Allstate Homeowners Insurance Review [2024]

It takes a lot of work to buy your own house and even more to make it a home.

Home insurance – or homeowners insurance – is an integral part of protecting the home you worked so hard for. Homeowners insurance not only protects your home from damage, it also protects you in case someone is injured on your property.

Allstate is one of the biggest insurance companies in America, with insurance products for just about every need. Of course, that includes policies to protect your home. With a good reputation for customer service and an easy claims process, Allstate might be the best choice for you.

If you’re considering Allstate insurance, home, auto, and life coverage quotes are easy to get, but you should always shop around for the best rates. If you’re ready to see what quotes might look like for you, enter your ZIP code into our free tool today.

Allstate Insurance for Homes

Allstate has a stellar reputation for home insurance. Customers love Allstate because of an extensive list of discounts, above-average amounts of coverage, and policy add-ons. However, Allstate is one of the pricier home insurance companies.

If you rent your home through companies like Airbnb, Allstate offers home-sharing coverage. This protects your furnishings and other items in case a vacationer causes damage to your home. You can also get coverage for expensive possessions, like musical instruments and electronics.

Another policy customers find appealing is identity theft coverage. If you’ve purchased this policy and your identity is stolen, Allstate will reimburse you. You can also use Allstate’s tools to protect your identity, including an app that helps you monitor who has your data.

The best part? It’s simple to get online quotes for your home insurance. Once you have an idea of how much a quote might cost you, you can call the Allstate home insurance phone number (800-669-2214) to hammer out all the details of your new policy.

What does Allstate homeowners insurance cover?

While it always depends on the company you choose, homeowners insurance generally covers the interior and exterior of your house, your belongings, and anyone who visits.

Allstate home insurance claims are similar to the auto insurance process — pay your deductible, and the insurance company takes care of the rest.

So, what coverage does Allstate offer? As it turns out, you have a lot of options.

The standard home insurance policies cover your building and any attached fixtures. Even if you don’t have any add-ons to your policy, you’ll be protected from vandalism, smoke, fire, and weather. Weather damage includes wind, lightning, and hail.

Your home policy will also include:

• Personal belongings. One of the key benefits of homeowners insurance is that your belongings are covered. That includes appliances, electronics, furniture, jewelry, and clothing.
• Guest bodily coverage. It’s a tragedy when someone is injured in your home, but many people don’t realize they can be sued. Your home insurance protects you by helping you pay for medical expenses.
• Building protection. This covers your physical home as well as other structures on your property. That includes your garage, sheds, fences, and pools. You can also purchase additional coverage for earthquakes or floods.
• Liability. If you are sued by an injured guest, and you’re responsible for the injury, this helps pay for your legal costs.

You don’t have to be living in a house you own to get homeowners insurance. Allstate offers insurance for landlords and renters, as well as people in mobile and manufactured homes.

These policies are basically the same as traditional home insurance but with features for each type’s unique needs. In fact, you can find many unique coverage options with Allstate, including:

• Umbrella: If your insurance coverage runs out before your costs are covered during lawsuits against you, an umbrella policy can make up the difference.
• HostAdvantage: This is Allstate’s policy for home-sharers that work with companies like Airbnb. Allstate is the first major insurance company that offers this type of insurance.
• Flood protection: Standard homeowners policies cover water damage from burst pipes, but you’ll need extra coverage for flood damage from natural causes. If you live in a flood zone, you might be required to purchase flood coverage.
• Identity theft: As mentioned before, Allstate can help you recover your identity and fix the damage the theft caused to your life.
• Earthquake protection: Allstate can cover you for earthquake damage in certain regions. If you live in an area with frequent earthquakes, Allstate might sell you coverage.
• Scheduled personal belongings: This provides additional coverage for items you’ve had appraised and verified, including antiques and fine jewelry.
• Business: If your home is also a place of business for you, Allstate can give you additional coverage.
• Sport/musical instruments: Equipment can be expensive, and this coverage will replace anything you lose to damage.
• Landscaping: Creating a natural paradise in the front or backyard is the goal of many homeowners, but it can be expensive. If you have a lot invested in your yard, you can buy additional coverage.
• Water backup: Sometimes, backed-up drains and sewers can cause severe damage to your home. This policy provides the extra coverage you need to repair it.
• Green improvement: For the things you’ve purchased to decrease your carbon footprint, this insurance can help you replace them if they are damaged.
• Mobile/manufactured homes: This replaces the standard home policy if you live in a mobile or manufactured home.
• Data recovery: If your computer or tablet is stolen, damaged, or destroyed, this coverage will help you replace your data.

As you can see, there are many options for insurance, which is why it’s best to speak with an agent. They can help you select the best insurance for your needs.

However, this type of policy does not work if you don’t own the property. If you’re a renter, Allstate has you covered with renters insurance.

How much does Allstate homeowners insurance cost?

Allstate has an excellent reputation for its home insurance. However, Allstate home insurance reviews often complain that the price is higher than other companies.

Allstate isn’t the most expensive option, but it certainly isn’t the cheapest. But Allstate offers several discounts to help you save money.

Allstate offers a variety of discounts, though you’ll have to speak with an Allstate agent if you want to confirm the exact amount you can save on your plan. Let’s take a quick look at the discounts available to home insurance policyholders.

Security Discounts: An easy way to stay safe and earn a discount with Allstate is to install protective devices in your home. You may qualify for a security discount if you have a deadbolt, burglar alarm system, fire extinguisher, smoke detector, sprinkler system, or fire alarm.

