Car Insurance NZ
Car Insurance is mandatory in many countries. If you’re caught driving without car insurance, you can face heavy fines and/or arrest. It all depends on the country, though. The first question you probably have is, “Is car insurance mandatory by law in New Zealand?” The short answer is that car insurance NZ ISN’T mandatory by law. You won’t get a fine or arrested if you don’t have car insurance. That being said, there are some good reasons that you need to purchase car insurance NZ.
Reasons to get car insurance NZ
1. For other motorists: If you wreck in New Zealand and don’t have car insurance NZ, then you’re going to be paying out of pocket for damages to the other vehicle AND your own vehicle. Imagine causing $30,000 worth of damages and having nothing to pay for it.
2. For yourself: Once again, Youi insurance NZ pays for the damages to your car if you get the right package. If you have that package, you will pay minimal out of pocket expenses or none at all.
3. Peace of mind: When you’re driving, it’s nice to know that you have car insurance NZ on your side. In the event of an accident, you know you’ll be able to take care of the other person’s car (if it’s your fault) and your own car. There’s nothing quite like that peace of mind.
How to get car insurance NZ
You’ll need a valid driver’s license to apply for car insurance NZ. Once you’ve got that, you’ll need to apply. Your vehicle registration fees need to be paid before you apply. This is a fee you pay annually that takes care of your car taxes and registration. It means you’re legally registered and can buy car insurance.
Car insurance costs about $350 NZD. This is a fair price for car insurance compared to the rest of the world. Once you’ve determined to get car insurance, make sure that you apply for quotes first to shop around. Sometimes you can get a lower rate than this and sometimes a company will try to charge you more than this. It’s up to you to shop around and make good purchase decisions about car insurance. If you don’t, it’s your own fault.
You’ll feel a lot better once you’ve got car insurance. Many people take a chance and drive without insurance there, only to find themselves in an accident that affects their finances for the rest of their life. Don’t wait until it’s too late. Apply for quotes!