Sep 4, 2011

Which is Reliable? Allstate vs Farmers vs State Farm

By Joe Smith


This is a comparison of the auto section of three well known insurance companies: State Farm, Farmers and Allstate Insurance. You've seen their ads everywhere, let's see how they compare. When you talk about auto insurance, the two most common types you'll hear are liability and comprehensive. Liability is usually the least expensive and is usually just basic, legal requirements for a non financed vehicle.

Liability includes personal injury, medical payments, collision, uninsured and underinsured motorist, rentals and emergency road service. Comprehensive covers more, hence the name, and is more expensive. You need to consider a number of things when shopping for insurance such as how high of a deductible you can afford, how much you want or need to cover and where you drive. All three companies offer incentives for choosing them. All three offer education on their websites as well as being able to talk to a person for further assistance. State Farm encourages both insuring more possessions with them as well as safe drivers. They also encourage an aspect of prevention of theft with their anti-theft device discount.

Farmer's Insurance discounts are different. Certain occupations are encouraged. The ones mentioned immediately are those of the helping professions such as doctors, nurses, police and firefighters. Like State Farm, Farmers also encourages multiple possessions and safety. They also encourage good grades with a discount for good students. To see an example of the more discounts offered, I looked over California's options. They offer alternative fuel discounts, stability control, inexperienced driver training and senior defensive driver. Allstate may very well offer the most, but then they may also cost the most.

There are discounts that the previous companies offer plus many more. Their website suggests "over 40 discounts available". They offer help for keeping your rates down when you have an accident. There are deductible rewards when you go without accidents for up to five years. There's a new car option if it's a new model year car, if you total it within three years, the check won't just be based on depreciation. Interestingly, Allstate offers an insurance personality quiz in an effort to more closely gauge your insurance needs based on your lifestyle and possessions.

In conclusion, the last company compared here, Allstate seems to offer more than the other two. Insurance is a custom product, one size does not fit all so it's often necessary to shop, talk with people who understand the business in order to find what product works best for you.




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