It is not compulsory in New Zealand. However, having at least a third party insurance would cover you for any accidental damage you cause to others.
You could get your car, motorbike or boat protected if an accident happens.
Vehicle Insurance - Trusted Adviser
Things need to be considered:
- Agreed Value vs Market Value
- Vehicle Makes & Models
- Your vehicle usage (Personal or Business)
- Under 25 year old drivers
- Vehicle modification
- Your driving licence type and criminal record
Type of policies and covers are:
Comprehensive*
Damage by an uninsured car
Fire damage and theft
Transport and emergency costs
Replacement car
Loss or stolen keys
Third party,
fire and theft*
Legal liability
Fire damage and theft
Third party car’s repair cost
Damage by an uninsured car (T’s & C’s apply)
Third Party*
Legal liability
Third party car’s repair cost
Damage by an uninsured car (T’s & C’s apply)
* Please note the benefits could be different depend on the company’s product and their criteria. We will help you to find the best option based on your circumstances.