Westpac Car Insurance

Westpac's journey began in 1861. Today, over 1.5 million Kiwis trust them with their banking needs.

Originally known as The Bank of New South Wales, the financial institution changed its name in 1982 to become Westpac New Zealand Limited.

With a prominent presence in the country, it caters to a wide range of customers, from individuals to large organisations and even the local Government.

Discover a wealth of services and expertise at this major bank

Boasting a vast network of over 200 branches and close to 500 ATMs, this major bank offers a comprehensive suite of banking and financial services. With a significant portion of New Zealanders choosing this institution, their extensive expertise guides customers from their initial account opening to retirement planning.

A bank’s dedication to the community and environmental initiatives

Westpac not only excels in the financial industry but also takes great pride in its commitment to making a positive impact in various areas. Westpac has collaborated with the NZ Landcare Trust to enhance waterways and promote water safety, exhibiting their dedication to environmental conservation through initiatives like Rescue Rashies.

Furthermore, Westpac has established a partnership with BLAKE to raise awareness about environmental issues. This collaboration not only highlights their concern for the planet but also demonstrates their commitment to creating a sustainable future.

It’s worth noting that Westpac's commitment to social responsibility extends beyond environmental conservation. They’ve also developed specialised banking services to cater to the needs of individuals living with dementia. This demonstrates their dedication to inclusivity and providing personalised solutions for all customers.

Westpac's diverse and expert executive team

Behind the success of Westpac lies a strong executive team, each member bringing diverse backgrounds and expertise to the table. Their collective knowledge and leadership are instrumental in driving the bank's operations in personal, business, agribusiness, and institutional banking. By prioritising the delivery of high-quality services, Westpac ensures that customers' needs are met at every level.

At Westpac, their purpose, values, and behaviours serve as guiding principles. These principles provide them with direction, clarity, and a sense of what they value most. The purpose they embody is "creating better futures together," representing their identity, actions, and the reason they show up to work every day.

Their values, summarised by the acronym help (helpful, ethical, leading change, performing, and simple), define their core beliefs, shape their conduct, and assist them in fulfilling their purpose.

Beneath each value, their behaviours come into play, manifesting their values through their thoughts and actions daily. Mutual accountability for behaviours, including their three key 'superpowers'—working together for customers, offering constructive challenge, and being accountable to get things done—is crucial for all members of the organisation.

Westpac offers three levels of cover to choose from, each with its own unique benefits and features.

When it comes to car insurance, Westpac offers a range of options to suit different needs and budgets. Let's take a closer look at what each policy covers, as well as the additional benefits and savings opportunities available.

1. Full cover

This policy provides extensive coverage, including accidental damage to your own vehicle, as well as damage to someone else's vehicle or property. It also offers a range of great benefits to give you peace of mind.

2. Third-party, fire and theft

This policy protects you against damage to someone else's vehicle or property while driving, and it also covers your own vehicle in case of fire or theft.

3. Third party only

For those seeking basic cover, this policy covers damage to someone else's vehicle or property caused by you while driving your car.

Features and benefits offered by Westpac's car insurance

Agreed value

Both you and Westpac agree on the sum insured value of your car, ensuring you receive a predetermined amount in the event of a total loss.

Liability cover

Covers up to $100,000 for injury to another person and up to $20 million for damage to another person's property.

Flexible excess options for every driver

When it comes to Westpac’s car insurance, this financial institution offers the flexibility to choose your excess based on your age and driving experience. For drivers over 25 years, the excess starts from $400. For those aged 21–24 years, the excess is $850, while for drivers under 21 years, it’s $1,100.

Individuals who’ve not held a valid NZ driver's license for the last 12 months also have an excess of $1,100. Westpac aims to provide insurance options that cater for your unique needs and circumstances.

Additional benefits

Depending on the insurance provider and policy, there may be additional benefits such as innocent party protection, coverage for rental cars, vehicle breakdown service, travel and accommodation expenses, towing and transport coverage, and coverage for keys and locks.

Various ways to reduce premiums

Opting for a higher excess can lead to potential savings of up to $100 annually. Another possibility is excluding drivers under 25 years old from the policy, which can result in lower premiums.

Insuring the home you reside in with this bank's home cover may qualify you for reduced premiums. A no-claims bonus of up to 64% is offered if you haven't made any claims, rewarding your claim-free years. These options enable you to personalise your Westpac car insurance coverage and potentially decrease expenses.