Learn How to Buy Auto Insurance at an Affordable Price
Looking for a local car insurance provider to insure your car, van, truck or motorbike? Why not use My Insurance Guide, a New Zealand-owned company that brings a friendly, personable face to the stuffy, impersonal insurance industry. Don’t waste time searching through the hundreds of listings on Google or other search engines. Just fill out our short online form and we’ll find a policy that suits your individual needs. It’s fast and hassle free! Just the way it should be.
What are your main priorities when buying cover for your vehicle?
- Are you looking for comprehensive cover that accounts for everything?
- Are you looking for a third party fire and theft policy? Cheaper than comprehensive cover but still provides sufficient cover should an accident happen?
- Maybe you’re looking for the most cost effect policy. The one that covers the cost to repair or replace another drivers vehicle should you accidentally cause damage?
What is car insurance when buying auto cover?
Car insurance in New Zealand is not yet a legal requirement. If you own a car, it is in your best interest to have some type of auto insurance cover. Car insurance protects you against financial loss in the event of an accident. Like all insurance policies, it is a contract between the insurer (the car insurance company you purchase the policy from) and the insured (the policyholder). You, the policyholder, pay a premium and the insurance company agrees to pay your losses as defined in your policy.
Car insurance policies can provide liability, property and medical coverage. More details are provided below:
- Property coverage
Pays for damage to or theft of your car.
- Liability coverage
Pays for your legal responsibility to others involved in the incident. This covers you for bodily injury or property damage you cause to another party.
- Medical coverage
Generally pays for the cost of treating injuries, rehabilitation, lost wages and funeral expenses. This will depend on what is specified in your vehicle insurance policy.
There are different types of auto insurance policies available from New Zealand insurance companies. You can find out ways to save on all types of vehicle insurance by visiting our “how to save on car insurance” section.