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Automotive Insurance
Protecting your asset is important to us

Automotive Insurance
Protecting your asset is important to us

It doesn’t cost anything to explore your vehicle insurance options, and if it’s options you’re looking for then you’ve come to the right place. Our team of experienced in-house insurance specialists are here to ensure your new vehicle is insured from the moment you sign on the dotted line. With a huge range of providers accessible through the Miles Group, rest assured knowing we can establish insurance coverage that suits your lifestyle. Read more about different ways we can insure your new vehicle.

Continue reading to discover more abut Miles Group’s insurance providers, learn more about vehicle insurance, or make an enquiry.

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The Miles Group Difference

We know time is money and that communication is key.

The motor vehicle industry is busy and we’re accustomed to constant changes, which gives us the ability to think fast and get the job done quickly. Constant communications with distributor and third party providers allows us to establish competitive insurance quotations, fast.

Our insurance is adaptable to your situation.

With relationships among 18 vehicle brands and many third party providers, the Miles Group can act as a super broker for your next vehicle insurance cover. Let us know how you would like to do business and our specialists will do their best to make this happen.

We’re associated with industry leading providers.

Being the official representatives of 18 motor vehicle brands, Miles Group is likely to produce a manufacturer-specific insurance solution for your new vehicle. No matter the make or model, our specialist insurance representatives will be sure to share with you the benefits of insuring your new asset with dedicated vehicle industry leaders.

Explore these additional protection options – for increased peace of mind.

Guaranteed Asset Protection

A Guaranteed Asset Protection (GAP) policy covers part of the difference (the ‘gap’) between your comprehensive insurer’s total loss payout and the remaining balance on your credit contract. This difference is known as a loan equity shortfall.

GAP can only be purchased alongside a credit contract (see our finance options), and in the event of a total loss, that credit contract must still be active.

The vehicle must be comprehensively insured. The contract term is a maximum of 60 months or the length of the original credit contract, and it can only be taken out at the time of vehicle sale.

Additional Benefits of GAP Cover

Additional benefits of GAP insurance may include:

Cover for out-of-pocket expenses, up to a maximum of $300.
Cover to hire a substitute vehicle for up to five days, at a maximum of $150 per day.
Cover for amounts advanced under your loan for negative equity arrangements, up to a maximum of $1,000.
Cover for unpaid comprehensive insurance premiums, up to a maximum of $1,000.
Cover for your total loss claim excess under a comprehensive insurance policy.
Cover for replacement vehicle expenses such as on-road costs, delivery charges, registration, and purchase deposit, up to a maximum of $2,000, plus the first year’s comprehensive insurance premium for your replacement vehicle.

*Included benefits are assessed on an individual basis, and not every benefit may be appropriate for your situation. Refer to your policy provider for more information.

Example of GAP Cover

Simon has an accident in his vehicle, and his comprehensive insurer deems it a total loss. The insurer pays out to the financier, but Simon is left with a $5,000 outstanding balance on his credit contract, which he must pay immediately. If Simon had GAP cover, it would pay the outstanding amount (less the comprehensive insurance premium and the original GAP cover premium), potentially saving him thousands.

*Fictitious example only. Other deductions may apply depending on the status of the individual credit contract.

Payment Protection Insurance

Payment Protection Insurance (PPI) is a policy that covers the policyholder’s monthly installments on their credit contract if they experience an insured event. Cover options are tailored to the policyholder’s source of income at the time of entering into the credit contract, and benefits are paid directly to the financier. In the unfortunate event of death, PPI also covers the outstanding balance on the loan.

The main risk of having finance is experiencing something that affects your ability to earn an income. PPI protects you, your family, and your credit rating if the worst happens. With only a minimal stand-down period and generous cover for up to 60 months, PPI truly supports you when you need it most.

What cover options are available?

Self-Employed Cover
Insured Events: Death, Accident, Illness, Business Interruption, and Bankruptcy

Wage & Salary Earner Cover
Insured Events: Death, Accident, Illness, Bankruptcy, and Redundancy

Retiree & Beneficiary Cover
Insured Events: Death, Bankruptcy, Permanent Total Disablement, Hospitalisation, and Bed Care

Key Features and Benefits

Some key features and benefits of having PPI are:

No medical examination required to purchase a policy
Pre-existing medical conditions covered if no treatment or advice was received in the 6 months prior to policy start date
Benefits are paid directly to your financier in relation to your credit contract
Benefits continue until the end of your credit contract
Peace of mind for the unexpected
Low-cost, one-off premium
Helps protect household income for other purposes
Helps protect your credit rating
In the event of death, your family or estate will not have to deal with the debt or possible repossession
Accident & illness benefits paid from day one (if lasting more than 7 days)
Redundancy benefits paid from day one (if redundancy lasts more than 30 days)
Redundancy benefit available for up to 12 months
10-day cooling-off period

If you are interested in finding out more about additional protection options and how it can apply to your vehicle purchase, please complete our enquiry form and one of our specialists will be in touch with you.

Please note that when considering any insurance policy we recommend that you seek independent insurance and/or legal advice. All rates and fees for any associate providers are available upon request.

We’re a team of highly trained automotive experts and leaders in the New Zealand industry. We pride ourselves on quality work, excellent craftsmanship, and customer service that goes above and beyond.

Enquiry Form

Further terms, conditions, and information about lending rates and fees from our lenders can be found here. Miles Group collects personal information about you in order to facilitate your enquiry and for other purposes otherwise set out in our Privacy Policy here.

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