Live Insurance News

Auto insurance plans for Allstate could mean online leadership

October 10, 2013October 7, 2013 H. Cutner

The insurer has laid the foundation for selling on the internet and is now building on that base. For more than ten years, Allstate Corp. gradually lagged behind the competition in a number of ways within the fast growing online auto insurance business, but the insurer is now geared up to rocket ahead of the competition over this very important channel. This provider has been preparing to enhance its successes in this area and is now ready to go ahead. Almost two years ago, Allstate purchased the online auto insurance…

Auto insurance survey gives the leaders some time in the spotlight

October 4, 2013October 4, 2013 G. Turner

This latest study took a number of different categories into consideration to show where insurers shine. The auto insurance industry has just undergone another study, this time to help to provide some insight into the way that consumers think about the various insurers offering them coverage. Leading the companies in terms of customer satisfaction was USAA. According to the respondents to the auto insurance survey, one in every four said that they had considered changing their providers at some point during the last year. Among the customers in that category,…

Usage based insurance from Allstate Drivewise reaches a million miles driven

September 18, 2013September 16, 2013 G. Turner

The auto policies that use telematics technology through this insurer are expanding at an increasing rate. Allstate is celebrating a considerable usage based insurance milestone – so to speak – as the insurer has now passed one billion customer miles driven in the Drivewise program over the course of data spanning 38 million driving hours. This represents the equivalent of driving around the globe 40,000 times. As this news was released, Drivewise was also launched by Allstate into two more states – Kentucky and Montana – bringing that insurer’s usage…

Allstate remains ahead of Geico in auto insurance market

March 18, 2013March 17, 2013 Dan

Gap between Allstate and Geico begins to narrow Allstate remains the second largest company in the U.S. in terms of auto insurance, but the company may soon lose its position to competitor Geico. Over the past year, the auto insurance sector has seen some volatility due to the frequency of natural disasters and the prevalence of insurance fraud. Despite this volatility, however, several auto insurance companies, such as Allstate and Geico, have managed to generate strong profits. The gap that once separated the two companies is beginning to narrow as…

Usage-based auto insurance comes to Utah

February 22, 2013April 30, 2013

Allstate introduces new auto insurance program in Utah Auto insurance is taking a new turn in Utah. Drivers throughout the state will now have an opportunity to save money on their auto insurance coverage, thatnks to Allstate’s DriveWise program. The program is designed to gather information concerning a person’s driving habits and use this information to price coverage. This information is gathered through a simple device that can be installed beneath a vehicle’s steering wheel. Alternatively, On-Star using can also take advantage of the program without having to install an…

Usage based insurance launched by Allstate in NY

October 15, 2012October 15, 2012 Julie Campbell

Safe drivers in New York will be able to take advantage of potential savings on their premiums. Progressive may have taken the first steps into New York with usage based insurance, but Allstate isn’t far behind, and is now offering drivers in the state the opportunity to save money on their monthly premiums based on their safe driving habits. Motorists that demonstrate a lower risk of making a claim may save money every month. The Allstate usage based insurance program is known as “Drive Wise”. Though it is only just…

Allstate uses crowdsourcing for auto insurance claim predictions

May 19, 2012April 30, 2013

Car Accidents with Uninsured Motorists Cost

Insurer uses its broad connections to predict which cars will result in claims. Allstate Insurance has been recognized as the Most Connected Company by U.S. News, and decided to use that strength through a crowdsourcing technique in order to help find a solution to improve its forecasting model for bodily injury auto insurance claims, based on the type of vehicle involved in the crash. Forecasting is a critical capability for insurers, and the predictive data analytics that they use. These companies have become highly dependent on models that will help…