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Buy car insurance

Car insurance is a financial safety net for you and your car. It covers costs if your car is damaged in an accident (even if it's your fault), stolen, or vandalized. It also protects you from financial liability if you injure someone or damage their property in a crash.

Intro

Types of car insurance policies

Liability, comprehensive, more

Third-Party Insurance
Third-Party Insurance

This is the minimum legal requirement in New Zealand. It covers damages and injuries to third parties if you cause an accident. However, it does not cover damages to your vehicle.

Third-Party, Fire & Theft Insurance
Third-Party, Fire & Theft Insurance

Covers your vehicle for its current market value at the time of a claim event. The most common policy for standard passenger vehicles.

Comprehensive Insurance
Comprehensive Insurance

The highest level of cover that insures you for damage to both your vehicle and third-party property/injuries. It covers accident damage, fire, theft, weather events like hail, floods etc.

Classic Vehicle Insurance
Classic Vehicle Insurance

Covers your vehicle for its current market value at the time of a claim event. The most common policy for standard passenger vehicles.

Breakdown Insurance
Breakdown Insurance

Learner and restricted driver policies have higher premiums but offer cost reduction options due to the increased risk of inexperienced drivers.

Rideshare Insurance
Rideshare Insurance

A required endorsement or add-on to a standard policy provides this coverage. Rideshare insurance is necessary for Uber, Ola and other rideshare drivers in New Zealand.

Types of Car Insurance Policies

Car insurance policies provide financial protection against various risks associated with owning and operating a vehicle. In New Zealand, some common types of car insurance include:

Third-Party Liability
This is the minimum legal requirement in New Zealand. It covers damages and injuries to third parties if you cause an accident. However, it does not cover damages to your vehicle.

Third-Party Fire and Theft
In addition to third-party liability, this policy covers your vehicle against fire and theft. This policy offers the broadest coverage, including:

Third-party liability
Damage to your vehicle from accidents, fire, theft, and natural disasters
Accidental damage coverage (e.g., hitting an animal or object)
Personal injury cover for you and your passengers
Southern Cross Health Society
Southern Cross is a well-established name in the New Zealand health insurance market. As a not-for-profit organisation, it focuses on returning value to its members.
Offers a range of plans, including basic options like their "Wellbeing Starter" plan
Known for efficient claim processing, with many claims settled within 5-7 working days
Provides a mobile app for easy claims submission and policy management
Offers a network of affiliated healthcare providers for potential cost savings
Regularly scores high in customer satisfaction surveys
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Electronic items

Coverage for electronic devices like laptops, cameras, and televisions may be subject to a specific item limit.

Bicycles

If you have high-value bicycles, there may be a separate limit for covering them under your contents insurance policy.
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Artwork and collectibles

Valuable artwork, antiques, or collectibles may have a lower coverage limit compared to other household items.
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Additional Coverage Options

Many car insurance providers in New Zealand offer additional coverage options beyond the standard policy inclusions. These optional add-ons allow you to customize your protection and fill any gaps for greater peace of mind, though they come at an extra cost.
Roadside assistance (flat tyre, battery, towing)
Rental vehicle usage
Windscreen and glass repairs
Personal belongings cover
Excess buydown

Car insurance quote

Requesting quotes allows you to easily compare pricing, coverages, benefits and policy features across different insurance companies. This way, you can find the policy that best suits your budget and requirements.
Compare rates from top insurers
Get accurate pricing for your situation
View coverage options side-by-side
Quotes are obligation-free
Save time and money
Protect your vehicle properly

Understanding
Car Insurance Costs

Premiums and Deductibles Explained

Premiums
An insurance premium is the amount paid periodically to maintain an active car insurance policy. Premium costs in New Zealand are influenced by various factors such as the driver's age, location, driving history, vehicle make and model, and the level of coverage selected.
Deductible Amounts
A deductible is the out-of-pocket expense the policyholder agrees to pay when making a claim. Higher deductibles typically result in lower premium costs, while lower deductibles lead to higher premiums. Deductibles in New Zealand can range from a few hundred dollars to over a thousand dollars.
Coverage Level Impact
The type and extent of coverage chosen significantly impact car insurance costs. Comprehensive policies, which offer the highest level of protection, tend to have higher premiums compared to third-party or third-party fire and theft policies with more limited coverage.
Driver Profile Considerations
Insurers evaluate the driver's profile to determine risk and adjust premiums accordingly. Factors like age, gender, marital status, occupation, and driving record can either increase or decrease the cost of car insurance.
Vehicle Characteristics
The make, model, year, and value of the insured vehicle play a crucial role in determining car insurance costs. Newer, more expensive vehicles with higher repair costs typically attract higher premiums compared to older, less valuable models.
Payment Options
Policyholders in New Zealand often have the choice to pay premiums annually, semi-annually, or monthly. Paying annually may offer discounts, while monthly payments can be more convenient but slightly costlier due to additional fees.

