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State Farm vs. Allstate Home Insurance

Protect your home, your personal belongings, and your bank account with a homeowners policy from State Farm or Allstate. Learn more about these two companies in our State Farm vs. Allstate home insurance comparison.

Craftsman style home iStock

While both State Farm and Allstate offer home insurance to homeowners across the country, the companies differ in terms of how much dwelling, other structures, personal property, additional living expenses, liability, and medical payments coverage they offer.

To learn about these differences, along with information about each company’s endorsements, pricing, discounts, and customer service, read our State Farm vs. Allstate home insurance review and find the best homeowners insurance carrier for you.

To get home insurance quotes in your area, call 855-948-5219 or follow the below link for your free quote:

State Farm vs. Allstate Home Insurance Comparison

Provider State Farm Allstate
Provider State Farm Allstate
Other structures coverage limits* 10% of dwelling 10% of dwelling
Personal property coverage limits* 50% of dwelling 60% or 75% of dwelling
Monthly price** $122 $302
Discounts available 3 9
Unique add-ons Energy efficiency upgrade, service line Musical instruments, yard, and garden
Customer service Hours vary by department 24/7
BBB rating A+ A+

*State Farm coverage information according to The Zebra

**Based on sample quotes our team received

State Farm vs. Allstate Home Insurance Coverage Comparison

State Farm and Allstate include liability, medical payments to others, dwelling, other structures, personal property, and loss of use coverage in their home insurance policies, and both offer a variety of endorsements or additional coverage options.

State Farm Coverage

State Farm calculates the rebuilding cost of your home and uses that number for dwelling coverage and a percentage of that number for other structures, personal property, and loss of use coverage.

State Farm Coverage Amounts

Type of Coverage Coverage Options
Type of Coverage Coverage Options
Other structures 10% of dwelling
Personal property 50% of dwelling
Loss of use 20% of dwelling

Note: These figures are based on a sample quote our team received from State Farm. To compare your coverage options and determine your liability, medical payments to others, and deductible amounts, contact your local State Farm agent.

To make your State Farm coverage more comprehensive, consider adding on one or more of the following endorsements:

  • Service line
  • Earthquake
  • Full replacement cost
  • Energy efficiency upgrade
  • Water backup and sump pump overflow
  • Personal injury
  • Cyber event, identity restoration, and fraud loss
  • Home systems protection
  • Off-premises structures
  • Adult daycare
  • Depreciated loss

Allstate Coverage

Allstate also uses the rebuilding cost of your home to determine dwelling, other structures, personal property, and loss of use coverage. The company splits its deductible up by peril, which means you pay the deductible that matches the event that caused the damage. Below are the coverage amounts for the deductibles, along with other types of coverage.

Allstate Coverage Amounts

Type of Coverage Coverage Options
Type of Coverage Coverage Options
Other structures 10% of dwelling
Personal property 60% or 75% of dwelling
Loss of use 20% of dwelling
Liability $100,000, $200,000, $300,000, or $500,000
Medical payments to others $1,000, $2,500, or $5,000
Windstorm/hail deductible $2,500, $5,000, 1% of dwelling, or 2% of dwelling
Tropical cyclone deductible 2%, 3%, or 5% of dwelling
All other perils deductible $2,500, $5,000, 1% of dwelling, or 2% of dwelling

Here’s a list of Allstate endorsement options:

  • Roof surfaces extended coverage
  • Water backup
  • Green improvement reimbursement
  • Extended coverage on jewelry, watches, and furs
  • Identity theft restoration
  • Claim rate guard
  • Yard and garden
  • Scheduled personal property
  • Electronic data recovery
  • Business property
  • Musical instruments
  • Sports equipment

State Farm vs. Allstate Home Insurance Cost Comparison

Your insurance premiums may be lower or higher depending on your personal information, home characteristics, where you live, and insurance provider. We requested quotes from State Farm and Allstate to see how those two companies compared to the industry average.

State Farm Cost

After determining the rebuilding cost of the home used during the quote process to be $250,000, State Farm used a percentage of that for other structures, personal property, and loss of use coverage. We chose $300,000 for liability and $1,000 for medical payments and deductibles because that’s what a standard homeowners insurance policy comes with.

