What is the CTP Insurance premium?

Your insurance premium is the amount you pay for your policy. It’s calculated using a range of factors, and it can be different for each person. Some of the things we consider include: vehicle details – such as the make, model, vehicle age, and insurance history of the vehicle , driver history – including the youngest driver’s age, driving record, previous claims and any demerit points, region – the area in which the vehicle is primarily garaged and used, the length of cover (6 or 12 months), and if the vehicle is registered for private or business use. As these factors change, your premium may also change. This isn’t a full list, and the factors we use may change over time. Each factor can affect your premium differently, which is why your premium might change when you renew your policy. Other things that can influence your premium include (but are not limited to): the cost of claims (for example, medical and health care services) and what we expect to pay in the future, our business costs, and conditions in the insurance market. To obtain a CTP Green Slip, which is required to register your vehicle, your total premium also includes GST and the Fund Levy.

What is the Fund levy?

The amount you pay for your CTP Green Slip includes your Premium, GST and Fund Levy. The Fund Levy covers initial ambulance and hospital fees, along with longer term treatment and care for people with severe injuries resulting from motor vehicle crashes. To learn more about CTP Green Slip premiums visit the SIRA website.

What factors affect CTP premiums?

Your CTP Green Slip premium is based on a combination of factors which reflect the overall level of risk. These include but are not limited to: vehicle details – such as the make, model, vehicle age, and insurance history of the vehicle, driver history – including the youngest drivers age, driving record, previous claims and any demerit points, region – the area in which the vehicle is primarily garaged and used, the length of cover (6 or 12 months), and if the vehicle is registered for private or business use. As these factors change, your premium may also change. We regularly review these factors, and premiums may change as risk profiles or regulatory requirements change. To learn more about CTP Green Slip premiums visit the SIRA website.

Why is my CTP renewal more expensive this year when my information has stayed the same?

Several factors can affect the price of your policy even if your details haven’t changed, including but not limited to the age of your car, the youngest listed driver and the costs of potential future claims as well as an insurer’s operational costs. Each year, prices are also influenced by changes in government levies and the rising cost of medical and care services for people injured in motor vehicle crashes. To learn more about CTP Green Slip premiums visit the SIRA website.

How can I reduce my CTP insurance premium?

Premiums cannot be discounted, and premium bands are approved by SIRA. To ensure you have the right premium, you should check that your vehicle and driver details are up to date. Safe driving where you avoid demerit points and at fault accidents may result in lower premiums.

How long does it take for my CTP Green Slip to go through to TfNSW?

It depends on the method you use to pay for your CTP Green Slip . If you pay online, by phone, or at a GIO Agency, it will be sent to TfNSW within an hour of payment. If you pay at an Australian Post Office, it will take up to 2 business days for payment to reach TfNSW.

NSW Green Slip CTP Insurance payment/renewal

Thanks for insuring with GIO. To make things easy, you can choose from a few simple options to update your policy or pay your renewal.

Pay onlineFastest & easiest way to pay

Quick pay

Pay a new or existing policy

Pay all new policies and renewals
Receive email payment confirmation
No online login required

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Other ways to pay

Phone

Call our dedicated CTP payment service on 1300 663 417

Any update of vehicle or drivers of the vehicle or to obtain your Payment Reference Number (PRN), please call 13 10 10 and speak to a consultant.

Check our contact hours.

In Person

Visit your nearest GIO Agency or Australia Post Office to pay your insurance over the counter.

Online

Log in to GIO My Account to pay or edit your policy details – including renewal term, driver details and driving history.

Important Information

Payment of a Green Slip online, by phone or at a GIO agency will result in an eGreen slip being sent to TfNSW immediately. Payment at a post office will take up to 2 business days for the eGreen Slip to reach TfNSW.

If you are a pensioner and eligible for the TfNSW auto registration renewal please visit the NSW Government website.

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Frequently asked questions
For making a payment

Your insurance premium is the amount you pay for your policy. It’s calculated using a range of factors, and it can be different for each person.

The amount you pay for your CTP Green Slip includes your Premium, GST and Fund Levy.

Your CTP Green Slip premium is based on a combination of factors which reflect the overall level of risk.

Several factors can affect the price of your policy even if your details haven’t changed, including but not limited to the age of your car, the youngest listed driver and the costs of potential future claims as well as an insurer’s operational costs.

Premiums cannot be discounted, and premium bands are approved by SIRA.

Payment will reach TfNSW within:

1 hour, if you pay online, by phone, or at a GIO Agency
2 business days, if you pay at an Australia Post Office

If you have a light vehicle (vehicles with GVM less than 4.5 tonnes), you can choose between a 6 month or 12 month term.

As long as you pay for both the CTP Insurance and registration within 21 days of the due date, you can choose a 6 month term for the renewal of your CTP.

If it’s been more than 21 days since your registration was due, you can only choose the 12 month period, unless there are ‘extenuating circumstances’ for us to accept the late payment.

You can manage your NSW CTP Green Slip online. You can register or log into GIO My Account to pay or edit your policy details including renewal term, driver details and driving history.