?
?
?
Your premium has gone up.
Why?
Sometimes, even if you haven’t had an accident or filed a claim, your insurance premiums may go up. Here you'll find reasons your premiums
may change and suggestions for what you can do about it. Talk to your Allstate Agent about specific ways you can lower your insurance costs.
Learn more
Managing car
insurance costs
Managing home
insurance costs
What Allstate
is doing to help
External factors
Unfortunately, there are certain factors that affect insurance
premiums that are out of anyone’s control:
• Increasing occurrences of catastrophic weather (e.g., wind, hail,
heavy snow and ice) has resulted in a rise in total claims paid out
for damages
• Rise in home, auto and medical costs for claims
• Government regulation of insurance
• Insurance fraud
(e.g., increases in claims paid out, legal fees)
History
There are many factors that are considered when increasing
premiums. We review the policy coverage, prior claims, the type of
claims you’ve made and how long you’ve been with Allstate.
䉴 What you can do:
Talk to your Allstate Agent about your individual
case to discuss why your insurance costs have risen and what you
can do about it.
Insurance scores
Your insurance score is a snapshot of how safe or risky you are to
insure, and most insurance companies use it to help figure out your
premium. Our use of credit information enables us to offer lower
premiums to more customers and allows us to cover more drivers
and homeowners.
Different from your credit score, Allstate calculates your insurance
score using your credit history along with the following factors:
• Your overall payment history and length of credit history
• Your current balance on each account compared to your
highest balance
• Number of credit accounts and inquiries into your credit history
• Bankruptcies, foreclosures and other collection activity
䉴 What y
ou can do: Check your credit reports for accuracy and talk
to your Allstate Agent for ways to lower your costs.
Manage your
car insurance costs.
Here are some suggestions for how you can lower the cost of your car insurance. Discuss them with your Allstate Agent.
Consider your situation
Certain decisions you make regarding your car can affect your
insurance rates.
• Your car’s make and model
(e.g., new cars and sports cars often
cost more to insure)
• Where you park your car, which can affect the chances of an
accident or theft
• Adding/removing drivers from your policy (e.g., fewer drivers
mean less chance for accidents)
• How far you drive (e.g., less miles on the road means less chance
to get into an accident)
Make safety a priority
Avoiding expensive claims can help keep your premiums lower.
That’s why the more factory-installed safety features your car has,
the lower your rates may become. Features may include:
• Car security system
• Anti-lock brakes or dual airbags
Learn more
General insurance
factors
Managing home
insurance costs
What Allstate
is doing to help
?
?
?
Look for a discount
Allstate offers a variety of car insurance discounts, some of which
are listed below. You may qualify for a discount if you:
• Have more than one insurance policy with Allstate, which could
qualify you for a Multiple Policy Discount
• Have a young driver insured on your policy who is single, under 25
and earns good grades in school
• Successfully complete an approved accident-prevention training
course (if available in your state)
• Pay the full amount of your insurance premium up front
• Choose to have your insurance premiums deducted automatically
from your bank account every month
• Are 55 years of age and retired from a full-time job
Change your deductible
Choosing a higher deductible will lower your overall premium.
However, if you have an accident, you may end up paying more
of the repair costs out of your own pocket.
Change your coverage amount
Consider your car’s age. If you own an older car, it may not make
sense to keep comprehensive or collision coverage.
Manage your
home insurance costs.
Here are some suggestions for how you can lower the cost of your homeowners insurance. Discuss them with your Allstate Agent.
Consider the type of home you’re buying
Factors that can contribute to higher or lower homeowners
rates include:
• When your home was built — it’s typically less expensive to
insure a newer home
• Area the home is located in, which can determine the risks it is
prone to — such as severe weather
• Local building costs
Increase security
Guarding your home with security features can often lower
insurance rates. These may include:
• Dead-bolt locks
• Key code security system
• Smoke detectors and a fire extinguisher
• In-home sprinkler system
Look for a discount
Allstate offers a variety of discounts to homeowners, some of which
are listed below. You may qualify for a discount if you:
• Have more than one insurance policy with Allstate, which could
qualify you for a Multiple Policy Discount
• Own a home less than 50 years old
• Have not filed a claim for a certain period of time
• Completed renovations on your home
• Have storm shutters on the windows of your home
• Choose to have your insurance premiums deducted automatically
from your bank account every month
Change your deductible
Choosing a higher deductible will lower your overall premium.
However, if you have a claim, you may end up paying more of the
repair costs out of your own pocket.
Learn more
Managing car
insurance costs
General insurance
factors
What Allstate
is doing to help
?
?
?
Looking for ways to help you save money
At Allstate, we continue to look for ways to improve processes
and cut costs to help our customers save.
• We oppose fraudulent lawsuits and our Special Investigative
Units aggressively combat fraud
• We offer customers online billing and payment options, which
promote environmental safety and help us reduce costs
• We are developing technology that helps us more accurately
structure pricing to reflect each customer’s unique set of needs
Encouraging safer driving among teens
Fewer accidents means fewer claims paid out, which keeps
premiums lower.
• Research has shown that Graduated Driver Licensing (GDL)
laws can reduce teen crash fatalities by up to 40 percent, so
we’re the leading advocates for stronger GDL laws on the state
and federal level
• We also promote safe teen driving with our
campaign that raises public awareness for one of the most
dangerous driver distractions for teens today — texting
Advocating for safer cars
We help to protect customers from losses by supporting automotive
safety efforts, such as mandatory seatbelt laws, improved bumpers
and additional airbags. And we’re continuing our efforts with auto
manufacturers, insurers and the collision-repair industry to develop
innovative new ways to make vehicles more damage-resistant and
repairs more cost effective.
What Allstate is doing to help
keep your insurance costs down.
Minimizing your insurance premiums is one of our priorities. Here are some of the steps we’re taking to help you.
Learn more
Managing car
insurance costs
General insurance
factors
Managing home
insurance costs
?
?
?
