The Anfield youngster says the Uruguayan is an inspiration to the squad after he scored a hat trick during his side's 4-0 romp at Wigan on Saturday to top the league's goal charts
The 26-year-old forward is now two strikes ahead of Manchester United's Robin van Persie with 21 league goals in an outstanding personal campaign, despite the fact that Brendan Rodgers' seventh-placed side has struggled to find consistency this season.
Former Swansea player Allen has heaped praise on Suarez, revealing that the Liverpool squad looks to him for inspiration. Allen even thinks the controversial forward could win the PFA Players' Player of the Year award.
"There is not much more you can say about [Suarez] - he is world class and his hat-trick speaks for itself," Allen told the club's official website. "His relationship not only with the players he plays with, but also the fans, doesn't really happen that often. He really is a hero and an idol for everyone. The way he is performing for this club, he deserves to be.
"With Luis, you know he is going to conjure something up at any given moment in a game. To have that in your team is enormous. He's always hungry for the ball and to get more goals - you can't really ask for much more."
Despite courting controversy in the past with an eight-game ban for racially abusing Patrice Evra and facing continuous accusations of diving, Allen feels Suarez would be a worthy winner of a PFA award given his stunning season.
"Obviously we're biased as Liverpool players and we're going to want to see him win it, but we'll have to wait and see what unfolds," Allen said.
Liverpool's chances of qualifying for European competition next season are slim, but Allen feels that with more performances like the one at the DW Stadium, the club can build confidence for the future.
"It was a fantastic day for us - we were clinical and with a clean sheet as well, you can't really ask for much more," Allen said. "It's definitely up there with our best performances this season, especially when you consider it was away from home as well.
"It bodes well for the future. When you score four goals, you can focus on the way we attacked, but I think the way we defended shows that side of our game is really solid at the moment."