Compare green slip prices for your motorcycle

Do you need a green slip for your motorcycle? Motorcycle greenslips can be expensive because riding a motorcycle is risky. Compared to car drivers, riders have a relatively higher chance of being seriously injured or dying. We explain how to compare green slip prices,  how much it costs, and more about green slips for motorcycles.

Why are green slips for motorcycles expensive?

At 31 March 2023, there are only 275,218 motorcycles out of 7.17 million light vehicles registered in NSW. This is less than 4% of vehicles on the road. While there are fewer motorcycle riders than drivers, they are more likely to be hurt on the roads.

In the year to June 2022:

• Drivers accounted for 31% of all serious injuries.
• Motorcyclists experienced 24% of all serious injuries.

Motorcycle riders were also disproportionately more likely to die on the roads in the year to January 2023.

• Drivers were 46% of deaths.
• Motorcyclists were 17% of deaths.

In that same year, motorcyclist deaths reduced by 21%, in third place after driver and pedestrian deaths.

The extra risks of riding a motorcycle are reflected in regulated green slip prices.

How are green slip prices set for motorcycles?

Insurers set greenslip prices for motorcycles on the basis of engine capacity (including electric). They also use other factors, such as where you live, claims history, driving record, your age and whether there will be a pillion passenger.

State Insurance Regulatory Authority (SIRA) sets 5 classifications of engine capacity:

• Under 225cc and electric motorcycles
• 226cc to 725cc
• 726cc to 1125cc
• 1,126cc to 1325cc
• Over 1325cc.

Find more information on how insurers set greenslip prices.

How much does your motorcycle greenslip cost?

The cost of your motorcycle greenslip depends on where you live, as well as other factors. For example, Metro prices are much higher than Country prices because that’s where most serious injuries occur.

Insurer prices are very competitive for motorcycle green slips so it’s worth comparing prices.

Using the greenslips.com.au Calculator in May 2023, these are the prices of a motorcycle green slip for a “good”, fully insured male rider, 45, in the Metro area:

The most expensive motorcycle green slip in a Metro area is for the second most powerful engine, 1126cc to 1325cc. You can pay up to $230 more for a green slip.

Always use the greenslips.com.au Calculator because you can save up to $233 by buying the cheapest greenslip for your motorcycle.

Using the greenslips.com.au Calculator again, these are the prices of a motorcycle green slip for the same male rider in a Country area:

The most expensive green slip is for the most powerful engine, over 1325cc. You can pay up to $194 more for your motorcycle greenslip in a Country area.

Even for the lowest powered motorcycle, using the greenslips.com.au Calculator can save you $28 (or 33.3%).

Can novice motorcycle riders choose any engine size?

No, novice motorcyclists don’t have a wide choice of engine sizes. Motorcycles that are approved for L, P1 and P2 riders have these features:

• Engine capacity of 660 ml or less
• Power-to-weight ratio of 150 kw per tonnes or less
• Power up to 25 kw or less for electric motorcycles
• On the Approved motorcycles for novice riders list.

Are all green slips for motorcycles the same?

All green slips for motorcycles must offer exactly the same cover by law.

None of the insurers offers any extra features, such as At-fault driver cover, with its motorcycle green slip.

To find the cheapest green slip for your motorcycle in NSW, go to the greenslips.com.au Calculator.