NAC specialises in insuring modified and high performance cars and motorbikes, younger drivers and drivers with convictions. We also provide short-term vehicle insurance for tourists or customers who only need insurance for a limited time. So, if your vehicle and your insurance needs are a little different, you've come to the right place.
We've been protecting a wide range of vehicles, and their owners, for more than 18 years. Throughout that time, we've been a loyal supporter of the New Zealand motorsport community, sponsoring events and drivers across various classes of motorsport.
Our strength is your guarantee
NAC is a business division of IAG New Zealand Limited (IAG). IAG has received a financial strength rating of AA- from Standard & Poor’s (Australia) Pty Ltd, an approved rating agency.
A rating of AA- means IAG has a ‘very strong’ claims-paying ability, as you can see in the scale below.
The rating scale is:
The ratings from 'AA' to 'CCC' may be modified by the addition of a plus (+) or minus (-) sign to show relative standing within the major rating categories.
The rating scale above is in summary form. A full description of this rating scale can be obtained from www.standardandpoors.com.
In its Annual Solvency Return filed with the Reserve Bank of New Zealand, IAG New Zealand Limited had a Solvency Margin as at 30 June 2020 as follows:
|Actual Solvency Capital||698.1|
|Minimum Solvency Capital||349.9|
Insurance Council of New Zealand
NAC is a member of the Insurance Council of New Zealand (ICNZ), an industry organisation which represents fire and general insurers in New Zealand.
As an ICNZ member, NAC abides by the ICNZ fair insurance code.
Additional information, including consumer advice about insurance, is available on the Insurance Council of New Zealand website.
At NAC, we believe in having an inclusive and supportive environment where everyone is able to be true to themselves and know that they belong. We’re focused on making your world a safer place for our people, our customers and our communities. Our participation in the Rainbow Tick programme enables us to build a diverse community and an inclusive place to work where we celebrate what makes us unique.
QFE Disclosure Statement
It is important that you read this information: It is general information which will help you to compare financial advisers and choose the one that best suits your needs. Your insurance is underwritten by NAC Insurance, a business division of IAG New Zealand Limited ("IAG"). IAG is a Qualifying Financial Entity ("QFE") under the provisions of the Financial Advisers Act 2008. You can check this information on the Financial Service Providers Register at www.fspr.govt.nz. As a QFE, IAG is licensed to take responsibility for its advisers and to ensure that they exercise due care, diligence and skill when providing financial advice to you. Our QFE license means that IAG's QFE advisers do not have to be individually registered or authorised. IAG's QFE advisers can provide personalised advice about general insurance and warranty products.
Let us know your concerns. Visit our complaints procedure page
We are always on the lookout for great talent. To see current job openings and apply online, see https://careers.iag.co.nz/
We provide products for your customers with that "hard to place" risk. Our online quote & bind facility qbix allows you to place business with ease. You can access it here.
If you haven't yet registered for qbix you can call the NAC Broker Team on 0800 502 508 or email firstname.lastname@example.org and we'll arrange a login for you.
We have been looking after high performance vehicles for over 18 years.