| |
|
| Q: |
Is it cheaper to pay for premiums on a monthly basis? |
| A: |
Paying your car insurance premium on a monthly basis may sound cheaper for your monthly budget, but with each monthly bill comes an added administrative fee for the insurance company. This is reflected in the overall cost of your premium. The monthly fee may sound good, but if you add them up, the final cost will be higher than if you choose to pay quarterly or annual. Pay you premiums annually if you can, it will save you money in the long run. |
| |
|
| Q: |
How can I qualify for car insurance with lower premiums? |
| A: |
If you can prove that you were not involved in any traffic accidents in the past and that you have a safe driving record, you could be eligible for lower premiums. There are other ways to reduce your car insurance premiums as well. Visit our save on car insurance section to find out more. |
| |
|
| Q: |
Can my credit history have an impact on whether I receive lower car insurance rates? |
| A: |
The better your credit rating is, the more likely it is that the insurer will offer you lower car insurance premiums. |
| |
|
| Q: |
If I purchase a new motorcycle or car, do I need to inform my auto insurance company? |
| A: |
Yes, if you do not purchase new car insurance at the time of buying the car, your new car will not be covered. If your car is financed, it is often a requirement to carry comprehensive car insurance, or at the very least, third party fire and theft car insurance. |
| |
|
| Q: |
Can I select my own favorite body shop to repair my car in the event of an accident? |
| A: |
Yes, but by doing so, you may be responsible for payment of the repairs. Car insurance companies often have a list of approved body shops where you are allowed to have your car repaired. This is to reduce fraudulent activity. |
| |
|
| Q: |
What will happen if I am involved in an accident with an uninsured driver? |
| A: |
Normally NZ car insurance companies have a clause in the car insurance policy that will cover you in this situation. Check your policy carefully when signing up for insurance coverage. |
| |
|
| Q: |
What items are considered “accessories” in a motor vehicle policy? |
| A: |
Accessories are additions to the car that are not considered to be a necessity for the car to operate. This includes tow bars, car seats, radios, CD’s etc. |
| |
|
| |
If you have other insurance questions that we haven’t answered above, contact an insurance representative using the search form at the top of this page. It’s quick, it’s easy, its anonyms and its free. |
