What Are Xactimate Estimates?

Posted on: 27 April 2023

Xactimate is a software program used by insurance adjusters to assess the cost of repairing or replacing damaged property. It was developed in 1989 by Allstate Insurance Company and has since been licensed to other companies, including State Farm and Farmers Insurance Group.

Xactimate allows adjusters to quickly estimate the cost of repairs based on information they have about the damage and its location. The software uses this data to create an estimate that can be submitted for approval before work begins on any repairs. 

Overview of Xactimate Features and Functions

Xactimate is a powerful program that can be used to create estimates for insurance claims. The software offers many features and functions, but it's important to understand how these contribute to producing accurate estimates.

The first step in learning how Xactimate works is understanding its capabilities. The program uses advanced algorithms to calculate costs based on data you enter into the system. The algorithms are designed specifically for each type of construction project, so they're tailored perfectly for your industry needs (for example, if you work with concrete or steel). They also account for any relevant variables that might affect the cost of materials such as weather conditions or labor availability at different times throughout the year.

You can use this information as part of your bid process by comparing it directly against competitors' bids before deciding which one best meets your needs while still being profitable enough

Benefits of Using Xactimate

There are many benefits to using Xactimate for your insurance estimates including the following:

  • Increased efficiency
  • Accuracy and consistency in the estimation process
  • Cost savings


Xactimate has been used successfully in the insurance industry for many years. The software is used by thousands of companies across the country and around the world, including large national carriers, regional insurers, and local agents.

Tips and Best Practices for Using Xactimate

There are many unique features that make Xactimate a great option for any insurance agent. Some of these include the following:

  • Customize templates
  • Import and export data
  • Use the sketch feature to get more accurate estimates
  • Add as many photos as you can


Xactimate is a great tool for insurance claims professionals, and now you know exactly how Xactimate works and how it can benefit your company's workflow. With Xactimate's advanced algorithm, customization options, and authority, you are sure to reap the benefits of the software and provide speedy, accurate estimates like never before. 

Contact a professional to learn more about Xactimate estimates.