Prices for the new, lower cost CTP Green Slip scheme went live today, with a brand new price comparison website launched to help drivers find the best deal.
Premier Gladys Berejiklian today confirmed NSW drivers will save up to $172 a year from 1 December, while Sydney taxi drivers will be more than $3,000 better off.
“The new scheme will deliver much needed savings. Without the Government’s reforms, average premiums would have been $654 in 2018,” Ms Berejiklian said.
“Instead, the overwhelming majority can expect to see a significant reduction on their next bill. However, it’s still important to shop around for the best price, and the best way to do that is by using the Green Slip Price Check website.”
In the new scheme, there will be a new safety net allowing all injured road users to access benefits for loss of income and medical expenses for up to six months, with lump sum compensation retained for those with long-term injuries.
The average Green Slip price for Sydney drivers would be $543 and $414 for country motorists. The average premium for Sydney taxi owners would fall from $8,836 to $5,007 and for country taxis, the average cost will decrease from $5,203 to $2,923.
“We are also delivering refunds to eligible motorists who renewed their Green Slip during 2017. They will be delivered through Service NSW, with further announcements about the process expected shortly,” Ms Berejiklian said.
The closer to 1 December 2017 a vehicle owner pays their premium, the larger the refund. Sydney motorists will save an average of $70 and $30 for country drivers.
The Green Slip Price Check is available at www.greenslips.nsw.gov.au
A table with details on the savings is available at www.sira.nsw.gov.au