‘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 .
“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.