NSW drivers to save $172 a year on CTP
Lower cost CTP Green Slips scheme will save NSW drivers money starting 1 December 2017.
NSW drivers can potentially save up to $172 on their Green Slip and NSW taxi drivers may be able to save more than $3,000 every year.
The average price for someone looking for a Green Slip in Sydney would be $543. The price for someone living in the country would be $414.
In a statement, Premier Gladys Berejiklian said that these reforms will help NSW drivers save money.
“The new scheme will deliver much needed savings. Without the government’s reforms, average premiums would have been $654 in 2018,” Berejiklian said in a statement.
As part of the new scheme, road users who are injured will have access to a new safety net, which will provide them with a lump-sum payment for long-term injuries and access to cover for loss of income for up to six months.
Already renewed your CTP Green Slip recently? Don't worry, you'll still be able to benefit.
“We are also delivering refunds to eligible motorists who renewed their Green Slip during 2017. They will be delivered through Service NSW, with further announcements about the process expected shortly,” Berejiklian said.
The more recently you took out your CTP (ie, the closer to 1 December), the larger the refund you'll receive.
What are you waiting for? Get out there and compare your CTP and other car insurance options.