Well, looking at the charge label that says “ALLSTATE NBINDCO” on your credit card bill, might make sense to some of you because it has something to do with the Allstate insurance company. But, if you’re not sure why you’re the one seeing this charge, then just keep on reading to understand why this charge appears in the first place. Here we go.
What’s The Deal With ALLSTATE NBINDCO?
Have you ever paid for your Allstate insurance using a debit or credit card? Yes! Then, the transaction goes from Northbrook Indemnity Company, a part of Allstate. And NBINDCO on your statement means almost the same. It is a part of Allstate. Though the name may not be “Allstate” directly, it is the same dependable company to provide you with auto or home insurance. You got it. very simple when you learn about it, isn’t that so?
Why Does This Charge Show Up?
Usually, this charge was expected because of the payments automatically debited from your Allstate vehicle insurance policy. For example, you might forget that your credit card is charged on a monthly or quarterly schedule completely without your involvement. Another scenario is that the rental company might use the same platform to charge the insurance fee if you were the driver and the insurance coverage was from your Allstate policy. In that case, the charge is simply an additional Allstate payment.
How Much Should You Expect To Pay?
The number written alongside “ALLSTATE NBINDCO” reflects the kind of policy that you buy. For example, if you have a basic liability plan, you will have to pay anything between twenty and sixty dollars a month. However, when you choose to pay semi-annually, you will be required to pay more, the payment might be in the range of four or five hundred dollars. When you get rental-car insurance, you only pay once and that is perhaps about two hundred dollars. You can just refer to your policy or payment chart to know what is likely to be the case.
What Are People Saying About It?
Usually, one group of individuals is met with the statement “NBINDCO” and they often misunderstand it for a mistake, as generally, it is not something they are accustomed to. If they remember the case when they got a text message or email from their bank about the direct debit, the charge is easily identified, but still, people might have some questions. On the other side of the scale, many people share their experience of first thinking it was fraudulent, and then after discussing their finances, found out that they didn’t view it that way. It would be better for you to be prepared for this charge, so you will not be stressed out without any grounds.
How To Check If The Charge Is Legit?
At first, open your Allstate account through the official website and go over your billing or payment history. Compare the date and the sum on your statement with the data on the website. In case you have more doubts, it’s ok, just ring Allstate’s customer support or conversely, your agent. These persons will check and reveal to you the exact purchase that has been the charge you are in doubt about.
