Compare NZ's Top Buildings Insurance Providers
Side-by-Side Comparison
All 6 major NZ buildings insurance providers compared on the metrics that matter.
| Provider | Rating | Best For | Premium Range | Excess From | Online Quote | NZ Owned | EQC |
|---|---|---|---|---|---|---|---|
AMI Insurance Excellent service | 4.5 | Family Homes | $800–$2,000/yr | $500 | |||
State Insurance Good service | 4.3 | First-Home Buyers | $850–$1,900/yr | $500 | |||
Tower Insurance Excellent service | 4.4 | NZ-Owned Choice | $750–$1,800/yr | $500 | |||
AA Insurance Very Good service | 4.2 | AA Members | $700–$1,900/yr | $500 | |||
Vero Insurance Good service | 4.1 | Commercial Buildings | $900–$2,500/yr | $750 | |||
NZI Very Good service | 4.3 | High-Value Properties | $1,000–$3,000/yr | $750 |
AMI Insurance
Family HomesOnline Quote
NZ Owned
EQC
State Insurance
First-Home BuyersOnline Quote
NZ Owned
EQC
Tower Insurance
NZ-Owned ChoiceOnline Quote
NZ Owned
EQC
AA Insurance
AA MembersOnline Quote
NZ Owned
EQC
Vero Insurance
Commercial BuildingsOnline Quote
NZ Owned
EQC
NZI
High-Value PropertiesOnline Quote
NZ Owned
EQC
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Coverage Features Matrix
See exactly what each provider covers — so you can make an informed choice.
| Feature | AMI | State | Tower | AA | Vero | NZI |
|---|---|---|---|---|---|---|
Full Replacement New for old replacement cover | ||||||
Agreed Value Fixed sum insured | ||||||
Natural Disaster Earthquake, flood, landslide cover | ||||||
EQC Integration Works with EQC claims | ||||||
Temporary Accommodation Living expenses if uninhabitable | ||||||
Landlord Protection Tenant damage & loss of rent | ||||||
Body Corporate Unit title building cover | ||||||
Gradual Damage Gradual deterioration cover | ||||||
Retaining Walls Retaining wall damage | ||||||
Swimming Pools Pool structure cover | ||||||
Legal Costs Legal liability included | ||||||
| Features Covered | 10/11 | 10/11 | 9/11 | 9/11 | 11/11 | 10/11 |
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Premium Ranges by Property Type
Indicative annual premiums based on property type. Actual quotes may vary.
Apartment/Unit
$400–$800/yr
Annual premium estimate
Standard 3-bed home
$800–$1,500/yr
Annual premium estimate
Family home 4-bed+
$1,200–$2,000/yr
Annual premium estimate
High-value home
$1,800–$3,500/yr
Annual premium estimate
Commercial building
$2,500–$5,000+/yr
Annual premium estimate
Rental property
$600–$1,200/yr
Annual premium estimate
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How to Choose the Right Provider
Key Considerations
- Property value: Ensure sum insured matches replacement cost
- Location: Consider earthquake risk and natural disaster zones
- Age of building: Older homes may have higher premiums
- Construction type: Material and build quality affect rates
- EQC cover: Check how it integrates with your provider
Red Flags to Avoid
- Underinsurance: If sum insured is less than 80% of replacement cost
- Vague exclusions: Look for clear coverage terms
- No online access: Claims management should be easy to track
- Poor customer reviews: Check claims handling reputation
- Hidden excess fees: Ensure all fees are transparent upfront
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