The fire service was also called just after 3.30am.
Fire had left police and contractors to salvage the vehicle as access was difficult.
Waka Kotahi NZ Transport Agency said State Highway 7 was closed between the Hanmer Springs turnoff and Springs Junction.
No detour was available. Motorists are advised to avoid the area or delay their journey if possible.
The death means the holiday road toll is now five.
Meanwhile, RNZ reports three people were hospitalised after a single road crash in Canterbury last night.
Three were hospitalised with moderate injuries after two vehicles collided in Christchurch.
The crash happened near the intersection of Robinsons and Ellesmere roads, just after 8pm.