See the table of before and after premium prices to find out how much you may save under the new CTP scheme.
Prices have been reduced for most classes of vehicles. Prices shown below are based on the average premium under the previous scheme and the new scheme (as at 1 December 2017).
Note: changes to individual risk factors may affect the amount you save, for example, you add a younger driver to the policy.
If you are purchasing a Green Slip you can compare prices between insurers to get the best price.
A refund will also be available in 2018 for many vehicle owners.
|Vehicle type||Current scheme||New scheme||Dollar saving|
|All vehicles (average)||$652||$528||$124|
|Class 1 Motor Car Metro||$710||$553||$157|
|Class 1 Motor Car Country||$481||$423||$58|
|Class 1 Motor Car Newcastle||$471||$359||$112|
|Class 1 Motor Car Outer Metro||$571||$407||$164|
|Class 1 Motor Car Wollongong||$553||$424||$129|
|Class 3c Goods Vehicle < 4.5t GVM Metro||$979||$816||$163|
|Class 3c Goods Vehicle < 4.5t GVM Country||$449||$400||$49|
|Class 3c Goods Vehicle < 4.5t GVM Newcastle||$579||$458||$121|
|Class 3c Goods Vehicle < 4.5t GVM Outer Metro||$672||$542||$130|
|Class 3c Goods Vehicle < 4.5t GVM Wollongong||$760||$655||$105|
|Class 3d Goods Vehicle 4.5t - 16.0t GVM Metro||$1721||$1396||$325|
|Class 3d Goods Vehicle 4.5t - 16.0t GVM Country||$677||$533||$144|
|Class 3d Goods Vehicle 4.5t - 16.0t GVM Newcastle||$1140||$890||$250|
|Class 3d Goods Vehicle 4.5t - 16.0t GVM Outer Metro||$1181||$932||$249|
|Class 3d Goods Vehicle 4.5t - 16.0t GVM Wollongong||$1045||$811||$234|
|Class 3e Goods Vehicle > 16.0t GVM Metro||$4202||$3533||$669|
|Class 3e Goods Vehicle > 16.0t GVM Country||$2215||$2007||$208|
|Class 3e Goods Vehicle > 16.0t GVM Newcastle||$2384||$1870||$514|
|Class 3e Goods Vehicle > 16.0t GVM Outer Metro||$2599||$1997||$602|
|Class 3e Goods Vehicle > 16.0t GVM Wollongong||$3047||$2310||$737|
|Class 7* Taxi-Cab Metro||$8336||$4947||$3389|
|Class 7* Taxi-Cab Country||$5203||$3093||$2110|
*For ITC-entitled policy holders
Why aren’t motorcycle prices coming down?
Prices for motorcycle Green Slips will not be reduced when the new scheme starts.
In 90% of accidents involving motorcycles, the rider was not able to make a full CTP claim because they are deemed to be at-fault (e.g. there is no other vehicle involved to make a claim against).
Under the new CTP scheme, at-fault motorcyclists will be eligible for medical and income benefits for up to 6 months. So while their Green Slip prices will not go down, the amount of financial and medical support provided to around 1,400 at fault motorcyclists each year will be much greater.
Injured motorcyclists who were not at fault with more than minor injuries can receive benefits beyond six months.
Why are country premiums not coming down as much as other areas?
Average CTP prices are cheaper in country areas than in metropolitan areas.
The average CTP premium for a motor vehicle in country NSW is currently $481 compared to Sydney metropolitan prices of $710.
Under the new CTP scheme, prices will drop in all parts of NSW for motor vehicles and prices will continue to be cheaper in country areas compared to the Sydney metropolitan area.