Allstate Life Insurance in Florida Review [2022]
Rachael Brennan has been working in the insurance industry since 2006 when she began working as a licensed insurance representative for 21st Century Insurance, during which time she earned her Property and Casualty license in all 50 states.
After several years she expanded her insurance expertise, earning her license in Health and AD&D insurance as well. She has worked for small health in…
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Written by
Rachael Brennan
Licensed Insurance Agent
Benjamin Carr was a licensed insurance agent in Georgia and has two years’ experience in life, health, property and casualty coverage. He has worked with State Farm and other risk management firms. He is also a strategic writer and editor with a background in branding, marketing, and quality assurance. He has been in military newsrooms — literally on the frontline of journalism.
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Reviewed by
Benji Carr
Former Licensed Life Insurance Agent
UPDATED: Jan 16, 2022
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Quick Facts
You’ll find plenty of agents that offer Allstate insurance in Florida
Allstate offers a variety of term and permanent life insurance options in Florida
Allstate’s car insurance ratings in Florida are higher than its life insurance ratings, but its life insurance appears to be competitive
If you’re a new Florida resident looking to learn more about different types of term life insurance before you invest, you may want to consider Allstate insurance.
Finding the right life insurance policy is hard enough. This article will break down Allstate’s Florida ratings, reviews, and rates so that you know whether or not you should choose Allstate for life insurance.
Excited to learn more about Allstate insurance in Florida? Keep scrolling to read more or take advantage of our free quote tool above to get quotes from the top life insurance companies near you.
Is Allstate insurance in Florida good?
Allstate is a popular insurance provider that advertises very heavily. You’ll find a myriad of insurance products with Allstate including auto, home, motorcycle, renters, and life. Allstate typically offers strong products and boasts of being a consumer-first company.
Not every life insurance company offers its insurance products in every state. However, Allstate does supply Florida residents with life insurance policies, amongst other types of insurance. There are Allstate agents throughout Florida, in most towns at this point.
It’s not surprising that Allstate offers life insurance in a state as large as Florida, but what’s more important is that the company is trustworthy, affordable, and respectable. In the following sections, we’ll help you determine if Allstate insurance in Florida is worth buying based on those concepts.
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What are the ratings for Allstate insurance in Florida?
Allstate is probably more popular for its presence in the car insurance industry. In fact, J.D. Power rated Allstate very high for customer satisfaction with the company’s car insurance products.
Sometimes these indirect ratings can be misleading because a company may not have the same level of proficiency selling one product compared to another. Does Allstate rate highly for life insurance too? Some of Allstate’s top ratings are listed below.
A.M. Best: A+
Fitch: A+
S&P: A-
Better Business Bureau (BBB): A+
NAIC Complaint Index: 2.71
Allstate’s life insurance ratings are mostly positive, with the exception being the company’s NAIC Complaint Index. Unfortunately, this might be the most important rating as it relates to policyholder satisfaction.
A.M. Best, Fitch, and S&P each affirmed that Allstate is in excellent financial standing with a positive future outlook. This makes sense for a popular company that sells an assortment of insurance products.
The NAIC Complaint Index score indicates that Allstate has a high number of complaints compared to industry competitors. With a score of 2.71, Allstate fields nearly three times the number of complaints as an average industry competitor.
Despite the negative NAIC Complaint Index, Allstate’s BBB rating suggests that they handle complaints promptly for the most part. In any case, if you purchase an Allstate life insurance policy in Florida, you’ll want to be sure you have all of the paperwork for yourself and your beneficiaries in order.
What life insurance products does Allstate offer in Florida?
If you’re buying life insurance with Allstate, you can anticipate finding similar policy options and rates in Florida to those you would in other states that offer Allstate life insurance. Car insurance tends to be heavily dictated by where you live while life insurance is less vulnerable to location.
In any case, Allstate offers a handful of term and permanent life insurance policies. If you’re unfamiliar with term vs. permanent life insurance then you might want to research the difference between the two before you purchase a life insurance policy from Allstate or another life insurance company.
Allstate’s Florida life insurance policy options include:
Term life insurance
Whole life insurance
Universal life insurance
Variable universal life insurance
Allstate has a strong assortment of life insurance options that vary in price and function. For the best monthly price, a term life insurance policy is usually the most reasonable option. Allstate offers policies with 10-, 20-, 30-, and 40-year term lengths. Most companies cap their policies at 30 years.
Above, you’ll get a general idea of how much you might pay for an Allstate life insurance policy in Florida. These sample rates show common trends with prices that vary between ages and genders. Healthy females typically pay the least for life insurance.
Allstate’s rates might seem fairly reasonable until you compare them to the competition. Though it appears that Allstate is consistently cheaper than State Farm, both companies appear to be more expensive for term life insurance. If you’re searching for the cheapest policy, Allstate might not be the best option.
This might come as a surprise because Allstate car insurance is typically very affordable. Allstate car insurance quotes aren’t following the same models as the company’s life insurance quotes.
Unfortunately, it’s very difficult to provide sample permanent life insurance rates because of the variables surrounding the cash value component. Not to mention, the policy depends directly on your age if you intend on paying it until death.
From what we know, Allstate has strong life insurance policy options and reasonable rates, although you can likely find cheaper ones. There are a couple more things to consider before you buy Allstate insurance in Florida.
More About Allstate Insurance in Florida
Buying life insurance from Allstate comes with some good and bad factors to consider. Larger companies like Allstate tend to be financially stable and offer undervalued benefits such as accessibility.
In Florida, you can find a local Allstate agent almost anywhere. If you’re not the type of person that wants to sit on the phone all day, this can be a huge benefit.
In addition, Allstate insurance offers a mobile app where you can access your policy, pay your premiums, and more. This makes it easy to make changes on the go instead of being forced to sit down at a desktop.
Beyond personal convenience, it’s important to be sure your beneficiaries know where to go and how to submit a claim when the time comes. Allstate’s life insurance claims appear to be fairly straightforward.
With Allstate, you can initiate life insurance claims in person with an agent or by phone. If your beneficiaries choose to call, they will need to mail in the appropriate documents. It always helps to provide them with your policy number and other important information as needed.
Unfortunately, Allstate’s claims aren’t yet online, so the tracking process is done via phone. This is another reason why having access to an agent might be a good idea.
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Allstate Insurance in Florida: The Bottom Line
Buying life insurance from Allstate in Florida is a reasonable choice considering the company’s ratings, policy options, and the convenience that comes with buying from a large company.
By now, you should have a better idea of whether or not you want to buy Allstate insurance in Florida. Before you go, take advantage of our free quote tool to get instant rates from the best life insurance companies in your area.
