Thread regarding Allstate Corp. layoffs

Allstate isn’t competitive in rates or pay

I work for a competitor and get a sick satisfaction when droves of customers keep coming to us because Allstate jacked their rates up.

We all knew the pay is a joke.

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| 1811 views | | 8 replies (last February 23, 2022) | Reply
Post ID: @OP+1fnS9sUZ

8 replies (most recent on top)

@2lkz+1fnS9sUZ The other insurance companies took pretty good rates prior to the pandemic so this really doesn't tell the entire story. It isn't uncommon when I quote rates to people that they end up getting a better rate from Allstate, pay is better at GEICO so I am happy about that but customers go in and out like a revolving door.

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Post ID: @4mgq+1fnS9sUZ

Have they had lower rates? The news and customers tell me different. :)

https://www.chicagobusiness.com/insurance/illinois-allstate-car-insurance-rates-increasing

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Post ID: @2lkz+1fnS9sUZ

Allstate has always been behind the curve. Historically waited to see what the competition was doing and then by the time they started moving in that direction, by the time they got there… they were late to the party and the industry had already moved in a different direction. With Transformative Growth, Allstate is finally getting ahead of the curve. Their cost cutting measures, although not popular with employees has paid off in lower rates to consumers.

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Post ID: @paf+1fnS9sUZ

My companies layoff board is super quiet actually 🦗

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Post ID: @pcg+1fnS9sUZ

Well I now work for a competitor and I am in sales, everyone's rates are going up and Allstate is one of the ones we have a hard time beating, especially when it comes to the customers with really good credit, no accidents and no homeowner claims. I actually just shifted my policies back to Allstate. I thought I never would but a not great claims experience with my own company (guy backed into my car in a parking lot) followed by a significant rate hike and I had to do what was best for me.

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Post ID: @hna+1fnS9sUZ

The disconnect is so funny.

How can we have competitive rates if we keep increasing expenses by paying more...

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Post ID: @dlg+1fnS9sUZ

A coworker left and got a 17k raise

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Post ID: @hff+1fnS9sUZ

Go to your companies layoff board

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Post ID: @goy+1fnS9sUZ

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