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Between your daily commute, summer road trips to the cottage and shuttling the kids around town, you depend on your car to get you around. That’s exactly why you need quality car insurance to protect it. At Allstate, we know that it isn't always easy to find the right auto coverage to fit your specific needs and budget. That's why we created Your Choice Auto® to give you the flexibility to choose the features that work for you. There are many bundling options that can save you money. And, you'll also have a 24/7 claims team that is always here when you need them. No matter what happens, we'll make sure you’re in Good Hands®.

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Founded in 1931 by General Robert E. Wood, then-president of Sears, Roebuck and Company, Allstate Insurance Company has written insurance policies for almost 90 years.

4.61/5 Stars (295 Reviews) - Home, Life and Car Insurance from Sandra E. Ornelas, Allstate Insurance Agent in Walnut CA 91789. The Allstate Corp. Is selling Allstate Life Insurance Co. To entities managed by investment firm Blackstone for $2.8 billion. Explaining the move from Allstate’s perspective, Allstate CEO Tom. Insurance Bundling 101. Having multiple Allstate insurance policies can help you save money and time. For example, you may save money on your premiums with our multi-policy discounts when you bundle home and auto insurance.

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E Quotes Insurance By Allstate Company

We know choice in coverage is important, so before you decide what extra features you want, we’ll make sure you have what you need. With Claim Forgiveness, your rate won’t go up because of a claim*. And with Disappearing Deductible, your deductible will go down for every term you go without making a claim**. No matter what, Allstate has you covered for:

• Liability: Protects you in the event you’re involved in an accident and held legally liable for injury or death to other people. It also covers damage to their vehicle or property.
• Accident Benefits: Covers medical expenses, including but not limited to: medical treatment, rehabilitation, funeral costs, and loss of income as a result of injury (not available in Quebec).

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We know choosing the right car insurance policy is not always easy. Beyond mandatory coverage, what else do you need? It depends on a number of factors — your driving record, what kind of car you drive, how often and where you drive it, and many other factors. At Allstate, we're always here to help make sure you have the coverage that's right for you. You can choose from additional coverage through Your Choice Auto®, including:

• Collision (Collision and Upset in Quebec): Covers the cost of repair or replacement of your vehicle (up to its actual value minus your deductible) if you’re involved in a collision with another car or an object (e.g. tree, guardrail or pothole).
• Comprehensive (Perils other than Collision or Upset in Quebec): Covers physical damage to your car caused by theft, vandalism, fire, falling objects, lightning, explosion and chipped windshields — or any other perils not caused by a collision or upset.
• Specific Perils: Covers only certain perils, including fire, theft, lightning and some natural disasters.
• All Perils: Combines Collision and Comprehensive coverage to make sure you have a back up plan no matter what happens.
• Damage to a Non-Owned Vehicle: Provides coverage in cases where you cause damage to a vehicle you do not own, such as a rental.
• Civil Liability (Quebec): Damage caused to a vehicle that the insured does not own.
• Loss of Use (Travel Expenses in Quebec): Reimburses you for alternative transportation (e.g. rental, taxi) if your vehicle is being repaired as a result of damage of theft.
• Waiver of Depreciation (Indemnity in Quebec): If your new car (less than 36 months old) is damaged as a result of an accident or vandalism, no depreciation will be applied.
• Drivewise® (Ontario and Alberta): Save up to 30% on your auto insurance when you install a small wireless device to track your daily driving habits.

Good driver? Enjoy savings of up to 30% with Drivewise™

Do you want to save more simply for exercising safe driving habits? Register for Allstate's free Drivewise™ program and we will send you a compact, quick-to-install device that records and assesses your routine driving habits. After tracking such good behaviours as driving at safe speeds, driving during safe hours and avoiding hard braking for a 6-month period, you could receive up to 30%** on your car insurance. Rest assured that Drivewise™ will not increase your premium, and there are no sign up or user fees. It's free, it's easy and it could save you more — so sign up today! You'll get 5%*** off just for enrolling, and an additional 5%*** discount if you download the Test Drivewise™ app.

The Allstate Corp. is selling Allstate Life Insurance Co. to entities managed by investment firm Blackstone for $2.8 billion.

Explaining the move from Allstate’s perspective, Allstate CEO Tom Wilson referred to a strategy to grow market share in personal lines property/casualty and the need to unlock deployable capital to support property/casualty insurance business.

That is the same strategy Wilson cited last July in announcing Allstate was acquiring auto insurer National General for $4 billion.

“Allstate is deploying capital out of lower growth and return businesses while continuing to execute our strategy to grow market share in personal property-liability and expand protection solutions for customers,” Wilson said in announcing the life insurance unit deal.

According to transaction details, the sale of ALIC does not include Allstate Life Insurance Company of New York. The New York company has $5 billion of GAAP reserves, and Allstate said it is pursuing alternatives to sell or otherwise transfer risk to a third party.

Not only will deployable capital increase as a result of the deal with Blackstone but also the sale gives “increased transparency to the industry-leading returns of our core protection businesses,” Wilson said.

Moving in the opposite direction, two other personal lines insurers, Progressive and InsurTech Lemonade, are pursuing strategies to move into the life insurance arena.

ALIC holds approximately 80 percent, or $23 billion, of Allstate’s life and annuity reserves. The life insurance company generated net income of $467 million in 2019 and a net loss of $23 million in the first nine months of 2020.

Gilles Dellaert, global head of Blackstone Insurance Solutions, said Blackstone is continuing to grow its insurance business. “We believe our team’s extensive experience in the insurance sector and world-class asset origination capabilities will deliver significant benefits to policyholders and investors over the long term,” Dellaert said.

All statutory earnings of the life insurance business being sold to Blackstone will be retained by Allstate from Mar. 31, 2020 through closing. The transaction will reduce Allstate’s GAAP reserves by $23 billion.

Blackstone will enter into an asset management agreement for ALIC’s $28 billion of investments.

The transaction is subject to regulatory approval with an expected closing in the second half of 2021.

J.P. Morgan Securities, Ardea Partners and Lazard acted as financial advisers and Willkie Farr & Gallagher was the legal adviser to Allstate. Morgan Stanley and Credit Suisse Securities acted as financial advisers and Debevoise & Plimpton was legal adviser to Blackstone.

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• Categories:National NewsTopics:2021 M&A, 2021 mergers & acquisitions, Allstate, allstate life insurance company, Blackstone Group, Business Moves & Mergers
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