Things to know about car insurance

Buying a car is an exciting time. Getting the right car insurance is one of the steps you need to take to be able to drive it away with confidence.


Setting off on the right road

Before you buy a car and think about insurance, it’s a good idea to organise a pre-purchase inspection, check there’s no money owing on it and make sure the seller is the real owner.

Once you've decided on the car you want, it's wise to protect yourself with car insurance.


Getting the right insurance

Whether you're buying with a pre-approved car loan or you’ve already purchased the vehicle, it’s a good idea to have car insurance from the moment you drive it away.

There are three types of ASB car insurance, so you can choose the level of cover to suit your budget and needs:

  • Full cover - is our most comprehensive option protecting you from loss or damage to your vehicle. It also provides protection against liability for accidental loss or damage to property or injury you may cause.
  • Third Party, Fire and Theft - protects you against liability for accidental loss or damage to property or injury you may cause, as well as covering your car for loss from fire or theft. It also provides protection against uninsured drivers up to a maximum of $3,000.
  • Third Party Only - a good option if you have a limited budget, or you don't think your car is worth protecting under a Full cover policy. It gives you protection against liability for accidental loss or damage to property or injury you might cause. It also provides protection against uninsured drivers up to a maximum of $3,000.

If you decide on Full cover or Third Party, Fire and Theft, you will agree on the value of your car with us. 'Agreed value' gives you certainty about the sum you will receive if your car is deemed to be a total loss.


Getting more with your car insurance

Save money with discounts

Your ASB car insurance can be even better value thanks to a number of discounts you could be eligible for:

  • Up to 65% claim-free discount
  • Discount for a professionally installed security system
  • A Package Discount when you have two or more home, contents or car insurance policies with ASB
  • Higher package discount if you are over 55 years old
  • A discount if you exclude drivers under 25 years old from your policy (other than you or your partner)

Have peace of mind with Roadside Rescue

Add Roadside Rescue to your ASB car insurance, and from $40 per year, it’s good to know you have up to five call-outs for various motoring mishaps, including break downs, keys locked inside the car, a flat battery, emergency fuel and flat tyres.

If you choose to pay by fortnightly or monthly instalments, your Roadside Rescue premiums will be slightly higher, up to a maximum of an additional $4 per year.

Receive the right level of cover

To make sure you are covered at all times, you need to let us know if any changes are required to your policy. These changes include:

  • When your home address changes
  • When you want to change the main driver of the vehicle or type of policy you have, for example to change from Third Party Only to Full Cover
  • When you modify the car away from the manufacturer's original specifications - especially when those affect the appearance or performance of the vehicle, such as adding a performance exhaust pipe

Let's talk about car, boat or other vehicle insurance

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Talk to us about what you'd like to insure and we'll get you sorted.

0800 200 252

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Other helpful guides

The availability of insurance cover is subject to your application being approved. Terms, conditions and exclusions apply. The insurance premium discounts do not apply to GST or Government levies. For full details, refer to the policy document which is available from ASB Bank Limited. This insurance is underwritten by IAG New Zealand Limited. See further information regarding IAG's financial strength rating.

Car, boat and other vehicle insurance Things to know about car insurance