Why to Buy Standard Green Slip for Car?

Getting CTP insurance cover is a separate but compulsory step in the process of registering a vehicle in NSW. All over Australia, Compulsory Third Party (CTP) insurance provides financial protection to drivers against personal injuries caused to a third party in a vehicle accident. In NSW, this insurance is known as a ‘Green Slip’ due to the color of the form it’s printed on. Having CTP insurance is a condition of motor vehicle registration in NSW. 

Unlike in some other states and territories, drivers in NSW are free to choose their own CTP insurance provider. When it comes time to renew your vehicle’s registration, the insurer who provided you with cover for the previous year will usually send out a renewal notice.

CTP insurance is the most basic level of cover and does not provide financial protection for:

• Damage to property.
• Damage to your vehicle or any other vehicles. 
• Fire, theft or vandalism. 

CTP insurance does cover compensation for any injuries or death resulting from an accident involving your vehicle. Costs covered might include hospital, medical and rehabilitation costs, compensation for loss of earnings and/or pain and suffering, travel and household support.

Basically, you will be indemnified for claims made against you by other road users, whether they be the other driver, passengers, pedestrians, cyclists, motorcyclists or pillion passengers. There are six insurers licensed to provide Green Slips in NSW. These are AAMI, Allianz, GIO, CIC Allianz, NRMA, and QBE. Prices vary between each of the insurers so it is strongly suggested that you shop around for the best deal. All Green Slips have the same level of cover and protection, however, some insurers offer additional cover like ‘at-fault’ cover.

When buying a Green Slip for Car you must give your insurer accurate information about your vehicle, yourself and any other people who drive your vehicle. If you are a person injured, your greenslip may provide limited cover, up to first $5000 of treatment costs and lost income incurred in the first six months after an accident.

So, ensure safety with affordable Car Greenslips.