What risks
does car insurance cover?

Accidents, fire, theft, more

Collision Damage
Car insurance protects against financial losses resulting from collisions with other vehicles, objects, or animals on the road. This covers the cost of repairs or replacement of the insured vehicle, subject to policy terms and conditions.
Third-Party Liability
In the event of an accident where the insured driver is at fault, car insurance provides coverage for third-party property damage and bodily injury liability claims. This protection helps mitigate legal and financial risks.
Fire and Theft
Comprehensive car insurance policies cover the loss or damage to the insured vehicle caused by fire, attempted theft, or actual theft. This risk coverage ensures the policyholder is not left without a vehicle or compensation.
Natural Disasters
Car insurance in New Zealand often includes coverage for damage caused by natural disasters such as earthquakes, floods, storms, and other weather-related events, providing financial protection against these unpredictable risks.
Vandalism and Malicious Damage
Comprehensive policies typically cover the cost of repairing or replacing the insured vehicle if it is intentionally damaged by vandals or as a result of malicious acts, offering peace of mind against such risks.
Uninsured Motorist Protection
This coverage safeguards policyholders from the financial burden of accidents caused by drivers who do not have adequate insurance or cannot be identified, ensuring compensation for damages and injuries.
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Is car insurance mandatory in NZ?

Understanding Legal Requirements

New Zealand Transport Agency

The New Zealand Transport Agency (NZTA) is the government agency responsible for enforcing mandatory car insurance requirements in the country. It oversees vehicle registration and licensing processes, ensuring compliance with relevant laws and regulations.

Land Transport Act 1998

The Land Transport Act 1998 is the primary legislation that governs the mandatory insurance requirements for motor vehicles in New Zealand. It outlines the legal obligations for vehicle owners and drivers, including the minimum level of insurance coverage required.

Third-Party Insurance Requirement

Under the Land Transport Act 1998, all motor vehicles operating on public roads in New Zealand must have at least third-party insurance coverage. This mandatory minimum protects against liability for injury or property damage caused to others in the event of an accident.

Vehicle Registration and Licensing

When registering a vehicle or renewing its license with the NZTA, vehicle owners must provide proof of valid third-party insurance coverage. Failure to maintain the required insurance can result in fines, license suspension, or other penalties.

Road User Charges (RUC) for Heavy Vehicles

For heavy vehicles subject to Road User Charges (RUC), such as trucks and commercial vehicles, additional insurance requirements may apply. These requirements aim to ensure adequate coverage for potential damages and liabilities associated with the operation of larger vehicles.

Regulatory Compliance and Enforcement

The NZTA, in collaboration with police and other government agencies, conducts regular compliance checks and enforces the mandatory car insurance requirements. Penalties and fines can be imposed on individuals or businesses found operating vehicles without the legally required insurance coverage.

Car insurance quote

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Where to Buy
Car Insurance

Companies & Brokers Compared

AMI
AA
ANZ
ASB
BNZ
COVE
CROMBIE
INITIO
KIWI
LANTERN
MAS
NZI
OMF
PROTECTA
QBE
STATE
TOWER
TRADE ME
AMI Insurance
AMI Insurance

AMI is one of New Zealand's largest insurance providers, offering a range of car insurance options from third-party to comprehensive cover.

AA Insurance
AA Insurance

The automobile association sells policies underwritten by Vero, with options like agreed value and roadside assistance packages.

ANZ
ANZ

One of the big four banks that also sells car insurance policies through its branches and advisers.

ASB
ASB

Another major bank, ASB sells vehicle insurance covering accidental damage, fire, theft, and liability.

BNZ
BNZ

BNZ offers car insurance with optional extras like excess-free glass cover and new vehicle replacement in the first year.

Cove
Cove

Cove is an online insurer providing comprehensive, third-party fire & theft, and Third-party only car policies.

Crombie Lockwood
Crombie Lockwood

Large insurance brokerage offering car insurance solutions from various underwriters for businesses and individuals.

Initio
Initio

Start-up digital insurer selling car and other insurance products directly to customers online.

