Allianz Car Insurance Hong Kong Review 2026: Is It Worth It?
Updated: 9 Apr 2026
Written byMoneyhero Team
MoneyHero 屬於你的理財專家，同你分享投資攻略、理財小貼士，一齊面對財務問題，助你實現人生不同階段的財務目標
Featured Car Insurance
| Products | 24-hour Emergency Roadside Assistance | No Claim Discount (NCD) Protection | Third-Party Property Damage | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
Included | HK$$100,000 | HK$2 million | ||||||||
Included | N/A | HK$2 million | ||||||||
Allianz Car Insurance Overview
How We Evaluate Car Insurance Companies
The MoneyHero team assesses car insurance providers from both the policyholder's and insurer's perspectives, taking into account the following key criteria:
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Financial strength: We evaluate each insurer's financial stability and its ability to meet claims obligations.
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Complaint record: We assess the volume of complaints relative to each company's size. A well-regarded insurer will typically have a lower-than-expected complaint ratio.
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User experience: We review how easy it is for customers to interact with the insurer, including whether the website provides adequate coverage information, whether online quoting and claims submission are available, and app ratings on the Apple App Store and Google Play.
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Premium discounts: We review the types and number of discounts offered. We prioritise insurers that help consumers reduce their premium costs through competitive discount structures.
Allianz Auto Insurance: Third Party Only Insurance Plan
When it comes to car insurance in Hong Kong, every car owner must weigh up whether they should buy a third-party only plan or a comprehensive plan. Here, we analyse whether the Allianz Motor Insurance Third Party Only Plan provides sufficient coverage. To illustrate, consider a 35-year-old driver with five years of driving experience, a No Claims Discount (NCD) of 60%, and a 2020 Honda Jazz. If they purchase Allianz Third-Party Only car insurance through MoneyHero, it costs as little as HK$2,042* per year (less than HK$200 per month on average) which is very competitive by market standards.
Beyond the standard third-party cover (third-party property damage and third-party bodily injury or death), the Allianz Third-Party Only plan also includes 24-hour free towing service covering up to HK$2,000 per accident and 24-hour emergency roadside assistance.
*Premium is for reference only. The actual premium depends on multiple factors, including limited-time promotions, driver age, years of driving experience, NCD, and claims history.
MoneyHero's assessment: For a third-party only plan, having both 24-hour emergency benefits is a genuine advantage over many rivals. That said, drivers should note that the Third Party Only plan is fundamentally designed to protect against liability to others; if your own car is damaged (e.g., a rock cracks your windscreen), you cannot make a claim. For drivers who face basic road risks but don't need full vehicle damage coverage, the Allianz Third Party Only plan is more than adequate. If you want fuller protection, consider the Comprehensive plan.
What Does Allianz Motor Insurance Comprehensive Plan Cover?
What does the Allianz Motor Insurance (Comprehensive) cover? How is it compared to the other insurers in terms of both advantages and disadvantages? Here is a breakdown of the key coverage areas and how they compare to the general market:
No Claims Discount (NCD) & NCD Protection
NCD is one of the most valued benefits for car owners. For each year you meet the specified conditions, you accumulate a discount that reduces your renewal premium, helping you save money over time.
NCD Protection means that even if you make a claim, as long as your total claims in a policy year do not exceed the specified limit, you retain your existing NCD and accumulated discounts at renewal.
|
Year |
General Market (Private Vehicle) |
Allianz Motor Insurance - Comprehensive Plan |
|
Under 12 months |
0% |
0% |
|
1st year no claim |
20% |
20% |
|
2nd year no claim |
30% |
30% |
|
3rd year no claim |
40% |
40% |
|
4th year no claim |
50% |
50% |
|
5th year no claim |
60% |
60% |
|
6th year no claim |
60% |
60% |
|
NCD Protection limit |
HK$50,000–HK$60,000 |
Below HK$100,000 to retain NCD |
MoneyHero's assessment: While Allianz's NCD accumulation schedule matches the general market standard, its annual NCD Protection limit of up to HK$100,000 is significantly higher than most competitors (which typically cap at HK$50,000–HK$60,000). This is a standout benefit, especially for drivers with a good track record. One important caveat: NCD Protection only kicks in when your NCD reaches 50% or higher (i.e., from the 4th year of no claims onward). Drivers with an NCD of 40% or below are not eligible.
