Coming into effect on 1 December 2017, the new scheme will see the average price of green slips reduce to $543 for Sydney drivers and $414 for country motorists. The average premium for Sydney taxi owners will fall from $8836 to $5007. For country taxis, the average cost will decrease from $5203 to $2923.
How do I pay my AAMI green slip?
AAMI makes it easy to pay your CTP Insurance with three convenient payment options for your NSW Green Slip. Choose to pay online (with a Visa, MasterCard, or American Express), over the phone, or at your nearest Australian Post Office – whatever works for you.
Does comprehensive insurance cover green slip?
Comprehensive covers damage to your vehicle and others’ vehicles and property, but does not cover people. All greenslip insurers also provide comprehensive and third party property insurance. Third party property covers someone else’s property but not yours.
Are green slips the same price?
Six insurers currently offer green slips in NSW. If a green slip price is based correctly on your vehicle and details, by law the price must be the same no matter how or where you purchase your CTP green slip. Prices are taken from State Insurance Regulatory Authority (SIRA) website.
Why is green slip so expensive?
The greater the benefit structure to injured parties, the higher the cost of claims, the higher the cost of a CTP insurance. Start reducing the benefits applicable to injured parties and your Green slip price comes down. CTP is what insurers call a long tail class of insurance.
Is green slip compulsory?
A greenslip or compulsory third party insurance (CTP) is a legal requirement for vehicles registered in NSW. To register your vehicle you must have a green slip. Your greenslip does not cover damage to property, other vehicles or to your vehicle, nor does the greenslip cover theft.
Can you pay your green slip monthly?
If you have a light vehicle (i.e. vehicles with GVM less than 4.5 tonnes), you can choose to insure and register for either a 6 month or 12 month term. If you want a 6 month term, both the Green Slip and Registration need to be paid or completed within 21 days of the registration due date.
How long is green slip valid?
12 months
This means you can purchase your greenslip for 6 or 12 months. If you want to renew your registration for less than 12 months you can do it online only at Service NSW or by phoning 1300 360 782. If you go to Service NSW or motor registry to renew your registration you can do it for only 12 months.
Do I need green slip and comprehensive insurance?
Every certified vehicle has to be covered by CTP insurance, whereas comprehensive car insurance is optional. CTP insurance only protects you from the personal injury liability that might arise if you injure anyone involved in an accident you caused.
What does the green slip cover you for?
CTP Green Slip covers the liability of anyone driving your vehicle for injuries caused to others in a motor accident. It can also help you cover medical expenses, and offers up to six months of weekly payments for lost income if you’re injured in an accident that’s your fault.
How can I get a cheap green slip?
Three ways to find the cheapest CTP Green Slip price
- Go to the greenslips.com.au Calculator on this site.
- Go to Green Slip Check operated by State Insurance Regulatory Authority.
- Contact each of the six insurers directly.
Can you negotiate green slip?
Greenslip discounts in NSW Greenslip prices cannot be discounted. The prices the insurers intend to charge must first be submitted to State Insurance Regulatory Authority (SIRA). Insurers are not allowed to vary those prices without resubmitting them to SIRA. Insurers are not allowed to further discount those prices.
Can you pay your green slip 6 monthly?
If you want a 6 month term, both the Green Slip and Registration need to be paid or completed within 21 days of the registration due date. This is called the ‘Use-by’ date and is shown on the Green Slip.
How is green slip calculated?
Your NSW CTP Green Slip premium is calculated based on a number of factors about you and your vehicle, some of which are set by The NSW State Insurance Regulatory Authority (SIRA) including: The type of vehicle you drive. Where your vehicle is garaged.
Why is my green slip so expensive?
The higher the investment returns for a given period, the lower the costs of claims for the period and the lower the cost of a compulsory third party insurance for NSW motorists. The higher the cost of capital, the higher the cost of the green slip and conversely so.
Can I pay my green slip for 6 months?
What is the difference between green slip and insurance?
Third Party Property Damage Insurance is optional and provides cover if you need to pay for damage your vehicle causes to another person’s vehicle or property. Whereas Compulsory Third Party (CTP), also known as Green Slip insurance in New South Wales, is compulsory in order to register any vehicle in NSW and the ACT.
Is Rego the same as green slip?
Registration and CTP Your CTP Green Slip insurance is a policy you buy from an insurer, whereas your registration is a duty paid to the government, and you might think of them as them as two entirely separate entities.
Do pensioners get free green slip?
If you are an eligible pensioner, entitled to free registration with no restrictions on your licence or vehicle, then your registration may be renewed automatically by Transport for NSW (TfNSW). You can check the status of your registration and CTP green slip through Service NSW.
Are green slips cheaper for pensioners?
There are no pensioner concessions available on your greenslip. Insurers use many factors to determine green slip prices.
Does comprehensive insurance include CTP AAMI?
Lucky for you, AAMI has your SA CTP needs covered. In New South Wales (where it’s better known as ‘Green Slip’) and Queensland, you must have CTP insurance before you can register your car.
Is green slip included in comprehensive insurance?
All greenslip insurers also provide comprehensive car insurance and third party property cover (for an additional cost). Many other insurers will provide comprehensive car insurance and third party property cover.
Who needs CTP Green Slip insurance? CTP Green Slip Insurance is compulsory for all motor vehicles registered in NSW. CTP Green Slip insurance is not required for Trailers and Caravans (vehicles towed by a registered vehicle).
Do I need CTP if I have comprehensive insurance?
Can I pay CTP monthly?
If you have a light vehicle (vehicles with GVM less than 4.5 tonnes), you have the option to choose between a 6 month or 12 month term. As long as you pay for both the CTP Insurance and registration within 21 days of the due date, you can choose a 6 month term for the renewal of your CTP.
Where can I find the lowest price for greenslips?
Our greenslips.com.au Calculator provides the lowest available price for each of the six greenslip insurers, based on your vehicle and details. In addition to price and insurer contact details, this site provides insurer information on other factors, including where relevant, At-Fault Driver Cover and discounts on other products.
How much does an easy green slip renewal cost?
I received my Green Slip renewal from AAMI for a cost of $469.00. I thought that I would look at Easy Green Slips for comparison and found that their cost would be $532.00!!! I don’t know why their premium is so much higher but I will not obviously even consider them.
How can I compare green slip insurance prices?
You can make a green slip comparison for each of the green slip insurers, based on your vehicle and details, by clicking on the link above. The link will take you to the green slip calculator on In addition to green slip prices the green slip calculator will provide information on other benefits which some insurers offer.
Which is cheaper NRMA green slip or Gio green slip?
An NRMA green slip is one eligible policy that counts towards a Loyalty Discount on other NRMA insurance products. These offers do not make GIO and NRMA green slip prices any cheaper than those given in the greenslips.com.au calculator.
