Why You Should Get Car Insurance NZ
If you are a resident of New Zealand, then you know that you are not required to purchase car insurance even if you are the owner of a vehicle. This may sound like a great way to save cash every month, but do you really think that it is worth the risk? While saving cash by not purchasing car insurance NZ can help save you money, it isn’t worth the hassle of dealing with car repairs on your own.
What Happens If I Wreck?
Being in a car accident can become a difficult experience within seconds. Even a small fender-bender can cause disastrous results. Car repairs can be astronomical, and most repair centers will want their money up-front before they let you drive away with your vehicle. You could easily spend hundreds, if not thousands, of dollars out of pocket if you do not have car insurance NZ on your vehicle. Plus, if you hit another vehicle, you will be responsible for their car repairs, as well.
However, if you do have car insurance, you won’t have to worry about paying for the repairs out of your pocket. While you may have to pay a small deductible, the financial burden will be shifted from you to your insurance company. When you know what to look for, getting car insurance NZ can be inexpensive and hassle-free. There are various features that will be offered to you when you check out different companies, so knowing what to look for is an important part of finding Youi car insurance NZ.
Different Types of Car Insurance NZ
While you may hear a lot of insurance terms thrown around when you start browsing insurance companies, don’t panic. It is actually not as difficult to choose good car insurance NZ as one might think. You’ll want to consider the following when you decide to take the responsible step of finding car insurance for your vehicle:
Comprehensive car insurance is an all-in-one type of car insurance NZ. With comprehensive, you will be covered if you are in an accident fully. Not only will the insurance company cover you if someone hits you, they will also cover any accidents you cause. Repairs will be paid for by the insurance company to the automobile repair shop after you pay an up-front deductible.
Liability or Third-Party
Liability coverage covers any damages that you may incur if you hit another vehicle or personal property while driving your car. You will not be required to pay a deductible with third-party insurance. Liability will not cover your own car, however. This is still a good insurance choice if you don’t have a lot of cash to spare but still want to stay covered in New Zealand.
Most insurance companies are happy to give you a free quote concerning how much car insurance will be on your vehicle. Browse different companies to check their specific plans, rates and amenities. You’ll be offered many additional features as well, such as rental and medical coverage, so be sure to read the fine print before signing your contract for insurance.