Kiwi Bank
Kiwi Bank

The popular Kiwi-owned bank also sells car insurance policies through its insurance division.

Lantern Insurance
Lantern Insurance

Fast-growing insurance brokerage helping clients find suitable car insurance policies from different insurers.

MAS
MAS

Mutual insurance society providing car insurance cover and other products to members and the public.

NZI
NZI

General insurer with offerings including comprehensive car insurance sold through an adviser network.

OMF Insurance
OMF Insurance

The online marketplace and classified site with a platform for users to purchase car insurance policies.

Protecta Insurance
Protecta Insurance

Protecta is a specialist provider of niche insurance products including car insurance policies.

QBE
QBE

The global insurer QBE has a presence in New Zealand offering car insurance among its personal insurance products.

State Insurance
State Insurance

State has been protecting New Zealanders for over 100 years and sells competitively priced vehicle cover.

Tower Insurance
Tower Insurance

Tower is a well-known insurance brand in New Zealand selling car insurance alongside its other personal lines.

Trademe Insurance
Trademe Insurance

Cove is an online insurer providing comprehensive, third-party fire & theft, and Third-party only car policies.

How much will
car insurance cost?

Key Factors Explained

Driver's Age and Experience

Age and driving experience play a significant role in determining car insurance premiums. Younger and inexperienced drivers are statistically more likely to be involved in accidents, resulting in higher insurance costs compared to older, more experienced drivers.

Driving Record and Claims History

An individual's driving record, including any traffic violations, at-fault accidents, or previous insurance claims, can significantly impact the cost of car insurance. A clean driving record with no claims typically attracts lower premiums.

Vehicle Type and Value

The make, model, age, and value of the insured vehicle influence insurance costs. Newer, more expensive vehicles with higher repair costs generally have higher premiums compared to older, less valuable models.

Location and Garaging Address

The geographic location and the area where the vehicle is primarily parked or garaged can affect insurance rates. Urban areas with higher traffic density and crime rates tend to have higher premiums than rural areas.

Level of Coverage and Deductibles

The type of coverage selected, such as comprehensive, third-party fire and theft, or third-party liability, impacts the cost of car insurance. Additionally, higher deductibles often result in lower premiums, while lower deductibles increase the overall cost.

Annual Mileage and Usage

Vehicles driven more frequently and over longer distances are at a higher risk of accidents, leading to higher insurance costs. Insurers consider the annual mileage and intended usage of the vehicle when calculating premiums.

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Car Insurance Options

Comparing Coverage & Cost (Liability, Comprehensive, More)

Major Insurance Companies

Comprehensive and liability car insurance coverage options are widely available from major insurance companies operating in New Zealand, such as AA Insurance, AMI, State Insurance, Tower Insurance, and Vero. These providers offer various policy types and coverage levels to cater to different needs and budgets.

Banks and Financial Institutions

Many banks and financial institutions in New Zealand, including ANZ, ASB, BNZ, Kiwibank, and Westpac, offer car insurance products alongside their banking services. These providers may offer bundle discounts or package deals for existing customers.

Online Insurance Platforms

Several online insurance platforms, such as Insurance.co.nz, Insure Direct, and Trade Me Insurance, provide convenient digital channels for comparing and purchasing car insurance policies from multiple insurers, allowing customers to easily evaluate different coverage options and costs.

Specialist Insurers

Specialized insurers like Cove Insurance, Lantern Insurance, and Youi focus exclusively on vehicle insurance products, often offering tailored coverage and competitive pricing for specific customer segments or vehicle types.

Broker Services

Insurance brokers, such as Crombie Lockwood and Leading Insurance Services, can assist in comparing and securing car insurance coverage from various providers, acting as intermediaries to help customers find the most suitable policy based on their unique requirements and circumstances.

Peer-to-Peer Insurance Models

Emerging peer-to-peer insurance models, like those offered by Initio and OMF Insurance, provide an alternative approach to traditional car insurance by allowing policyholders to pool their premiums and share the risk within a community-based framework.

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Car Insurance Laws

Understanding Minimum Coverage & Legal Needs

Third-Party Liability Insurance

In New Zealand, all motor vehicles operated on public roads must have at least third-party liability insurance coverage. This mandatory minimum protects against legal liability for injury or property damage caused to others in the event of an accident.

Land Transport Act 1998

The Land Transport Act 1998 is the primary legislation that governs the compulsory insurance requirements for motor vehicles in New Zealand. It outlines the legal obligations for vehicle owners and drivers, including the minimum level of insurance coverage required.

