Agreed Value vs Market Value — NZ Motor Insurers
Which NZ insurers offer agreed-value cover, which default to market value, and what each means at total loss.
Last refreshed 2026-05-20
What this topic covers
Agreed value: the insurer agrees a payout amount upfront, regardless of market value at claim time. Market value: payout is based on the vehicle's value at total loss. Agreed value typically costs more in premium but removes total-loss uncertainty.
How each NZ motor insurer handles agreed vs market value
Cells marked "Not on file" mean the verbatim policy-wording fact hasn't been extracted yet — we're currently ingesting NZ motor wordings (Phase B-full). Once landed, each cell will cite the source PDF clause directly. View provider profiles →
| Provider | Agreed value available | Market value default | Total-loss payout basis | Sum-insured-increases |
|---|---|---|---|---|
 AA Insurance | Not on file | Not on file | Not on file | Not on file |
 AMI Insurance | Not on file | Not on file | Not on file | Not on file |
 Cove Insurance | Not on file | Not on file | Not on file | Not on file |
 FMG | Not on file | Not on file | Not on file | Not on file |
 Initio | Not on file | Not on file | Not on file | Not on file |
 NZI | Not on file | Not on file | Not on file | Not on file |
 Protecta Insurance | Not on file | Not on file | Not on file | Not on file |
 Star Insure | Not on file | Not on file | Not on file | Not on file |
 State Insurance | Not on file | Not on file | Not on file | Not on file |
 Tower Insurance | Not on file | Not on file | Not on file | Not on file |
 Trade Me Insurance | Not on file | Not on file | Not on file | Not on file |
 Vero Insurance | Not on file | Not on file | Not on file | Not on file |
"Not on file" = the policy-wording PDF for that insurer hasn't been ingested yet, OR the specific fact wasn't extracted from the wording. Authoritative answer is always the source PDF (linked from each provider profile).
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