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Allstate vs State Farm

Allstate State FarmAre you trying to decide between Allstate vs. State Farm insurance companies? State Farm and Allstate are the 2 biggest and most popular automobile insurance providers in the United States. State Farm is the first and Allstate is right behind in second place.

One of the best ways to get a clear idea of who and what they are is by learning some facts and vital information about each company.

Read through this State Farm Allstate comparison and then be sure to enter your zip code in for your own free car insurance comparison with quotes from many different car insurance companies!

Who is Allstate?

In 1931, Allstate started as a new division of Sears, Roebuck and Company. Allstate separated from Sears, Roebuck and Company 50 years later in 1993 to become its own company.

In 2004, their corporate spokesperson, Dennis Haysbert, began using Allstate’s famous slogan “You’re in good hands with Allstate”.

How Financially Strong is Allstate?

As of 2009, Allstate earned $32,013 million in revenue. It is the biggest public corporation that offers personal lines of insurance. Allstate has a total of $133 billion in financial assets. It has 70,000 employed professionals and 14,000 agencies to serve its current 17 million policyholders.

What Types Of Products Does Allstate Sell?

Allstate offers 13 different types of insurance including life, auto, property and commercial. They also provide these products:

  • Health insurance
  • Supplemental accident insurance
  • Retirement planning
  • Annuities
  • Banking

Allstate’s Customer Service

Allstate and other leading insurance companies were evaluated by J.D. Power & Associates in a “2009 National Homeowners Insurance Study”. Their ranking used a range from 1 meaning less than the rest of the companies to 5 being among the best. Allstate ranked average in every category as shown here:

  • Pricing – 3
  • Policies offered – 3
  • Insured contact – 3
  • Payment and billing – 3
  • Customer experience in general – 3

Who Is State Farm?

State Farm has been the biggest insurer of auto insurance since 1942 in the United States. George J. Mecherle started State Farm in 1922 to sell auto insurance to farmers.

State Farm became well known for its slogan “Like a good neighbor, State Farm is there”. It was written in 1971 by songwriter Barry Manilow.

Is State Farm Financially Sound?

Fortune 500 ranked State Farm as 31 based on the amount of revenue made by American corporations. It has 67,029 employees, 17,627 professional agents and 16,000 agencies across the US and Canada.

State Farm Product Lines

State Farm offers 100 products in insurance, financial and banking within US and Canada. It’s 2008 records show that it had 78.8 million policies through these areas of their business:

  • Health insurance – 1.2 million
  • Automobile insurance – 42.4 million
  • Life insurance – 7.8 million
  • Fire, Property and Casualty – 27.4 million
  • Mutual Fund accounts – 424.914 (2009)
  • State Farm Bank accounts – 2 million
  • Market value of mutual funds – retail and managed assets – $3.7 billion

How Satisfied Are State Farm Customers?

The J.D. Powers & Associates 2009 survey also evaluated State Farm using the same 1 to 5 rating system. Here are State Farm’s results:

  • Pricing – 4
  • Policies offered – 4
  • Insured contact – 5
  • Payment and billing – 4
  • Customer experience in general – 4

Should You Choose State Farm or Allstate?

Both State Farm and Allstate are top notch auto insurance companies but be sure that you compare quotes from many companies to find the best rate. Enter your zip to start now!

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