Allianz car insurance review

With a higher-than-average price but no particularly impressive benefits, Allianz was outperformed by many other car insurers in the 2024 Finder Insurance Awards.

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Key takeaways

  • All authorised repairs include a guarantee on materials and workmanship for as long as the vehicle is owned or leased.
  • Comprehensive policies provide specialised coverage for electric and hybrid vehicle batteries and charging equipment.
  • Premiums can be paid in monthly or annual instalments for the same total yearly cost.

Pros

  • Your policy covers any fully-licensed driver, so you can lend your car to a friend knowing they'll be covered if anything happens.
  • You can pay monthly at no extra cost.
  • Electric vehicles are covered, including your battery, charging cables and wall charger.

Cons

  • No choice of repairer for Comprehensive Essentials product.
  • Up to $1,000 worth of personal effects are covered, but many other providers offer more than this.

Compare Allianz's policies

Finder Score Accidental damage Roadside assistance Fire and theft New Vehicle Replacement Hire car after theft
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Standalone
  • If your car is written off in the first 2 years
  • Up to $80 per day - Up to 30 days
  • Finder’s summary: Allianz is good if you want agreed value (this lets you agree on an amount to cover your car for. For a big insurer, it also has a strong customer service record.

    Who it might be good for: Anyone who wants good customer service and agreed value cover.
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    Standalone
  • Finder’s summary: Allianz Comprehensive Essentials is a straightforward policy covering the just basics.

    Who it might be good for: This policy is ideal for drivers looking for a small but might policy.
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    Standalone
  • Summary: Allianz has a strong customer service record and lets anyone you give permission to drive your car – some policies don’t offer this benefit.

    Who it might be good for: Anyone who wants good customer service.
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    Finder Score for car insurance

    We analyse over 30 car insurance products across insurance providers, and rate each one for price and features. We collect up to 36 quotes per product, for male and female drivers in New South Wales, Victoria, Queensland, South Australia, Tasmania and Western Australia. Quotes are collected for 20 year olds, 30 year olds and 60 year olds, assuming an excess of $850 for a 2020 Toyota Corolla 4 door sedan model, with an average 15,000 kms driven each year. While we are not allowed to display actual quotes, our Finder Score aims to serve as an indicative guide to how cost and feature competitive a product might be for you.

    Our feature score assesses each product for more than 15 features across loss and damage coverage, repairs and assistance coverage, personal items coverage and policy coverage. Features we assess include but are not limited to legal liability, essential repairs, new car replacement, car hire events, roadside assistance, agreed or market value, windscreen damage and natural disaster coverage.

    Read the full methodology

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    Why choose Allianz car insurance?

    Allianz car insurance includes the following features and policy options:

    • New car replacement. If your car is written off in the first 2 years of its original registration, it will be replaced with a new vehicle of the same make and model.
    • Rental car following theft. If your vehicle is stolen, Allianz covers the cost of a rental car for Up to $80 per day - Up to 30 days.
    • Electric and Hybrid vehicle cover. Specialist coverage is available for EV and hybrid components, including dedicated insurance for batteries, charging cables, and wall mounts.
    • Flexible excess options. Policyholders can choose to increase their basic excess to reduce the overall cost of their premium.
    • Monthly payments at no extra cost. Premiums can be paid in monthly instalments for the same total annual cost as a single upfront payment.
    • Choice of value types. For comprehensive policies, owners can choose between "Agreed Value" to fix a payout amount or "Market Value" to cover the vehicle's current worth.
    • 24/7 claims assistance. Claims can be lodged and tracked through an online portal or via telephone at any time.

    How much does Allianz car insurance cost?

    To help give you an idea about Allianz car insurance costs, we gathered annual quotes across their various policy types. Just remember, prices are going to change based on things like your vehicle make, model and year, where the car is parked, driver's age, claim history and your address, so it's always worth comparing policies and getting a few quotes.

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    Comprehensive annual quote Third party fire & theft annual quote Third party property damage annual quote
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    $2,315.90
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    $1,801.98
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    $728.99
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    What's isn't covered?

    Under Allianz car insurance, you are not covered for any loss, damage, or liability caused by or connected to the following:

    • Unlicensed driving
    • Driving under the influence
    • Unregistered or unroadworthy vehicles
    • Usage exclusions
    • Motor sports and trials
    • Intentional or malicious acts
    • Safeguarding the car
    • Consequential loss
    • Tyre damage
    • Mechanical or electrical failure
    • Computer and technology failure
    • Pollutants and contaminants
    • War, terrorism, and nuclear risks
    • Lawful seizure
    • Incidents outside Australia

    How to lodge a claim online

    Allianz car insurance claims can be lodged 24/7 via the online portal.

    1. Secure the scene. Ensure all parties are safe and contact emergency services if there are injuries or safety hazards.
    2. Exchange details. Collect names, contact numbers, driver's licence numbers, and registration details from any other drivers involved.
    3. Record evidence. Note the date, time, and location. Take photos of the damage and collect contact details from any witnesses.
    4. Report theft. Contact the police for incidents involving theft or malicious damage and obtain a report number.
    5. Submit online. Access the Allianz online claims tool using your policy number and personal details. No repair quotes are required at this stage.
    6. Assessment. A claims consultant will contact you within approximately two business days to provide a claim number and discuss the repair process.

    FAQs

    Sources

    Nicola Middlemiss's headshot
    Journalist

    Nicola Middlemiss is a journalist with nearly a decade of experience in personal finance and insurance. She has contributed to Domain, Yahoo Finance, Money Magazine and Insurance Business Australia, offering in-depth insights into commercial insurance in the Australian market. Nicola holds a Bachelor’s degree in English from the University of Leeds and a Tier 1 General Insurance (General Advice) certification, which complies with ASIC standards. See full bio

    Nicola's expertise
    Nicola has written 246 Finder guides across topics including:
    • Personal finance
    • Personal insurance, including car, health, home, life, pet and travel insurance
    • Commercial business insurance

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    16 Responses

      Default Gravatar
      LisaSeptember 30, 2017

      If I hit kangaroo in friends car but due to being on pension can’t afford gap straight away, how long do I have to put claim in through allianz ?

        Default Gravatar
        LiezlSeptember 30, 2017

        Hi Lisa,

        Thanks for reaching out.

        Generally, the insurer’s claims team will advise the policy owner when they will need to pay an excess which could be upfront or as a deduction from the claims settlement. I suggest you request the policy owner contact Allianz directly to enquire about the claims process and excess payment.

        Cheers,
        Liezl

      Default Gravatar
      HolgerJune 7, 2017

      Hi there!

      With Allianz car insurance, am I only covered in Australia or anywhere? I am thinking of a road trip all the way to Germany.

        Default Gravatar
        JonathanJune 7, 2017

        Hi Holger!

        Thanks for the comment.

        Allianz Car Insurance cover options such as Comprehensive International Single/Duo, Multi-Trip Single and Basic Single/Duo include overseas emergency medical assistance and emergency medical and hospital expenses.

        You may contact them directly to know more or read their Product Disclosure Statement located on their website.

        Hope this helps.

        Cheers,
        Jonathan

      Default Gravatar
      BarryJanuary 6, 2017

      As a non resident with 9 years plus NCB from U.K., awaiting permanent residence visa is it possible to get fully comprehensive insurance

        Richard Laycock's headshotFinder
        RichardJanuary 9, 2017Finder

        Hi Barry,

        Thanks for getting in touch. Unfortunately, overseas visitors and non-residents are not eligible for comprehensive cover and are only able to get third party options such as CTP.

        Cheers,
        Richard

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