Allstate Insurance — Company Profile
What it is: the fourth-largest private-passenger auto insurer in the United States, sold mainly through local agents. The Allstate Corporation was founded on April 17, 1931, as part of Sears, Roebuck and Co. — the name came from Sears’ “Allstate” tire brand — and it has been an independent, publicly traded company (NYSE: ALL) since the mid-1990s. It is headquartered in Northbrook, Illinois.
Verdict: Legit Our rating: Not yet rated — the evidence check is published (see the legit check); numeric scoring with visible inputs is in progress, and we do not publish a number without them.
Allstate is a real, licensed insurer — a top-four auto writer with a Superior (A+) financial-strength rating. The caution flags are about fit and service metrics rather than legitimacy: its regulator complaint index runs slightly above the market benchmark, and buying is agent-led, so pricing is opaque until you apply. Full verdict evidence: Is Allstate legit?
The evidence
- Identity & scale: founded April 17, 1931, inside Sears, Roebuck and Co. (spun off in 1993, fully independent since June 1995); headquartered in Northbrook, Illinois; NYSE: ALL; sells through exclusive agents, independent agents, and direct/online channels. Brands include National General, Encompass, and Esurance.
- Market position: fourth-largest U.S. private-passenger auto insurer — $36.6B in direct premiums written and 10.2% market share in NAIC’s 2024 data (via the Insurance Information Institute).
- Complaint pattern: NAIC complaint index for auto insurance of 1.10 — slightly above the 1.00 benchmark, meaning somewhat more complaints than expected for a company of its size (compiled by CarInsurance.com, August 2026).
- Financial strength: AM Best affirmed an A+ (Superior) Financial Strength Rating for members of the Allstate Insurance Group in August 2025. (The smaller Allstate New Jersey Insurance Group is rated A- (Excellent) with a negative outlook in the same release — check which Allstate company is on your policy.) Ratings can change — check AM Best for the current rating before relying on it.
- Pricing: prices are individualised and agent-led: real pricing requires submitting your details, typically through a local agency. Published third-party studies disagree widely about Allstate’s average premiums, which is normal for an agent-sold insurer whose prices depend heavily on the individual risk.
Where to check next
There are no live quote offers for Allstate on this site yet, so the honest next step is comparison, not a checkout button:
| Alternative | Best for | See |
|---|---|---|
| All major insurers, side by side | Comparing sales models and fit | Best auto insurance comparison |
| Your own overpay estimate | Deciding whether to switch at all | Take the 60-second quiz |
| Arizona drivers | State minimums and Arizona averages | Cheap car insurance in Arizona |
Reader reviews
No verified reviews yet. This profile is new, and we will not dress it up with placeholder praise. When reviews arrive, each one is moderated by a human, labelled verified only when we can verify the reviewer, and published whether it is positive or negative.
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Allstate questions
Is Allstate part of Sears?
Not anymore. Allstate was founded in 1931 as part of Sears, Roebuck and Co. — its name came from Sears’ tire brand — but Sears spun it off in 1993, and it has been fully independent since June 1995. It is a publicly traded company (NYSE: ALL).
How do I buy Allstate insurance?
Mainly through local exclusive agents; Allstate also sells through independent agents and direct/online channels. If you want an entirely self-serve purchase with no agent involved, the direct insurers on our comparison page fit better.
Why does this profile say “Not yet rated”?
We publish a numeric score only with the inputs behind it visible on the page. This company’s evidence check (on our Is It Legit page) is complete; its full numeric scoring is in progress, so the honest label is “Not yet rated” rather than an invented number.
Is this your business?
Allstate representatives can claim this profile to respond to reviews and correct factual errors. Claiming is free; it never changes a verdict, a score, or a review. How claiming works
Sources (checked October 2026): Allstate founding and Sears history (Wikipedia); home office address (Allstate “Underwriting Companies” page). NAIC 2024 market share via Insurance Information Institute (NAIC data via S&P Global Market Intelligence). NAIC complaint index 1.10 compiled by CarInsurance.com (Aug 2026). AM Best press release affirming A+ (Superior) FSR; Allstate New Jersey Insurance Group A- (Excellent), negative outlook (Aug 28, 2025).