AMP is one of the most recognised brands in New Zealand, with a history stretching back over 160 years. But if you think you know AMP, it might be time to look again. The company has gone through significant changes over the years, and what AMP Insurance offers today is quite different from its past.
So, who is the "new" AMP? Are they still a major player in insurance? And importantly, should you be considering them for your car insurance, home insurance, contents insurance, and landlord insurance? This review will answer those questions and explain why comparing them is more important than ever.
Key takeaway: AMP provides competitive car, home, contents and landlord insurance policies that are underwritten and supported by Vero, one of NZ's largest insurers. Competitive pricing and policy benefits for certain products makes them a strong contender worth checking out.
Who is AMP Insurance in NZ
The AMP that exists in New Zealand today is quite different from the AMP of the past. It is worth noting that in 2020, AMP sold its life insurance business (AMP Life) to Resolution Life. AMP is today a wealth management provider (well-known for KiwiSaver) and a General Insurance provider. They provide insurance policies you need every day: car, home, contents, and even landlord (rental property) insurance.
So, when you buy a car or home policy from AMP Insurance, who are you actually insured by? Your policy is underwritten by Vero Insurance New Zealand Ltd. Vero is a well known name in the industry, part of the Suncorp Group, which also stands behind brands like AA Insurance and Asteron Life. This means your AMP policy is backed by strong financial strength and a claims network that is one of the largest in the country.
Quashed.co.nz has been comparing AMP car, house, contents and landlord insurance since 2024. Tens of thousands of NZ consumers have since used Market Scan (our market leading comparison tool) to compare their insurance, and many Kiwis have chosen to buy AMP Insurance.
Read on to find out more about AMP Insurance and you can also compare to see if they are the one for you.
What Types of Insurance Does AMP Offer in NZ
AMP offers a full suite of general insurance options, providing Kiwis with familiar choices for their assets.
Comprehensive: The most popular option, covering your car and any damage you cause to others.
Third Party, Fire & Theft: Covers damage to other people's property, plus fire and theft protection for your own car.
Third Party Only: The most basic cover for damage you cause to others.
Protect your house and your belongings against loss and damage.
House insurance offers homeowners peace of mind.
Cover for homeowners and renters to protect your belongings.
Boat Insurance:
Comprehensive cover for your boat, yacht or jet-ski.
Travel Insurance:
From basic to comprehensive cover, choose what's right for you.
AMP Car Insurance
Comprehensive, Third Party, Third Party Fire & Theft covers
Underwritten by Vero Insurance
Insures most vehicle makes and models up to $150,000
Cover available for young drivers (under the age of 25 additional excess may apply)
Excess options: $500, $600, $800, $1,000, $1,200 and $1,700
Add-on benefits offered:
Excess-free windscreen and window glass replacement
Roadside Assistance
Car hire after an event (e.g. accident)
Get an instant online car insurance quote
AMP home & contents insurance
2 levels of cover available: Everyday Plus & Everyday
Underwritten by Vero Insurance
SumExtra available (full replacement cost benefit)
Get an instant online home & contents insurance quote
AMP home insurance
2 levels of cover available: Everyday Plus & Everyday
Underwritten by Vero Insurance
SumExtra available (full replacement cost benefit)
Flexible and accessible cover - Excess options and payment options
Get an instant online home insurance quote
AMP contents insurance
Underwritten by Vero Insurance
2 levels of cover available: Everyday Plus & Everyday
Flexible and accessible cover - Excess options and payment options
Get an instant online contents insurance quote
AMP landlord insurance policy:
Underwritten by Vero Insurance
2 levels of cover available: Everyday Plus & Everyday
Flexible and accessible cover - Excess options and payment options
Get an instant online landlord insurance quote
How Much Does AMP Car Insurance Cost in 2025
Let's take a look at how much AMP Insurance quotes for comprehensive car insurance cover for a 2015 Toyota Corolla and 2020 Toyota Corolla. Their quotes are generated based on:
35 year old male
NZ Full driver licence
No history of accidents in the last five years
Here's how much AMP Car Insurance cost based on quotes for Auckland, Wellington and Christchurch.
2015 Toyota Corolla ($15,000) | $500 excess | $1,000 excess |
|---|---|---|
Auckland | $130.94 month | $112.28 month |
Wellington | $112.62 month | $97.27 month |
Christchurch | $116.95 month | $100.82 month |
Here are the quotes for the 2020 Toyota Corolla using the same profile as above.
