Available to purchase directly on its UK website and on price comparison websites, the new option features key benefits such as:
Motor legal expenses, courtesy car, protected no claims discount and breakdown cover are also available as optional extras for customers who want a little more protection.
In-line with Allianz’s personal line’s offering, the essentials option is managed digitally to provide customers with the ability to self-serve and change their policy without admin fees at the touch of a button. When making a claim, customers also have access to a 24-hour UK claims line so that they can speak to someone instantly.
The Allianz brand launched into the personal lines insurance market back in March with a digital car insurance product, followed by its insurance offering to personal lines brokers in May, providing the opportunity for customers to buy their home and car insurance under the one brand through an advised service. Allianz also launched its direct to consumer home insurance product in May, and with the launch of car essentials, now offers a suite of products in the personal lines market.
Serge Raffard, Managing Director for Personal Lines at Allianz comments:
“We’re very excited to launch our new car essentials insurance into the UK personal lines market, and provide more choice to customers who are looking for great value protection for their car. We’ve developed this with our customers in mind, looking at their requirements and needs, our own claims experience and Defaqto criteria. We do understand customers want to speak to someone when making a claim, and this is an important element we include.
About Allianz Holdings plc
Allianz Holdings plc is the non-regulated holding company which owns the principal insurance operations of Allianz SE in Great Britain including Allianz Insurance.
About Allianz
The Allianz Group is one of the world's leading insurers and asset managers with around 125 million* private and corporate customers in nearly 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 737 billion euros** on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage about 1.7 trillion euros** of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we are among the leaders in the insurance industry in the Dow Jones Sustainability Index. In 2023, over 157,000 employees achieved total business volume of 161.7 billion euros and an operating profit of 14.7 billion euros for the group.
* Including non-consolidated entities with Allianz customers.
**As of December 31, 2023.
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This document includes forward-looking statements, such as prospects or expectations, that are based on management's current views and assumptions and subject to known and unknown risks and uncertainties. Actual results, performance figures, or events may differ significantly from those expressed or implied in such forward-looking statements.
Deviations may arise due to changes in factors including, but not limited to, the following: (i) the general economic and competitive situation in the Allianz’s core business and core markets, (ii) the performance of financial markets (in particular market volatility, liquidity, and credit events), (iii) adverse publicity, regulatory actions or litigation with respect to the Allianz Group, other well-known companies and the financial services industry generally, (iv) the frequency and severity of insured loss events, including those resulting from natural catastrophes, and the development of loss expenses, (v) mortality and morbidity levels and trends, (vi) persistency levels, (vii) the extent of credit defaults, (viii) interest rate levels, (ix) currency exchange rates, most notably the EUR/USD exchange rate, (x) changes in laws and regulations, including tax regulations, (xi) the impact of acquisitions including related integration issues and reorganization measures, and (xii) the general competitive conditions that, in each individual case, apply at a local, regional, national, and/or global level. Many of these changes can be exacerbated by terrorist activities.
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1 Claim data for motorbike couriers / delivery drivers insurance fraud detected – increased by 6250%
2 Hot spots in order of cases received by LV=, based on data from 2023
More information can be found here: Everything To Know About Insurance Fraud | LV=
