Greenslips: top 3 tips!

Are you in the process of buying a new car? When you come to register your car, you'll need to choose an insurer for a greenslip. Green slips, also known as Compulsory Third Party insurance, will cover a third party killed or injured as a result of an accident caused by your vehicle. In some parts of Australia, such as New South Wales, having a green slip is a precondition for registering your car.

A green slip is essentially a piece of paper – a receipt showing that you have third party cover – however, it provides the peace of mind that we are all protected when we're on Australian roads.

Choosing an insurer for your green slip can be a challenging process. Different insurers offer different products, services, levels of cover and prices. It's very important to do your research before you purchase a green slip and always read the fine print in your insurance policy. Here's our list of the top 3 tips for choosing the right green slip for you:

• Make sure you understand exactly what is included in the different green slips on offer. Remember that green slips do not insure property, and most policy's include only limited cover for the driver of the vehicle should they become injured or killed. At fault driver cover can often be added as an additional feature of your policy. Always have a list of the inclusions and exclusions regarding your green slip.
• Be extremely accurate about who will own and who will be driving the car, the characteristics of the car and where it will be garaged; these factors will effect the cost of your green slip.
• Use the internet to compare prices and features of different green slips offered by a range of insurers.