Five insurance groups hold the licence to write CTP Greenslips in New South Wales. They are:
As at the end of June 2013, the following graph illustrates the market share per insurance group.
Comparison of Greenslip Premiums
For the year 2012-2013, there was a general increase in CTP Greenslip Rates. According to the MAA Annual Report, this is a result of a lot of factors including low bond yields, an increase in the frequency of claims, and an increase in the number of claims requiring legal representation.
The table below outlines some greenslip data comparing that as at June 2012 and as at June 2013.
|JUNE 2013||JUNE 2012|
|Average price offered for a Sydney Metropolitan passenger vehicle||[excl GST] $559||[excl GST] $502|
|[incl GST] $602||[incl GST] $541|
|Average price for all passenger vehicles in New South Wales||[excl GST] $504||[excl GST] $453|
|[incl GST] $542||[incl GST] $487|
|Average price for all New South Wales vehicles||[excl GST] $527||[excl GST] $475|
|[incl GST] $567||[incl GST] $512|
|Best Price for a Sydney Metropolitan passenger vehicle (for motorists aged between 30 and 54 years)*||[excl GST] $469||[excl GST] $431|
|[incl GST] $505||[incl GST] $464|
Source: MAA Annual Report 2012 – 2013