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Green slip prices to drop

to under $600
Published 23rd June, 2017 in Transport

New CTP reforms will reduce green slips prices for NSW motorists from 1 July 2017.

After 1 July 2017, green slips will reduce to under $600 for Sydney motorists after a five
per cent reduction from insurers.
Sydney passenger vehicle owners will see reductions of $180 on the average premium
and country drivers will see a decrease of around $50. Taxis owners will also see a 40
per cent decrease on the average premium.

QBE is offering the best price in the market at $588, a $25 reduction on the current
price.

Insurer price changes from 1 July 2017


Today Prices versus
1 July 2017

Prices* available on the Expected prices* as at $ %


Insurer market today ($) 1 Jul 2017 ($) change change

AAMI 622 595 -$27 -4.3%

Allianz 623 611 -$12 -1.9%

CIC 673 663 -$10 -1.5%


Allianz

GIO 606 590 -$16 -2.6%

NRMA 640 597 -$43 -6.7%

QBE 613 588 -$25 -4.1%

Average** 621 596 -$25 -3.9%

* Price is the best price offered for a new customer, private use Sydney passenger vehicles with youngest driver aged 30 to 54
** Average excludes CIC Allianz because they mainly deal with commercial vehicles

Minister for Finance, Services and Property Victor Dominello said green slip prices had
risen by 80 per cent since 2008.

Since the CTP fraud crackdown commenced in February, weve seen a noticeable
decline in claims for soft tissue and minor injury and an increase in the number of claims
being withdrawn, Mr Dominello said.
This behavioural change is already starting to have a positive impact on premiums.

Compare green slip prices online

Copyright Department of Premier and Cabinet 2017

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