See the table below to find out how much you’re likely to save when the new CTP scheme starts in December 2017.
Prices will be reduced for most classes of vehicles. Prices shown below are based on the average premium under the current 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 now you can compare prices between insurers to get the best price. A new Green Slip calculator will be launched later this year.
A refund will also be available 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 is 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.
Those riders who were not at fault in the accident with more significant injuries will receive up to 2 to 5 years of benefits, depending on the degree of injury.
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 reforms, 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.