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With the average full coverage-car insurance policy costing a hefty $2,640 annually, according to Bankrate, you might be wondering if you’re getting optimal value for your hard-earned dollars ...
However, Allstate is cheaper, on average, for minimum coverage. Both carriers’ full coverage rates are higher than the national average of $2,014 per year, and AAA’s average rate is higher ...
Company. Average annual premium for full coverage. Average annual premium for minimum coverage. Difference. Allstate. $2,630. $545. $2,085. American Family. $1,700
The term full coverage is actually a misnomer because, even within traditional "full coverage" insurance, there are many different types of coverage, and many optional amounts of each. "Full coverage" is a layman's misnomer that often results in drivers and vehicle owners being woefully underinsured.
Allstate [8] American Automobile Association (AAA) [9] American Family Insurance [10] American Income Life Insurance Company; American International Group (AIG) [11] [12] American National Insurance Company [13] American Strategic Insurance (ASI) [14] Ameriprise Auto & Home Insurance; Ameriprise Financial [15] [16] Ameritas Life Insurance ...
Allstate continued to sell additional types of insurance to customers throughout the decade, including worker's-compensation insurance in 1964, surety bonds in 1966, inland-marine coverage in 1967, and a business package policy in 1969. [7]
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