Allstate Renters Insurance Review

Allstate was founded in 1931 during the depths of the Great Depression. During that time, visionary leader Robert Wood, a World War I general who was also the president of Sears, knew the country had a growing need for quality insurance products and sought to fill that need through his new venture.

If you’re on the hunt for renters insurance and think Allstate may offer what you need, keep reading to learn more about renters insurance from Allstate.

These days, Allstate is a popular American brand that offers auto insurance, life insurance, and homeowners insurance policies. Not only are they known for offering low prices on a variety of products, they are known for the many customer discounts they offer as well as their famous slogan, “You’re in good hands.”

J.D. Power Rating
2/5
AM Best Rating
A+
Standard & Poor’s
AA-
SimpleScore
4.2 / 5.0
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SimpleScore Allstate 4.2
Discounts 5
Coverage Options 5
Customer Satisfaction 2
Support 4
Customer Satisfaction 5
  • Plenty of additional coverage options
  • Bundling discount options
  • As little as $4 a month

 

  • Poor customer satisfaction reviews

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    America’s top-rated renters insurance

    • Policies starting at just $5/month
    • Sign up in seconds, claims paid in minutes
    • Zero hassle, zero paperwork
    In this article

      While home and auto insurance are two of the most common types of coverage families need to purchase, Allstate also offers renters insurance. This type of insurance aims to cover an individual’s personal belongings, furniture and valuables — but not the building they live in.

      Allstate renters insurance: key takeaways

      • Apply for a free, no-obligation quote online and without speaking to an agent.
      • Get coverage for your personal property, personal liability, living expenses, medical expenses and more.
      • Choose from add-on coverage that can help protection your valuables.
      • Qualify for discounts that can make your Allstate renters insurance cost even cheaper.

      Allstate renters insurance review

      Like other insurance companies that offer renters insurance, Allstate offers a certain level of base coverage with the option for customers to pay more for add-ons. Most basic policies include a range of coverages that can help protect your personal property like furniture, electronics and luxury items while protecting you against some of life’s “what ifs.”

      Coverages offered in Allstate renters insurance policies include:

      • Personal property coverage: Personal property coverage is at the core of renters insurance since it can repair or replace your belongings if they are stolen or destroyed. Items covered by basic personal property coverage can be clothing, electronics, family heirlooms, furniture and more.
        • You can choose between actual cash value or replacement cost (note: Allstate refers to it as reimbursement provision). Actual cash value means your belongings are covered for their replacement minus any depreciation that has occured since the time of purchase. Common causes of depreciation are things like age or general wear and tear. Replacement cost coverage replaces your belongings for the cost it would take to replace them at the time you file a claim. This type of policy is more expensive than an actual cash value policy. To determine which one is best for you, you should do a home inventory. The easiest way to do this is to do a video walkthrough or take a series of photographs of all of your possessions.
      • Living expenses: This coverage can reimburse you if you need to move because your rental becomes uninhabitable due to fire, vandalism or other factors beyond your control.
      • Personal liability: This coverage can pay for legal expenses, medical bills and additional damages incurred if someone is injured on a property you rent and they sue you as a result.
      • Guest medical: Guest medical coverage will kick in to pay for medical expenses when someone is injured on your property.

      In addition to basic levels of coverage, Allstate lets you select special add-ons that can protect you and your personal belongings even more. Optional coverage includes identity restoration coverage that can help protect you from the financial consequences of identity theft. You can also pay more to cover high-priced belongings you want to protect such as expensive jewelry, audio equipment or camera equipment, or irreplaceable family heirlooms.

      Flood insurance is also available (and suggested) to renters who are living in an area prone to flooding and the subsequent water damage. Finally, a personal umbrella policy can provide another layer of coverage that can kick in when all your other insurance is exhausted.

      How to get a renters insurance quote from Allstate

      One big benefit of getting a renters insurance quote from Allstate is the fact you can complete the entire process online — and without speaking to an agent. All that’s required for a free, no-obligation quote is heading to the Allstate website and filling out some basic information.

      As you prepare to get a free quote, you should plan to submit the following details:

      • Name.
      • Birthdate.
      • Address.
      • Marital status.
      • Email address.
      • Phone number.
      • Property details.
      • Claims history.
      • Preferred coverage options.

      Once you’re done with the application process, you’ll get a basic quote for renters insurance. From there, you’ll have the option to tailor your policy to meet your specific needs by adding on additional coverage, tweaking coverage levels or applying special discounts. You always have the option to speak with an Allstate agent if you want to, but you don’t have to.

      Allstate renters insurance discounts

      offers several different discounts you can access if you are an existing customer, you own specific theft-prevention devices, or you meet other requirements. Here are the main Allstate renters insurance discounts you should know about:

      • Multi-policy discount: Save on renters insurance when you bundle your policy with auto insurance coverage.
      • Safe home discount: Qualify for a special discount if your home has certain safety features like a security system or fire alarms. Doing this can save you up to 15% on your premium.
      • Claims-free discount: Qualify for more discounts for remaining claims-free. Save up to 20% every year you manage to stay claims free.
      • Auto-pay discounts: Get a discount for setting up automatic payments or for paying your premiums upfront instead of month by month. Signing up for easy pay reduces your premium by 5%.
      • Retiree discount: You can save up to 25% off renters insurance premiums if you’re over the age of 55 and retired.

