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Compulsory Third Party (CTP) Insurance

CTP Insurance – Compare all NSW Insurers

To compare all NSW CTP insurers and to find the best price, go to our CTP insurance Calculator.

CTP insurance stands for Compulsory Third Party insurance. CTP is a type of motor insurance that provides for compensation to people who are injured or killed if your vehicle is involved in a road accident. In NSW, CTP insurance is known as a green slip but it is still exactly the same insurance.

Six insurers underwrite the third party scheme: AAMI, Allianz, GIO, NRMA Insurance, QBE and Youi. These insurers receive your CTP insurance premium (not the Fund Levy) and are responsible for handling any CTP claims made against you.

Insurers set prices on the basis of guidelines issued by SIRA. The guidelines allow insurers to consider different risk factors and apply different weightings to those factors, within a range. This means prices vary from insurer to insurer.

The primary factors that affect price are vehicle type, geographic (rating) location, ownership and use, current insurance status, owner and driver age, driving record and claims history. You can influence some of those factors, which may help reduce your green slip price.

Get an instant CTP insurance quote now.

CTP Insurance FAQs

1. What is Compulsory Third Party (CTP) insurance?

CTP insurance is Compulsory Third Party insurance. It is compulsory for vehicle owners in NSW and other states and territories of Australia. CTP provides for compensation for people who are injured or killed when your vehicle is involved in a road accident. In NSW, you have to buy CTP before you can register your vehicle.

2. Why is CTP insurance compulsory?

CTP insurance is compulsory so that people in a road accident can be compensated without depending on the financial means of the person who caused the loss. Without CTP, compensation could not be paid equally to all those entitled to it.

3. What does CTP Insurance cover?

CTP insurance covers people who are killed or injured in a road accident involving your vehicle. It also covers people with catastrophic lifelong injuries from a road accident involving your vehicle.

NSW CTP has two parts:

1. The Third Party Insurance Scheme provides for compensation for people who are killed or injured in a road accident. Compensation can include hospital, medical and rehabilitation costs, loss of earnings and pain and suffering. Some benefits depend on fault.

2. The Lifetime Care and Support Scheme is specifically for people with catastrophic injuries that are serious and lifelong. Benefits are payable regardless of fault. The Fund Levy added to your NSW CTP premium pays for this scheme.

4. Who receives the CTP premium?

The 6 NSW insurers underwriting the scheme receive the CTP insurance premium. Your insurer handles any CTP claims made against you.

5. How do insurers decide on premium prices?

Insurers decide on premium prices by weighing up different risk factors, within the guidelines issued by State Insurance Regulatory Authority (SIRA). The primary factors that affect price are vehicle type, geographic (rating) location, owner and driver age, ownership and use, current insurance status, driving record and claims history.

SIRA monitors and regulates CTP insurer pricing.

6. What is the difference between CTP and third party insurance?

CTP insurance is mandatory and covers people who are injured or killed in a road accident involving your vehicle. Third party property insurance is a choice and covers damage to the vehicles of others, but not your own vehicle.

7. What is the difference between CTP and comprehensive insurance?

The difference between CTP and comprehensive insurance is that CTP is for people and comprehensive insurance is for property. CTP insurance is mandatory and covers people who are injured or killed in a road accident involving your vehicle. Comprehensive insurance is a choice and covers damage to property, damage to vehicles and fire and theft.

8. How much is CTP Insurance?

To find out the cost of CTP insurance, compare prices from all 6 NSW insurers. The greenslips.com.au Calculator will give you the cheapest prices from each insurer, based on your vehicle and details.

9. How to get CTP Insurance

You can get CTP insurance in NSW by comparing prices for all 6 insurers, based on your vehicle and details.

Compare prices by using the greenslips.com.au Calculator. Once you have compared prices, contact and pay the insurer of your choice. After purchase, your insurer sends a copy of your CTP insurance to Service NSW.

10. How to cancel CTP Insurance

To cancel your CTP insurance you need to first cancel vehicle registration through Service NSW. Next show your CTP insurer the registration cancellation letter from Service NSW. Finally, you may then receive a refund of any unexpired CTP insurance and a pro rata refund of the Fund Levy, less the insurer administration fee.

11. How to claim CTP insurance

The best way to make a CTP insurance claim is to use CTPAssist, a free service offered by State Insurance Regulatory Authority (SIRA). CTPAssist will guide you through each step of the claims process.

Contact CTPAssist on 1300 656 919, 8.30am to 5pm, Monday to Friday.

12. Where can I find my CTP insurance?

If you are not sure who provides your CTP insurance, Service NSW provides a free greenslip and registration check. The service is only for vehicles that are currently registered in NSW. Use this service to find your CTP insurer, the expiry date of your CTP insurance and details of registration. This service does not reveal any information about the owner.

13. How to get CTP insurance certificate

The best way to get a CTP insurance certificate is to contact your CTP insurer. It will send you a copy of your current CTP insurance certificate.

14. How to check CTP insurance

See: 12. Where can I find my CTP insurance, above.

15. How is NSW CTP different from the rest of Australia?

NSW CTP is different from the rest of Australia on the basis of fault, liability, injury and compensation. For example:

  • The CTP scheme may be underwritten by government or private insurers.
  • There is not always a choice of insurer.
  • Some schemes consider whether the driver was at fault and others do not.
  • CTP is usually included with registration but in NSW you have to buy it separately before registration.
  • NSW CTP prices are based on many different factors, including age, driving record, type of vehicle and other insurance held.

Use the greenslips.com.au Calculator to find the cheapest NSW CTP prices.

Find out the rules and requirements for CTP insurance and registration in the state or territory where you live:

Australian Capital Territory
Northern Territory
Queensland
South Australia
Tasmania
Victoria
Western Australia