credit balances, number of credit cards, inquiries to obtain more credit, and bankruptcies (only in some states).
Recently, insurance companies have found that these criteria help determine the likeliness of large claims from new customers. Those with high credit card balances or poor payment history are more likely to make more and larger claims than those with low credit car balances and on time payment history, according to new research. This can be both a boon or a bust, depending on your current situation.
Allstate has become a dominant insurer of cars on US roads and continues to expand its pretense from the days of Sears and Roebuck. From state minimum coverage, to million dollar policies and business car insurance, Allstate is a full suite insurance agency that can meet the needs of most any drivers.