Trademe Insurance Review
Read our Trademe Insurance review to discover whether Trademe is the brand for you.
- Promoted Insurance Offer
- Join Cove & you’ll get one month free on your new insurance policy
- Quote & buy insurance online in as little as two minutes
- Your discount will automatically be applied on the payment page.
- Average Customer Rating: 4.9/5
- 100% online & made with love in New Zealand.
Important note about this TradeMe Insurance Review
We’ve done our best to ensure this review accurately represents the products this brand offers, however we can’t guarantee the content is fully up to date and 100% accurate. The only place you will find that is on the brands official website and within their policy documents. Treat this guide as a starting point, and if you need clarification, certainty, or more information, you need to contact the insurance brand directly.
Who is TradeMe Insurance?
I remember when I first heard about Trademe Insurance. I was working in the industry and someone who worked for Tower was sitting on the bus, and mentioned they were releasing something that morning. They said checkout Trademe mid-morning too see what they’ve been working on.
Mid-morning came, and Trademe and launched Trademe Insurance. There was a bit of turbulence but eventually the site began working as expected.
Tower & Trademe jumped in bed together with this particular relationship, just the same way many banks sell IAG products, who own State and AMI. Yeah, it’s all pretty confusing.
It made sense for Trademe to eventually get into insurance. They have a giant audience, and most Kiwis have a Trademe account, so tacking on a third-party insurance product to sell to this existing audience is a sweet deal for them. They have previously ventured into dating (Find Someone), holiday rentals, and comparing life insurance through LifeDirect too.
Super Quick TradeMe Insurance Review
I feel a bit weird buying insurance from an online marketplace, which was made to flog off old fridges and bikes. But some people probably don’t care.
All Trade Me members get a 15% discount on premiums, which is pretty much the same as saying everyone gets a 15% discount on premiums.
What do we love (and not love) about X?
- Nice and simple online experience to get a quote and make a purchase.
- For some people, Trademe provides the cheapest insurance in NZ. we've had a heap of feedback that people found the cheapest car insurance price in particular was from Trademe.
- Not sure why you'd buy from Trademe instead of going to Tower directly (email me if you know why)
- It isn't a brand that lives and breaths insurance. They sell another companies products. You won't be able to call someone at Trademe and discuss the finer points of your claim - you'll be calling someone in the Tower office (they might answer the phone by saying Welcome to Trademe Insurance...).
What are Kiwis Saying about TradeMe Insurance?
While we are looking at Trademe Insurance reviews from other platforms, I’ll drop this well-written review here as a bonus. It was found on Reddit, and written by user Chuckitinbro:
“I recently switched from Tower to Trademe, as Tower was trying to charge me almost $1100 for the year (and that’s with no claims bonus). Trade me was just over $500. Slightly higher excess and less total cover (but still more than what I paid for the car). Trademe is underwritten by Tower so I don’t really get it.
I applied for quotes from everywhere and found Trademe and AMI to be cheap, State a little more expensive but probably has better cover, and the rest were quite expensive. If I had house and contents somewhere like State or Tower may have been better due to multi plan discounts.”
If you’re curious if you could save with Trademe Insurance, visit their website and get a quote. It doesn’t take long!
Bonus TradeMe Insurance Reviews
Trademe Insurance Reviews on Google
We were unable to locate any Trademe Insurance reviews on Google.
Trademe Insurance on Discussions Forums
Most of the Trademe Insurance reviews are positive - but this is mainly based on them providing cheap insurance. I had to dig a little deeper to find claims reviews. One Trademe Insurance customer on Reddit wrote "Have had to make a claim via Trademe and it was a pretty simple painless process that was all handled with a few emails. Also virtually everything with Trademe can just be done on their website including policy changes and anything more complicated can be sorted via email. Just watch out on their policies as they seem to be more strict with how you use your car, anything work related (besides the commute of course) is not covered."
Trademe Insurance Reviews on Feefo / Trust Pilot
I looked for Trademe Insurance reviews on Trust Polit, but they didn't have any specifically related to their insurance business. Just a word of warning - if you do find Trade on Trust Pilot it will be for the marketplace business they run, and they are FLOODED with one star ratings. Most of them aren't actually rating the Trademe platform itself - they are rating the trades that they completed via the platform. So don't read into this too much as a negative reflection on Trademe.
Common TradeMe Insurance Questions
TradeMe offers Comprehensive, Third Party Fire & Theft, and Third Party Only car insurance policies.
Yes, TradeMe’s Comprehensive car insurance includes cover for windscreen repairs.
You can make a claim online through the TradeMe Insurance website or by calling their customer service team.
Yes, TradeMe offers a no-claims bonus that rewards you for not making any claims.
The excess amount varies depending on your policy, but it will be clearly stated in your policy documents.
Yes, TradeMe house insurance covers natural disasters like earthquakes and storms.
Yes, TradeMe allows you to tailor your contents insurance to fit your specific needs.
Yes, TradeMe provides discounts if you have multiple policies with them.
You can update your policy details online through your TradeMe account or by contacting their customer service.
Yes, TradeMe often has special offers and discounts for new customers, which you can find on their website.
What Products does TradeMe Insurance Offer?
Car Insurance
TradeMe’s Comprehensive Car Insurance offers extensive coverage, including accidents, theft, and windscreen repairs. Their Third Party Fire & Theft policy covers damage to other vehicles and fire or theft of your car. The Third Party Only policy is great for basic coverage needs. Customers appreciate the straightforward claims process and helpful customer service. The no-claims bonus is a nice incentive for careful drivers. Overall, TradeMe’s car insurance provides good value with flexible options to meet different needs.
House Insurance
TradeMe’s House Insurance protects your home against risks like fire, storms, and natural disasters. The policy covers rebuilding costs and includes temporary accommodation if your home becomes uninhabitable. Additional benefits include coverage for detached structures like garages and sheds. Customers find the policy comprehensive and appreciate the prompt claims handling. The ability to adjust coverages to fit specific needs is a significant advantage. TradeMe’s house insurance offers reliable protection for your home, giving you peace of mind.
Contents Insurance
TradeMe’s Contents Insurance covers your personal belongings against theft, fire, and accidental damage. The policy offers flexibility to tailor the coverage to your needs, ensuring valuable items are protected. It also includes temporary accommodation if your home is uninhabitable. Customers like the easy claims process and customizable options. With TradeMe, you can feel secure knowing your possessions are well-protected. This policy is suitable for both renters and homeowners, providing comprehensive coverage for your belongings.