Allianz awarded ‘Money magazine’s’ Best Value Home and Contents Insurance

3 December 2020

‘Money magazine’ announced today that Allianz Australia has won Best Value Home and Contents Insurance in its annual Best of the Best Awards, which recognises the best financial product and service providers in Australia.

The award recognises Allianz Australia’s efforts to ensure our customers feel understood, supported and protected at all times.

Commenting on the award, James Fitzpatrick, Allianz Australia’s Chief Technical Officer, said: “We recognise 2020 has been a tremendously hard year for so many Australians. From the devastating impact of the bushfires at the start of the year, through to the COVID-19 lockdown and now heading into increased chance of storms, flooding and cyclones due to La Niña, we are there for our customers when they need us most.

"Over the coming years, extreme weather brought on by climate change will continue to affect Australia and the rest of the world. In addition to finding ways to reduce the impact of wild weather conditions, it is important that Australians continue to have access to affordable and adequate insurance so they can feel secure. Which is why we are proud to be recognised by Money magazine’s Best of the Best Awards for Australia’s best value home and contents insurance.

“For over 100 years, Allianz has been helping to protect the things Australians love and we are committed to continuing to make our customers feel understood, supported and protected so they can better plan for the future."

The Best Value Home and Contents Insurance award is based on premiums sourced from insurer websites in August 2020. Insurers were scored on the average price ranking of home and contents insurance for a 30-year-old free standing house in the median suburb ($500,000 replacement), top quartile suburb ($1 million replacement) and bottom quartile suburb ($300,000 replacement) in Sydney, Melbourne and Brisbane. Contents was valued at $200,000 with no special items. Judges assessed basic policy options with standard excess.

Money is Australia’s longest running, highest selling and most-read personal finance magazine. The purpose of the awards is to make Australian consumers aware of the products that allow them to earn more, save more and make the most of their investments.

For any media enquiries, journalists can contact our Media team.
Allianz Australia delivers a wide range of personal, commercial and corporate insurance products and services to more than 4 million policyholders. It also provides support for workers compensation insurance to around 25% of the top 200 ASX companies, making it one of the leading workers compensation insurers in Australia.

The Allianz Group is one of the world’s leading insurers and asset managers with 126 million* private and corporate customers in more than 70 countries. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance. Allianz is one of the world’s largest investors, managing around 802 billion euros on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage 1.9 trillion euros of third-party assets. Thanks to our systematic integration of ecological, social and governance criteria in our business processes and investment decisions, we hold the leading position for insurers in the Dow Jones Sustainability Index, launched on 12.11.2021. In 2020, over 150,000 employees achieved total revenues of 140 billion euros and an operating profit of 10.8 billion euros for the group. These assessments are, as always, subject to the disclaimer provided below.

*Including non-consolidated entities with Allianz customers.

This article has been prepared by Allianz Australia Insurance Limited ABN 15 000 122 850 AFSL234708 (“Allianz”). In some cases, information has been provided to us by third parties and while that information is believed to be accurate and reliable, its accuracy is not guaranteed in any way.

Any opinions expressed constitute our views at the time of issue and are subject to change. Neither Allianz, nor its employees or directors give any warranty of accuracy or accept responsibility for any loss or liability incurred by you in respect of any error, omission or misrepresentation in this article.
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