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.

Yes, Allianz is a reputable company. Allianz, the parent company of Allianz Global Assistance, has a history that spans more than 100 years.

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.

Out of the four, the Comprehensive Travel Insurance offers the most significant coverage for a single overseas trip. The insurance is underwritten by Allianz Australia Insurance Limited, and has received a 4.1 star rating from 2986 reviews on Product Review.

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

Allianz Weaknesses

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

Details of the investigation

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.

Founded in 1896. “A+” (excellent) rating by Better Business Bureau (BBB) “A+” (superior) rating by AM Best. Strong financial stability.

The Standard & Poor's rating of AA (Very strong)

What is not covered by Allianz travel insurance? ›

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.)

Our Comprehensive Car Insurance customers rated their claim experience 4.4 out of 5 over the last year. See more about what our customers had to say.

For a full refund of your premium, you must cancel within 15 days of your plan purchase (depending on your state of residence) and must not have filed a claim or departed on your trip. Premiums are non-refundable after this period.

The parent company, Allianz SE, is headquartered in Munich, Germany. Allianz has more than 100 million customers worldwide and its services include property and casualty insurance, life and health insurance and asset management. In 2013, it was number 25 on the global Forbes 2000 list.

Claims made easy

At Allianz, we are committed in ensuring that your insurance claims is made easy every step of the way so you can continue focusing on what's truly important in your life.

For a full refund of your premium, you must cancel within 15 days of your plan purchase (depending on your state of residence) and must not have filed a claim or departed on your trip. Premiums are non-refundable after this period.