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Ola Insurance

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Ola insurance

Ola insurance NZ

Ola insurance refers to a specific type of coverage related to Ola, a popular rideshare platform in New Zealand and many other parts of the world. Like any other service that requires drivers to use their vehicles for commercial purposes, there are risks involved. Ola insurance provides protection for these risks, covering both drivers and passengers in the case of accidents, damages, or other unforeseen events.

Why is ola insurance important? 

Ola insurance is critical because:

Protection Against Damages: Accidents happen. When they do, repair costs can be hefty. This insurance ensures that drivers don’t have to bear the full cost of damages sustained while driving for Ola.

Safeguarding Passengers: Passengers trust Ola drivers with their safety. Insurance provides a layer of financial protection if they’re injured during a ride.

Liability Protection: In the event that a third-party (e.g., a pedestrian) is injured or their property is damaged, Ola insurance can cover the associated costs.

Peace of Mind: Knowing there’s coverage in place can offer peace of mind to drivers, helping them focus on providing quality service to their passengers.


In New Zealand, the average cost of ola insurance typically ranges between $80 – $200 per month. 

What covers are typically included in ola insurance? 

Business Vehicle Insurance

Protects vehicles used for ola purposes. It covers accidents, damages, and injuries related to the vehicle while it’s being used for business and personal activities.

Best For
  • Repair costs
  • Third party damages
  • Injuries 

Loss of use

Coverage that helps when your vehicle is unusable due to an accident. It covers the cost of a temporary replacement vehicle, so you can still get around while your car is being repaired.


Best For
  • Temporary vehicle
  • Reimbursement expenses
  • Accident downtime

How much does ola insurance cost?

Ola insurance premiums are calculated on several different factors including:

  • Types of cover
  • Vehicle sum insured
  • Location 
  • Claims History 

Ola insurance in NZ typically costs between $80 to $200 per month

Who needs ola insurance?

Any individual or business associated with the Ola rideshare platform should consider Ola insurance. This includes:

Ola Drivers: Whether part-time or full-time, anyone driving for Ola needs this insurance to cover potential risks.

Vehicle Owners: If you own a vehicle that someone else uses to drive for Ola, insurance will protect your asset.

Yes, Ola insurance is different from standard car insurance. While standard insurance covers personal use of a vehicle, Ola insurance covers both commercial aspect of using your vehicle to earn money and personal use. 

No, personal car insurance does not cover commercial activities like ridesharing. Driving for Ola without the correct insurance will lead to claims being denied.

How do I get a ola insurance certificate?

You can usually get proof of ola insurance same day when you purchase insurance through Gerrards.

Acquiring a ola insurance certificate from traditional insurance brokers may require a few weeks, a delay that could create problems for policyholders who need instant insurance proof for an imminent contract or lease.

To obtain insurance coverage promptly, contact one of our ola insurance brokers. We may require you to provide some fundamental details about your business, such as:

  • Your full name
  • The sum insured of your vehicle 
  • Location of driving
  • Claims history

What does ola insurance not cover?

Regular Wear and Tear

Gradual deterioration over time. This includes things like brake replacements, oil changes, and other regular maintenance tasks.

Undisclosed Modifications

Any changes to the vehicle not informed to the insurer. If you’ve modified your vehicle in ways that haven’t been reported to your insurer, and these modifications lead to an accident, your claim might be denied.

Driving Ola Under Influence

Accidents while intoxicated. Accidents occurring when the driver is under the influence of alcohol or drugs won’t be covered.

Other common questions about ola insurance

Yes, you can switch, but it may come with cancellation fees or prorated refunds based on your original policy terms. Our brokers can guide you through this process.

Most Ola insurance policies do not cover lost or forgotten personal belongings of passengers.

It’s possible. After a claim, insurers may re-evaluate your risk and adjust premiums accordingly.

Yes, but it may influence your premium rates or the terms of coverage.

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