Allianz car insurance 2025 detailed analysis

Founded in Munich in 1890, Allianz is one of the world's largest financial services groups, operating in 78 countries and regions worldwide. The company provides global protection services in areas such as international medical and lifestyle insurance, auto insurance, roadside assistance, and travel insurance.

In the Hong Kong auto insurance market, Allianz frequently offers auto insurance discounts and also collaborates with car body and glass repair shops to provide customers with car repair discounts.

Allianz Third-Party Insurance Plan covers death or bodily injury to a third party caused by an accident, as well as damage to other people's property, but does not include damage to the insured's own vehicle or medical expenses. In addition, Allianz provides 24-hour emergency roadside assistance and free towing services, up to HK$2,000.

In addition to third-party liability insurance, Allianz's comprehensive insurance service also provides compensation for personal accidents and the insured's own vehicle. It also includes windshield and window coverage without deducting NCD and without paying "deductible"*. In addition, it provides coverage for temporary replacement vehicles, new-for-old insurance, and zero-depreciation repairs, making the overall protection quite comprehensive.

Allianz Comprehensive Insurance No-Claims Discount (NCD)

It's worth noting that Allianz's no-claims discount coverage can reach up to HK$100,000 per year. As long as the policyholder's no-claims level is 50% or 60%, and the total claims amount within a year is less than HK$100,000, the original NCD can be retained upon renewal, which is almost double the HK$50,000 to HK$60,000 offered by other insurance companies.

Example 1: Seven-seater gasoline car

For example, a 35-year-old driver with a 6-year driving history, 60% NCD, and a 2023 Toyota Sienta (insured amount of HK$250,000).

Comprehensive auto insurance

Third-party insurance for automobiles

Advantages

• Allianz's Third Party Insurance Plan provides policyholders with 24-hour free towing and emergency roadside assistance, which may not be covered by other Triple Protection Plans on the market.
• Allianz Comprehensive Insurance offers policyholders up to HK$100,000 in no-claims coverage, while most insurance plans on the market typically only offer HK$50,000 to HK$60,000.
• Allianz's comprehensive insurance policy offers all-around coverage, including personal accident medical expenses, windshield and window coverage, as well as replacement vehicle coverage, trade-in coverage, and zero-depreciation parts repair.
• It comes with a dedicated electric vehicle insurance policy, fully covering the cost of internal electric and electronic components and the replacement of a private electric vehicle charger (HKD 5,000).

shortcomings

• Allianz's third-party insurance plan is relatively traditional, primarily covering third-party personal injury and property damage. Its coverage for the insured's own vehicle is very limited; for example, it does not include additional coverage for the insured's own vehicle's windshield.
• Allianz's third-party insurance for electric vehicles is significantly more expensive.

Allianz’s official website provides car insurance with quick quotes. Insurance can be purchased directly online, and the insured can also submit Insurance claims directly on the website. The webpage also provides various Insurance product information, Latest insurance offers and discounts, and Various practical insurance knowledge.

Apart from Comprehensive auto insurance and third-party liability insurance, Allianz also provides electric vehicles and HZMB car insurance. There are also Home insurance, Travel insurance, and life insurance plans available for purchase.