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.

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.

Allianz is a popular choice among business travelers due to its AllTrips Executive travel insurance policy with coverage for lost, stolen or damaged business equipment and rental car insurance. Earning 4.1 out of 5 stars, our expert reviewers think Allianz is a great choice for international travel insurance.

Allianz Insurance has an 'Excellent' Trustpilot rating of 4.5 out of five, based on more than 17,100 reviews.

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.)

Allianz Weaknesses

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

Our elite team of travel and medical experts can arrange medical treatment in an emergency, monitor your care, serve as interpreters, help you replace lost passports and so much more. Sometimes, they even save travelers' lives.

Since 1890, all around the globe, we have been working hard to secure people's lives and to prepare our customers for everything life has to offer. 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.

Where does Allianz rank? ›

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.

Quick claim processing

Once we have all the information required, we can process and pay a claim within 48 hours. However, we can only do this if you have told us your diagnosis, so please make sure you include this with your claim. Otherwise, we will need to request the details from you or your doctor.

AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa” (Superior) of Allianz SE (Allianz) (Germany) and its rated subsidiaries.

Allianz Travel can be a solid choice if you're looking to purchase travel insurance.

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.

Yes! Generally speaking, a pre-existing condition is any illness or injury present within the 120 days prior to buying your plan (including your plan purchase date.) To be eligible for pre-existing condition coverage, you must: Be a U.S. resident.

Depending on the incident and type of cover you have, we may organise to repair or replace your car, or pay out your claim. We finalise your claim, to help keep you moving.

Fitch Ratings - Frankfurt am Main - 23 Jun 2023: Fitch Ratings has affirmed Germany-based Allianz SE's Insurer Financial Strength (IFS) Rating at 'AA' (Very Strong) and Long-Term Issuer Default Rating (IDR) at 'AA-'. At the same time, the agency has affirmed Allianz's main subsidiaries' IFS Ratings at 'AA'.

Allianz is a financially secure company with high customer satisfaction ratings for its annuities. Allianz has the longevity common among top annuity companies, having started in 1896. It specializes in fixed index annuities and has an impressive selection of these products.