As of May 2026, there are 6 licensed CTP insurers in New South Wales authorised by the State Insurance Regulatory Authority (SIRA) to sell compulsory third party insurance: AAMI, Allianz, GIO, NRMA, QBE, and Youi.
All 6 offer the same core statutory benefits under the Motor Accident Injuries Act 2017, but their green slip prices, at fault driver cover, and additional benefits vary by insurer and driver profile.
NSW drivers can compare all 6 licensed green slip insurer options using SIRA’s official Green Slip Price Check or G4E’s free service, which saves time and produces meaningful savings at every renewal.
The 6 Licensed CTP Insurers in NSW: 2026 Insurer Guide
Under the NSW CTP scheme, SIRA sets the regulatory framework and reviews each insurer’s premium filings, but the insurers themselves set green slip prices within SIRA-approved bands.
The current licensed insurer list has been stable since Youi joined as the 6th CTP insurer on 1 December 2020. Here’s the verified 2026 landscape.
The 6 Licensed NSW CTP Insurers in 2026
| Insurer | Corporate Owner (2026) | At-Fault Driver Cover Beyond Statutory? | 2026 Notes |
| AAMI | Suncorp Group | No distinct product; statutory scheme only | Sells under the AAMI brand |
| Allianz | Allianz Australia | No distinct product; statutory scheme only | Consolidated the CIC licence in March 2019 |
| GIO | Suncorp Group | No distinct product; statutory scheme only | Also sold under the APIA brand |
| NRMA Insurance | IAG | Yes — markets “At-Fault Driver Cover” as extra cover | Operating under special SIRA licence conditions effective 31 March 2026 |
| QBE | QBE Insurance Group | No distinct product; statutory scheme only | Long-standing licensed NSW ctp insurer |
| Youi | RMIH Group | Limited statutory benefits only (no add-on product) | Became the 6th NSW CTP insurer on 1 December 2020 |
All 6 licensed insurers provide the same core green slip covers because those are set by law under the MAI Act 2017, not by the insurer.
Where they differ is brand, optional at fault driver cover, claims service, and the final price for your specific profile.
Special 2026 Regulatory Context: NRMA Licence Conditions
A 2026-specific development NSW drivers should know about before comparing: SIRA imposed special licence conditions on NRMA Insurance (trading as Insurance Australia Limited), effective 31 March 2026, under section 9.5(2) of the Motor Accident Injuries Act 2017.
The conditions followed NRMA’s reporting of multiple failures in its NSW CTP premium systems.
NRMA remains a licensed NSW CTP insurer and continues to sell ctp green slip insurance, but SIRA’s oversight of the insurer’s CTP pricing processes has been specifically tightened.
NSW drivers comparing insurers in 2026 should be aware of this regulatory context when weighing NRMA alongside the other 5 insurers. Verify current licensing details on SIRA’s official licensed insurer register before purchasing.
Why Only 6 Insurers Sell CTP Green Slip in NSW
The short version: CTP is a heavily regulated mandatory insurance scheme, and not every car insurance company wants the oversight that comes with it. A brief history helps explain:
- After 1998, the number of licensed NSW CTP insurers dropped from 13 to 5
- Youi joined the scheme on 1 December 2020, bringing the count to the current 6
- SIRA authorises insurers under a licensing framework, reviews premium filings, and approves pricing bands
- The Motor Accident Injuries Act 2017 defines the statutory benefits every ctp policy must provide, so insurers compete on price and add-ons, not on core coverage
- Ongoing reporting obligations on claims data, reserving, and solvency add operational complexity
Many general insurance providers focus on comprehensive car insurance, third party property insurance, or health insurance lines where they have more pricing flexibility. The 6 licensed insurers in the NSW ctp scheme have built claims operations specifically for personal injury, which is a different skillset from managing vehicle damage claims.
Insurers That Exited the NSW CTP Scheme
Two historical exits often come up in searches:
- Zurich was a licensed ctp insurer in NSW and withdrew from the scheme in March 2015, citing other business priorities
- CIC operated until March 2019, when Allianz (which owned the CIC brand) consolidated its licences under the Allianz brand
Neither Zurich nor CIC sells ctp green slip insurance in NSW today. If you see old renewal notice documents referencing them, your policy moved to the active licensed insurer during the transition.
Context for 2026: Why NSW Green Slip Prices Rose
Before choosing an insurer, it’s worth understanding the 2026 pricing landscape. The average NSW CTP premium rose from $541 in 2022, to $574 in 2024, to $608 in 2025, an increase of $35 (7%) from June 2024 to June 2025 per SIRA’s Performance Report.
