Your Insurance Protection

For Peace of Mind Motoring

Whenever you make a rental with Budget, you'll be covered by Standard Vehicle Insurance. Optional insurance upgrades are also available.

Responsibility and Liability

From the time you (or any authorised driver on the rental agreement) take charge of a Budget rental vehicle, you are financially responsible for:

  • any loss or damage to the vehicle up to the level of the excess provided for in the rental agreement and
  • any loss or damage to third party property in excess of the amount of cover provided for in the rental agreement.

Provided cover is not excluded by the terms of the Budget rental agreement, your financial liability for loss and/or damage to the Budget vehicle is limited to a pre-determined amount. The rental agreement outlines the circumstances where cover is excluded.

Standard insurance is mandatory for all general rentals, however corporate customers maybe exempt from this if covered by their own company insurance. This is determined by the Budget Corporate Discount (BCD) code, which can be entered when you make a reservation.

The liability (called an excess) is a substantial amount but is still a small proportion of the value of the Budget vehicle. Not withstanding this insurance, you are still liable for the excess. Your standard excess amount will be advised to you at the time of rental and will be shown on your rental agreement.

The excess amount charged varies depending on the applicable Budget Corporate Discount (BCD) code or car group, but general leisure rentals have the following excess values:

Group A-E: $3000.00 + GST
Group P, F, V, L and W: $3750.00 + GST

For renters under 25 years of age the following excess values apply:

Group A-E: $3500.00 + GST
Group P, F, V, L and W: $4000.00 + GST

Budget Driver Protection Package / Excess Reduction (optional)

Budget Driver Protection (Excess Reduction) is a complete and easy insurance option for renters over 25 years of age. In the event of an accident, Budget Driver Protection (ER) reduces your financial liability to a manageable amount and provides cover for personal accidents. Provided you comply with the terms of the additional cover, Budget Driver Protection ensures that for any loss or damage to the Budget vehicle you will not have a liability greater than the reduced excess, even if you were at fault.

Excess Reduction / Budget Driver Protection can be selected as an Optional Extra on your reservation and for a small fee it reduces your standard excess liability by up to 90%. The cost of optional Budget Driver Protection on general leisure rentals is:

Group A – E: $25.00 + GST per day
Group F – L: $28.00 + GST per day

By accepting Excess Reduction / Budget Driver Protection Package the reduced excess amount charged varies depending on the applicable Budget Corporate Discount (BCD) code or car group, but in general leisure rentals have the following reduced excess values:

Group A-E: $300.00 + GST
Group P, F, V, L and W: $300.00 + GST


PLEASE NOTE: Excess Reduction / Budget Driver Protection is only available to renters aged 25 years or older.

Personal Accident Insurance

As an added benefit, Budget Driver Protection also includes Personal Accident Insurance (PAI), so you and any authorised driver are covered while driving the vehicle. Personal Accident Insurance (PAI) is available to customers aged 15 to 70 years at the time of accidental death or personal injury.

Compensation to the driver and occupants injured whilst using a Budget vehicle covers:

  • Accidental Death
  • Loss of one or more limbs or eyes
  • Temporary total disablement for a period not exceeding fifty-two weeks from the time the event happened
  • Medical expenses

For a full list of our PAI Insurance terms and conditions, including sums insured and claim limits, please contact Budget.

Replacement to Damaged Vehicles

In the event of an accident, Budget will replace the damaged rental vehicle at no extra cost.

Windscreen Damage

Irrespective of any excess, Budget Driver Protection covers the repair or replacement cost of a damaged windscreen. Your liability for damage to headlights or side and rear windows will be limited to the excess under the rental agreement.

If you have a Budget Fastbreak or Rapidrez account, please enter your six-character number and surname in this field. Corporate Fastbreak members should also enter there six-character number and surname in this field.

If you're a member of an organisation or company that partners with Budget you may have a one of the following:

  • Direct PIN Number
  • OTTO Number
  • ACTO Number
  • BCN Number
  • BCD Number

Add this number into the field shown to receive your discount.

If you're a member of Air New Zealand Airpoints™, Qantas Frequent Flyer, or FlyBuys New Zealand you may earn points on your rental charges. Select the program you are a member of and enter your membership number and we will automatically credit membership account with the applicable points after your rental has been completed.

If you have a Coupon or Discount Number it can be entered here. The value of the coupon, where applicable, will be reflected in Estimated Total.

Enter your travel agency IATA number or Budget Assigned Number (BAN) in this field.

The minimum age for drivers is 21 years old for all car groups. A Young Driver Surcharge of NZ$25.00 (plus GST) per day per driver will apply to drivers under 25 years of age.

