Sunday, March 6, 2016

Allstate’s Safe Driving Bonus Check: Caveat Emptor?

Despite being around for almost 10 years now, should one read the proverbial “fine print” before availing themselves of Allstate’s Safe Driving Bonus Check? 

By: Ringo Bones 

When I first saw the Allstate Safe Driving Bonus Check advert back in 2007 and the related TV ad featuring The Unit’s Dennis Haysbert, it seems that Allstate’s scheme to drag more customers to avail themselves of their “novel” Car Insurance / Auto Insurance policy scheme seems too good to be true for giving you a bonus if you don’t have an accident claim for six months – and it really is by the time you read the fine print – it is not available in all states in the United States, especially in the state of California. But if the “positive aspects” of Allstate’s Safe Driving Bonus Check is available in your territory, is it a really beneficial bonus of one’s car insurance / auto insurance policy? 

The Safe Driving Bonus Check provides a credit to Allstate insured drivers that do not have a claim within a specified policy term for at least six months. The allotted credit is up to 5 percent of the policy insurance premium, applied to your renewal policy. For example, if you pay $500 for six months of car insurance, you are eligible to receive a $25 credit for your next six-month policy term. In other words, you would only have to pay $475 for your next six months with Allstate. This may seem to do wonders to your car insurance premiums, but as always, there are some minor catches. 

The minor catches are: In order to qualify for any of this, you must first be enrolled in Allstate Your Choice Auto program. Allstate Your Choice Auto requires you to have a clean driving record and good credit – i.e. insurance score. If you are eligible or already enrolled, the Safe Driving Bonus Check may not be available until your next policy renewal and additionally, any bonus under $5 will only be applied to your renewal premium. So if you don’t stay insured will Allstate, all bets are off. 

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