Difference Between Allstate and Country Financial (With Table)

It is very important to take insurances as they come with many benefits. Not only life insurance, but the vehicle, house, and many more other things also need insurances. Insurances firstly provide security and safety, they cover for uncertainties, they enable cash flow management and many more. 

Many companies provide a large number of insurance products, and such two companies are Allstate and Country financial. They both are top companies but have different benefits and drawbacks.

Allstate vs Country Financial

The difference between Allstate and Country financial is that Allstate is a car insurance company that is bigger with many coverage areas and discounts, whereas Country financial is an insurance company that is cheaper than Allstate but has limited flexibility and coverage areas. Allstate is not so much cheaper, but they have good customer satisfaction reviews, whereas Country financial has more insurance products but not got good reviews from customers.

Allstate is an American insurance company that was founded in 1931. It offers a wide range of insurance products such as life, motorcycle, RV, Boat, Pet Insurance, and many more. They offer many discounts for their customers and also have many coverage areas. They are very popular and have been rated very well by the customers.

Country Financial is an Insurance and financial services company that was founded in 1925 and serving for more than 95 years. They are available in 19 states and have fewer coverage areas but more insurance products. They are way cheaper than Allstates, but they don’t offer many discounts on the products. Although they have a good online presence, they don’t have many capabilities for good quotes.

Comparison Table Between Allstate and Country Financial

Parameters of ComparisonAllstateCountry Financial
Coverage AreasKnown for its top market share, Allstate has more available flexibility for coverage areas.Available only in 19 states, Country Financial has fewer coverage area options.
RatesAllstate is not cheaper but has more discounts and coverage areas.Country financial is a cheaper option but they don’t have many discounts.
TransparencyAllstate is more transparent than country financial for providing sample rates.Country financial is not very transparent as they are very private and don’t have such online quoting capabilities like Allstate.
Insurance ProductsThey have fewer insurance products for the customers.They have more insurance products than Allstate although they are not such big as Allstate.
Ratings and reviewsAllstate is big and has more coverage areas with many discounts, so it has very good reviews from the customers.Country financial is stable but not such coverage areas and fewer discount offers, thus it has been less rated by the customers.

What is Allstate?

Founded in 1931, Allstate is an American Insurance company that is headquartered in Northfield Township, Illinois. It is a big company ranked 79th in the 2019 Fortune 500 list of largest corporations in the USA. Offering a large number of Protection products. Allstate has one slogan – “You’re in Good Hands with Allstate.”

Their products range from life, home, auto insurances, and many more other insurance, which are being offered through multiple brands and diverse distribution channels. Thye has several mobile apps which let the user manage their account on their smartphones. There is an app called Driverwise developed by Allstate, which gives discounts to the drivers for driving safer, and it is not necessary to be a part of the Alstate customer. They are very popular and have more than 113 million proprietary policies.

What is Country Financial?

Founded in 1925 and headquartered in Bloomington, US, Country financial is a group of financial services and US insurance companies. They have their customers in 19 states. Ranked as 656th on the 2020 Fortune 1000 list having companies listed according to their revenues, Country financial is a cheaper option. They offer a wide range of insurance products and even more than Allstate, such as Crop, Farm, Business, Home insurances, and many more.

They have lesser coverage areas than Allstate, but they are much more flexible. Like Allstate, they also have their mobile app, which can be used by customers. They are not very transparent as they are more private. Besides all of these, they have less rated in the auto insurance customers satisfaction.

Main Differences Between Allstate and Country Financial

  1. Allstate is rated more by the customers for its more converge areas and discounts, whereas Country financial has been rated less by customers due to fewer discounts and coverage areas.
  2. Allstate has more coverage areas and is popular than country financial, whereas Country financial is available in only 19 states.
  3. Allstate is less cheap, but one can have more savings and discounts on the insurances whereas Country financial is cheaper but doesn’t have such discounts.
  4. Allstate has fewer insurance products flexibility, whereas Country financial is not so big but has more insurance products available with them.
  5. Allstate is more transparent in providing sample rates, whereas Country financial is less transparent and more private though they have an online presence also.

Conclusion

Insurances come with so many benefits, and it is an important decision when it comes to choosing the best insurances for yourself or any of your assets. The various quotes given by the companies are sometimes very challenging, and we are not able to decide what to choose. There are so many factors that should be kept in mind, such as coverage options, third-party ratings, rates, coverage areas, discounts, flexibility, and many more. These factors will definitely go to help in choosing the best which we can afford.

Where in the one hand, Country financial seems way cheaper than Allstate, but they don’t have many coverage areas. Allstate, on the other side, is not cheaper but has more discounts and more coverage areas. Both have their pros and cons, and at the end of the day, it’s on us who meets the insurance needs.

References

  1. https://onlinelibrary.wiley.com/doi/abs/10.1111/joca.12057
  2. https://elibrary.ru/item.asp?id=6233264

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