CTP Green Slip Insurance

NSW CTP Green Slip Insurance Is Compulsory By Law - But You Still Have A Choice

Compulsory Third Party Insurance, known as a CTP Green Slip Insurance in NSW, has been one of the best initiatives put in place providing every individual - driver, pedestrian, cyclist or whomever – with peace of mind when using Australian roads.

What would happen if you injured someone in a motor vehicle accident and were liable for all the medical treatment costs of the insured person? What would happen if you were severely injured by someone who was unable to pay for your medical costs? You only have to ask yourself these questions to appreciate the true value of a NSW Green Slip with a reliable insurer. Remember, you don’t even have to be driving at the time of the accident. If it is your vehicle, you are liable and it will be your Green Slip that will cover any costs for personal injury that you may be held liable for.

1Cover Car Insurance can provide you with great value CTP Green Slips. Simply call our customer service team on 1300 126 837 for a quote.

Be aware - Green Slip insurance does NOT cover your injuries if you are at fault in an accident nor does it cover the cost of any damage you might cause to your motor vehicle, other vehicles or any other property. To protect yourself against these things, you will need to take out comprehensive motor vehicle insurance. Your CTP Green Slip is solely there to cover you or the driver of your vehicle in the event your vehicle causes injury or death to a third party.

Important Changes to Green Slips - NSW Government Initiative

In Oct 2006, an important government iniative was introduced which increase the level of protection that is available to road users suffering sever injuries as a result of a motor vehicle accident. While the NSW CTP Scheme does not cover injuries sustained by the person that is at fault in an accident, in Oct 2006, the government intoduced the Lifetime Care and Support (LTCS) Scheme which provides compensation for medical care and rehabilitation costs for anyone that suffers catastrophic injury as a result of a motor vehicle accident regardless as to whether or not they were at fault. Catastrophic injury includes such things as quadriplegia, paraplegia and sever brain trauma. The LTCS Scheme is funded by the Medical Care and Injury Services levies which are included as part of your CTP premium.

You Choose Which Insurance Company

Compulsory third party insurance is just that – compulsory - and must be paid before you can register your vehicle anywhere in Australia. However, in NSW, the cost of cover is not equal across all insurers and Green Slip prices can vary. It is important to take the time to make your own Green Slip comparison.

Your CTP insurance provider does not have to be the same insurer that provides you with your general vehicle insurance so you should feel free to obtain multiple Green Slip quotes and compare Green Slip prices. You should also consider other factors such as which CTP insurer provides bonus At Fault Driver Protection insurance as part of their CTP offering and which insurer has the best reputation for handling CTP claims.

Naturally, you want to be assured that any CTP claim made against you will be handled quickly and efficiently. This would especially be the case if it was a friend or family member that was injured in a motor vehicle accident that was your fault. So go beyond the Green Slip quote and be assured of the standard of the company.

Quality, reliable CTP Green Slip Insurance does allow you to rest a little easier. And, naturally, 1Cover can provide you with motor vehicle insurance. Visit our car insurance website for a quote today.

Auto insurance is a fantastic peace of mind in our fast paced world. However staying alert and observing the speed limits and road rules to safeguard your life and the lives of your loved ones is worth far more.

1Cover management and staff wish you safe driving.