Broker-distributed
NZI
The other big broker-distributed insurer — IAG-owned, the broker-channel sibling of State and AMI.
- Distribution
- Broker-distributed
- Years in NZ
- Since 1859
- Cover types offered
- 3
- Region availability
- Nationwide
- Indicative premium
- Broker-quoted; pricing similar shape to Vero
Editorial
What NZI is, in plain English
NZI is IAG's broker-distributed insurer, sitting in the same group as State and AMI but reaching customers exclusively through brokers. Like Vero, NZI is the right answer when your situation is unusual — high-value vehicles, classic cars, fleets, or anything where a direct insurer's underwriting algorithm says no. The broker takes a fee, but they also do the legwork of finding the cover and managing claims. For straightforward private cars, going direct is usually cheaper.
Good at
- Agreed-value cover on classic and high-value cars
- Commercial and fleet cover
- Working with brokers who know NZI's underwriting preferences
Not so good at
- No direct online channel
- Vanilla private-car cover is rarely the cheapest option through NZI
Cover types NZI offers
The shapes of cover available, in order of premium.
Comprehensive cover
$70–$160/mo on a 2018-ish hatch, mid-30s driver, mid-loading regionThe full one. Pays for damage to your car, their car, and almost everything else. Highest premium, broadest cover.
Third-party property
$25–$70/mo on a typical carThe minimum. Pays for damage to other people's cars and property if you cause a crash. Nothing else.
Third-party fire & theft
$45–$110/mo on a typical carPays for damage to other cars, plus theft and fire of yours. Doesn't pay for crashes you cause to your own car.