Mythbusters - CTP Green Slip Facts & Fiction

Time to clarify some common CTP Green Slip misconceptions!

Let's separate the facts from the fiction when it comes to purchasing your CTP green slip.

1. 7 insurers provide CTP green slips in NSW.  All insurers deal directly with purchasers.  Contact details for the seven insurers are set out on this site.
2. The price for an insurers CTP green slip must be the same regardless of where or how you purchase the CTP green slip.  If the CTP green slip price is based correctly on your vehicle and details, the price must be the same whether you purchase the CTP green slip directly from an insurer, from an agent or from a broker, by phone or in person.  This requirement is monitored by the Motor Accident Authority.  Breaches of this requirement can be reported to the MAA.
3. Insurers use different factors and apply different weightings to those factors to determine the price they will charge for a CTP green slip. Insurers adopt different pricing strategies and are more competitive for some purchasers than they are for others.  No insurer is always the cheapest or the most expensive across all purchaser profiles.  When comparing prices, it is important therefore to compare prices for each of the seven insurers.  There are only two ways to compare prices for each of the seven insurers.  One is through the price comparison service operated by the Motor Accident Authority, the Green Slip Calculator, and the other is by contacting each of the insurers directly.  A link to the MAA's Green Slip Calculator is on this site.  The MAA's Green Slip Calculator is the only service available which provides price information for each of the seven NSW CTP green slip insurers.
4. As a product, CTP green slips are identical except for At Fault Driver Cover.  The only differentiating feature, other than price, is At Fault Driver Cover.  At Fault Driver Cover is offered by five of the seven insurers.  Inclusion of At Fault Driver Cover is not affected by where or how you purchase your CTP green slip.  An explanation of At Fault Driver Cover, including insurer by insurer analysis is set out on this site.
5. All insurers notify the RTA electronically when you purchase your CTP green slip.  Notification from an insurer is usually received by the RTA within one hour.
6. No organisation should purport to offer a CTP green slip price or product different to that which is available directly from the insurers.

Related content also available on this website:

1. Info - Everything You Need to Know to Purchase Your Greenslip  
2. Compare Greenslip Features
3. Greenslip Cost Comparison - Find the Cheapest Greenslip