Menu
Expat.com

car insurance

Last activity 25 August 2012 by kiwiinkorea

Post new topic

marine40

Hi,
I am in new zealand since one month.
I will buy a car and I want some information about the insurance.
Which one chose? At wich cost?
If you can help me, I take all the information.
Thanks

Marine.

gourav

To be safe and cheaper Get a Third party Insurance that will cost you roughly around $ 30 per month ( depends on your car )

kiwiinkorea

I agree thrid party is cheaper but it only covers cost on damages to other peoples vehicles and property. If you damage your car then you are liable for all costs needed to repair your car. If you're new to NZ then I would suggest a full cover, you can get two kinds
1. Agreed value which is where you pay a flat rate on a certain value
2. Market value is where the market value of your car goes down over time and the cost of your insurance goes down. Personally it all depends on how much you pay for your car. If it's a cheapie then 3rd party is probably best but if its 5k upwards then you'll need to think about the kind of insurance you're going to need. Also age has a bearing. If you're under 25 then your insurance will be more expensive as that age bracket is a large cause of accidents on NZ roads. Another thing is how much excess you are going to pay if you have an accident. This is a fee you must pay before any repair work is carried out on your car.
The two biggest insurers are State and AMI insurance.

pemii

is insurance a must? can i drive without having one?

kiwiinkorea

You can drive without insurance, but if you have an accident and it's your fault and you damage other peoples property/car, you'll be paying for two lots of damages. Repairing bodies of cars in NZ is very expensive and you'll probably be paying 2 or 3 times what your car is worth. So consider that 4-500 bucks will save you thousands if you do have an accident. It's a gamble one way or the other, personally I think 500  a year for total piece of mind, is money well spent.

Articles to help you in your expat project in Auckland

  • Driving in New Zealand
    Driving in New Zealand

    Driving in New Zealand may sound easy, but once you factor in different road rules and the varying terrains and ...

  • Accommodation in Auckland
    Accommodation in Auckland

    Auckland is a beautiful coastal city with mild weather and a diverse population. It's also the biggest city in New ...

  • Working in Auckland
    Working in Auckland

    Being New Zealand's biggest city means that Auckland has the most opportunities for employment but also the ...

  • Studying in Auckland
    Studying in Auckland

    Auckland is a city brimming with university students, both local and international. There are two leading ...

  • Buying property in Auckland
    Buying property in Auckland

    Having a home to call your own is one of the biggest dreams many of us share. While Auckland has its challenges, ...

  • Developing your social circle in Auckland
    Developing your social circle in Auckland

    With 1.65 million people living in Auckland, it's certainly not the biggest city in the world by international ...

  • Popular neighbourhoods in Auckland
    Popular neighbourhoods in Auckland

    Whatever your lifestyle and living preference, you can find a place that suits you in the wide-ranging and diverse ...

  • Student life in Auckland
    Student life in Auckland

    Auckland is a great place to live as an international student. Although it might be a little pricey at times, ...

All of Auckland's guide articles