What your premium goes towards
When you choose us, you're getting an insurer with a proven response to natural disasters and networks that deliver quality repairs and replacements. Your premiums go towards the cost of replacing and repairing your property and belongings should something happen, and we're committed to being there for you when you need us most. You might be surprised to learn that only part of the price you pay goes to State. Some of your premium is paid to the New Zealand Government in the form of levies and tax.
Factors that may cause a change in Home and Contents insurance premiums from year to year:
Cost to repair or replace your home or belongings.
Risk of natural disasters and climate change.
Government taxes and levies.
More or less claims of a specific nature.
Specific home features or items you choose to insure.
The cost of doing business.
How and why premiums are calculated each year
Insurance premiums are reviewed and calculated each year to account for any changes to the cost of providing cover. These reviews ensure you pay a fair and sustainable price for your insurance, so we can be there for you now - and into the future.
Ways to reduce your premiums.
Protecting your property is important, so if you're feeling stretched, there are ways to lower your premium while staying insured.
Insure your belongings for the right amount
It’s important to make sure you have the right level of cover for your contents. Our contents calculator can help you get a more accurate estimate for your sum insured.
Insure your house for the right amount
Knowing the total cost to rebuild your home is important. To help you get a more accurate sum insured, check your sum insured amount with our home building calculator.
Car insurance premiums
There’s a lot that goes into calculating car insurance premiums, so we’ve put together an overview to help you understand what you’re paying for.