Vehicle Registration and Licensing

When registering a vehicle or renewing its license with the New Zealand Transport Agency (NZTA), vehicle owners must provide proof of valid third-party liability insurance coverage. Failure to maintain the required insurance can result in fines, license suspension, or other penalties.

Penalties for Non-Compliance

Driving without the legally required insurance coverage is a serious offense in New Zealand. Penalties may include fines, demerit points on the driver's license, vehicle impoundment, or even prosecution in severe cases of repeated non-compliance.

Additional Insurance Coverage Options

While third-party liability insurance is the legal minimum, drivers in New Zealand have the option to purchase additional coverage, such as comprehensive or third-party fire and theft insurance, to protect their own vehicle and assets in the event of an accident or other insured incidents.

Commercial Vehicle Requirements

For commercial vehicles, such as trucks, buses, and other heavy vehicles, additional insurance requirements may apply to ensure adequate coverage for potential damages, liabilities, and risks associated with the operation of these vehicles.

modify or copy the materials;
use the materials for any commercial purpose;
transfer the materials to another person or materials;
attempt to decompile or reverse engineer any software;

Car insurance quote

Requesting quotes allows you to easily compare pricing, coverages, benefits and policy features across different insurance companies. This way, you can find the policy that best suits your budget and requirements.
Compare rates from top insurers
Get accurate pricing for your situation
View coverage options side-by-side
Quotes are obligation-free
Save time and money
Protect your vehicle properly

How to save on car insurance

Discounts you can qualify for

Safe Driver Discount

Many insurers in New Zealand offer discounts to policyholders with a clean driving record and no at-fault accidents or traffic violations for a specified period, often ranging from three to five years.

Multi-Vehicle Discount

If you insure more than one vehicle with the same insurance provider, you may be eligible for a multi-vehicle discount, which can reduce the overall cost of your car insurance premiums.

Bundle Discount

Bundling your car insurance with other insurance products, such as home or contents insurance, from the same provider can often result in a discount on your car insurance premium.

Security Device Discount

Installing approved security devices, such as immobilizers, alarms, or tracking systems, in your vehicle can help you qualify for a discount on your car insurance premiums, as these features reduce the risk of theft.

Low Mileage Discount

If you drive fewer kilometers annually, you may be eligible for a low-mileage discount, as insurers consider low-mileage drivers to have a lower risk of accidents.

Loyalty Discount

Many insurers in New Zealand offer loyalty discounts to customers who have been with the company for a certain number of years, rewarding their long-term commitment and customer retention.

Car insurance

A type of insurance protecting your vehicle

Terms

By accessing the website at https://pixfort.com, you are agreeing to be bound by these terms of service, all applicable laws and regulations, and agree that you are responsible for compliance with any applicable local laws. If you do not agree with any of these terms, you are prohibited from using or accessing this site. The materials contained in this website are protected by applicable copyright and trademark law.

Property and Casualty Insurance
Vehicle Insurance
Personal Lines Insurance
First-Party Insurance
Third-Party Liability Insurance
Compulsory Insurance
Property and Casualty Insurance

Car insurance is a type of property and casualty insurance, which covers the risks associated with physical assets, such as vehicles, and liabilities arising from accidents or incidents involving those assets.

Vehicle Insurance

More specifically, car insurance falls under the broader category of vehicle insurance, which encompasses various types of coverage for automobiles, motorcycles, trucks, and other motor vehicles.

Personal Lines Insurance

Car insurance is considered a personal lines insurance product, as it is designed to protect individuals and families from risks related to their personal vehicles, as opposed to commercial or business-related vehicles.

First-Party Insurance

When insuring your own vehicle, car insurance functions as a first-party insurance policy, providing coverage for damages or losses directly impacting the policyholder's insured asset.

Third-Party Liability Insurance

Additionally, car insurance policies often include a third-party liability component, which protects the policyholder from legal and financial liabilities arising from injuries or property damage caused to others in the event of an accident.

Compulsory Insurance

In New Zealand, third-party liability insurance for motor vehicles is a compulsory form of insurance mandated by law, making car insurance a type of legally required coverage for vehicle owners and drivers.

FAQs about car insurance

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We design and develop world-class websites and applications, design better and spend less time without restricting creative freedom.

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard.

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard.

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard.
We design and develop world-class websites and applications, design better and spend less time without restricting creative freedom.

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard.
We design and develop world-class websites and applications, design better and spend less time without restricting creative freedom.

Car insurance quote

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