Allstate Insurance Co. of Canada Car Insurance Review

  • Allstate Canada

Allstate Insurance Co. of Canada Insurance Company Overview

company

Allstate insurance is the second largest insurer in the United States and the insurer definitely plays a large role in the insurance industry for Canada. The company was founded back in 1931 as part of Sears, but in June 1995 Sears sold the remaining portion of the stake they had in the company. Allstate runs under its own name, but it also has several subsidiaries that sell insurance under it including Encompass Insurance Company, Esurance, SquareTrade, Allstate India and www.allstate.ca. The company is listed on the S&P 500 and they employ more than 40,000 people. Allstate insurance is definitely a big name in Canada and they actually placed 9th in terms of insurance company profits with a total profit of $69,400,000.

Products Offered by Allstate Insurance Co. of Canada Insurance

One reason why you might consider going with Allstate insurance is simply due to the large size of this company. Allstate has been around for a very long time and they definitely know what they are doing when it comes to insurance. Allstate has a website that is very easy to maneuver around on and the company makes it extremely easy for you to be able to get a quote for the kind of insurance that you need. To help you decide if Allstate offers the insurance that you need, here are some of the main products that they currently offer:

Auto Insurance:

  • Liability
  • Accident Benefits
  • Direct Compensation Property Damage (damage when another motorist is not insured)
  • Comprehensive Coverage (theft, vandalism, fire)
  • Claim forgiveness
  • Ticket Forgiveness
  • Disappearing deductible

Property Insurance:

  • Home Insurance
  • Condo Insurance
  • Tenant Insurance
  • Rental Insurance
  • Natural Disaster
  • Detached private structure
  • Seasonal home insurance

Allstate Insurance Co. of Canada Car Insurance Review

If you think you might be interested in going with Allstate insurance, you may want to learn about their total written auto premium first. This statistic is important to look at as it can give you a really good idea as to how popular the insurance company is in the country. It is also a good idea to look at, due to the fact that the insurance company uses this money to pay any claims that are made. This number should be substantial for their client base so that they don’t risk being able to pay claims that are made by their clients. Allstate has a very generous total written auto premium of $1,042,571,000. This number is substantial so you can be pretty sure the company will be able to pay off any claims you make, which is what you should look for in a quality insurance company.

Allstate Insurance Car Insurance Products:

medical

Accident Benefits:

In the event of an accident, Allstate Insurance’s mandatory coverage will compensate you for any medical expenses that you incur. The company will pay for things like funeral expenses, rehabilitation and loss of income as a result of disability from your accident. You would be surprised how much some of these things can cost as sometimes it can take someone a long time to heal and get back to normal, which is why this is a product you might want to consider.

Claim Forgiveness:

If you are considering adding optional coverage, you may be interested in picking up claim forgiveness. This is a package you can get that ensures you won’t have an increase in your rates if you make an at fault claim. If you have this coverage and the first claim expires, you can also have a second claim forgiven on your record, which is always nice. You really can’t predict if and when you are going to get a speeding ticket. For young people, this can have a huge impact on their insurance rates, which is why you might want to consider grabbing this coverage.

Waiver of Depreciation:

If you have a new car and want to make sure that you don’t lose the value in your vehicle in the event of an accident, you can pick up this coverage. If an accident occurs when you are driving your new vehicle and the car is in un-repairable condition, you can have peace of mind as the insurance company will give you the full value of the car back.

Ticket Forgiveness:

If you are worried about getting a speeding ticket, you will certainly like this coverage option. If you have the ticket forgiveness coverage package on your insurance, you will be forgiven in the event you get a minor driving offense. Your insurance rates won’t increase and you can continue to pay the same amount that you were before getting a ticket. This is definitely a policy you might want to consider if you drive a faster car or if you just want some peace of mind.

Discounts:

A good benefit of Allstate insurance is that they have multiple ways that you can get discounts on car insurance. The company offers you the ability to save if you combine both your auto insurance and property insurance policy. You are also eligible for a discount if you insure more than one vehicle and if you are a newly licensed driver who has taken a driver training course. These discounts are one of the many reasons why Allstate is as popular as it is.

Allstate Insurance Total Sales/ ranking by Province:

ranking

If you are unsure about going with Allstate for your insurance needs, you may be interested to see how Allstate compares to other insurance companies in your area. Generally speaking, the more popular the insurance company, the better the insurance plans they have for an affordable price tag. To help you be able to decide if Allstate is for you, we have created a table containing the 2015 direct written premiums by Province for Allstate. The table shows how Allstate ranked in comparison to the top 30 insurance companies in each of the Provinces. Here is what we found:

Province:Direct Written Premiums 2015Ranking on Top 30
NewfoundlandN/AN/A
Prince Edward IslandN/AN/A
Nova Scotia27,731,0008
New Brunswick41,319,0005
Quebec58,170,00011
Ontario819,126,0005
ManitobaN/AN/A
SaskatchewanN/AN/A
Alberta95,878,00011
British ColumbiaN/AN/A
Yukon Territory61,00016
Northwest Territories233,00015
Nunavut53,00015

Resources:

https://www.allstate.ca/webpages/auto-insurance/car-insurance.aspx

https://www.allstate.ca/

https://en.wikipedia.org/wiki/Allstate