NSW drivers to save $172 a year on CTP

Richard Laycock 17 November 2017 NEWS

cardholder-rewards-smartphone738x410

Lower cost CTP Green Slips scheme will save NSW drivers money starting 1 December 2017.

The government's new CTP Green Slip comparison site went live last week and will help NSW consumers find a better deal on Green Slips starting from 1 December.

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.

In car news

Picture: Shutterstock

Get more from finder

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Privacy & Cookies Policy and Terms of Use, Disclaimer & Privacy Policy.
Ask a question
Go to site