Founded in 1931, Allstate has grown to be one of the largest insurers in the U.S., with almost $51 billion in revenue in 2021, about 16 million customers, and more than 175 million policies. Allstate owns several other insurance companies, including Encompass and Esurance. It has an A+ (“Superior”) financial strength rating from AM Best and is based in Northbrook, Illinois.

Allstate, the insurer tied at No. 3 in our Best Home Insurance Companies of 2023 rating, offers homeowners policies in all 50 states. Customers can expand upon its standard home insurance offerings with a range of options, some of which are uncommon among the companies we reviewed.

Standard coverage insures a policyholder's home, protects against personal liability and the theft or damage of personal property, and covers medical costs if someone is injured on the property.

In addition, customers can choose optional coverage to help their property become more eco-friendly in the event a loss requires items to be repaired or replaced. The Green Improvement Reimbursement covers additional costs incurred by replacing covered items with more energy-efficient options.

Another additional coverage is the HostAdvantage plan, which is a form of home-sharing insurance. It offers added coverage against theft and damage while the home is occupied by renters.

Other options include identity theft restoration coverage, which covers costs if you're a victim of identity theft, and water backup coverage.

Allstate’s insurance had an average sample rate of $264 per month, the highest for companies in our rating we had rate information on.

Allstate offers standard coverages most homeowners expect, and a robust slate of options to customize and expand protections. But standard coverage is expensive, among the highest in our rating. Options that emphasize energy efficiency and that protect a home while it is rented out offer opportunities to customize a plan.

Allstate also offers renters insurance and condo insurance, as well as policies for landlords and owners of mobile or manufactured homes.

What Additional Homeowners Insurance Coverages Are Offered by Allstate?

Allstate has a variety of options to add or increase coverage beyond that in a standard home insurance policy. It’s always a good idea to check with an agent or company representative to determine the best policy for your needs.

Allstate was the most expensive carrier in our ratings at $264 a month for a prototypical $500,000, 2,400 square foot townhouse in Naperville, Illinois. Your own costs will vary depending on a variety of factors, including:

Allstate offers a variety of discounts to help you save on your home insurance. To ensure that you get the best rate and coverage for your home, the company recommends talking to an insurance professional who can help identify all discounts that are available to you. Some ways to save include:

Allstate is tied with USAA at No. 3 in our Best Home Insurance Companies of 2023 rating, while State Farm is No. 2. Allstate and State Farm, in addition to the most common forms of coverage, offer policyholders options for customizing home insurance plans. These include coverage for valuable possessions and water backup coverage. Allstate also offers coverage against damage and theft when a home is rented out.

Our sample policy, which applies a common set of factors to the companies rated, shows Allstate is more expensive. Allstate has a sample monthly rate of $264, compared to $89 per month for State Farm.

Both insurers offer discounts that can help policyholders save money, such as discounts for bundling home insurance with other types of policies, loyalty discounts, and claims-free discounts. Allstate offers a new home credit, while State Farm does not.

Customers seeking a quote can get an estimate online from either company, and both have a mobile app. State Farm has a financial strength rating of A++ from the independent rating agency AM Best, compared to a rating of A+ for Allstate.

Allstate and USAA are tied at No. 3 in our rating of the best home insurance companies. Both companies sell home insurance policies in all 50 states, but USAA's policies are not available to everyone. To buy a USAA home insurance policy, membership is required, something that's reserved for military members, veterans, and their spouses and children.

Allstate and USAA offer similar standard home insurance coverages. These include dwelling coverage, which insures the physical structure of a home, personal property coverage, personal liability coverage, and guest medical coverage, which covers expenses if a person is injured on a policyholder's property.

Both insurers also offer options to expand your coverage, which includes coverage options for valuable possessions, and water backup coverage. Identity theft protection is standard with USAA, but is optional with Allstate.

USAA has an A++ rating for financial strength from the independent rating agency AM Best, compared to a rating of A+ for Allstate. Both companies have a mobile app, and both allow customers seeking a quote to receive an estimate online.

Home

Allstate Homeowners Insurance Review