      Find the Best Renters Insurance

      Save money on renters insurance with our simple comparison tool.

      Matching you with providers.
      We found results in
      Click at least 2-3 companies to find the very best rate.

        America’s top-rated renters insurance

        • Policies starting at just $5/month
        • Sign up in seconds, claims paid in minutes
        • Zero hassle, zero paperwork

        Does Allstate have any add-on features?

        Allstate doesn’t just offer renter’s insurance. In fact, they offer a whole slew of insurance policies you should consider if you’re purchasing renter’s insurance. Remember: the more policies you have, the greater your multi-policy discount may be.

        Insurance policies you should consider include:

        Boat insurance: Boat insurance doesn’t just protect your boat, it also protects people who may get hurt while on your boat as well as any gear you have on the boat at the time of the covered event.

        Business insurance: Chose to invest in a small business? Then you should protect it the same way other people protect their house. Allstate business insurance helps protect you from financial risk.

        Event insurance: Got a big day planned that you’ve invested a lot of time and money into? Event insurance can help protect those special, once in a lifetime events – like a wedding, for example. Allstate special event insurance protects you from financial loss in the event of weather, illness or other covered perils forcing you to cancel your event.

        Identity theft protection: Identity protection does what you think— it helps keep your personal information from being used for nefarious purposes. This is highly recommended. It doesn’t matter how old you are or what you do. Every person is vulnerable to this type of crime. In the latest study released by Javelin Strategy and Research in 2018, 14.4 million fell victim to this crime. Allstate’s identity protection insurance will help monitor your activity to keep you safe, help you restore your identity if it’s stolen and will reimburse you for many things, including lost wages and legal fees.

        Pet insurance: Is your pet like a best friend to you? Would you be devastated if something happened to him or her? Get pet protection so you know your pet will always get the care it deserves. Allstate pet insurance is offered through American Modern Insurance Group and will cover many pet issues that may arise including illnesses, medications, physical therapy and surgeries.

        Permanent life insurance: A long lasting life insurance package so you never have to worry about what would happen to your loved ones should something happen to you.

        Personal umbrella policy: A large liability claim would force you to pay out of pocket. With an umbrella policy, you don’t have to worry about what would happen in the event that you are held responsible for a disastrous event.

        Snowmobile insurance: Protects your snowmobile all year round.

        Voluntary employee benefits: If your health insurance is limited, and you have a health condition that isn’t covered, you should consider looking into voluntary employee benefits. This supplemental coverage will even cover some of your nonmedical expenses if you have cancer, a disability or critical illness. It will also kick in for some costs after a severe accident.

        How we rated Allstate’s renters insurance

        At The Simple Dollar, we aim to provide a general overview of each insurer’s products and services through a standard rating process. With that in mind, we considered policy offerings and overall customer satisfaction using J.D. Power’s 2019 U.S. Home Insurance Study. We also measured financial solvency based on reports from AM Best., S&P, and Moody’s to give you an accurate Allstate review.

        Methodology

        SimpleScore

        The SimpleScore is a proprietary scoring metric we use to objectively compare products and services at The Simple Dollar.
        For every review, our editorial team:

        • Identifies five measurable aspects to compare across each brand
        • Determines the rating criteria for each aspect score
        • Averages the five aspect scores to produce a single SimpleScore™

        Here’s a breakdown of the five aspect scores and their rating criteria for our renters insurance reviews.

        Why do some brands have different SimpleScores on different pages?

        To ensure the SimpleScore is as helpful and accurate as possible, we developed unique criteria for every category we compare at The Simple Dollar. Since most brands offer a variety of financial solutions, their products and services will score differently depending on what we’re scoring on a given page.

        However, it’s also possible for the same product from the same brand to have multiple SimpleScores. For instance, if we compare State Farm’s home insurance according to our criteria for the best home insurance, it scores a 3.8 out of 5. But when we compare State Farm according to the criteria for the best auto insurance, it scores higher, since the features the company offers can vary by the type of insurance.

        Discounts

        We awarded higher scores to insurance providers with more discounts available on their website.

        Coverage Options

        We gave providers with more renter insurance coverage options a higher score because they’re more likely to have a policy that best meets your needs.

        Support

        We awarded higher scores to renters insurance providers with the most channels for customer support.

        Customer Satisfaction

        We leveraged the J.D. Power Home Insurance Satisfaction Study℠ to see how customers rated their experience with each insurance provider. (If a provider wasn’t included in J.D. Power’s study, we skipped this aspect and averaged the four remaining aspect scores.)

        Accessibility

        We awarded higher scores to insurance providers that have more online and mobile features to easily manage your policy and claims.

        Lauren Ward

        Contributing Writer

        Lauren Ward is a personal finance writer living in Virginia’s Blue Ridge Mountains with her husband and three children. In her spare time she enjoys board games and gardening.

        Reviewed by

        • Aylea Wilkins
          Aylea Wilkins
          Insurance Editor

          Aylea Wilkins is an editor specializing in insurance for The Simple Dollar. After getting a degree in European studies and editing from Brigham Young University, she worked as a writer and editor for a variety of small websites before transitioning to the insurance field.