You checked your green slip quote last week. Today, you went to buy it and the price is different. What happened?
This is one of the most common questions NSW drivers ask about CTP insurance. The short answer: green slip quotes aren’t fixed prices. They’re estimates based on information at a specific moment. Several factors can change between quote and purchase.
Quotes Aren’t Locked In For Long
Green slip quotes are snapshots of pricing at a specific moment. They’re not binding offers you can hold onto for weeks.
Here’s what affects how long CTP quotes are valid:
Fund Levy Changes
The Fund Levy can change on specific dates set by SIRA. The most recent change was 15 January 2026. If you get a quote before a levy change and don’t purchase until after, your price will be different.
As of 15 January 2026, the Fund Levy is $190.60. Before that date, it was $164.80. That’s a $25.80 jump that has nothing to do with your driving history or vehicle details.
If you got a quote before the levy changed and purchased after, your price went up.
Insurer Rate Changes
CTP insurers update their pricing on average every four months. Some change more often. These updates aren’t announced in advance, so a quote from Monday might not be valid by Friday.
Your Circumstances Change
If you pick up demerit points, have a motor accident, or move to a different postcode between quote and purchase, your risk profile changes, and so does your price.
The only way to truly lock in your price is to purchase your green slip.
Once you pay, the price is set for your policy term (6 or 12 months for light vehicles, passenger vehicles, and light goods vehicles).
Why Is Final Price Different From Estimate?
Let’s walk through a real scenario.
Quote on calculator: $580
Price at checkout: $632
What changed?
The Fund Levy went from $164.80 (old) to $190.60 (new), adding $25.80. The quote had 0 demerit points entered but the record showed 3, adding about $20. The youngest driver was entered as 35 but was actually 22 on file, adding about $6. Total difference: $51.80.
The estimate used outdated levy data and incomplete personal details. The checkout price used real data from the insurer’s system.
How to Get an Accurate NSW CTP Green Slip Quote
Getting an accurate CTP green slip price requires entering the right information. Here’s how to avoid quote surprises.
Use the Green Slip Price Check on Service NSW
The Green Slip Price Check pulls your actual licence data directly from Service NSW records. This gives you prices based on your real driving history, not what you remember or guess.
To use it:
- Go to Service NSW and select Green Slip Price Check
- Enter your licence number and vehicle registration
- The system pulls your actual demerit points, licence class, and address
- Compare CTP green slip prices from all approved insurers
The Green Slip Price Check shows you what each insurer will actually charge, not estimates. This is the most reliable way to compare green slip prices in NSW.
Check Your Details Before Getting a Quote
Before using any green slip calculator, verify:
- Your current address on your licence
- The youngest driver who’ll use the vehicle
- Your demerit point balance (check via Service NSW)
- Your claims history for the past 5 years
Wrong details mean wrong quotes. A green slip calculator can only work with what you enter.
Understand What Affects Your CTP Green Slip Price
CTP insurers set green slip prices based on risk. Higher risk means higher prices. Key factors include:
- Driver age: Younger drivers pay more. If your 18-year-old gets their licence and you add them to your vehicle, expect your green slip prices to increase.
- Vehicle type: Motorcycles, performance vehicles, and goods vehicles have different risk profiles. A CTP green slip for a motorcycle costs more than for a standard sedan.
- Location: Metro areas like Sydney have more accidents than rural NSW. Moving from Orange to Parramatta will change your CTP green slip price.
- Driving history: Demerit points and at-fault claims increase your risk profile. Clean records get better green slip prices.
Comparing CTP Green Slip Prices Across Insurers
Not all CTP insurers charge the same price. In NSW, these insurers offer CTP green slips:
- AAMI
- Allianz
- GIO
- NRMA Insurance
- QBE
- Youi
Each insurer uses their own pricing model. One might offer the cheapest green slip for young drivers while another is better for experienced drivers with clean records.
The State Insurance Regulatory Authority (SIRA) regulates all CTP insurers in NSW. SIRA sets the Fund Levy amount and approves insurer pricing bands. This means there are limits on how much insurers can charge, but within those limits, prices vary.
Why Prices Differ Between Insurers
Each CTP insurer assesses risk differently. Some factors that cause price differences:
- How much weight they give to driver age versus location
- Their claims experience with certain vehicle types
- Business decisions about which customers they want to attract
A green slip price check lets you see all options at once. Don’t assume your current insurer offers the best price.
What Does CTP Green Slip Insurance Actually Cover?
Understanding what a CTP green slip covers helps explain why it’s compulsory and why prices matter.
