The Co-operative Bank Car Insurance

With more than four million cars driving on New Zealand’s roads, car insurance has become a mandatory part of getting from A to B. However, not all insurance policies are created equal. Here, Canstar compares how The Co-operative Bank’s vehicle cover stacks up against other insurers.

What car insurance policies does The Co-operative Bank offer?

The Co-operative Bank offers customers a choice of three car insurance policies: comprehensive, third party, fire and theft, and third party. 

Check out the link below to see how The Co-operative Bank’s policies compare with those from other insurers.

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What’s covered by The Co-operative Bank’s Comprehensive Car Insurance Policy?

The Co-operative Bank’s comprehensive cover includes benefits including:

  • Sum insured or market value
  • Liability cover up to $20m for property, up to $1m for injury to another person
  • Up to $500 for keys and locks
  • Full replacement for new vehicles up to a year old following a total loss
  • Hire vehicle
  • Accommodation costs, up to $500
  • Up to $1000 for road-clearing costs
  • No claims bonus not affected by claims for glass damage
  • 1 Fly Buys point for every $20 spent on your premium

Optional benefits: The Co-operative Bank Roadside Rescue

What’s covered by The Co-operative Bank’s Third Party, Fire & Theft Policy?

The Co-operative Bank’s third party, fire and theft policy offers:

  • Loss of vehicle due to fire and theft
  • Liability cover of up to $1 million for injury to another person
  • $20 million for damage to another person’s property

What’s covered by The Co-operative Bank’s Third Party Policy?

  • Liability cover of up to $1 million for injury to another person
  • $20 million for damage to another person’s property

What makes The Co-operative Bank’s Car Insurance different?

If you hold Asset Care Contents insurance plus Home Care insurance or Vehicle Care insurance with The Co‑operative Bank you can enjoy a package discount:

  • No-claims bonus discount up to 65%
  • Security system discount

About The Co-operative Bank

The Co-operative Bank is a New Zealand bank that is 100% owned by its customers. Founded in 1928, it has operated as The Co-operative Bank since 2011. It offers everything you’d expect from a bank, including accounts, lending, credit cards, insurance, plus great customer satisfaction.

The Co-operative Bank is a two-time winner of Canstar’s Most Satisfied Customers | Banking Award, and has won our award for Most Satisfied Customers | Home Loans every year since 2020.

Car Insurance Awards 2023

Canstar Research
Rating:
Award: Outstanding Value Award

The Co-operative Bank

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Written by: Bruce Pitchers | Last updated: September 26, 2023