Are all NSW CTP policies the same?

Are all NSW CTP policies the same?

Are all CTP green slips the same? CTP green slips are the same, regardless of insurer, except for At-Fault Driver Cover. The insurers all provide the statutory cover required by the legislation.

Are all CTP green slips the same price?

2. The price for an insurer’s CTP green slip must be the same regardless of where or how you purchase the CTP green slip.

How is CTP 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.

Is CTP and green slip the same?

CTP (which stands for Compulsory Third Party) and a Green Slip are the same thing – insurance you need before you can register your vehicle that covers injuries from an accident.

Who owns Greenslips Australia?

Stephen Treacey
Stephen Treacey Stephen is the founder and owner of greenslips.com.au. Stephen was one of the first to recognise the benefits of the internet as a way to present CTP greenslip pricing and information. In the 1990s, there was very little green slip information available online.

Can you change CTP provider NSW?

You may only change your CTP insurance provider at the commencement of each registration period.

Can you negotiate CTP?

Once an insurer’s price is correctly quoted, no further discount is available based on where or how you purchase that insurer’s CTP green slip. Agents or brokers are not allowed to offer a different price to that available by dealing directly with the insurer.

Why does CTP cost so much?

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. At the highest level, it is as simple as that.