State Farm Cost Breakdown*

Type of Coverage Amount of Coverage
Type of Coverage Amount of Coverage
Dwelling $250,000
Other structures $25,000
Personal property $125,000
Loss of use $50,000
Liability $300,000
Medical payments to others $1,000 per person
Deductible $1,000
Monthly cost $122

*Quote and pricing information according to The Zebra

State Farm offers three discounts to lower your monthly premium:

  • Roofing
  • Home alert protection
  • Multiple lines

Allstate Cost

Allstate calculates coverage amounts in the same way that State Farm does, using the rebuilding cost of the home to decide dwelling, other structures, personal property, and loss of use coverage.

Allstate Cost Breakdown

Type of Coverage Amount of Coverage
Type of Coverage Amount of Coverage
Dwelling $332,437
Other structures $33,244
Personal property $199,462
Loss of use $33,244
Liability $300,000
Medical payments to others $1,000 per person
Deductible $2,500 for windstorm/hail/all other perils, $6,648.74 for tropical cyclone
Monthly cost $302

Allstate provides the following discounts to help you save money:

  • Welcome and loyalty
  • Homebuyer
  • 55 and retired
  • Multi-policy
  • Easy pay
  • Claims-free
  • Protective device
  • Early signing

In select states, Allstate offers smaller discounts to homeowners, including one for being a non-smoker.

Our Conclusion

After reviewing State Farm and Allstate, the This Old House Reviews Team found that Allstate is better for comprehensive coverage and State Farm is better for affordable coverage.

While $300 is a hefty price to pay for Allstate homeowners insurance, it comes with a variety of perks. You have more personal property and deductible options, you can customize your coverage from a list of 12 endorsements, you can lower your premium with discounts, and you have access to a 24/7 customer service center.

On the other hand, State Farm offers a policy that’s more affordable than Allstate and provides you with a similar number of endorsements.

The biggest drawback of State Farm is its quote process. You have to talk to a local agent to receive a quote, even if you’ve already started the quote process on the State Farm website. Not only does this add time to the quote process, but it also makes it difficult to compare all of your coverage and pricing options in one streamlined view.

Before choosing a home insurance provider, we recommend calling 855-948-5219 or using the zip code tool below to get insurance quotes from both companies so you can determine which one is best for your home protection needs.

Frequently Asked Questions About Home Insurance

Do Allstate and State Farm cover roof leaks?

Both home insurance companies cover roof leaks under a standard policy. However, Allstate won’t cover roof leaks that were caused by improper maintenance, and State Farm won’t cover the cost to repair your roof.

Is homeowners insurance required?

No, homeowners insurance is not required by law. However, almost all lending institutions require you to protect the structure of your home with hazard insurance. We recommend checking with your lender to determine his or her insurance requirements before purchasing a policy.

Will bundling insurance lower my premium?

Oftentimes, an insurance company will let you bundle a variety of policies, including life insurance, auto insurance, and home insurance. When you buy these policies from the same provider, you’ll be eligible for a discount.

How do features like trampolines and swimming pools affect my home insurance policy?

Because trampolines and pools may cause injury to a guest, insurance companies will either charge you more to protect against liability claims or deny you home insurance coverage altogether. If you’re struggling to find an insurance company that will cover these items, look into Lemonade home insurance and its swimming pool liability endorsement.

How do protective devices affect my homeowners insurance?

Safety features like deadbolts, smoke detectors, fire extinguishers, and security systems decrease the risk of damage from fire, theft, and vandalism, which is why most insurance companies will offer you a discount for having these features. If you don’t already have these protective devices in your home, we recommend installing them so that you can lower your insurance rate and improve overall home security.

When should I buy homeowners insurance?

If you’re a new homeowner, consider purchasing a homeowners insurance policy a few days before closing to prove to the lender that you’re protecting your home. If you’re a current homeowner, you can purchase a policy at any time.

To share feedback or ask a question about this article, send a note to our Reviews Team at reviews@thisoldhousereviews.com.