Allianz Car Insurance Company Review
The Allianz Group has been around since 1890. It originally started in Germany in Berlin and Munich and is now in 70 different countries. In 1991, it purchased Fireman’s Fund Company in California, which began its presence in the United States.
Allianz offers a number of financial services, with car insurance being one of them. The company prides itself in providing quick and polite service in regards to claims as well as quality insurance plans. Their car insurance can be purchased from independent insurance agents around the country.
Allianz Car Insurance History
Allianz Insurance began as an accident and transport insurer in 1890 in Berlin, Germany. It was started by a banker, Wilhelm Finck, and an insurance specialist known as Carl Thieme. These same men started Munich Re.
In 1893, Allianz opened an office in London. By World War I, Allianz also had operations in the Netherlands, the USA, Italy, Scandinavia, France, Belgium, and the Balkans. It came under control of the National Socialist party during the 1930s and early 1940s. It survived the Nazi era, although it was technically bankrupt by the end of World War II.
Allianz went through a reconstruction process and became the largest insurer in Europe in the 1970s. It continued to expand globally and officially acquired Fireman’s Fund in the United States in 1991.
Allianz Car Insurance Options
According to Fortune Global, Allianz SE is the largest insurer of property and casualty products in the world. Allianz sells car insurance through Fireman’s Fund Insurance Company, which is based out of Novato, California. Depending on your insurance needs, Fireman’s offers a number of different policies.
If you have a motorcycle or a car, you can get comprehensive insurance. This policy includes coverage for physical and accident damage, basic liability, and protection against legal issues. You can add coverage for medical expenses as well as for auto rental expenses, which cover up to $20 a day.
With your auto policy, you are covered automatically in the event you purchase a new car. With collision insurance, you are given two weeks to add the new vehicle to your current policy. If you do not have collision coverage, you only have four days.
As a part of your standard auto policy, if you have any accident repairs done at one of the recommended shops, they will be guaranteed for the time that you keep the car. If you decide to use a repair shop of your own choice, the repairs will not be guaranteed by Fireman’s Fund Insurance.
Allianz also offers specialty insurance plans. These include coverage for classic and luxury cars, for experienced drivers, and if you drive your car in a foreign country.
Allianz Insurance Auto Premier Program
Unlike some car insurance companies that pay you the depreciated value of your car in the event of a total loss, Fireman’s Fund offers a Prestige Auto Premier option to your policy. If your car is totaled and needs to be replaced you will receive the amount for the full replacement cost rather than the depreciated amount.
This covers the car for the first three years or you can increase the option to five years. With a total loss, your deductible is waived as well. In addition, if you prefer to replace your car with a hybrid model, you have that option available.
The Premier program also covers you if you rent or buy a vehicle overseas. If you are currently insuring a car with Fireman’s Fund, you will be provided with coverage for 30 days. You will also have liability protection for 90 days for any vehicle that you borrow, rent, or lease.
If you are in an accident and your car is being repaired, the Premier program will reimburse you for a car rental. Unlike setting a limit for each day like many insurance companies do, you will be reimbursed up to $10,000 for any car you prefer to rent.
Your Premier policy allows you to take advantage of roadside assistance such as towing. If a breakdown forces you to miss a flight, rent a car, or stay in a hotel room you will be reimbursed for a maximum of $1,000 in related expenses.
Financial Strength Rating of Fireman’s Fund Insurance
It is always a good idea to check the financial ratings and outlook of your car insurance company. Companies like A. M. Best review the financial statistics of insurance companies and give an independent opinion of their strength and capability to meet the financial obligations for current and ongoing contracts and policies. As of December of 2011, the rating for Fireman’s Fund financial strength was Excellent, or A.