Bundling Discounts: Allstate will give you a discount if you bundle your home insurance policy with an auto or life insurance plan. If you choose Allstate’s home, auto, and life insurance bundle, you’ll receive the highest discount on all three policies. If you choose the home and auto insurance bundle, you can save up to 25 percent on your purchase.

Other Discounts: There are other upgrades to your home that can earn you discounts with Allstate, all of which are listed in the table below.

As you can see, installing storm shutters or a hail-resistant roof will save you money with Allstate while gaining the additional benefits of keeping your house in good shape. You can also get discounts just for purchasing or renewing a plan with Allstate. Through the Welcome & Loyalty Discount, new customers save up to 10 percent on their plan just for switching to Allstate.

Allstate’s Programs

Allstate provides many tools for homeowners on The Allstate Blog. A popular tool is the home inventory checklist, which helps you organize your personal belongings.

You can use Allstate’s home inventory checklist to record an item’s serial number, original price, and the date it was purchased. This way, you’ll have ample information on hand if you have to file a claim about your home inventory.

The home inventory checklist is part of a large archive of home insurance resources that Allstate provides on its website. You can browse the Allstate website to watch videos, take quizzes, and learn more about buzzwords like scheduled personal property and liability insurance.

Allstate also offers calculators like the Rent vs. Own Calculator, which helps you determine whether you should own or rent a home.

One program that stands out is Allstate’s GoodHome software. GoodHome allows you to easily research statistics about your home and neighborhood. It can tell you, for example, what the most common insurance claim in your area is, helping you make informed choices about how to customize your insurance policy.

Allstate Ratings

When it comes to home insurance, it’s important to select a provider you trust. Taking a look at a company’s ratings can be a great way to learn more and narrow down your search.

The table below provides an overview of the scores given to Allstate by the nation’s top insurance rating agencies. These scores will provide a better idea of the quality of Allstate’s service and reputation.

As you can see, Allstate has received a positive rating from the majority of these agencies. Let’s break down the ratings further.

A.M. Best

Founded in 1899, A.M. Best is an international credit rating agency that specializes in rating a company’s financial security. Because of A.M. Best’s longevity and accuracy, it is one of the world’s most trusted resources for measuring a company’s creditworthiness and stability.

A.M. Best has awarded Allstate a rating of A++, the highest possible rating. It means that Allstate is a financially stable company with a superior ability to meet its ongoing insurance obligations.

Better Business Bureau (BBB)

Founded in 1912, Better Business Bureau’s mission is to measure a company’s trustworthiness and marketplace behavior.

When rating a company like Allstate, BBB considers factors like a company’s transparency, responsiveness, and marketplace track record. BBB also reviews customer complaints when rating a company.

Allstate was given an A+, the agency’s highest possible rating.
This means that Allstate has a very low volume of unanswered or unresolved customer complaints.

It also means that Allstate receives a low volume of customer complaints in general. In the last three years, there have been 1,375 Allstate customer complaints filed through BBB.

Moody’s Agency

Moody’s is an international agency that rates a company’s creditworthiness. Creditworthiness is the measure of how well a company can pay off its debts. Since its founding in 1909, Moody’s mission has been to quickly and accurately analyze the events of our evolving economy.

Allstate received a rating of Aa3 from Moody’s, the agency’s fourth-highest rating. A rating of Aa3 means Allstate is a high-quality company within the global marketplace and subject to very low credit risk.

Standard & Poor’s (S&P)

Standard & Poor’s is one of the oldest credit rating agencies in the world. Since 1860, S&P has been conducting financial research about the world’s companies and government entities. Today, S&P’s 1,500 credit analysts have collected 135 billion data points in 128 countries.

Allstate received an A- from S&P, meaning that Allstate has a strong capacity to meet its financial commitments but is somewhat susceptible to economic changes.

NAIC Complaint Index

The National Association of Insurance Commissioners oversees company standards and best practices across the United States. NAIC financial reporting works to protect the public interest and facilitate the fair treatment of insurance customers.

The NAIC also aims to support and improve the state regulation of insurance. Similarly to BBB, the NAIC Complaint Index measures the number of complaints a company receives.

Allstate’s complaint index of 0.84 is slightly below the National Complaint Index of 1.00, meaning that Allstate receives a slightly lower number of complaints than expected in today’s market.

Fitch Ratings

Fitch Ratings is a top credit rating agency founded in 1914. Much like Moody’s and S&P, Fitch Ratings forecasts economic changes and provides company risk assessments. The agency also provides its clients with credit solutions.

Allstate’s A- rating indicates that it is a low-risk insurance company but vulnerable to business and economic changes.

J.D. Power

J.D. Power operates a little differently than the other top rating agencies because it uses a representative sample of insurance customer reviews to create company ratings. Researching a company’s J.D. Power rating is a great opportunity to learn about your potential experience as a policyholder.

Allstate received a three out of five from J.D. Power’s Home Insurance Study and Property Claims Study. This means that Allstate customers receive average service and claim satisfaction in comparison to other insurance providers’ customers.

Is Allstate right for you?

Allstate offers many perks in the form of discounts, extended coverage, and good customer service. However, prices tend to run a little higher than some of its competitors.

When it comes to Allstate insurance, home coverage can be affordable for your needs, but you should shop around to make sure it’s your best choice. If you’re ready to see what quotes might look like for you, enter your ZIP code into our free tool today.

Allstate Homeowners Insurance Review [2024] Additional Information

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