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AllState Auto Insurance was established in the year 1931 and is presently the second largest insurer in the United States. Allstate auto insurance was a part of Sears, roebuck and company. The companies main slogan is “You’re In Good hands” and since the year 2004 it has changed its slogan to “ Are You in Good hands”. Allstate auto insurance has revenue of $35.383 billion USD in 2005-2006 and has an operating income of $2.418 billion USD. The net income of the company is $1.765 billion USD. Allstate Auto Insurance advertises with a campaign and is centered on “ your choice auto product,” which offers accident forgiveness and lower deductibles for all drivers willing to pay an extra premium. Major insurance competitors include StateFarm, Progresive, and GEICO auto insurance. Criticism
An article published in May 2006 in business week details how Allstate routinely tries to deny its policyholders their full legitimate benefits, often paying out less than they are entitled to. And for those who hold out for more and retain a lawyer will be getting a face battering in the courts and potentially years of delay. It has also published in an article that in February 2007 CNN found that major car insurance companies like Allstate are increasingly fighting for auto insurance claims from those who incurred of tissue injuries by their insured members. But Allstate auto insurance company denied this reports and said that these are totally baseless and are in cause for degrading the company’s good reputation. Allstate Auto Insurance thinking
Quality auto insurance is a key component of good financial plan. The right coverage can help safe guard the policyholder’s assets from loss, damage and lawsuits when the unexpected happens. And Allstate auto insurance agent helps in to create an affordable auto insurance policy that provides security and gives peace of mind to the policyholder. Allstate auto insurance has more benefits- New protection and rewards- Allstate auto insurance makes the work simpler for the policy holders and gives the benefits which no other company offer. This includes additional optional packages that reward safe driving, forgiving the policy holders previous accidents and also can replace a total new car in case the car is damaged within the 15 months of purchase or within 15000 miles of its run which ever comes the first. Coverage options- Allstate auto insurance offers the best coverage’s for the policyholder and his entire family and also offers extra coverage’s for his co passengers and also to the other vehicles driver, passengers and to the vehicles damage in case the policyholder is held guilty in the accident.
Discounts and savings- Allstate also offers discounts and savings in the monthly premium of the car as if the car s equipped with safety measures like air bags for seats and steering and also has a brake locking to it which are provided by the company. The policyholders can also save some premium if he purchases a family car rather than going for a super luxury and sports car like Porsche. As the premium amount for these cars is generally high. Allstate auto insurance can also include general benefits like BIL Body Injury Liability, property damage caused if the policyholder involves in an accident and also for the medical losses incurred if a policyholder is injured in the accident.
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