Motor refund 2020

We're committed to refunding the benefits of lower motor claims costs seen during the COVID-19 lockdown period, because we believe this is the right thing to do for our customers.

We have a total of $7.2 Million (excl. GST) to be shared between our eligible motor customers and we've almost finished paying!

Find out more about how and when the refund will be paid to you by checking out our Frequently Asked Questions below.

Bank details form

If you've received a refund email or letter from us with your unique code, please enter your bank details using the secure online form below.

About your refund

How much will my refund be?

Your refund is calculated based on a 45% reduction to the value of your motor premium for the period 24 March 2020 to 13 May 2020. This is based on the lower motor claims costs we saw during the COVID-19 lockdown period. All amounts include GST, but exclude fees, levies and the RoadWise® optional benefit.

If you have several eligible motor policies for which you paid insurance premiums between 24 March and 13 May (inclusive), you’ll receive a refund for all policies.

The refund for each of your policies will show separately on your bank statement with the policy number as the payment reference, so you can easily see the refund amount for each policy. You can find the policy number on your latest renewal email or communication from us.

When will I receive my refund?

We've started to pay eligible customers their refunds. It will take a few weeks to fulfill for all our customers. You'll receive a confirmation email or letter when your refund is ready to be paid.

How will my refund get paid to me?

We'll be making the payment by direct credit into your bank account.

If you already pay your premiums by direct debit from your bank account today, you don't need to do anything - we'll make the payment directly into your bank account and we'll contact you to let you know.

If you pay via another method, you'll need to provide us with your bank details. Go to our secure online form and have your refund code handy. This will be in your motor refund confirmation correspondence from us.

Please wait for your email or letter containing this unique refund code before entering your details.

Enter bank details

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Frequently Asked Questions

All car, motorcycle, and motorhome policies across our domestic, commercial and rural policies in New Zealand are eligible for the refund.

Caravans and trailers are not eligible for a refund.

We're also happy to be extending the refund to our customers across all of our partners, including but not limited to, TSB, Trade Me Insurance, Kiwibank, ANZ/National Bank, and our broker referred customers.

Refunds will be based on eligible motor customers’ premiums paid between 24 March 2020 and 13 May 2020 (including GST, but excluding fees, levies and the RoadWise® optional benefit).

New Zealand entered the first day of alert level three on 24 March, and we entered our first day of level two on 14 May. There was significantly less traffic on our roads during alert levels three and four while everyone did the right thing and stayed home. From level two, traffic started returning to normal volumes again. We saw fewer motor claims and lower motor claims costs during alert levels three and four, and are therefore committed to returning these to our motor customers.

Your policy number will appear on your bank statement as the payment reference, so you can easily see the refund amount for your policy/policies.
If you think that there is a refund missing, don’t worry. We're taking a phased approach to refunding all of our eligible customers, so you may receive correspondence about the refund for your other policy/policies separately. This could happen for a number of reasons, including:
  • if your policies are under different reference numbers
  • if your policy sits under one of our partner brands such as TSB or ANZ
  • if the policyholder names have slight variation, or are under different entities
  • if your policy renewed during the COVID-19 lockdown period
  • if you pay by different payment methods for your policies, for example by direct debit for one and credit card for another.

If you pay for a family member’s insurance but the policy is in their name, they will receive communication regarding the refund for that policy from us, but the refund amount will be credited to the bank details we have on file for that policy.

For example, if you pay for your daughter’s insurance, she will get a letter or email informing her about the refund. The refund amount will be credited to the bank details on file (which in this case may be your bank details) and the refund will appear in your statement with your daughter’s policy number as the payment reference.

We'll offer refunds to all eligible customers regardless of the method or frequency of their payments. As long as your payments are up to date for the period between 24 March 2020 and 13 May 2020 for each of your eligible motor policies, you'll be offered a refund.

A total of $7.2 Million (excl. GST) will be shared between our eligible motor customers. The amount being refunded is based on the lower motor claims costs during the COVID-19 lockdown.

During lockdown we saw a decrease in our claims volumes and costs for our motor policies, however we didn’t see a comparable decrease in our house and contents policies. This is because people were at home more, used their household items more, plus indoor soccer tends to be a pretty risky game!

No - due to the number of customers we're refunding, we want to make it as simple as possible to make the refund to you quickly. The fastest way we can do this is by a direct credit to a bank account for all of our eligible motor customers.
To keep the payments of refunds as simple as possible, we're not offering this option.
No, we'll be refunding the payments to our customers' bank accounts so that we can keep the method for payment of refunds as simple as possible.

No, we will not ask you to send us your bank account or credit card details by email or text. To receive your refund, you will be given a link to a secure form on our Tower website if you need to provide bank account details. Please do not reply to any email or text that asks you for your bank account or credit card details directly.

Your refund will not show anywhere in the My Tower portal as it is a direct credit from Tower to your bank account.

The refund is based on our lower motor claims costs during the COVID-19 lockdown, totalling $7.2 Million (excluding GST). We have shared this amount between our eligible motor customers, and this has resulted in a refund equal to 45% of the value of the motor premiums paid during the relevant period.

The COVID-19 lockdown was an unprecedented event. Our usual pricing does take into account that some people drive their cars more and some less than average, but the lockdown was a unique event and that’s why we’re refunding the lower motor claims costs we saw as a result.

If you have any further questions you can email us at and someone from the team will get back to you within 3 business days.