In NSW, compulsory third party (CTP) insurance is called a greenslip. This is because it used to be printed on green paper. Your greenslip is an insurance policy that pays compensation for people who are killed or injured in a road accident involving your vehicle. It does not cover you for damage to your property or the property of others. Read More
Have you ever wondered why you need a green slip? Do you know what your green slip covers and doesn’t cover? Do all insurers offer the same green slip? These are all good questions you ask that greenslips.com.au will answer.
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Thousands of people use the greenslips.com.au calculator every day of the week. It is a fast, anonymous way to compare prices from all five NSW green slip insurers. Occasionally, the price quoted by the insurer is different to the one in the calculator. This should not happen and we will explain why. Read More
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CTP green slips are compulsory in NSW. You can not register your vehicle without first purchasing a green slip.
Seven insurers are licensed to issue greenslips in NSW.
Currently, the seven insurance licenses are controlled by five companies.
An overview of the insurers is set out below.
AAMI
AAMI is owned by Suncorp. As at June 2012, AAMI had a market share of 8.8%. AAMI provide an online quote and purchase facility, and you are able to deal with a consultant over the phone. AAMI does not offer discounts on other products for purchasing a ctp green slip, and do not offer additional at- fault driver cover.
Allianz
Allianz had a market share of 12.6% as at June 2012. Allianz Group also operates the CIC Allianz licence. As at June 2013, the combined market share for the Allianz group was16.7%. Allianz offers the added feature of At-Fault Driver Protection, however there are exclusions, including motorbikes, drivers aged under 25, and vehicles more than 10 old
CIC Allianz
CIC Allianz is the second licence operated by the Allianz Group. As at June 2012 CIC Allianz had a market share of 4.2%.
GIO
GIO is owned by the Suncorp Group, which also owns AAMI. As at June 2012 GIO had a market share of 12.7% and as at June 2013 GIO and AAMI had a combined market share of 21.8%. GIO offers Driver Cover Plus with some green slips as their form of at- fault driver cover. This excludes motorbikes, drivers aged under 25 (unless also comprehensively insured with GIO) and vehicles with a GVM exceeding 4.5 tonnes. You can obtain a quote and purchase green slips online, and the website provides information on branch locations. GIO also offers some discounts on comprehensive insurance.
NRMA Insurance
NRMA has the largest market share, with a market share of 35.3% as at June 2013. NRMA offers at-fault driver cover, except for motorbike riders. Phone and online quotes and purchase are available. NRMA operates the most extensive branch network of all the insurers. You can visit their website to find your nearest branch. NRMA also offers mutli-policy discounts on other products.
QBE
As at June 2013, QBE had a market share of 19.9%. QBE do not offer any form of additional at fault driver cover. Quotes and purchase are available online,and brokers and agents are used to distribute products – QBE will help you find your nearest. No discounts are offered on other products or services with the purchase of a green slip.
Zurich
The final insurer is Zurich, with a market share of 6.2% as at June 2013. Zurich offer CTP At-Fault Driver Insurance with some green slips, with some exclusions, including for green slips issued quarterly or every six months. No online purchase is available, but Zurich will help you find your nearest broker or agent.
A full comparison of at-fault driver cover, discounts and ease of access for purchase for each of the insurers is available on this site. A green slip price comparison is also available.
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