Who are the green slip insurers in NSW?

Did you know only 6 insurers are licensed to issue green slips in NSW? The green slip insurers are AAMI, Allianz, GIO, QBE, NRMA Insurance and Youi. By law, every green slip must offer the same cover. Using the greenslips.com.au calculator, you can compare the cheapest green slip from all 6 insurers.

6 licensed green slip insurers

The 6 green slip licenses are held by 5 big insurance groups: QBE, NRMA, Suncorp, RMIH and Allianz. Suncorp owns GIO and AAMI and RMIH Group owns Youi.

Other brands do sell greenslips but they act as agents for one of the 6 licensed green slip insurers. No matter how or where you buy your greenslip, it comes from one of these licensed insurers.


AAMI

As at June 2023, Suncorp (AAMI, GIO, Apia, Shannons) has a market share of nearly a quarter (23.8%). AAMI also sells comprehensive and third party property insurance. It doesn’t offer further discounts on these products when you have an AAMI green slip.

Allianz

Allianz has a market share of just over a fifth (21.3%) as at June 2023. The insurer no longer provides any at-fault driver cover on top of its green slip. Allianz sells comprehensive and third party property insurance. You don’t get further discounts on other insurance when you buy an Allianz green slip.

GIO

As at June 2023, Suncorp (AAMI, GIO Apia, Shannons) has a market share of nearly a quarter (23.8%). If you have three or more eligible policies, GIO offers 10% multi-policy discounts. You can get a $50 discount off your comprehensive insurance if you have a maximum no claim discount and hold a GIO green slip. (Not for fleets or GIO Business policies.) you hold a GIO green slip. (This discount doesn’t apply to fleets or policies issued by GIO Business.)

NRMA Insurance

NRMA Insurance has the most extensive network and the largest market share of 29% at June 2023. NRMA Insurance now offers New Customer discounts to replace Loyalty Discounts. Loyalty Discounts no longer apply for renewals after 1 July 2024, or new policies commencing on or after 21 April 2024.

It’s the only insurer that still offers at-fault driver cover on top of its green slip (but not for motorcycle riders).

QBE

As at June 2023, QBE has a market share of nearly a quarter (23.7%). QBE sells comprehensive and third party property damage insurance but doesn’t give further discounts on these when you hold a QBE green slip.

Youi

Youi is the newest entrant in NSW and has been selling green slips since 1 December 2020. Its market share is 3% as at June 2023. Youi also sells comprehensive and third party property insurance. There are no discounts on these products with a Youi green slip.
 

How do I choose a green slip insurer?

The best way to choose a green slip insurer is to use the greenslips.com.au Calculator to compare prices. It shows you the cheapest available price from all 6 insurers, for your vehicle and details.

Other ways to choose a green slip insurer are to compare at-fault driver cover, any available discounts and ease of purchase.

Finally, you may choose an insurer based on how well it would manage a greenslip claim. The SIRA quarterly report shows, for example, how long you will wait for income support and treatment and care, how soon you could get back to work, and what happens if you disagree with the insurer.

Compare every green slip insurer now.