Windscreen, Substitute Vehicle & Named Driver Personal Accident Cover
|
Benefit |
General Market (Private Car) |
Allianz Motor Insurance Plan – Comprehensive |
|
Windscreen & Window Cover |
HK$4,000–HK$5,000; some waive excess; no NCD deduction |
Up to HK$5,000; no NCD deduction |
|
Courtesy Car |
HK$3,500–HK$5,000; some with daily limits or rental cost obligation |
HK$1,000/day, up to 5 days (no rental cost obligation) |
|
Personal Accident Protection |
HK$100,000–HK$200,000 |
Up to HK$250,000 |
MoneyHero's assessment:
Windscreen: The Allianz windscreen and window cover is solid (up to HK$5,000) with no NCD deduction and no excess to pay. Note that repairs must be carried out by an approved service provider, but overall, the cover is more comprehensive than many alternatives.
Courtesy Car: The daily rental for a typical private car in Hong Kong ranges from around HK$700 to HK$1,000. With Allianz's courtesy car cover of HK$1,000/day for up to 5 days (total HK$5,000), and no rental cost obligation, this benefit is adequate for most everyday drivers.
Personal Accident Protection: A "named driver" refers to the driver named on the policy who was behind the wheel at the time of the accident. Allianz's cover stands at up to HK$250,000, higher than the general market range of HK$100,000–HK$200,000. On top of that, each accident also covers up to HK$10,000 in medical expenses, which is also above the market average.
Pros and Cons of Allianz Car Insurance HK
Pros
24-Hour Emergency Assistance
The Third Party Only plan includes a 24-hour free towing service, covering up to HK$2,000/per accident, and 24-hour emergency roadside assistance. This emergency coverage holds a notable advantage over many competitors.
No Claims Discount (NCD) Protection
Allianz's NCD Protection covers up to HK$100,000 per year, significantly higher than most car insurance plans on the market, allowing policyholders to retain their existing NCD as long as their total claims do not exceed the limit, helping them save on renewal premiums.
Comprehensive Coverage Options
The Comprehensive plan provides thorough coverage, including personal accident protection (up to HK$250,000), medical expenses (up to HK$10,000), windscreen cover, courtesy car benefit, new for old car replacement protection, and nil depreciation repairs.
Dedicated Electric Vehicle Coverage
Allianz car insurance in HK includes dedicated electric vehicle coverage, protecting internal electrical and electronic components, as well as the cost of replacing a private EV charger.
Competitive Premiums
Compared to many insurers in the Hong Kong market, Allianz's premiums are attractively priced, particularly for drivers with a clean record and high NCD.
Cons
Limited Third-Party Coverage Scope
The Third Party Only plan is intentionally designed to cover liability to other parties, including their injuries, death, and property loss; it will not compensate you for damage to your own vehicle (such as a broken windscreen caused by road debris). Drivers seeking protection for their own car will need to upgrade to Comprehensive cover.
Lack of Innovative Add-on Features
Allianz's coverage categories do not offer particularly innovative or distinctive add-on features compared to some newer digital-first insurers. The product is traditional and reliable, but may feel less cutting-edge for drivers seeking highly customisable or usage-based options.
MoneyHero's One-Stop Instant Car Insurance Service: Get Insured Online in 3 Minutes
Looking for an Allianz auto insurance quote or other popular car insurance policies that can be instantly issued in Hong Kong? MoneyHero's instant car insurance platform lets you compare private car insurance plans from multiple insurers side by side. The entire process, from quoting and filling in your details to payment and policy issuance, is completed in 4 steps on MoneyHero's website, taking as few as 3 minutes with no redirects to external sites needed. It works seamlessly on mobile, tablet, or desktop.
4 Key Benefits of Instant Policy Issuance
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Instant quote and instant cover: Simply enter your vehicle details, and the system automatically calculates live premium quotes from multiple insurers. Compare, apply, and receive your official e-policy immediately.
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End-to-end on MoneyHero's platform: Zero redirects. Quoting, data entry, payment, and policy issuance are all handled in one place.
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Complete in as little as 3 minutes: Four simple steps to finish your application and receive your official electronic policy. No waiting, no paperwork.
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Multi-device Support: Apply anytime, anywhere on your phone, tablet, or computer.
Which Car Insurance is Best?
MoneyHero users can get instant quotes and complete the entire application to get immediate issuance from the following three insurers without leaving the platform.
Allianz Auto Insurance
As an internationally recognised insurance brand, Allianz offers instant quotes for both Third Party Only and Comprehensive motor insurance plans through MoneyHero. Suitable for new and experienced drivers alike, the plan is flexible and you can add optional benefits such as windscreen cover and 24-hour emergency assistance. Pricing is transparent, policy issuance is immediate, and the process is straightforward, making it ideal for drivers who want to get covered quickly.
