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 How Greenslip Prices Are Set

How Greenslip Prices Are Set

 

Greenslip insurance is provided by a number of licensed insurance companies who set greenslip premium prices in a competitive market. They may take into account such factors as:


  • your accident history
  • the age of the youngest driver of your vehicle
  • the age of your vehicle
  • the type of vehicle
  • comprehensive or third party property insurance in place
  • the purpose for which your vehicle is used (private or business)

 

The criteria used by a greenslip insurer reflect its views on the risk associated with those factors.

 

Greenslip insurers also have discretion to offer discounts and impose loadings on greenslip premiums within the range allowed by the MAA Premium Determination Guidelines. Decisions about greenslip discounts or greenslip loadings vary between CTP greenslip insurers. It is therefore important that vehicle owners shop around and obtain a number of greenslip quotes.

 

Greenslip prices are not set by the Government, the RTA or the MAA.

(Source maa.nsw.gov.au Nov 2008)

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CONSOLIDATED MOTOR GROUP PTY LTD ACN 164824257 T/as (ValueGreenSlips.com.au). Note: Information available on our website about CTP Insurance does not take into consideration your objectives, financial situation or needs, which you should consider and obtain independent financial advice. You should read and consider the PDS and policy documents before deciding whether to acquire any product mentioned.

* RTA online activation of CTP greenslips are subject to correct information sent to Insurer & customer's vehicle's eligibility for online renewal at RTA including Pink Slip (eSafety Check) being organised by customer wherever necessary. Normal working hours & holiday conditions may also apply.

** During our business hours: Monday - Friday 9:00am to 8:00pm Saturday - Sunday 9:00am to 3pm. Value Greenslips -
19 Levick St., Cremorne, NSW.
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