Allianz car insurance review October 2018 | finder.com

Allianz car insurance review October 2018

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Insure your classic car or fleet of business vehicles with a leading global financial group.

Founded in 1890, Allianz has a history of providing insurance and financial services to customers across the globe. Today, the company is one of the largest financial services groups in the world. In recent years, Allianz has shifted its focus away from car insurance, although it does offer some auto policies. Learn more about the car insurance options available through Allianz and see if this company could be right for your needs.

Description Allianz car insurance is geared toward owners of classic or luxury cars, or for business owners with multiple cars to insure.
States served All 50 states
Roadside assistance Optional
Pay schedule custom
Claims methods online, email
New car protection No

Pros

  • Specialized insurance plans
  • Strong history in financial services
  • Integrated travel insurance options

Cons

  • Limited customer base
  • Complaints of poor customer service
Defensive driving discount Yes
Good student discount Yes
Loyalty discount Yes
Homeowner discount No
Military discount No
Safety device discount Yes
Special employment discount No
Usage-based discount No
Other discounts No

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Who is Allianz insurance best for?

Allianz car insurance is best for travelers, businesses and owners of luxury and classic cars. In the past few years, Allianz has downsized the number of auto insurance policies it holds, selling some of its luxury car policies to Chubb, another insurance company known for insuring high-end vehicles. However, Allianz does still write some auto insurance policies.

What is Allianz?

Allianz was founded in Berlin, Germany in 1890 as a financial services group providing marine and accident insurance policies to residents of Germany. Just three years later, the company opened its first international office in London, where it offered insurance to Germans traveling or living abroad.

Since then, the company has expanded throughout the world and now offers fire, home, auto, life and liability insurance to customers around the world.

What car insurance coverage does Allianz offer?

Allianz now primarily insures luxury or classic cars and fleets of business vehicles, providing plenty of coverage options for these niche drivers.

  • Bodily injury liability. Required in most states, covers medical and funeral expenses for an accident you’re legally responsible for.
  • Property damage liability. Covers the costs of property damages, including vehicles, that you’re legally responsible for — required in most states.
  • Collision. If your car is damaged in an accident, collision coverage pays for the cost of repairs. If you have a car loan, your bank probably requires this coverage.
  • Comprehensive. Coverage for anything other than collision damage, such as theft, fire or vandalism. Some banks may require comprehensive coverage if you’re making car loan payments.
  • Travel insurance coverage. This add-on coverage keeps you covered while traveling abroad.
  • Agreed value coverage. If you have a classic car that’s worth more to a collector than its value, you and your agent can agree upon its insurance value and create your policy.

Allianz car insurance rates

As with any insurance company, your car insurance rate with Allianz varies based on your insurance score, which looks at factors like your credit score, accident history and make and model of the vehicle you want to insure. Because Allianz focuses on insuring luxury vehicles and classic cars, expect to pay higher rates with this company.

What discounts can I get with Allianz?

Since Allianz caters toward a specific group of policyholders, it may not offer the same discounts as many other insurance companies, such as safe driver and student discounts. However, you could get a discounted rate if you bundle your auto insurance with Allianz home or life insurance policies. Contact a US Allianz insurance agent directly by calling 800-227-1700 to find out if you’re eligible for any discounts.

Does Allianz offer any special programs?

Yes, Allianz offers specialized car insurance programs for motorcycles, luxury vehicles, classic and collectible cars and business fleets. Allianz also specializes in car insurance for overseas travelers who plan to drive or rent a car abroad.

What’s not covered by Allianz?

Allianz specializes in car insurance for luxury and classic cars, so you might not be able to get an insurance policy through this company for your midrange daily driver. Even for some luxury cars, Allianz may turn your insurance application over to Chubb. Make sure you understand the terms and details of your policy before making a final decision about the best option for your needs.

Pros and cons of Allianz insurance

  • Specialized insurance plans. Allianz offers special insurance coverage options for luxury and classic cars that other companies might offer.
  • Worldwide experience. Allianz has a long history of providing financial services to customers around the world.
  • Travel insurance options. Stay covered when you travel abroad.
  • Limited customer base. Allianz only offers car insurance to select drivers of luxury or classic cars or business owners with large fleets.
  • Poor online reviews. Despite its A+ rating with the BBB, Allianz has lots of negative online reviews.

