How It Works
Do Insurance Brokers Charge a Fee in New Zealand?
In New Zealand, most insurance brokers are paid a commission by the insurer you choose. That commission is built into the policy pricing, whether you use a broker or go directly to an insurance company.
So using a broker typically doesn’t cost you anything extra.
Most insurance brokers in NZ don’t charge fees because they’re paid a commission by the insurer.
That means you can usually get advice and compare multiple policies without paying anything extra.
If you'd like help reviewing your options, you can speak with one of our advisers.
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When a policy is put in place, the insurer pays the broker a commission for arranging and managing the cover. That commission:
In other words, you’re not paying more because a broker is involved.
It’s a fair question, and an important one. In New Zealand, insurance brokers are legally required to act in your best interest. That means recommending cover that suits your needs, not the insurer that pays the highest commission. Brokers are also required to justify how and why they recommended certain covers and amounts.
A good broker is also transparent about how they’re paid and focused on building long-term relationships, not making quick sales. If you’re curious about our fees and how we get paid, you can view them on our website here.
When you go directly to an insurer, you’ll only see that company’s policies.
A broker can compare policies from multiple insurers to help find cover that fits your situation.
That can be particularly helpful if you want to compare:
Read more: What a Life Insurance Broker Actually Does
Sometimes, yes, but it’s not the norm. A broker might charge a fee if:
If a fee applies, it should always be disclosed upfront. No surprises. No awkward invoice later.
Because you get:
You can read more about what we do by clicking here.
For many people, working with a broker can make the process easier because advisers can compare policies and explain differences between insurers.
For example, some insurers offer more flexible policy structures or different optional benefits.
You can read more here:
Read more: Is It Worth Using an Insurance Broker in NZ
Most insurance brokers in New Zealand don’t charge you a fee. They’re paid by the insurer, and the cost is already built into the policy. The current remuneration structure ensures that financial advice remains accessible for everyone. Most people don’t have thousands to spend on hiring an advisor, especially those who need the advice most. We’re here to help people plan for their future without breaking the bank. What you’re really paying for is peace of mind, clarity, and having someone on your side. And that part tends to be worth it.
Every situation is different, and the right cover depends on things like your mortgage, income and family situation.
If you'd like help comparing options across insurers, we can help.
