Among the things that caused the American Association for Justice (AAJ) to rate Allstate number one on their list of the 10 worst insurance companies of all time in 2008 was their tendency to raise premiums unexpectedly and without warning. Of those consumers surveyed on freeadvice.com, 48 percent were "very unsatisfied" and 12 percent were "unsatisfied" with their experience with the company.

On the Other: Some Say the Rates are Competitive

Insurance rates vary widely, not only from company to company but also based on what type of coverage is being purchased, the age and health of the people being covered, geographic and income factors and from day to day as well. The only way to find out which company is cheapest for you at this time would be to type in your personal details and get a quote from an insurance company or broker. However, a user with Allstate Life Insurance has logged a comment at insiderpages.com stating that they have "competitive rates."

Bottom Line

Allstate is not likely to be the cheapest life insurance out there, and, according to reviews from former clients as well as the AAJ, the company is likely to raise your rates. However, the only way to be sure which company is cheapest at any given time is to comparison shop by seeking quotes. Also, as FinancialWeb explains, a cheaper premium does not necessarily mean a lower cost, considering that different companies and plans will have different methods of calculating the payouts and deducting the fees in the event of death.

Source:

Law.Free Advice: Insurers Bad Faith

American Association for Justice: Allstate Ranks as Worst Insurer for Consumers

Allstate.com: Life Insurance

More Information:

MSN Money: Suddenly, Life Insurance is Cheap

Financial Web: Comparing Life Insurance Policy Costs