Car Insurance Guide for Expat
Auto insurance is not currently compulsory in New Zealand, however, the issue is being hotly debated and this may change. If you are involved in an accident, the other party may not have any insurance. This can end up costing you a great deal of money, even if the other party is at fault. Therefore it is highly recommended that you get comprehensive cover to protect your own interests.
The cost of car insurance varies depending on the value of the car and the age and experience of the driver. One hundred NZ dollars ($100) per month is about average for comprehensive insurance for a driver over 25 with a new car and a good driving record. Third party insurance – insurance that only covers damage to another driver’s car or property — will cost the same type of driver around $150 a year.
Before leaving your current country, remember to get a no-claims certificate from your current insurance provider. You can use this to possibly obtain a discount off your insurance rate in NZ.
New Zealand’s main auto insurance providers include:
- AA Insurance http://www.aainsurance.co.nz/
- AMI Insurance: http://www.ami.co.nz
- State Auto Insurance: http://www.state.co.nz
- Tower Car Insurance: http://www.tower.co.nz
Consumer Org offer a pay-for service that reports on various aspects of insurance in New Zealand. If you wish to view an unbiased comparison report, this is well worth the $20 that it costs. http://www.consumer.org.nz/reports/car-insurance
Some companies, such as Tower Insurance, offer discounts for owning multiple policies, so if you have your buildings, contents and car insurance with them you may negotiate a discount.
