Allianz welcomes results of latest CANNEX Car Insurance Star Ratings

Allianz welcomes results of latest CANNEX Car Insurance Star Ratings

Sydney, 4 December 2008

Allianz has been awarded State Awards in three States in the latest CANNEX Car Insurance Star Ratings survey for delivering the best value car insurance in the highly competitive motor vehicle insurance market. Allianz has also achieved leading results across a broad range of driver profiles in all States.

Nicholas Scofield, General Manager Corporate Affairs, said, “Allianz is pleased to have been awarded a CANNEX State Award for Western Australia, South Australia and Tasmania for delivering the best value car insurance in those States. In all States, Allianz scored highly across a broad range of profiles for drivers of different ages and genders.”

“Overall, the results are an acknowledgement of the concerted effort that everyone at Allianz puts in to bringing to the market insurance products that are innovative and competitively priced, have high quality features and benefits, and which are backed up by excellent customer service at claim time, when it matters most”, he said.

Allianz’s results include:

Western Australia

5 Star Rating - Executive Car Drivers over 30 years of age
5 Star Rating - Mature Drivers over 60 years of age

4 Star Rating - Drivers 30-59 years of age
4 Star Rating - Low Kilometre Driver
4 Star Rating - Female Drivers 25-29 years of age
4 Star Rating - Male Drivers 25-29 years of age

South Australia

5 Star Rating - Executive Car Drivers over 30 years of age
5 Star Rating - Mature Drivers over 60 years of age

4 Star Rating - Drivers 30-59 years of age
4 Star Rating - Low Kilometre Driver
4 Star Rating - Female Drivers 25-29 years of age
4 Star Rating - Male Drivers 25-29 years of age

Tasmania

4 Star Rating - Mature Drivers over 60 years of age
4 Star Rating - Executive Car Drivers over 30 years of age
4 Star Rating - Drivers 30-59 years of age
4 Star Rating - Low Kilometre Driver
4 Star Rating - Female Drivers 25-29 years of age
4 Star Rating - Male Drivers 25-29 years of age

Victoria

4 Star Rating - Executive Car Drivers over 30 years of age
4 Star Rating - Mature Drivers over 60 years of age
4 Star Rating - Female Drivers 25-29 years of age
4 Star Rating - Male Drivers 25-29 years of age

New South Wales

4 Star Rating - Executive Car Drivers over 30 years of age
4 Star Rating - Mature Drivers over 60 years of age
4 Star Rating - Male Drivers 25-29 years of age

Queensland

4 Star Rating - Drivers 30-59 years of age
4 Star Rating - Executive Car Drivers over 30 years of age
4 Star Rating - Mature Drivers over 60 years of age

Mr Scofield said, “the motor vehicle insurance market is highly competitive and overall Allianz’s products are among the market leaders. This comes through in the fact that Allianz is well represented in the higher ratings in just about all categories but with some variation State to State. This is despite the fact that our policies’ features are the same in each State and, while premiums vary to reflect local circumstances (eg repair costs and theft rates), that variation is usually fairly modest”.

“The key take-out from the ratings is that consumers should shop around to make sure they find the policy that best suits their needs. Consumers should look closely at the different policy features and benefits on offer. This is because the survey puts a high weighting on premium cost (70-85%) compared to policy features. Thus, chasing a slightly lower premium can sometimes be a false economy if you place a higher value on non-price features such as Allianz’s choice of repairer policy and excellent claims service”, Mr Scofield concluded.

Media enquiries


Nicholas Scofield
Allianz Australia
Ph. 02-9390 6596
0416 088 414
nicholas.scofield@allianz.com.au


Allianz Australia

Best General Insurance Company 2006*
Best General Insurance Company 2007*

The Allianz Australia Group operates in Australia and New Zealand. It is one of Australia’s largest general insurers, a leading private workers’ compensation insurer, and also provides life insurance.

Allianz Australia delivers a wide range of personal, commercial and corporate insurance products and services. AAL is proud to be of service to more than 2 million policy holders and over 50% of Australia’s top 200 BRW listed companies have some form of insurance cover with the group.

Allianz Australia offers a wide range of insurance products and services including car insurance, home insurance and Life insurance.

Allianz Australia has approximately 3300 staff. In 2007, the company achieved a gross written premium exceeding AU$2.4 billion and investment assets of approximately AU$5.5 billion. Allianz Australia Group is a wholly owned subsidiary of the worldwide Allianz Group, one of the world’s largest financial services companies.
Greenhouse Challenge Plus
Allianz’s commitment to social, environmental and economic sustainability has been acknowledged ‎internationally by the Dow Jones Sustainability Index, which recognised Allianz as the most ‎sustainable general insurer in the world in 2007. In Australia, Allianz is a member of the Greenhouse ‎Challenge Plus program, which is a cooperative partnership between industry and the Australian ‎Government that aims to reduce greenhouse gas emissions.‎

*Australian Banking and Finance Insurance Awards