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CTP insurance stands for Compulsory Third Party insurance. It is compulsory to buy CTP insurance before you can register a vehicle in NSW. CTP covers people who are injured or who die in a road accident involving your vehicle. It does not cover damage to vehicles or property.  

A green slip is another name in NSW for Compulsory Third Party (CTP) insurance. It is a legal requirement for vehicle owners to buy a green slip before they can register their vehicle. A green slip covers them for the injuries or deaths of people in a road accident involving their vehicle. It does not cover damage to vehicles or property.  

Learn more about green slips at greenslips.com.au.

CTP greenslips are mandatory in NSW because even very good and experienced drivers are sometimes involved in road accidents. 
 
CTP insurance provides protection from the burden of paying for somebody else’s injuries, especially if they are serious and lifelong. Many people do not have the financial resources to pay the considerable legal and health costs of treating somebody’s serious injuries from a road accident. 

The best way to get a green slip is to compare prices before you buy. Use the greenslips.com.au Calculator to compare the cheapest prices from all six NSW insurers. It lists their prices from the cheapest to the most expensive. You may consider price only, or have other reasons to prefer one insurer over another. Next buy your green slip directly from that insurer. They will quickly inform Service NSW you have paid, so you can register your vehicle. 

How much a green slip costs varies widely, depending on details of the owner and their vehicle. The average in July 2024 was $573 for all regions and vehicle types. To find out how much a green slip costs you, use the greenslips.com.au Calculator. It provides prices from all six CTP insurers in NSW, from the cheapest to the most expensive. 

Prices should always match, whether you get them from the greenslips.com.au Calculator or the insurer. It is illegal to quote any price that is different from the regulated price. If prices appear not to match, it is always because different information has been used in each case. You can ask us whenever there appears to be a discrepancy.  

The most likely reason for the price rise is because your circumstances have changed. Your green slip price may go up if you have, for example, bought a different car, moved to the city, incurred demerit points, had an at-fault accident or gone into a different age bracket. It’s also possible that your current insurer has generally raised its prices.

As always, use the greenslips.com.au Calculator to make sure you are still getting the best price. 

It is worth comparing greenslip prices before renewing registration. Prices vary and the cheapest insurer last year may not be the cheapest insurer this year. Insurers charge different prices depending on customer risk levels. 
 
Insurers use their own weightings to different risk factors to determine the premiums they will charge. Only one insurer now includes At-Fault Driver Cover as an added benefit with its greenslips. 

The green slip price is not increased or reduced because you are a pensioner. It can be confusing because registration of one vehicle is free for pensioners and Service NSW can automatically renew their registration. However, drawing a pension is not one of the factors insurers use to set green slip prices.

Always compare prices using the greenslips.com.au Calculator.  

You need them both because CTP insurance covers people and comprehensive insurance covers property. CTP insurance is mandatory because it covers people who are injured or die in a road accident involving your vehicle. However, comprehensive insurance for vehicles and property is your choice. There is no motor insurance in Australia that covers people and property. 

‘At-fault’ means you were 100% at fault or your contribution to the road accident was over 61%. The insurer makes this decision if you claim for more serious injuries. 

If you have moved to NSW, you have to transfer registration of your vehicle to NSW within 3 months. For the first registration, you must buy CTP insurance, known as a green slip, for 12 months. Use the greenslips.com.au Calculator to compare prices from every insurer. You also need a full inspection of your vehicle, known as a blue slip.  
 
When you have all required documents, go in person to Service NSW to register your car and apply number plates. You can then cancel your interstate registration.