Pensioners in NSW can get free vehicle registration, but there is no pensioner discount on the green slip itself. CTP greenslip prices are based on risk profiles, not your financial status, so under NSW legislation a greenslip premium cannot be discounted for being a pensioner.
To find the cheapest green slip for your situation, compare quotes from all six insurers in our green slip calculator.
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Do Pensioners Get A Discount On Green Slips?
No. Insurers set their green slip prices on factors like your vehicle type and age, your driving history, claims history and where you live, and being a pensioner is not one of them. Whichever CTP insurer you choose, being a senior does not change green slip insurance prices in NSW.
The reason is the law. The NSW CTP scheme requires every compulsory third party CTP policy to be paid in full, with no concession applied to the premium. The market was deregulated back in 1991, so the six licensed insurers compete on price, but none of them can offer a pensioner rate.
This is why pensioners should compare green slip quotes rather than assume a concession exists, because the only saving available comes from picking the cheaper insurer.
Our NSW green slip comparison guide shows how to check all six in one place.
What Registration Concessions Do Pensioners Get?
The green slip stays full price, but eligible pensioners do save on registration. Registration is free for one vehicle per eligible pensioner in NSW, and you pay none of the following on that nominated vehicle:
- Vehicle registration fees, whether the vehicle is conditionally registered or not
- Motor vehicle tax
- Heavy Vehicle Inspection Scheme inspection fees where they apply
The pension concession applies to one vehicle only. If you own more than one, you nominate which vehicle gets the concession, and a jointly registered vehicle needs both owners to be eligible.
You still need to hold a valid greenslip before you can register, even when the registration itself is free.
Full eligibility detail sits on the Transport for NSW pensioner concessions page.
Extra Concessions For DVA Pensioners
Eligible DVA pensioners can receive more than free registration. If you are an eligible DVA pensioner, you may also be exempt from NSW vehicle transfer fees and the associated stamp duty when you buy or transfer a vehicle.
This applies if you receive a Disability Compensation Payment at the 70 percent rate or higher, an Extreme Disablement Adjustment pension, or are assessed at 50 or more impairment points under the Military Rehabilitation and Compensation Act 2004.
Pensioners who receive a Totally and Permanently Incapacitated pension or an Extreme Disablement Adjustment pension are among those covered by these fee exemptions.
Who Is Eligible And What You Need
To claim the concession, you must be a NSW resident with a qualifying pension and show one of the following:
- A current Pensioner Concession Card (PCC) showing a NSW address, issued by Services Australia or the Department of Veterans’ Affairs
- A DVA Gold Card endorsed TPI (Totally and Permanently Incapacitated)
- A DVA Gold Card endorsed EDA (Extreme Disablement Adjustment), War Widow or War Widower
- A letter or statement from DVA confirming a Disability Compensation Payment of 70 percent or higher, an EDA pension, or an assessment of 50 or more impairment points under the Military Rehabilitation and Compensation Act 2004
A pensioner concession card issued interstate cannot be used to claim the NSW concession, so the card must show a NSW address.
How The Concession Is Applied At Renewal
You do not lodge a separate application. When you renew or transfer, you select the pensioner concession and Service NSW checks your eligibility against your card details.
Once your CTP purchase is confirmed and any pink slip safety check has been submitted for vehicles that need one, eligible pensioners can be set up for automatic registration renewal.
With automatic renewal, your insurer notifies Service NSW that your green slip is in place, and your registration can automatically renew without you handling the paperwork each year. You will still get a renewal notice by email or text message, so keep your contact details current.
Vehicles older than five years usually need a pink slip before renewal, so factor that into your timing.
What Affects Your Green Slip Price?
A green slip price depends on how each insurer weighs the details on your record. The main factors are your vehicle’s age and type, where you live, your driving history including any driving offence, demerit points or at fault accidents, and your claims history.
Green slip prices also include the Fund Levy and GST, and businesses with a limited ABN may claim an input tax credit. Because each insurer reads these risk profiles differently, prices vary between the six insurers, so it pays to compare.
See how to keep your driving record clean and save on green slips for practical steps.
Comparing every renewal matters because CTP prices fluctuate, often several times a year. A green slip that was the cheapest last year may not be this year. Our CTP greenslip price comparison guide explains why prices change and why you should check before you renew rather than staying with your current insurer.
For a full breakdown of the costs behind your quote, see why is my green slip so expensive. Some insurers also offer bundled discounts on separate motor vehicle insurance, which is comprehensive cover you can add on top of your CTP green slip.
What A Green Slip Covers
A green slip is the compulsory third party insurance you must hold to register a vehicle in NSW.
It pays medical expenses, rehabilitation and lost income for people injured in a motor vehicle accident, including other drivers, passengers and pedestrians. It does not cover damage to vehicles or property, which is why many drivers add comprehensive motor vehicle insurance on top.
For serious injuries, cover can extend to longer term care, while a serious driving offence can limit what an at fault driver can claim.
Why Choose Greenslips 4 Earth For Your Green Slip?
Shopping around for a green slip can be a hassle, and more so for pensioners on a fixed income. We show each insurer’s rate at a glance so you can compare all insurer prices in one place and make an informed decision in minutes, without contacting each CTP insurer separately.
When you buy an eligible green slip through us, we also help plant trees through our environmental partner.
To get started, get a quote and compare the six insurers using our calculator. Keep your vehicle details and contact details handy so your green slip quote is accurate.