2020 Toyota Corolla ($25,000) | $500 excess | $1,000 excess |
|---|---|---|
Auckland | $163.20 month | $138.70 month |
Wellington | $139.15 month | $119.00 month |
Christchurch | $144.80 month | $123.66 month |
→ Get your AMP car insurance quote
How Much Does AMP House Insurance Cost in 2025
Here are quotes for AMP House Insurance for a $700,000 sum insured (rebuild cost) property across Auckland, Wellington and Christchurch.
$700,000 sum insured | $1,000 excess | $2,000 excess |
|---|---|---|
Auckland | $141.62 month | $133.99 month |
Wellington | $159.88 month | $152.55 month |
Christchurch | TBC | TBC |
Here are quotes for AMP House Insurance for a $1,250,000 (rebuild cost) sum insured property across Auckland, Wellington and Christchurch.
$1,200,000 sum insured | $1,000 excess | $2,000 excess |
|---|---|---|
Auckland | $221.63 month | $202.63 month |
Wellington | $241.80 month | $224.70 month |
Christchurch | TBC | TBC |
→ Get your AMP house insurance quote
How Much Does AMP Contents Insurance Cost in 2025
Here are quotes for AMP Contents Insurance for a $50,000 sum insured across Auckland, Wellington and Christchurch.
$50,000 sum insured | $300 excess | $750 excess |
|---|---|---|
Auckland | $54.13 month | $42.47 month |
Wellington | $55.48 month | $45.29 month |
Christchurch | TBC | TBC |
$100,000 sum insured | $300 excess | $750 excess |
|---|---|---|
Auckland | $71.08 month | $54.06 month |
Wellington | $76.82 month | $61.64 month |
Christchurch | TBC | TBC |
AMP Insurance: The Pros and Cons
With the backing of Vero, AMP is a formidable player. They blend a familiar brand name with a powerful, established underwriting engine.
Pros:
Backed by a Giant:
Being underwritten by Vero provides top-tier financial security and access to a vast network of repairers and assessors.
Competitive Pricing:
AMP's premiums are often competitive, sometimes beating other major brands.
Full Range of Cover:
They offer everything from basic third-party to comprehensive cover, suiting different needs and budgets.
Award-Winning Value:
AMP has won Canstar awards for 'Outstanding Value' in Home and Contents insurance, highlighting their strong product offering.
Cons:
Customer Support:
Customers need to be clear that while it is branded AMP Insurance, Vero is the underwriter and supports the sales and service including claims for the policy.
Claims Process:
As with any large insurer, customer experiences during a claim can vary. Your claim is handled by the Vero network, so the experience is not unique to AMP itself.
The Verdict: A Strong Contender in a Crowded Market
The modern AMP is a credible and powerful choice for your car insurance, home insurance, contents insurance and landlord insurance. Their competitive pricing and policy benefits makes them a must-shop insurer to add to your list.
However, no single insurer is the best choice for every single Kiwi. Your price will depend on your specific circumstances, from your age and address to your car model and claims history.
So, Should You Choose AMP? The Smart Way to Decide.
Given their strong backing and competitive pricing, AMP is absolutely a provider you should consider. But you should avoid choosing an insurer without seeing how they stack up against other options in market.
Looking for more?
If you're looking to compare car insurance and other insurance such as home, contents, life insurance and more check out Quashed.co.nz is the first insurance comparison platform of its kind in New Zealand.
It's quick and easy way to compare your car insurance in real-time with us. Whether you’re shopping for a new car policy, or you’re looking to compare your upcoming car insurance renewal, Quashed makes it easy.
It takes less than 3 minutes to shop and compare car insurance online with Quashed. You’ll be shown real-time pricing across a number of different insurance providers, and you get to see how the policy benefits compare across each insurer shown.
You can choose to upload and compare your existing car insurance policy against other options, or you can enter your information once and be served up a number of options without having to repeatedly enter the same information on the different insurers websites.
Let’s face it, no one likes shopping for insurance. But Quashed.co.nz makes it quick and easy, some might even say almost fun. Especially when you’re saving hundreds, sometimes thousands, of dollars.
Further Reading
Here are some great reads we've selected for you:
Comparing Insurance Costs for Cars: Insurance cost differences across the most popular vehicles in NZ
Cheapest vs Best Car Insurance: Striking the balance between price and protection with your car insurance
Car Insurance Quotes Guide: Insider tips to compare and save on insurance
Average Car Insurance Costs in NZ: What Kiwis are paying for car, house and contents insurance
Renewing Car Insurance Tips: A no-fuss guide to your next policy refresh
Tesla and Insurance: The costs of insuring a Tesla car in New Zealand
