Greenslips: how do I get one?

Greenslips is compulsory third party insurance, it is also known as CTP Greenslips, Greenslip, Greenslip Insurance, CTP and CTP Insurance. This type of insurance provides you with insurance coverage for other people in a motor-vehicle accident which was caused by a negligent driver. It does not cover property or anything else, so for full coverage and further premiums must be added and obtained.

Greenslips are compulsory in NSW and there are several websites available offering instruction and there are seven insurance companies in NSW that provide CTP Insurance.

There has been great debate on the requirement and payment of this scheme by Government bodies, as the initial quote drivers were told would be a AU$20 payment but other parties have said some drivers are paying up to AU$200 which is an exorbitant cost, particularly in the present financial climate. Prices continue to vary, so it’s important to know where you’re purchasing your Greenslip and what it’ll cost.

Price comparison websites are an informative option and also come with the added luxury of a Greenslip Calculator which allows you to assess actual costs from each insurance body. It is essential to utilise these tools before making a purchase. The best source is the Motor Accident Authority (MAA) as it gives you the details of the insurance companies involved and the benefit of using their calculator there and then to shop and compare.

Greenslips can be registered for 6-12 month periods and your insurer of choice will register you electronically with the RTA, so utilise online resources and calculate the road ahead.