QBE Motor Insurance
QBE is known for its competitive pricing and clear, flexible plan structures. The application process is fast and straightforward, with most applicants receiving an instant quote and completing their application in approximately 3 minutes. Coverage includes third-party liability, personal accident, and Own Damage, covering the core needs of everyday drivers.
Bolttech Car Insurance
Bolttech focuses on a fully digital, self-service insurance experience. The entire journey, from data entry to policy approval, can be completed instantly online. Policyholders can flexibly adjust their excess levels and optional add-ons, making it a great choice for drivers who prefer a fast online approach to car insurance.
How Does Allianz Compare to Other Car Insurers?
|
Allianz |
Zurich |
Bolttech |
|
|
Discounts |
Periodic promotional discounts available |
Periodic promotional discounts available |
Periodic promotional discounts available |
|
Ease of use |
Easy to use |
Easy to use |
Easy to use |
|
Consumer complaint ratio |
Good reputation |
Good reputation |
Good reputation |
|
Conclusion |
Comprehensive coverage with occasional attractive discounts, suitable for drivers who value brand reputation and multi-layered protection |
Comprehensive cover with emphasis on risk management and claims service. Well-established, traditional service, ideal for drivers seeking stable, dependable protection |
Digital-first insurance experience with flexible plans, fast claims, and personalised products. Best suited for younger, tech-savvy drivers who prefer to manage everything online |
Allianz Car Insurance Premium Comparison
|
Insurance Plan |
Comprehensive |
Third-Party Only |
|
QBE |
HK$3,410 |
HK$1,905 |
|
Bolttech |
HK$3,073 |
HK$2,062 |
|
Dah Sing Insurance |
HK$3,000 |
HK$1,500 |
|
AIG |
HK$4,256 |
HK$2,350 |
|
Blue Cross |
HK$3,361 |
HK$1,703 |
|
Zurich |
HK$4,949 |
HK$3,377 |
|
Allianz |
HK$2,867 |
HK$2,042 |
|
BOCGI |
HK$2,804 |
HK$1,856 |
Note: Above is sample pricing taken on 5 February 2026. All premiums are estimated based on a Honda Jazz (2020 model year, insured vehicle value HK$100,000).
The premiums above apply to drivers under 40 years old with a 60% No Claims Discount (NCD) and a clean driving record with no violations. Prices are for reference only; actual premiums may vary depending on the specific vehicle make, model year, engine capacity, and other factors. MoneyHero's one-stop car insurance comparison platform lets you enter your vehicle and driver details to view coverage limits, additional benefits, and welcome offers all in one place.
MoneyHero Tips
If you're working with a tight budget, you can legally drive in Hong Kong with just a Third Party Only policy, which meets the minimum insurance requirement under Hong Kong law. Before deciding, read our guide on the difference between Comprehensive and Third-Party Car Insurances to make an informed choice.
Allianz Car Insurance Coverage Limits Compared
Use MoneyHero's one-stop car insurance comparison platform to compare plans from multiple insurers instantly, saving your time and money.
Comprehensive Cover
| Products | 24-hour Emergency Roadside Assistance | No Claim Discount (NCD) Protection | Third-Party Property Damage | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
Included | HK$$100,000 | HK$2 million | ||||||||
Included | HK$60,000 or 15% of estimated car value (whichever is the less) | HK$3 million | ||||||||
N/A | N/A | |||||||||
Included | HK$60,000 or 15% of estimated car value (whichever is the less) | HK$3 million | ||||||||
Third-Party Cover
| Products | ||||
|---|---|---|---|---|
Allianz Motor Insurance Coverage: Comprehensive vs. Third-Party
|
Coverage |
Comprehensive |
Third-Party Only |
|
Third-party bodily injury or death |
✓ |
✓ |
|
Third-party property damage |
✓ |
✓ |
|
Own vehicle damage |
✓ |
✗ |
|
Windscreen & window cover |
✓ (up to HK$5,000; no NCD deduction) |
✗ |
|
Courtesy Car |
✓ (HK$1,000/day, up to 5 days) |
✗ |
|
NCD Protection |
✓ (up to HK$100,000; retain existing NCD) |
✗ |
|
Medical expenses |
✓ (up to HK$10,000) |
✗ |
|
Named driver personal accident |
✓ (up to HK$250,000) |
✗ |
|
24-hour free towing |
✓ (up to HK$2,000) |
✓ (up to HK$2,000) |
|
24-hour emergency roadside assistance |
✓ |
✓ |
|
New-for-old car replacement (first year) |
✓ (zero depreciation repairs) |
✗ |
|
Pursuit of claim service |
✓ |
✗ |
How to Get Car Insurance Discounts in Hong Kong
-
Choose Third-Party Only if your budget is tight (Do weigh the risk carefully)
-
Wait until your full driving licence is issued to start driving
-
Build up your NCD for a renewal discount
-
Drive a standard private motor car for the lowest premiums
-
Avoid electric vehicles
-
Standard office or professional roles typically attract lower premiums than higher-risk occupations.
