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CTP Insurance

CTP Insurance explained

CTP insurance is an abbreviation for compulsory third party insurance.

Your CTP insurance provides compensation for people injured or killed when your vehicle is involved in an accident.

NSW CTP Insurance

CTP insurance in NSW is generally referred to as a greenslip. The CTP greenslip scheme in NSW is explained in full on this website, including everything you need to know to purchase your greenslip.

Seven insurers are licensed to issue a CTP greenslip in NSW. Prices vary between CTP insurers. You should compare CTP prices before purchasing your CTP greenslip. You can undertake a CTP green slip comparison by going to the CTP calculator on this website. The CTP calculator will provide a CTP quote for all seven CTP insurers, based on your vehicle and details. Contact details for each of the insurers are also provided so that you can purchase your CTP insurance.

In NSW, you have the option of renewing your CTP greenslip and registration for six or twelve months, provided you complete the renewal within three weeks of the registration expiry. If the registration is new, being transferred or more than three weeks overdue, you only have the option of purchasing your CTP greenslip and registering for twelve months.

CTP Insurance Scheme in Other States

CTP insurance in Australia is legislated and administered on a state by state basis. Each state has its own CTP insurance scheme and each state has in place bodies and systems to manage and administer the scheme for that state.

CTP insurance is compulsory in all states of Australia. You cannot register your vehicle without having CTP insurance in place.

Apart from the fact that it is compulsory, CTP schemes vary from state to state.

In some states, you have a choice of multiple insurers who participate in the CTP scheme (NSW & QLD), whereas in other states only one insurer underwrites the risk for the scheme.

In most states, your CTP is included with your registration, unlike NSW where you must purchase your CTP as a separate step prior to renewing your registration.

States also vary on the basis of other factors, including fault, liability, injury and compensation.

In addition to CTP insurance, states also have different requirements for vehicle safety and identity checks which must be satisfied prior to registration.

You should acquaint yourself on the rules and requirements for CTP insurance and registration based on the state in which you live. Information on CTP Insurance in the ACT and other states is available on this website.

As a final note, regardless of the state, CTP insurance will not cover you for damage to vehicles (yours or other parties), damage to property or theft. You need to insure separately for losses such as those.