Vero
Sells three levels of cover under the MotorPlan policy. Its wording names more kinds of excess than any other insurer on this site.
Last checked against Vero's own pages and wording on 2026-09-16
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What cover does Vero sell?
All 3 levels: third party only, third party fire and theft, comprehensive. That is quoted from Vero’s own page, read 2026-09-16. What each level pays for is the same three-way split everywhere; the limits and exclusions are set by the wording.
“With three levels of motor insurance cover — Comprehensive, Third Party, Fire & Theft, and Third Party” — Vero, Car Insurance, read 2026-09-16
What does Vero’s policy wording say?
It publishes something we could read on 6 of the 9 points below: agreed or market value, standard excess, under-25 or inexperienced driver, windscreen and glass, who can drive it, roadside assistance. Each is quoted from its own page or policy document with the date. On the rest the figure is on your own schedule, and you have to ask.
Agreed or market value
Either. An agreed value is reviewed at renewal using market data and usually falls as the car depreciates
“When we renew your policy, we may use market data to review and set your new agreed value. As a result, the agreed value will usually decrease as your vehicle depreciates with age and use.” — Vero, MotorPlan Policy (PDF), Effective 1 December 2025, read 2026-09-16
Standard excess
No standard figure is published. The wording names six kinds of additional excess that can sit on top of it
“Types of additional excesses that could apply … Imposed excess … International excess … Unnamed driver excess … New driver excess … Underage excess … Special excess” — Vero, MotorPlan Policy (PDF), Effective 1 December 2025, read 2026-09-16
Under-25 or inexperienced driver
An underage excess applies to any driver aged under 25 at the time of the accident, but no figure is published. A separate new driver excess applies to a driver over 25 who has held a New Zealand licence for under 12 months
“Underage excess – an additional excess that applies to any driver aged under 25 at the time of the accident.” — Vero, MotorPlan Policy (PDF), Effective 1 December 2025, read 2026-09-16
Windscreen and glass
A repair costs no excess; a replacement costs a $500 excess as standard, and paying that away is an option
“If your windscreen or window glass is repairable, you won't have to pay an excess. • If your windscreen or window glass needs replacing, you'll need to pay a $500 excess.” — Vero, MotorPlan Policy (PDF), Effective 1 December 2025, read 2026-09-16
Who can drive it
Any licensed driver by default. Naming drivers is a voluntary option, and an unnamed driver excess then applies to anyone not on the schedule
“Voluntary named drivers — When this option is noted on the schedule for your vehicle, anyone with a valid driver's licence is covered while driving your vehicle… If your vehicle is driven by anyone not listed on the schedule at the time of a claim, the unnamed driver excess on your schedule will apply” — Vero, MotorPlan Policy (PDF), Effective 1 December 2025, read 2026-09-16
Hire car after a claim
Not checked yet — this insurer publishes no figure we could read
Roadside assistance
Optional, and governed by a separate agreement rather than by the policy
“If you choose this optional benefit we will we'll provide you details in a separate agreement.” — Vero, Car Insurance, read 2026-09-16
Dispute resolution scheme
Not checked yet — this insurer publishes no figure we could read
Underwriter
Not checked yet — this insurer publishes no figure we could read
Worth knowing
Instead of a hire car the MotorPlan wording has an emergency benefit of up to $1,500 for accommodation and transport home
“we'll pay reasonable costs up to $1,500 for accommodation and transport to get you and any of your passengers … to your home.” — Vero, MotorPlan Policy (PDF), read 2026-09-16
Is this a review of Vero?
No. There is no rating, no score and no verdict here, and nothing on this page says whether Vero suits you — nobody here has looked at your situation, and an opinion about which policy a particular person should buy is financial advice. It is a record of what the insurer publishes.
Every list of insurers on this site is in alphabetical order by name. Nothing is ordered by whether an insurer pays us, and no insurer can pay to change its position, its facts or whether it appears at all.
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Sources
Read on 2026-09-16. If a source and this page disagree, the source is right.