For policies starting on or after 15 January 2026, insurers have filed further price increases.
Key drivers of the 2026 increases:
- Higher claims costs, particularly for weekly benefits and statutory scheme payments
- 2022 legislative changes now compounding into pricing bands through SIRA’s annual review
- Fund Levy adjustments added to every ctp policy
- April 2023 MAI Act amendments extending at-fault statutory benefits from 26 to 52 weeks
Given these rises, comparing all 6 licensed insurers at every renewal is the single most useful habit for new south wales drivers wanting the cheapest green slip for their specific profile.
How to Choose the Right CTP Insurer for Your Situation
Because all 6 licensed insurers provide the same core green slip covers mandated by law, your choice comes down to four practical factors.
1. Green Slip Prices for Your Specific Profile
Price differences between insurers for the same vehicle and driver can be significant. G4E’s analysis of how demerit points affect CTP pricing shows the same demerit record can produce meaningful price spreads across the 6 licensed insurers, with differences exceeding $280 in some profile comparisons. Your own car’s green slip price depends on:
- Vehicle type (passenger vehicles, light goods vehicles, motorbikes)
- Vehicle’s age and first registration date
- Garaging postcode
- Driver’s age (young drivers pay higher premiums)
- Driving history, claims history, and any driving offence on file
- Demerit points (demerit points affect pricing across all 6 insurers, but by different amounts)
- Whether the vehicle is on business use (affects input tax credit for GST-registered businesses)
- The Fund Levy component applied to every ctp policy
Action: Use a green slip calculator or SIRA’s official Green Slip Price Check to compare prices from all 6 insurers for your exact profile. Don’t assume the cheapest prices come from the same insurer year after year, because SIRA-approved pricing bands shift annually.
2. At Fault Driver Cover (Additional Benefits Beyond Statutory)
Under the NSW CTP scheme, at fault drivers receive only limited statutory benefits, not full compensation for serious injuries. Per G4E’s 2026 analysis, NRMA Insurance explicitly markets “At-Fault Driver Cover” as additional cover beyond the scheme minimum.
Youi’s ctp green slip includes only the standard limited statutory benefits for at-fault drivers, and the remaining 4 insurers (AAMI, Allianz, GIO, QBE) rely on the statutory scheme benefits alone.
Historically meaningful context: prior to 1 December 2017, at-fault drivers in NSW were capped at $5,000 for combined medical expenses and loss of income [g4e-at-fault]. The Motor Accident Injuries Act 2017 reforms, effective 1 December 2017, introduced statutory benefits for at-fault drivers for the first time.
Approximately 7,000 people per year are considered at fault in an NSW road accident per former RMS data [g4e-at-fault], so the scheme’s at-fault protection matters to real drivers.
If you’re choosing primarily for at fault accidents coverage, NRMA is currently the only insurer explicitly offering a dedicated add-on. Check each insurer’s current PDS before purchasing.
3. Claims Experience and Service
Core claims obligations are the same across all licensed insurers because the MAI Act 2017 sets the rules. Things worth checking that differ by insurer:
- Whether the insurer assigns a dedicated claims contact or pools claims across a general team
- Typical response time to initial claim lodgement (SIRA publishes scheme-wide performance data)
- Digital claims lodgement vs phone-only processes
- Whether the insurer has a local NSW claims team or an interstate call centre
4. Company Values and Sustainability
This is where a green slip insurer like Greenslips 4 Earth sits. We plant a tree for every CTP green slip sold through our platform [g4e-at-fault]. For NSW drivers who want their compulsory third party insurance spend to contribute to reforestation, this is a values alignment built on top of the same regulatory framework every licensed insurer operates under. You get the same statutory benefits as any other licensed green slip insurer, plus a verified environmental impact per policy.
What Every CTP Green Slip Covers (and What It Doesn’t)
Regardless of which ctp insurance provider you choose, your green slip covers the same core items because it’s mandatory insurance governed by the Motor Accident Injuries Act 2017.
CTP Green Slip: What It Covers vs. Doesn’t
| Green Slips Provide | Green Slip Does Not Cover |
| Medical expenses for injured people in a motor vehicle accident | Damage to your own car |
| Weekly income support for injured claimants, including lost income benefits | Damage to other vehicles or other people’s cars |
| Statutory benefits up to 52 weeks for most claimants, including at fault accidents | Damage to other people’s vehicles (requires third party property insurance) |
| Extended benefits up to 260 weeks for severe not-at-fault injuries | Theft, fire, or vandalism (requires comprehensive insurance) |
| Lifetime Care and Support Scheme for catastrophic injuries | Health insurance claims (separate policy entirely) |
| Optional at fault driver cover (only NRMA markets this as a distinct add-on per G4E) | Full compensation for at-fault drivers (only limited statutory benefits) |
Your CTP policy is one piece of the motor insurance stack. For cover damage to your own car or other people’s vehicles, you need a separate comprehensive cover or third party property damage policy.
