Protecting your stuff is a big deal, whether you’re a homeowner or renting. With so many contents insurance options out there, it’s easy to feel overwhelmed. In this blog, we’ll help you compare policies to find the cheapest and best options, so you can get the right coverage without the stress.
Understanding contents insurance in NZ
Contents insurance is a kind of cover that keeps your personal items safe from surprises like theft, fire, or natural disasters, and the specific items covered will depend on the type of cover you choose. It’s a great way to protect yourself and think about contents insurance in your daily life.
It is different from house insurance, which only protects the physical building of your home. With contents insurance, things like furniture, electronics, and clothes are covered. This gives you peace of mind knowing that if something goes wrong, you are protected.
When picking a policy, think about your life, the risks you face, including the natural disaster risk, and the value of your things. If you stay in a place that often has natural disasters, seeking insurance advice and understanding full details of policy coverage in a full plan might offer better safety when disaster strikes.
Want to understand your coverage options better? Read our blog Your Complete Guide To Contents Insurance.
Why compare contents insurance policies?
It’s important to protect our things – from that favourite couch to the cricket bat we use for backyard games. Comparing contents insurance options helps you make sense of all the insurance jargon and understand what’s actually covered. This way, you can be sure your precious belongings are safe when you need to make a claim – whether it’s due to theft, fire, or one of those wild storms we sometimes get.
Comparing contents insurance is more than just ticking a box – it helps you get the best deal and find coverage that suits you. Here’s why it matters:
Save money: By comparing, you can spot plans that give you the same cover but at a lower price.
Coverage that fits you: Every home is different. Comparison tools such as Quashed help you find plans with the extras you need – like covering accidental damage or the things you take out and about.
Know exactly what you’re getting: Using comparison tools makes it clear what each plan covers, what the limits are, what excess you’ll have to pay, and what’s not included. It’s all about understanding what you’re buying.
What should I look for when comparing policies?
When you look for the best contents insurance in NZ, keep these key features in mind:
Coverage level: What does the policy protect? Does it cover natural disasters, accidental damage, and theft? Make sure it meets your needs.
Premium costs: The cheapest contents insurance NZ may not give you enough cover for your things. Look for a mix of good price and safety.
Excess: This is the amount you pay when you make a claim. Policies with a higher excess can have lower monthly payments, but they may cost more when you need to claim.
Financial strength: An insurer's financial stability is crucial for its ability to pay claims. Standard & Poor's provides financial strength ratings for insurers operating in New Zealand.
Finding the right contents insurance can feel stressful, but Quashed makes it easy. Once you sign up, we help you explore different policies, coverage options, and prices—all in one place, in real time. We simplify the process so you can find a policy that fits your needs and budget. Plus, there are some big differences between us and others.
How can I save on contents insurance?
Want to pay less for your insurance while still having good coverage? Here are some tips to help you find the cheapest contents insurance without losing quality.
Increase your excess: A higher excess can lower your premiums. Choose an amount you’re comfortable paying if you need to make a claim.
Add security features: Putting in burglar alarms, smoke detectors, or security cameras can reduce your risk. This often leads to cheaper premiums from insurers.
Combine policies: When you compare house and contents insurance NZ, think about bundling it with car insurance or other coverage. This can usually save you a lot.
Shop around Often: The best policy now may not be the same next year. Use contents insurance comparison NZ tools like Quashed to check if you can find better rates or coverage.
Wondering what insurance really costs in New Zealand? Check out our blog The Average Cost of Car, House and Contents Insurance in New Zealand.
The average Kiwi household can save
$2,023.79 a year by shopping their insurance!
Find out how your renewal prices stack up against other options out there!
Additional coverage options worth considering
Kiwi homes are special, and they come with some risks, like earthquake risk from the Earthquake Commission. If you enjoy camping or surfing, it’s smart to get insurance for your portable belongings. This way, you are covered no matter where you go. Depending on what you need, you may want to add extra features to your contents insurance NZ policy. Some popular add-ons are:
Accidental damage: This covers accidents like spilling red wine on your carpet or dropping something important.
Portable possessions: This includes items you take outside, like laptops, mobile phones, and cameras.
Special Items coverage: You can list valuable things, like jewelry, watches, or artwork, for better protection.
Shop smarter with Quashed
Insurance just got way easier with Quashed. Compare, shop and track all your insurance in one place.
Wrapping it up
Finding the right contents insurance in New Zealand can be challenging, especially in high-risk areas. However, tools like Quashed's Market Scan really simplifies the process. With Market Scan, you can quickly compare policies from various insurers, gaining immediate insights into costs and coverage. This enables you to make informed decisions swiftly, ensuring you secure the protection you need at a price that fits your budget.
Market Scan quotes are direct from insurers
So you won’t pay more with Quashed
FAQs
What is the average cost of contents insurance in NZ?
As of the third quarter of 2024, the average annual cost of contents insurance in New Zealand is approximately $844, equating to about $70 per month. This represents an 11.5% increase from the previous year.
Can renters get contents insurance in NZ?
Yes, renters can and should get contents insurance NZ. Your landlord's insurance doesn't cover your personal items, so having your own policy is essential to protect against theft or damage.
Is it worth bundling home and contents insurance?
Yes, bundling home and contents insurance NZ can save you money. Many providers offer discounts when multiple policies are held with them, such as combining house, car, and contents insurance. However, there are some caveats.
How do I choose the best contents insurance provider?
To choose the best provider, start by comparing different house and contents insurance comparison NZ options online. Look for reviews, the levels of coverage offered, and premium costs that fit your budget.
What isn’t covered by contents insurance?
Typically, contents insurance NZ won’t cover general wear and tear, damage caused by pets, or situations where you haven’t secured your home properly (e.g., leaving doors or windows unlocked). Always read your policy thoroughly to know the exclusions.