CTP Green Slip Insurance Covers Injury Claims
A CTP green slip is compulsory third party insurance. It covers injuries to other people if you’re at fault in a motor accident. This includes:
- Medical treatment and rehabilitation
- Lost wages and future earning capacity
- Care and support services
- Lump sum payments for permanent impairment
CTP green slip insurance doesn’t cover damage to other vehicles or property. That’s what third party property insurance does. And it doesn’t cover damage to your own vehicle—that’s comprehensive cover.
Green Slip Covers People, Not Property
Many drivers confuse what their green slip covers. Here’s the breakdown:
- CTP green slip (compulsory): Injuries to other people
- Third party property insurance (optional): Damage to other people’s cars and property
- Comprehensive insurance (optional): Damage to your own vehicle plus third party property
When your green slip quote changed, it has nothing to do with your car’s value. CTP green slip prices are based on the likelihood of injury claims, which depends on driver risk profiles.
How Often Do Green Slip Prices Change?
Green slip prices aren’t static. They change regularly for several reasons.
Fund Levy Updates
SIRA updates the Fund Levy on set dates. Recent changes:
- 15 January 2026: $190.60 (up from $164.80)
Every Fund Levy change affects all CTP green slip prices in NSW. If you got a quote before the levy changed, your price at purchase will be different.
Insurer Pricing Reviews
CTP insurers review their green slip prices approximately every four months. Some adjust more frequently. SIRA must approve any pricing changes.
This means even if the Fund Levy hasn’t changed, individual insurers might have updated their prices since your last quote.
Your Personal Risk Profile Changes
Your circumstances change over time:
- Getting older (usually reduces prices)
- Moving address
- Changes to demerit points (reset every 3 years)
- Claims history aging out
These changes can make your green slip prices go up or down.
Locking In Your Green Slip Price
If you’re worried about price changes, here’s how to lock in your rate.
Purchase Locks the Price
Once you buy your green slip, the price is set for your policy term. You can choose:
- 6-month green slip
- 12-month green slip
Most NSW drivers choose 12-month green slips for convenience. The price per day is usually similar either way.
Renewal Prices May Differ
When your green slip comes up for renewal, you’ll get a new quote based on:
- Current Fund Levy
- Current insurer pricing
- Your current risk profile
Don’t auto-renew without checking. Use the Green Slip Price Check on Service NSW to compare all CTP green slip prices before renewing.
Common Reasons Your Quote Is Higher Than Expected
Let’s address the most frequent reasons NSW drivers see higher CTP green slip prices than expected.
You Have Demerit Points
Demerit points significantly affect green slip prices. Even 1-3 points can add $20-$50 to your annual premium. More points mean higher increases.
Demerit points stay on your record for 3 years from the offence date. After they drop off, your green slip prices should decrease at your next renewal.
You’re Insuring a Young Driver
The youngest driver on your policy has a major impact. Age brackets that affect CTP green slip prices:
- Under 21: Highest prices
- 21-24: High prices
- 25-29: Moderate
- 30-54: Lower prices
- 55+: Varies by insurer
If your teenager just got their licence, expect your green slip prices to increase substantially.
Your Postcode Changed
NSW is divided into risk zones for CTP pricing. Moving to a higher-risk postcode increases your green slip prices. Sydney metro areas generally cost more than regional NSW.
The Levy Increased
Check if a Fund Levy change happened between your quote and purchase. The January 2026 increase alone added $25.80 to every green slip in NSW.
People also ask about changing quotes in green slip prices
Got questions about the quotes? Well, you’re not alone, here are some of the common questions and we have answered them for you.
How long is a green slip quote valid?
Green slip quotes are typically valid for 24-48 hours, but this varies by insurer. Quotes can also become invalid immediately if Fund Levy changes occur or if insurers update their pricing.
Can I get a refund if the price dropped after I bought my green slip?
No. Once purchased, your green slip price is locked for the policy term. Price decreases after purchase don’t result in refunds.
Why is my green slip more expensive than my friend’s?
CTP green slip prices depend on individual risk factors: driver age, location, demerit points, vehicle type, and claims history. Two drivers with identical cars can pay different amounts based on their personal circumstances.
Do all insurers charge the same Fund Levy?
Yes. The Fund Levy is set by SIRA and is the same regardless of which CTP insurer you choose. The difference in green slip prices between insurers comes from their premium calculations, not the levy.
When is the best time to buy a green slip?
Buy your green slip when you’re ready to register your vehicle. Don’t wait if you know a Fund Levy increase is coming. Purchase before the increase date to lock in the lower levy amount.
