These fast facts about greenslips aims to assist in making your green slip purchase as easy as possible.
There are 6 CTP Green Slip Insurance providers in New South Wales:
The cover for all green slips are the same except for one additional feature that only some insurers offer: At-Fault Driver Cover. It’s a feature separate from the standard green slip itself. Four of the six insurers currently offer this feature. More information on Driver-At-Fault can be found on this page.
It doesn’t matter where you buy your greenslip – the price for a certain insurer will be the same. This means that for any particular insurer, for example, QBE, the price of a green slip is the same regardless of method used in purchasing it, i.e., online, phone, in person, or via a broker.
Each of the insurers has developed own pricing strategy resulting in varying rates across all customer and vehicle profiles. Of course this pricing strategy must still conform to the pricing guidelines set by the MAA. There is not one insurer that has the cheapest rate for all profiles. Therefore, it may be a good idea for you to shop around for the most affordable green slip at the time of your renewal. You can compare prices by using any of these three methods
Using the green slip price comparison service operated by the Motor Accident Authority – This facility will save you a lot of time as you fill out only one questionnaire and it provides you the prices for all insurers. However this facility is currently only available for regular passenger vehicles like sedans, wagons, 4WDs, utes, vans, and motorcycles. You can’t get a quote for vehicles over 4.5 tonnes using this website.
Contacting some brokers on or offline – Some brokers are only able to distribute greenslips for certain insurers so you are not sure you are able to compare greenslip prices from all insurers. This is also a good option if you are getting quotes for vehicles like trucks, taxis, or vehicles for re-sale.
Contacting each insurer – This can be very time consuming but you get to ask the nitty gritty details of cover, especially regarding driver-at-fault. You may also have to do this if you are getting quotes for vehicles like trucks, taxis, or vehicles for re-sale.
Once a green slip purchase is completed, the Insurer instantly notifies the RMS of the purchase electronically.
You may purchase a 6-month green slip for the renewal of a vehicle registration, as long as it has not gone past 21 days from the registration due date. Registration renewal and green slips are available on a 6 or 12 month basis for many vehicle types such as sedans, hatchbacks, wagons, 4WDs, vans, and utes. The 3-month option is available only for select scenarios like heavy vehicles or vehicles for re-sale by a motor dealer.
The green slip has to have the same term as the registration, i.e., if you are required to register the vehicle for 1 year, you must purchase a 12-month green slip. This is because a registered vehicle in NSW must at all times, be covered by a green slip. Because green slips and registrations go hand-in-hand they will always have the same commencement date.
Not all insurers offer an online service for quotes and purchase. However, all insurers provide call-centre service, while some insurers have shop fronts.