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Why has the price of my green slip gone up? 

green slip prices gone up

If the price of your green slip has gone up, it may be because of a change in your vehicle or circumstances. Insurers consider many factors to set the price of your green slip. Find out some possible reasons why yours has gone up.

All prices have gone up

The average price of a green slip has gone up for everyone. In fact, average green slip prices have risen 12.4% since 2022.

The price of food has gone up by 17.1% since 2022. (This year, food bills rose 11%, the biggest jump in 5 years.) 

Greenslip price changes 2014-2025

Year

 

Price change

2015

­

up 6.5% to $668

2016

­

highest price at $695

2018

 

down 17.4% to $569 after reform

2022

 

lowest price at $541

2024

­

up 4.6% to $574

2025

­

up 6% to $608, biggest jump since 2015

Greenslip prices also go up if your vehicle or your personal circumstances change. Here are some examples that could apply to you.

I bought a different kind of car

Your green slip price has gone up because:

  • It’s a ute/light goods vehicle, which generally costs more than a motor car.
  • You bought a car with a more powerful engine.
  • It’s an older vehicle with fewer safety features.
  • More claims are made by owners of this type of vehicle.

I moved to Sydney from Wollongong

Your green slip price has gone up because:

  • Sydney is the Metro area where all green slips cost more than in other areas.
  • Metro areas cost more because there are more serious injuries from road accidents.
  • People in metro areas also make more claims.

I received a couple of demerit points

Your green slip price has gone up because:

I had an at-fault accident

Your green slip price has gone up because:

I’m in my 70s now

Your green slip price has gone up because:

  • Greenslip prices are charged according to your age bracket.
  • Generally, green slips become cheaper with age, but increase in your 70s.

Compare prices before you buy your green slip

Nobody wants to pay more than they have to. It’s more important than ever to compare prices.

As always, use the greenslips.com.au Calculator to be sure you pay the cheapest price. 

Essential to know

Greenslip prices can change often because:

  • Insurers must submit their prices to SIRA at least once a year.
  • They are allowed to submit price changes at other times of the year.
author image

Corrina Baird

Writer and Researcher

Corrina joined greenslips.com.au in December 2015 as a strategic writer. Corrina is now an expert in the NSW CTP scheme. Read more about Corrina

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