The 'Estimated Total' displayed on your reservation includes; base daily rate, taxes, coupon discounts, and surcharges. Items such as credit/debit card transaction fees and petrol are NOT included in the Estimated Total.

Please Note: The Estimated Total is subject to change based upon exchange rates at the time of rental.

Payment of the rental must be made by credit card and the credit card holder must be present when the vehicle is collected. When you collect your vehicle a pre-authorisation will be made on your credit card for the estimated value of the rental and any applicable security bond. Provided the vehicle is returned undamaged and no additional charges apply (e.g. fuel), the pre-authorisation is cancelled.

Budget accepts American Express, Diners Club, MasterCard and Visa.

Debit Cards are accepted provided that the card displays the Visa or Mastercard logo, has been issued by a bank, has the customer's name and card number on the card, and the funds are being debited from a cheque/current account. Prepaid and Reloadable debit cards and gift cards, as well as Travel Cards and EFTPOS cards are not accepted.

Standard Motor Vehicle Insurance (MVI) is mandatory and included in the rate.

Optional Budget Driver & Passenger Protection can be purchased for NZ$28* (plus GST) per day. The purchase of this optional insurance package reduces the renter's liability to NZ$300.00* (plus GST) for all car groups. In addition, Budget Driver & Passenger Protection provides cover for personal injury.

If Budget Driver & Passenger Protection is not purchased, the Renter will be liable for an amount ranging from NZ$3000.00* (plus GST) to NZ$3750.00* (plus GST), depending on the car group rented.

*Applicable to standard leisure rentals; subject to change.

If you are making a corporate reservation using a BCD or Fastbreak number, please check your company's rates and insurance coverage before booking. Standard Motor Vehicle Insurance is mandatory on all Budget leisure rentals, but corporate rates and insurance coverages may differ.

All additional drivers must meet the same minimum age & drivers license requirements as the renter. All additional drivers must be present at the start of the rental. If the additional drivers are not present at time of rental pick-up, they must present themselves to a Budget rental location at their earliest convenience to complete the Additional Driver Form.

Vehicles displayed on the website are for demonstration purposes only. Brands and models may vary by location and all vehicles are subject to availability at the time of rental.

You must present a full and valid, unrestricted, Driver's Licence at the time of rental. Licences issued in a language other than English must be accompanied by an International Driver's Licence.

Budget holds your GPS request with your reservation, however we cannot guarantee availability.

Please Note: If the drop off / return location is not within the same city as the pick-up / renting location, a one-way GPS drop off charge of NZ$50.00 (plus GST) may apply to the rental. This is in addition to any one way charges that may apply for the rental of the vehicle.

One way rentals to non participating locations are subject to availability.

The minimum age is 21 for all car groups. A Young Driver Surcharge of NZ$25.00 (plus GST) per day per driver will apply to drivers under 25 years of age.

Customers wishing to travel between the North and South Islands are not permitted to take Budget rental vehicles on the Inter-island Ferry across Cook Strait.

To allow for this type of inter-island travel Budget has introduced a special rental system called a Multi-Island Hire which creates one continuous rental. If you require a Multi-Island Hire, the following rental conditions apply:

  • For cars there is a minimum of 3 days consecutive rental required in each island (a minimum total rental of 6 days across both islands).
  • If you are traveling more than once between the two islands, the third (and subsequent) rental period has no minimum length of rental requirement.
  • The rental can start and finish at any Budget location in New Zealand (subject to vehicle availability).
  • You can cross between the two islands using the Picton Ferry Terminal and the Wellington Ferry Terminal, or you can fly into cities where Budget is located. Note: this policy only applies if you are traveling to the other island, not to a location within the same island.
  • A maximum of 5 hours is allowed between the drop off of the vehicle in one island and the pick up of the next vehicle.
  • A minimum of 72 hours notice is required of the renter's intention to cross between the North & South islands, if a crossover booking has not been previously made. If not enough notice is given, we cannot guarantee a vehicle will be available on the other side.
  • For all wagons, 4WD's and vans there is a minimum of 5 days consecutive rental required in each island (a minimum total rental of 10 days across both islands).

Please Note: No Budget vehicle is allowed to cross Cook Strait between the North and South Islands. If you take a vehicle across Cook Strait on an Inter-island ferry (i.e. if you pick-up a rental vehicle on one island and leave the vehicle on the other island) without Budget authorisation, you will be charged an automatic relocation fee of NZ$450.00 (incl. GST).

Full Budget Rental Terms & Conditions apply.