What is Payment Protection Insurance?

BMW Payment Protection Insurances covers your monthly financing instalments in the event of unemployment, disability, illness, or death.

How much does BMW car insurance cost?

The cost of BMW car insurance varies greatly depending on various factors, such as the model, age, region, mileage, and individual driver characteristics. Third-party car insurance is the least expensive cover, while partial and comprehensive insurance are more expensive.

Which BMW is cheaper to insure?

In general, smaller, less powerful BMW models are cheaper to insure. They would include the BMW 1 Series, for example. Some 3 Series models can also be comparatively cheap to insure, as well as older BMW models with a low type class.

Are electric vehicles more expensive to insure?

No, electric vehicles are not generally more expensive to insure than vehicles with internal combustion engines. Insurance costs depend on various factors, such as the type, region, no-claims bonus and mileage, and not primarily on the type of drive.

How useful is GAP Insurance?

GAP Insurance is useful for leased or financed vehicles, especially for new or expensive vehicles, as it covers the gap between the replacement value and the residual value of the vehicle (i.e. the leasing or credit amount) in the event of a write-off or theft.

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BMW Insurance and Service.

Tailor-made for you. Fully designed by BMW. One-stop insurance and services, and peace of mind on every journey.

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All in. Simply smart.

We have you covered.

We’re there for you when the unexpected occurs.

Quality and expertise.

Expertise you can rely on for every eventuality.

Peace of mind.

On the safe side on all of life's journeys – because life can’t be planned.

One-stop shop.

Easy and convenient, leaving you more time for what really matters.

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BMW Insurance.

You can‘t predict the unexpected, but you can protect yourself from it. Stay prepared with the right car insurance, Guaranteed Asset Protection, Payment Protection Insurance and Extended Warranty.

BMW Car Insurance.

Protect your BMW with comprehensive coverage from BMW Financial Services. Enjoy peace of mind knowing you're covered for any unexpected events.

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The ideal insurance for your BMW.

BMW Car Insurance offers dependable coverage tailored to your needs. In case your BMW is damaged we ensure repairs in a BMW workshop, adhering to our standards with Original BMW Parts. Enjoy peace of mind knowing your car is in expert hands.

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Fully protected when you need it.

Whether facing unexpected events or accidents where you're responsible, our comprehensive and flex insurance safeguards you against financial claims from others in case of an accident. Enjoy the benefits of knowing you're protected, allowing you to focus on the road ahead.

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Your reliable contact.

We’re there for you in the event of an accident. We’ll support you through the entire process – from the initial report to the final resolution. We’re also your reliable point of contact for any questions about services or your car insurance.

BMW GAP Insurance.

Imagine facing a write-off or theft of your vehicle. BMW Financial Services GAP Insurance steps in to prevent a financial shortfall. It pays off the remaining debt, bridges the gap to your original purchase price, or replaces your vehicle with a similar model.

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Cover your remaining balance.

When your car is written off or stolen, your insurance covers its current value. But your lease or financing agreement still stands. GAP Insurance steps in to cover the difference, ensuring you have no leftover debt.

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Secure your purchase price.

When your BMW faces damage or loss, insurance typically covers only the current market value. GAP Insurance, however, also covers the original purchase price. This means you avoid any financial setback if your BMW is already paid off.

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Stay on the road.

Vehicle Replacement Insurance provides you with a replacement vehicle matching the value of your BMW. The amount covered by the car insurance is settled, and the remaining amount is covered by Vehicle Replacement Insurance.

BMW Payment Protection Insurance.

BMW Payment Protection Insurance kicks in when challenges arise. For example, if you are temporarily unable to work or are laid off from your job. So, your monthly instalments and your budget are reliably protected.

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A plan for the unexpected.

Sometimes life turns out differently to how you had imagined it. Payment Protection Insurance ensures that your instalments nonetheless continue to be paid reliably and on time.

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No financial uncertainty.

We cover your instalments if your income vanishes. Stay in control, even when life shifts.

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Low-risk financing and leasing.

Your current financing or leasing agreement is covered, even if you are temporarily unable to pay.

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Simple cost forecasting.

Your monthly outgoings remain predictable. Even if your situation changes unexpectedly.

BMW Motor Vehicle Insurance.

BMW Motor Vehicle Insurance is specifically designed for BMW, with the same attention to detail given to the creation of a BMW. It provides enhanced protection in case of sudden accidental loss and substantial benefits developed exclusively for you.

What type of insurance is this?

Your policy provides cover for Accidental Loss or damage to Your Vehicle during the Period of Cover, anywhere in New Zealand, including whilst in transit between places in New Zealand.

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What is covered?

Once You have paid the premium amount due, we will cover you during the period of cover subject to the terms, conditions, limitations and exclusions set out in this policy.

Your vehicle cover.

In the event of Your Vehicle suffering Accidental Loss in New Zealand, or while travelling between places in New Zealand, provided it is still within the Period of Cover, find out more about what’s covered.

BMW Tyre & Rim Insurance.

BMW vehicles are fitted with superior, quality tyres and rims. BMW Tyre and Rim Insurance provide for repair or replacement of your vehicle’s tyres, in the event of a puncture, blowout or damage beyond repair by road hazards such as kerbs, potholes or debris. It also provides cover for damage beyond repair to wheel rims as a result of the same hazards.

What this policy covers?

This policy is designed to cover the reasonable cost to repair or replace tyres or wheel rims of the vehicle, described in the Registration Certificate arising from accidental damage as a result of driving hazards that occurs during normal use within New Zealand, subject to the terms, exclusions and limitations of the policy.

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Your cover.

The Policy applies to the Tyres and Wheel Rims fitted to the Vehicle at the time the Policy was purchased, including any Replacement Tyres and Wheel Rims and Run Flat Tyres that are accidently damaged up to the maximum amount.

Policy period.

His Policy covers your Vehicle for a period up to three years from the Date of Commencement.

BMW Mechanical Breakdown Insurance.

Breakdowns can shatter your driving experience. BMW Mechanical Breakdown is a warranty product that protects you from significant repair costs that may arise from the sudden and unforeseen failure of your vehicle. You can rely on only the very best in service standards to get you back on the road.

What is Covered?

This Policy covers Your Vehicle for the reasonable costs of the repair or the replacement of components of Your Vehicle required as a result of it suffering a sudden and unforeseen mechanical or electrical breakdown in New Zealand.

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Roadside Assistance.

Roadside Assistance is included as a benefit noted on your Registration Certificate. This benefit entitles you to automotive breakdown services provided by New Zealand Roadside Assistance Ltd.

Fair Insurance Code.

It is our responsibility to you to act fairly and openly in all our dealings with you, and give you clear information when you make a claim.

Frequently asked questions.

Leasing Instalment Insurance is a type of insurance that covers the monthly lease instalments for a vehicle if the lessee runs into unexpected financial difficulties, for example due to incapacity to work or unemployment. It offers protection against financial difficulties during the term of the lease.

Shortfall GAP Insurance, often simply known as GAP insurance, is an additional type of insurance concluded with vehicle leasing or financing agreements. It covers the so-called “gap” between the replacement value of the vehicle and the outstanding residual value from the leasing or financing agreement if the vehicle is stolen or written off.

More services for your BMW.

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Your local contact.

Your local BMW dealer will help you with any questions about Financial Services. Get in touch without any obligation, and get answers to all your questions about your BMW and financing options in person.

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