Insurance

We have insurance options for customers who take out a loan with Avanti, to help protect your loan and give you peace of mind. Through our partnership with Autosure, we offer competitive pricing and coverage that’s tailored to your needs.

The insurance cover we provide through Autosure will only be offered when it is appropriate and if it is of benefit to you. We follow the Financial Services Federation’s responsible credit-related insurance code.

Payment Protection Insurance

Unexpected events like illness, accidents, or redundancy can make it hard to keep up with loan repayments. Payment Protection Insurance ensures your loan repayments are covered, so you don’t have to worry about what happens if circumstances change.

Why choose payment protection insurance?

  • Protect your credit rating
  • Protect you and your family from financial hardship if the unexpected happens
  • Reduce the risk of repossession if your vehicle is used as security
  • Protect anyone who provided the security for your loan

The policy is clear and easy to understand, and is underwritten by Autosure Insurance Limited.

For the full terms, conditions and benefits, please refer to the policy booklet.

Mechanical Breakdown Insurance

Your car may be running smoothly now, but what if it breaks down? Statistics show people are up to ten times more likely to claim on breakdown insurance than on motor vehicle insurance.

Mechanical breakdown insurance covers unexpected failures of many mechanical and electrical parts (as listed in the schedule of cover). We offer insurance through Autosure, a leading provider of mechanical breakdown insurance.

Why choose mechanical breakdown insurance?

  • Cover for a wide range of mechanical and electrical parts
  • Unlimited claims up to your vehicle’s market value
  • 24/7 breakdown assistance anywhere in New Zealand
  • Protect against rising repair costs

Things you need to know:

  • Vehicles can be up to 18 years old can be covered
  • Vehicles can travel unlimited kilometres during the period of the insurance
  • Includes towing, accommodation and rental-car benefits
  • Claim costs are paid directly to the repairer, so you won’t need to pay them upfront.

For the full terms, conditions and benefits, please refer to the Assist & Assist Plus policy booklet.

Guaranteed Asset Protection Insurance (GAP Insurance)

If you got a loan to buy your vehicle and it’s written off in an accident, your car insurance might not cover what’s left on your loan. GAP Insurance covers the difference between your car insurance payout and the remaining balance on your loan, helping you avoid paying for something you no longer have.

Why choose GAP Insurance?

  • Pay off the remaining balance of your loan if your car insurance doesn’t cover it
  • Protect your credit rating
  • Improve your chances of getting a loan for a replacement vehicle
  • Get back on the road sooner.

For the full terms, conditions and benefits, please refer to the policy booklet.

Talk to your dealer or adviser today
about the right insurance for you.