allstate insurance television commercials FAQ

Save Hundreds on Your Car Insurance by Switching to So and So?

Jan 20, 2009 by Tears of Oberon (Pack of One) | Posted in Insurance

We have all probably seen the car insurance commercials on television proclaiming "You could save 300, 400, 500 dollars by switching to my company!" (ie. AllState, Geico).

But I've always wanted to know: Compared to what? Exactly

Each company has it's own demographics where that company is better than other companies. Company A may have the lowest rates for younger drivers, Company B for older drivers, Company C for drivers with better credit, and Company D for high risk drivers.

Zarnev | Jan 20, 2009

Each company has it's own demographics where that company is better than other companies. Company A may have the lowest rates for younger drivers, Company B for older drivers, Company C for drivers with better credit, and Company D for high risk drivers.
Zarnev | Jan 20, 2009

are the big insurance companies going bankrupt?

Jan 19, 2009 by john joseph Addiction Help | Posted in Insurance

Allstate has been advertising on television that they have lower rates than Geico insurance. They also say in their commercial that they have rates about 75% lower than other companies. Is this a big push to write policies and get cash because they are

Some insureurs have had a squeeze on their capital position this year becasue of substantial losses in the their general portfolio. (AIG, HIG, PRU, MET, GNW and others) Many of these companies bought these toxic CDO's which continue to depreciate in value.

smartguy | Jan 19, 2009

I had Allstate and they kept raising my rates. I switched to Geico and saved appx.$700 annually.
Just say no! | Jan 19, 2009

allstate insurance television commercials news

Leapin' lizards! What's with all the car insurance ads on TV?

18.05.12

SALT LAKE CITY — It turns out that recessions are great, if you're in the car insurance business.

The reason goes something like this: A bad economy means more people have financial difficulties, of course, which can mean their credit scores drop. Many insurance companies use credit scores to determine the rates they charge. The rate goes up as the score goes down.

That means that even if a person is a good driver, their insurance rates can go up if financial troubles ding their credit score, resulting in more profits for the insurance company.

And those companies are not winning customers' hearts by using that windfall to lower rates. Instead, they're using that extra cash to woo new customers through clever, high-end TV ads. That is why there is a bumper crop of insurance ads on TV.

Industry watchers are calling it an all-out media war. The Nielsen Co. said car insurance companies spent $1.46 billion on TV ads in 2009, $1.85 billion in 2010 and $1.97 billion in 2011.


Source: Deseret News