Why are Allianz policies so much cheaper than the others? (2024)

FAQs

Why are Allianz policies so much cheaper than the others? ›

Allianz policies are often significantly less expensive than other policies for trips longer than 30 days, because they have a different pricing structure than most providers. Length of trip is one of the determining factors of a policy's premium. In most cases, the longer the trip, the more expensive the policy.

We at the MarketWatch Guides team awarded Allianz Travel Insurance 4.1 out of 5 stars based on our provider review methodology. Named our pick for concierge services, Allianz offers 24/7 travel assistance through a multilingual team, which can help policyholders with travel and coverage issues while abroad.

We were voted Best motor insurance provider by our customers in the Insurance choice awards 2023. Thanks to everyone that voted - we're pleased as punch!

The “A+” rating assures prospective customers that Allianz is capable of offering guaranteed, secure coverage from a trustworthy and reputable carrier. Established in 1899, AM Best is one of the oldest rating companies in the world.

Our Comprehensive Car Insurance customers rated their claim experience 4.4 out of 5 over the last year.

Allianz Weaknesses

Heavily dependent on automobile market. Stiff competition with other major players.

We are ranked by Interbrand as the world's #1 insurance brand and the leading global insurance and asset management brand by Brand Finance Global 500. As one of the largest general insurers in the UK, we operate under a number of brands, including Allianz, Pet Plan, LV= and Britania Rescue.

In 2023, Allianz continued its rise up the Best Global Brands Ranking, coming in at #31 (+3), retaining its #1 insurer status for the fifth year running and recording a total brand value of 20.85 billion USD.

We offer you maximum peace of mind and security once you take out a trade credit insurance. As part of the Allianz Group, Allianz Trade is a financially stable and exceptionally reliable partner. Allianz Trade has an AA- rating from Standard & Poor´s. We put a dedicated team at your disposal.

Does Allianz pay claims? ›

Quick claim processing

Once we have all the information required, we can process and pay a claim within 48 hours.

Since 1890, the worldwide Allianz Group has been working hard to secure people's lives. As a wholly owned subsidiary of Allianz Group, Allianz Australia has been insuring customers for over 100 years. Our purpose is to give courage to you for what's ahead.

Company recognized by Ethisphere for the fifth year in a row for commitment to business integrity. MINNEAPOLIS – March 4, 2024 – Allianz Life Insurance Company of North America (Allianz Life) has been recognized as one of the 2024 World's Most Ethical Companies® by Ethisphere for the fifth year in a row.

Ferguson's investigation found that Allianz's policy of denying coverage for travel losses due to mental or nervous health disorders unfairly discriminated against people based on disability, which is a protected class under the Washington Law Against Discrimination.

The top 10 cheapest car insurance companies are Nationwide, Geico, State Farm, Travelers, Progressive, AAA, Allstate, Chubb, Farmers and USAA.

Claims due to known, foreseeable, or expected events, epidemics, government prohibitions, warnings, or travel advisories or fear of travel are generally not covered (coverage can vary by state.)

You'll receive your funds through the payment method you selected when you filed your claim. If for some reason the direct deposit or debit card payment fails to go through (this can happen if your account number is incorrect), you'll receive a check to the address we have on file for you.