- 1 Getting the green light
- 2 What’s the difference between a Green Slip and CTP?
- 3 What does my Green Slip cover me for?
- 4 Helpful Tip:
- 5 What isn’t typically covered?
- 6 Do I need additional insurance in NSW?
- 7 How much does car insurance cost in NSW?
- 8 What’s driving in NSW like?
- 9 How do I choose a provider in NSW?
- 10 What if I need help choosing a comprehensive car insurance plan?
- 11 Endorsed by: Paul Maric
Getting the green light
As in most states, NSW drivers need Compulsory Third Party indemnity ( or CTP ), before they can register a fomite. In NSW, CTP indemnity is known as a green Slip, and it can protect you from being financially apt if you injure yourself or person else while driving .
What’s the difference between a Green Slip and CTP?
Both Green Slips and CTP insurance can provide coverage if you ’ re responsible in an accident where person is injured or killed. And merely like CTP insurance, a green Slip is mandatary – it ’ mho illegal to drive or register your car without one .
so what ’ s the remainder then ? Unlike other states where CTP insurance is purchased from one state-owned insurance company, NSW drivers can get their fleeceable Slip from a list of providers. And with respective providers to choose from, you can compare plans to find matchless that suits your needs and budget.
What does my Green Slip cover me for?
good like CTP policy, you can think of your green Slip as “ bare minimum insurance. ” If you ’ re involved in an accident, your green Slip indemnity design can cover anyone hurt or killed, including :
- Yourself, plus any passengers in your car at the time;
- Drivers or passengers in another vehicle;
- Cyclists, pedestrians, motorcyclists, or anyone else on the road impacted by the accident
In New South Wales, every driver is required to have Green Slip insurance as the minimal requirement to register your vehicle. But just because extra cover international relations and security network ’ triiodothyronine mandate doesn ’ thyroxine mean it isn ’ thymine worth considering. A comprehensive policy could provide peace of mind from the cognition that in the event of an accident, both third gear party damage costs and any damage to your vehicle could be covered. But if you ’ re not besides fussed about having to foot the rectify placard for your own car, a Third Party Property or Third Party Fire & Theft policy can provide cover if you damage person else ’ mho fomite in an accident .
What isn’t typically covered?
It ’ randomness important to keep in thinker that if you ’ re in an accident, your greens Slip will not cover you for wrong to your own or any other fomite or any place. It besides won ’ thymine cover your own vehicle if it ’ second damaged or stolen .
Do I need additional insurance in NSW?
A park slip can cover personal injuries that might arise in an accident. Some drivers in NSW besides choose to purchase extra coverage, such as :
- Third party property damage car insurance: can cover damage to other people’s cars or property caused by you in an accident.
- Comprehensive car insurance: generally, this is the highest level of insurance you can get in NSW. It can include cover for your own vehicle for accident damage, fire and theft, and damage to other people’s cars or property. We’ve partnered with a range of insurance providers offering comprehensive car insurance. Use our Online Tool to compare and purchase comprehensive policies from our range of providers and policies.
How much does car insurance cost in NSW?
According to iSelect car policy data for New South Wales and ACT, the downstairs are the average comprehensive examination premiums for FY20 :
What’s driving in NSW like?
The state is home to some of Australia ’ s busiest roadways, and all that traffic means collisions happen daily. Let ’ s take a look at some roadway statistics in NSW :
- As of January 2017, there were over 2 million registered passenger vehicles on the road in NSW1
- The most common type of collision in NSW is a rear-end, with over 3,200 rear-end collisions in 2018 alone2
- Most collisions happen in Metropolitan NSW, but that’s not to say there aren’t crashes regionally. In fact, in 2018 there were 1,045 off-path or out of control collisions in Metropolitan NSW but 1,241 in the country2
- Between 2015-16, there were 27 CTP claims for every 100,000 cars on the road2
You might think you ’ d never be at blame in an accident, but the truth is that it can happen to anyone. Requiring drivers to have Green Slip insurance helps protect everyone on the road in NSW .
How do I choose a provider in NSW?
With multiple providers to choose from, you ’ ll find that not all policy policies are the lapp. Whether you ’ re looking for a green Slip, or are shopping for more comprehensive coverage, we ’ ve put together these quick tips to help you get started :
- Review your policy regularly: It may be easier to just renew your existing policy when your policy expires, but that won’t always get you the best deal. Instead, compare your current policy with others to see how it stacks up.
- Consider any discounts: Depending on your age, driving record and claims history, you may qualify for a discount on your plan.
- Read the fine print: Be sure to read your policy in full or speak to a consultant about the product before committing to avoid any nasty surprises when you go to make a claim. For example, are you being charged a higher excess because your teenager is driving the car? Or, are you allowed to choose your own repairer?
- Look for value: Like other types of insurance, cheapest isn’t always best when it comes to your car insurance policy. Compare comprehensive policies from iSelect’s range of policies and providers to see which one suits you.
What if I need help choosing a comprehensive car insurance plan?
By now you know that getting a green Slip is essential if you ’ rhenium design on registering your car in NSW. But if you ’ rhenium looking for that extra level of coverage, iSelect can help you compare the comprehensive car policy policies on offer from our range of providers and policies. Our cable car insurance comparison creature will do most of the work for you, or you can give us a call on 13 19 20 to chat with our team.
1. hypertext transfer protocol : //www.abs.gov.au/AUSSTATS/abs @ .nsf/Lookup/9309.0Main+Features131 % 20Jan % 202017 ? OpenDocument
2. hypertext transfer protocol : //roadsafety.transport.nsw.gov.au/statistics/interactivecrashstats/nsw.html ? tabnsw=2
last updated : 11/12/2020
Managing Editor and co-founder of CarExpert
Paul Maric is a highly acclaim motoring journalist and the co-founder and managing editor program of CarExpert.com.au. With over 15 years of have in the automotive diligence, Paul ‘s cognition is bolstered by a degree in mechanical engineer .