We've found that there's a correlation with financed cars having a higher likelihood of making a claim. If your car has finance owing, we use this data as one of our rating factors to determine your premium. If your car no longer has finance owing, simply let us know and we can update your policy.
Types of finance include a secured or unsecured loan, hire purchase or lease from a finance company, bank or credit union.
You can find this information, along with some additional terms here. You can also find more information about what influences our premiums here.