A Note on Insurer Brand Names
Some NSW CTP insurers sell under multiple brands.
For example, APIA sells GIO green slips under the Suncorp Group. Always check the insurer code on your vehicle registration papers or renewal notice to identify the actual licensed CTP insurer behind any particular brand you recognise.
This matters especially when comparing claims history across renewals.
People Also Ask
These are the questions NSW drivers most often ask about the 6 licensed ctp insurers, answered against SIRA rules, the Motor Accident Injuries Act 2017, and each insurer’s current published materials.
1. How Many CTP Insurers Sell Green Slips in NSW Right Now?
As of May 2026, there are 6 licensed CTP insurers authorised by SIRA to sell compulsory third party insurance in NSW: AAMI, Allianz, GIO, NRMA, QBE, and Youi. The count can change if an insurer enters or exits the scheme, so confirm against SIRA’s current licensed insurer register before buying.
2. What Does CTP Stand For?
CTP stands for Compulsory Third Party insurance. It’s the minimum mandatory insurance cover every NSW vehicle needs for vehicle registration, and it covers injuries to people in a motor vehicle accident. It does not cover vehicle damage; that requires comprehensive insurance or a third party property insurance policy.
3. Do All 6 Insurers Offer the Same Cover?
The core statutory benefits are the same across all 6 insurers because they’re set by the Motor Accident Injuries Act 2017. Where insurers differ is in optional add-ons like NRMA’s at fault driver cover, claims service quality, and the final price for your specific vehicle and driver profile.
4. Which NSW CTP Insurer Has the Cheapest Prices?
There’s no single cheapest insurer for everyone. Green slip prices are set per-profile based on vehicle type, postcode, driver age, driving history, demerit points, and claims history. The cheapest insurer for a 25-year-old in Sydney may not be the cheapest for a 55-year-old in regional NSW. Always compare prices across all 6 before you buy ctp insurance.
5. Can I Change CTP Insurers at Any Time?
You can change ctp insurers at each vehicle’s renewal. If you cancel mid-term, you’ll typically get a refund of the unused portion (minus any cancellation administration fee), but only through a cancelled registration process. Comparing prices at every renewal is the best practice for NSW drivers.
6. What’s the Difference Between a Green Slip, Pink Slip, and Blue Slip?
Three different documents for three different purposes:
- Green Slip: Your CTP insurance certificate (required for vehicle registration)
- Pink Slip: Annual eSafety Check — most light vehicles more than 5 years old need a yearly safety inspection report for registration renewal
- Blue Slip: AUVIS inspection report (required for unregistered, interstate-imported, or significantly modified vehicles before first registration)
Only the green slip is insurance. The other two are safety inspection reports. Confirm current rules via Service NSW before any inspection.
7. Do Comparison Sites Charge to Compare Green Slip Prices?
No. Most NSW green slip comparison services are free, including G4E and SIRA’s official Green Slip Price Check. You pay the insurer directly once you’ve chosen. The comparison itself costs nothing, and using a free service to compare all 6 licensed insurers before renewal typically saves drivers more than their time investment.
8. Why Are Some Green Slip Prices Much Higher for the Same Vehicle?
Because each licensed insurer weights the same risk factors differently within their SIRA-approved pricing bands. One insurer may penalise demerit points heavily while another weighs postcode more. That’s why comparing all 6 is worth doing every year, especially for young drivers and anyone with recent driving history changes.
9. Does NRMA’s 2026 SIRA Licence Conditions Mean I Shouldn’t Buy From NRMA?
Not necessarily. NRMA Insurance remains a licensed NSW CTP insurer and continues to sell green slips. The special licence conditions effective 31 March 2026 tightened SIRA’s oversight of NRMA’s CTP pricing processes following the insurer reporting failures in its premium systems. As with all major decisions, compare NRMA’s 2026 green slip price for your specific profile against the other 5 licensed insurers before renewing.
About This Article
This article provides general information about the 6 licensed NSW CTP insurers and is not legal or financial advice. The CTP insurer landscape, pricing, and regulatory conditions change, so confirm specifics with SIRA or the licensed insurer before making a decision.
