In Round One of Allstate vs. Root, I’m going to break down what my current Allstate bill is, what I think I will pay if I get cash back for using Allstate’s Drivewise program, and what I estimate my Root bill will be if I get a quote. My Current Allstate Bill: $164.23 per MonthI presently pay over $164/ mo for comprehensive coverage on my 2006 Chevy Uplander. This includes a Premier Plus discount for being accident-free for more than five years. My policy says I get a homeowner discount, but it’s not itemized, so I don’t think I’m actually receiving it. The total cost for six months is $1282.89, minus a $321.04 Premier Plus discount, so it’s $961.85 after. My current bill due is $164.23 for this month. Estimated Allstate Bill with Drivewise: $125.74 per MonthDrivewise will knock 3% off my bill just for using it, so that’s $38.49 over six months or $6.42 monthly. If I qualify for the full 15% discount for good driving, that’s $192.43 over six months or $32.07 monthly cash back, but they only give it back at the end of six months. In any case, I’m tabulating it as if it was part of a monthly discount even though it’s really not, meaning Drivewise could save me as much as $38.49 per month, bringing my bill to $125.74. Estimated Car Insurance Bill with Root: $60-80I’ve been scouring the net and haven’t found many people who actually say what their Root quote was. That said, most who do place their new bills between $60-80 each month for comprehensive coverage. I don’t yet know if it’s the exact same coverage, nor have I been offered a quote by Root yet, but it seriously looks like I could cut my bill by $100 per month over what I pay now, and about $45 less over the best Allstate could give me. Follow My Root Car Insurance Journey or Share Your StoryAs I write this, I’m still in the beginning stages of my Root test drive. I don’t know how it will turn out or whether I’ll even get a quote. However, I’ll keep sharing as I go.
I’m also glad to share your story too. If you’ve had an experience with Root, Allstate, or a similar product, click “Share Your Story” in the main menu and we just might feature it as a guest post.
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