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Allstate vs. State Farm: Which Is Better? – GOBankingRates

Money / Financial Planning


Money / Financial Planning

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If you need home and auto insurance, you may be able to simplify the process and save money by bundling coverage with one insurance provider. But how do you choose a company from all the available options? 

When deciding on the best insurance company, looking at the top carriers is a good start. State Farm is the largest insurer in the country with a 9.12% market share and over $66 billion dollars in policies. Allstate is the fifth-largest insurance carrier in the country, underwriting over $34 billion and maintaining a market share of 4.73%. This Allstate vs. State Farm comparison gives you a good understanding of what each carrier has to offer.

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Allstate vs. State Farm Fast Facts

Both Allstate and State Farm have been around for quite some time. Plus, they’re both traditional insurers with physical offices and agents nationwide for personal service. Here’s more on how the two carriers compare.

Allstate State Farm
Founded 1931  1922
Headquarters Northbrook, IL  Bloomington, IL
NAIC Complaint Rating 1.56 — above average complaints  2.58 — above average complaints
AM Best Rating A+  A++
Availability Nationwide Nationwide
Number of agents/offices 83,600  19,000 

Allstate vs. State Farm: Types of Coverage

When it comes to coverage, each insurance company offers the most popular types of insurance such as home, auto, renters and life insurance. Take a closer look at the following comparison of the types of coverage available.

Car Insurance

Vehicle insurance is available nationwide for the amount of coverage required by your state. In most states, the minimum requirement is liability insurance, although no-fault states such as Florida also require medical payments or personal injury protection. Here are the kinds of coverage you can buy from each carrier.

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Allstate Car Insurance State Farm Car Insurance
Liability X X
Uninsured or underinsured motorist coverage X</…….


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