Motor Vehicle Insurance

Nothing compares to the freedom of having a car, and if you currently own or are looking to purchase a motor vehicle in Lae, securing adequate vehicle insurance is a must.

The importance of insuring your vehicle in Lae

Lae is the second-largest city and the industrial and economic hub of Papua New Guinea. Because it’s home to many of the country’s largest businesses, a lot of traffic passes through and many of the roads have deteriorated due to a lack of government funding. Rough, uneven roads and chaotic traffic make motor vehicle insurance an important consideration.

Motor vehicles in Papua New Guinea are often imported from Japan. Because of this, both new and used vehicles tend to be expensive compared to other countries – this is another reason auto insurance is essential.

Protect your vehicle against dangerous driving conditions

Lae is located on the Pacific Ring of Fire, which is where most of the world’s volcanic eruptions and earthquakes occur. Because of this, Lae is prone to issues including very wet weather which can severely damage our roads – making driving hazardous. During rainy season, roads in Lae can also become dangerous due to potholes, localised flooding and other risks associated with wet conditions.

Rapid development and an increase in traffic have resulted in many issues for car owners in Lae, such as congestion and unsafe roads. These issues, as well as the possibility of a crash, break-in, carjacking or another unexpected incident, make motor vehicle insurance in Lae a priority.

What can motor vehicle insurance cover? It is helping with the cost repairing extensive damages after an accident, motor vehicle insurance is there to assist you during times of stress. Depending on your personal financial situation and insurance requirements, Trans Pacific Assurance can tailor a policy to suit your needs. Our policies can the following:

The cost of repairing damage caused to other people’s property by your vehicle.
Assistance with the retrieval of your vehicle.
The costs of repairing damage to your vehicle after a break-in or crash.

Protect your finances

Protect your vehicle

Protect your finances

Even if you’re a skilled, defensive driver, car accidents do happen, especially on Lae’s roads. Having an insurance policy in place is a great way to safeguard your finances. Instead of having to dip into your savings account or to rapidly come up with money you may not have, you can file a claim with us to help cover any costs incurred.

Protect your vehicle

Whether your car is new or used, it will be susceptible to damage and minor wear and tear. This is where Trans Pacific Assurance comes in. In the event of a break-in, or in an accident, motor vehicle insurance with us will help to cover the cost of the repairs if your vehicle suffers extensive damage.