Allstate vs Country Financial – Difference and Comparison

What is Allstate?

Allstate is a firm that specializes in insurance. Thomas J Wilson is the current CEO of Allstate. Its headquarter is located in Northbrook. It is one of the most dependable insurance firms. In the 2020 Fortune 500 ranking of the largest corporations in the United States, Allstate was ranked 70th. Allstate‘s slogan is “You are in excellent hands with Allstate.” They provide a variety of insurances, including life, vehicle, home, and other types.

Allstate also has discounts available. They even have mobile apps that users can use to manage their accounts from their smartphones. They also have a large number of coverage areas. Despite its high cost, Allstate has a high level of client satisfaction.

Allstate is also more open. They have almost 113 million private insurance plans. However, compared to the country’s finances, they have fewer agents. It received an A+ in AM‘s best rating. They own and operate 18 US, Indian, and Canadian enterprises. Allstate also uses new techniques to deliver individualized service to its customers.

What is Country Financial?

In 1925, Country Financial was established. It is a corporation that provides insurance and financial services. They are available in 19 states. However, their coverage is limited. Country Financial offers a broader range of insurance options. Country Financial is far less expensive than other businesses, but they do not provide the same savings as Allstate. They’re also not transparent.

Bloomington, US, is the headquarters of Country Financial. Country Financial offers a variety of insurance products, including agricultural, business, crop, and many others. They, too, have a mobile app available to their clients. They aren’t transparent because they are more private. Customers give them a lower rating. They received an A+ AM rating. It is included in the Fortune 1000 annual list. They have a workforce of 3000 people. They provide annuities and have a solid financial foundation.

Country Financial has the disadvantage of not being a BBB-accredited company. Furthermore, coverage is not provided in every state. Country Financial offers discounts for occupations, multiple cars, multiple policies, and good students.

Difference Between Allstate and Country Financial

  1. Allstate offers fewer insurance products, but Country Financial offers a wide range of insurance options, including business, agricultural, and crop insurance.
  2. Allstate has its headquarters at Northbrook. Meanwhile, Country Financial has its headquarters at Bloomington, US.
  3. Allstate was founded in 1931, whereas Country Financial was founded in 1925.
  4. Allstate offers a wider coverage range and locations in the United States, India, and Canada. On the other hand, Country Financial has a limited coverage area and is only available in 19 states.
  5. Allstate’s CEO is Thomas J Wilson, whereas Country Financial’s CEO is Jim Jacobs.

Comparison Between Allstate and Country Financial

Parameters of ComparisonAllstateCountry Financial
YearIn 1931, Allstate was established.Country Financial was founded in 1925.
CEOThomas J Wilson is Allstate’s current CEO.The current CEO of Country Financial is Jim Jacobs.
HeadquartersThe headquarters of Allstate is at Northbrook.The headquarters of Country Financial is in Bloomington, US.
Fortune rankingIn the 2020 Fortune 500 ranking of the largest corporations in the United States, Allstate was ranked 70th.Country Financial ranked annually in Fortune 1000 list.
Coverage areasAllstate has a more extensive coverage area.Country Financial offers a smaller coverage area, with only 19 states covered.

References

  1. https://heinonline.org/hol-cgi-bin/get_pdf.cgi?handle=hein.journals/mercer70&section=21
  2. https://search.proquest.com/openview/c9f8b085894ca4fa056d4de8e7d83313/1?pq-origsite=gscholar&cbl=41493