-
Compare premiums and coverage from all major Hong Kong car insurers.
Further reading: 7 Tips to Get the Cheapest Car Insurance in Hong Kong
Is Allianz a Reputable Insurer?
Allianz is a long-established, globally leading insurance and financial services group with a strong brand, extensive product range, and a track record of professional, comprehensive coverage and support for customers worldwide.
Allianz Group is headquartered in Munich, Germany, and was founded over 125 years ago. It is one of the world's largest financial services groups, operating in more than 70 countries with over 122 million customers. The group's business spans life insurance, property and casualty insurance, and asset management. In Hong Kong, Allianz is one of the leading motor car insurance providers, known for its financial strength and global network. It has partnerships with multiple car manufacturers globally.
Where to Find More Information on Allianz Car Insurance in Hong Kong
Visit the official Allianz Hong Kong website to get a car insurance quote, apply online, and submit claims directly. The website also features detailed product information, the latest promotions, and helpful articles on topics such as EV insurance features and home fire safety.
To quickly compare Allianz motor car insurance against other leading Hong Kong car insurance plans, visit MoneyHero's instant quote platform. Enter your vehicle and driver details once to compare premiums, coverage limits, optional benefits, and exclusive welcome offers, all in one place, instantly.
Further reading: Do Non-Car Owners Need Car Insurance? What is Third-Party Insurance?
Allianz Home and Renter's Insurance
In addition to motor insurance, Allianz offers a range of home insurance plans covering loss or damage to household contents, personal liability, and home renovation coverage. You can select different coverage tiers based on your needs. Household contents can be covered for up to HK$1,500,000, with personal liability protection of up to HK$12,000,000. Limited-time discounts are available, with premiums starting from as low as HK$1 per day.
Other Insurance Products from Allianz
Beyond car and home insurance, Allianz Hong Kong offers a broad range of insurance products, including travel insurance, medical insurance, and life insurance, catering to the diverse needs of different customers. Allianz travel insurance includes 24/7 global emergency assistance and covers medical expenses, baggage loss, trip cancellation, and more.
Conclusion
Allianz Third Party Only motor insurance plan includes two 24-hour emergency benefits, putting it ahead of a number of competitors in the market. For the Comprehensive plan, while the NCD accumulation schedule is in line with most car insurance plans, the annual NCD Protection limit is significantly higher than many competitors, meaning drivers with a good record and an NCD of 50% or above can claim without worrying too much about exceeding the limit and affecting their NCD or renewal premium.
Frequently Asked Questions (FAQ)
You must submit a claims application within 14 days of the accident. Follow these steps:
Step 1: Report the accident to the police immediately and collect all photos and information relating to the incident and the parties involved.
Step 2: Visit the official Allianz Hong Kong website and click "Submit Claim Now" to begin the claims process. You will receive a confirmation email upon submission.
Step 3: Submit the documents and information requested in the confirmation email as soon as possible. An Allianz customer service representative will notify you as soon as the repair authorisation has been completed.
You can get a quote directly on the Allianz Hong Kong official website. Alternatively, MoneyHero provides instant online car insurance quotes. Simply enter your vehicle details, and most car models can receive a live premium quote immediately. Purchasing through MoneyHero also gives you access to exclusive discounts.
Better yet, when applying for Allianz car insurance through MoneyHero, the entire process — quoting, entering your details, making payment, and receiving your e-policy — is completed entirely within the MoneyHero platform, with no redirects. You can get covered with an official electronic policy in just a few steps.
Allianz does not currently offer a dedicated insurance plan or endorsement for ride-hailing drivers (such as those operating via Uber, DiDi, or similar platforms). If you are a ride-hailing driver, it is recommended to contact Allianz customer service directly to confirm whether any applicable ride-hailing insurance product or endorsable clause is available, in order to ensure your coverage meets the requirements of ride-hailing operations.
About the author
Moneyhero Team
MoneyHero 屬於你的理財專家，同你分享投資攻略、理財小貼士，一齊面對財務問題，助你實現人生不同階段的財務目標
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