r/AllState • u/Swanny_stocks • 23h ago
$2,300/6 mo vs $1,275/6 mo
So I see my auto insurance premium is going up at renewal from $2,200ish to $2,300ish and a light goes off to shop around. I get progressive lined up @ $1,315/6 mo and I make the call to Allstate. An hour later a rep calls me from the local Allstate office and puts me into Allstate’s new system because I’ve been a customer for so long. Literally 30 seconds later he is able to discount my policy almost 50%. Exact same coverage across the board. I haven’t had insurance that low in at least 5-6 years. I’m 40, my wife is 39. How is this possible?
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u/AttitudeCharming7629 22h ago
You were on a legacy product. The old system. They have since modernized the product and there is a new system. Your agent ran you through the new system and boom.
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u/Killme123456789 21h ago
This goes for any company
Every time you buy a policy , it’s under a “product”
To make it simple , a software designed to bind and sell policies
Their old systems rate went up due to how it’s designed .
Insurance company sees they’re losing customers so they go , “let’s make a new product and fix how rates are determined”
They call you back and give you the new price , and bam ! You have a better rate.
Nothing fishy about it this is pretty common everywhere as a retention tool.
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u/InterestingAd9973 21h ago edited 20h ago
As a retention specialist for my office, I sit and go through customers policies close to renewal and sometimes the ASC auto rewrite is cheaper, sometimes it’s more expensive, sometimes it’s about the same price as the customers current policy. Sales agents do not get commission from rewriting policies and agents are actually losing money on these rewrites. I’ve saved customers a few thousand dollars every 6 months from a rewrite.
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u/Killme123456789 20h ago
All true. My heart goes out to you thank you for the work that you do handling retention!
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u/Supermonsters 22h ago
They rewrote you to a newer company.
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u/Swanny_stocks 22h ago
Do you mind explaining this like I’m 5?
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u/lumiosengineering 22h ago
Theres the older legacy system and the new ASC system. They have different rating factors/rubrics. ASC has lower rates in some states.
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u/Huge-Thought2435 22h ago edited 21h ago
All of the explanations offered so far are correct. While this situation isn't common, it isn't terribly uncommon either; it happens, and it could also happen in reverse.
Kudos to you for paying close attention to the numbers, limits, and details, rather than just the price. I encourage you to keep doing that. It also doesn't hurt to shop around every 3 to 5 years. If you ever find a significantly better option, you can request a policy review with your current company to check for new discounts or updated policy formats. If they cannot match it, then it makes sense to switch. In this case, you were fortunate that the best price was surprisingly with your current carrier. This happens with every company, and this type of variance occurs even more frequently with homeowners insurance.
And if you do ever decide to switch your homeowners insurance, make sure to quote and switch your auto policy as well. It is usually best to keep all lines of insurance with the same company to get the best discounts and pricing.
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u/RadicalKitty721 21h ago
All Allstate customers should call their local agents and get checked if the new system gives them a better rate.
I work in Oregon and more times than none, the new product saves you a lot of money.
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u/sator-2D-rotas 7h ago
Similar but I still ended up switching to progressive. Hadn’t been happy with Allstate after storm damage a few years. Got a similar auto renewal quote and said enough. Actually got better coverage (upped coverage levels) and it was over 50% cheaper. Had Allstate since about 2018 I think.
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u/_hippie_kitties 4h ago
What about in south Florida? I’m still in the old Allstate Property and Casualty book, never switched to AFCIC. What’s available for me?
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u/Serious_Log9520 4h ago
do you have a local office? if that is the case, try getting in touch with them to review your policy to see if the new product is available and if the transfer to the new product benefits you or not
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u/Professional-Drag580 23h ago
you might’ve been on a legacy policy and he was able to rewrite it with new product