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Trade Me Insurance car insurance

Get a 15% discount on your car insurance if you are an existing Trade Me member.

Trade Me Insurance
Finder Award - car insurance logo

Best Rated Car Insurance Brand

★★★★★ – Voted best car insurance brand by consumers in the Finder Car Insurance Awards 2021.

Getting car insurance from Trade Me Insurance means that you can cut through the clutter and find what you need without any fancy jargon or confusing terms that you don’t understand. Trade Me Insurance policies can be bought online, and claims are stress-free, with a no claims bonus offered to careful drivers. If you’re already a Trade Me member, you can take advantage of a 15% discount on your car insurance policy, and there are optional extras for a tailor-made policy to suit your needs.

Trade Me Insurance – key facts

  • Trade Me Insurance is underwritten by Tower Insurance, which has a financial strength rating of A- (Excellent).
  • Trade Me Insurance was launched in 2015. It does not have branches open to customers, but it does have a customer care line available by phone between 8am to 7pm on weekdays and between 9 am to 6 pm on Saturdays. Live chat is also available during these times as well as on Sundays from 9 am to 5 pm.
  • Trade Me Insurance also offers house and contents insurance and landlord’s insurance.
Finder NZ does not currently have access to this car insurance brand. Please review the policy details, application criteria and terms and conditions on the brand’s website if you consider applying for this policy.

What cover options does Trade Me Insurance offer?

Trade Me Insurance car insurance offers three types of cover. A comprehensive policy for peace of mind when unexpected events occur, a policy for third-party, fire and theft, and a third-party option for damage you cause to other cars or property.

Name Product Legal Liability Agreed or Market Value Accidental Damage Roadside Assistance
Trade Me Insurance Comprehensive Car Insurance
$20,000,000
Agreed
Yes
Optional
15% discount for Trade Me members plus a multi-policy discount of up to 20%. Only one excess to pay for one event.
Trade Me Insurance Third Party Fire and Theft Car Insurance
$20,000,000
Market
Fire and Theft only
Optional
15% discount for Trade Me members plus a multi-policy discount of up to 20%. Only one excess to pay for one event.
Trade Me Insurance Third Party Car Insurance
$20,000,000
Neither
No
Optional
15% discount for Trade Me members plus a multi-policy discount of up to 20%.
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Trade Me Insurance comprehensive insurance policy covers you for accidental damage to other cars as well as your own.

The policy includes the following benefits:

  • Cover for your car for accidental loss or damage
  • Replacement car cover (limited to 14 days)
  • Liability cover of $20 million, if you damage another person’s car or property while driving your vehicle
  • Your excess is waived if you identify the person who is at fault and Trade Me Insurance is happy they are over 50% to blame
  • One event, one excess
  • Fire and theft cover
  • Lifetime guarantee on repairs made through recommended repairers for as long as you own the car
  • Towing and storage costs
  • Completion of your journey up to $500, including travel and accommodation
  • Natural disaster damage
  • No excess if your vehicle is stolen from a locked garage
  • No claims bonus
  • Optional rental vehicle cover and roadside breakdown service

Trade Me Insurance third party fire and theft policy offers good protection if you accidentally cause damage to another person’s car or property. If you’re involved in a crash, our own vehicle isn’t covered, but it is for fire and theft.

The following benefits are included when you choose this policy:

  • Liability cover of $20 million, if you damage another person’s car or property while driving your vehicle
  • Up to $5,000 for legal defence costs
  • Fire and theft cover
  • No claims bonus
  • Lifetime guarantee on repairs made through recommended repairers for as long as you own the car
  • Towing and storage costs
  • One event, one excess
  • No excess if your vehicle is stolen from a locked garage
  • Optional rental vehicle cover and roadside breakdown service

If you are looking for a basic policy, Trade Me Insurance third party policy may be right for you. It covers damage to another person’s car and property, but not to your own car.

You will get the following benefits when choosing this policy:

  • Liability cover up to $20 million, if you damage another person’s car or property while driving your vehicle
  • Up to $5,000 for legal defence costs
  • No claims bonus
  • Optional roadside breakdown service

What is excluded by Trade Me Insurance?

Every insurer has different exclusions to car insurance policies. Trade Me Insurance policy exclusions include the following:

  • Loss, damage or liability caused by an unlicensed driver or a driver under the influence of drugs or alcohol
  • Depreciation or wear and tear
  • Your vehicle not being used for the purpose for which it is meant
  • Loss or damage to accessories or modifications unless covered under the optional benefit for Accessories and modifications
  • Failure or breakdown of vehicle parts such as the engine, transmission or cooling system
  • Legal confiscation
  • Tyres, unless the damage occurs at the same time that other harm is caused to your vehicle

A full list of exclusions can be found in your policy wording document.

How much excess will I pay?

Trade Me Insurance gives flexibility when it comes to how much excess you pay. You can choose your desired amount ranging from $400-$1,000 when completing a quote online: the higher your excess, the lower your premiums.

There may be additional excesses to pay for situations where a younger driver uses your car or if the driver has a foreign driver’s licence. However, you won’t be required to pay an excess in some cases, for example:

  • If you choose the windscreen and glass optional extra
  • You are in an accident and can prove that it was the other driver’s fault
  • Your car is stolen from a locked garage.

How to save on your Trade Me Insurance car insurance policy

Trade Me Insurance has three ways that you can keep your monthly premiums as low as possible.

  • Discount for members. All Trade Me members get a 15% discount on their car insurance.
  • Consider optional extras. While certain people may require optional extras, you need to consider if you require these as they are an additional cost.
  • Choose a higher excess. Choosing a higher excess means that your premium is lower.

How do I make a claim?

Once you purchase an insurance policy from Trade Me Insurance, you have access to an online account. From here, you can claim by completing a claims lodgement form. Alternatively, you can call 0800 950145 or use Live Chat to make a car insurance claim.

You may be asked for additional details such as a written statement, but you are informed about what is needed once you start the claims process.

Other benefits of Trade Me Insurance

You can add on these optional extras to your policy:

  • RoadWise Assistance. Get up to three call-outs a year if you happen to break down.
  • Windscreen and glass. Cover for loss to your windscreen or window glass without having to pay an excess. This optional benefit does not cover sunroofs. Any claim for a sunroof would need you to pay an excess.
  • Accessories and modifications. Cover for modifications that you have added to your vehicle as well as accessories.
  • Rental vehicle. A payment of $1,000 (Comprehensive cover) or $750 (Third Party Fire and Theft cover) for the use of a rental vehicle following a loss that is covered under your policy.

FAQs

Trade Me Insurance is hassle-free, with the option to manage everything online through your account. The 15% discount offered to Trade Me members is a great perk, and you can choose the level of cover that suits you.

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