CTP GREEN SLIP PRICES DROP AND COUNTRY MOTORISTS REAP SAVINGS

Monday, 13 November 2017

MEMBER for Northern Tablelands Adam Marshall today welcomed an improved NSW CTP Green Slip scheme that he said would deliver impressive savings to motorists throughout the region.

Mr Marshall said 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.

“Country motorists will save up to $172 a year from 1 December, while country taxi owners will be more than $2,200 better off,” Mr Marshall said.

“Any relief in recurring costs is welcome and this new scheme will deliver real savings and includes a refund for on CTP Green Slips purchased this year.

“Without the state government’s reforms, average premiums would have risen to $654 next year, adding a greater burden to already stretched household budgets.

“Instead, the overwhelming majority can expect to see a significant reduction on their next bill and can easily shop around for the best price by using the Green Slip Price Check website.”

Under 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.

“This is brilliant news for all motorists with a CTP price reduction for the first time in most drivers’ memories,” Mr Marshall said.

Refunds to eligible motorists who renewed their Green Slip during 2017 will be delivered through Service NSW, with further announcements about the process expected shortly.

The closer to 1 December 2017 a vehicle owner pays their premium, the larger the refund. 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

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