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What do customers say about Allianz?

Allianz is an accredited business with the Better Business Bureau (BBB) and holds an A+ rating. However, as of July 2018, 95 out of its 111 comments are negative. Some of the top complaints about Allianz insurance have to do with poor customer service, slow claims service and hassles and issues when filing a claim. On the other hand, many Allianz customers have been very happy with their travel insurance options.

When reading online reviews, consider that many customers won’t leave a review unless they had an exceptionally poor experience.

How to apply for Allianz insurance coverage

Contact a US-based Allianz insurance agent to apply for insurance coverage or find an agent near you.

  • Call 800-227-1700
  • Email AGCSCommunication@agcs.allianz.com

What info do I need to apply?

Usually, you’ll need to have the following information ready.

  • Contact information, such as your name and address
  • Your car’s VIN or the make, model and trim of the car you’d like to insure
  • Information for any drivers you’d like to add to your policy

How to make a claim with Allianz

To file a car insurance claim with Allianz, log into your account through its online portal or get in touch with Terry Campbell, the US claims team leader:

  • Call 646-472-1481
  • Email terry.campbell@allianz.com

Have the following information on hand when filing your claim.

  • Your policy number
  • The date, time and location of the accident or incident
  • The names, addresses and telephone numbers of registered owners, injured people, occupants of other cars and witnesses
  • Description and license numbers of the other cars involved
  • Photos taken after the accident or incident
  • Police report number, if applicable

Does Allianz offer other types of insurance?

Yes, in addition to traditional auto insurance, Allianz offers US customers:

  • Business insurance, including coverage for clients in the energy, entertainment, aviation, marine, aerospace and engineering industries
  • Life insurance
  • Travel insurance
  • Investment services

What are some alternatives to Allianz car insurance?

If you have an expensive luxury car, you might consider going directly through Chubb if Allianz doesn’t seem like the best fit for you. If you drive a midrange vehicle that’s not considered a collectible, consider options like Geico, Allstate or Nationwide, which provide more affordable coverage options for non-luxury vehicles.

Compare car insurance companies like Allianz

Name Product Roadside assistance New car protection Available states
Allstate
Included free
Yes, cars under 2 years old
All 50 states
Enjoy having your own dedicated agent to help you get the best discounts and coverage.
Liberty Mutual
Included free
Yes, cars under 1 year old & 15,000 miles
All 50 states
Car insurance through Liberty Mutual will give coverage options for almost any situation.
Root
Included free
No
AZ, AR, DE, IL, IN, IA, KY, LA, MD, MI, MS, MT, NM, ND, OH, OK, OR, PA, TX, UT
Root offers simple, affordable insurance that’s ideal for good drivers. Try the Root app for 2 weeks and see how much you could save. Available in 20 states.
Esurance
Optional
Yes, cars under 1 year old & 15,000 miles
All states except AK, DE, HI, MT, NH, VT, WY
Esurance offers a modern online and mobile experience that helps you take your insurance on the go. Available in 42 states.
Metromile
Optional
Yes, cars under 1 year old & 15,000 miles
CA, IL, NJ, OR, PA, VA, WA
Drive less than 30 miles a day? Save on the coverage you need with pay-per-mile insurance from Metromile. Get a low monthly rate then pay just a few cents per mile. Available in CA, IL, NJ, OR, PA, VA and WA.
USAA
Included free
No
All 50 states
USAA offers affordable car insurance with highly rated customer service to millions of military members and their families. Only available to military members, veterans and affiliated military members.

Compare up to 4 providers

Bottom line

Allianz offers auto insurance for a select group of drivers and vehicles, but it could be a good option if you have an expensive car you’d like to insure that other companies won’t touch. However, some customers have reported problems with poor customer service and a difficult claims process.

If Allianz doesn’t seem like the right fit for you, compare other car insurance companies to find the best option for your needs.

Find the cheapest rates

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Frequently asked questions

Gabrielle Pastorek

Gabrielle Pastorek writes about fashion, beauty and finance. Gabrielle loves helping people find a great deal, whether it's in their shopping cart or on a credit card. In her free time, she exercises her creative muscles by writing short stories.

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