How greenslip prices are set?
CTP greenslip insurance is provided by a number of licensed greenslip insurance companies who set greenslip premium prices in a competitive market. They may take into account factors such as: your accident record the age of all regular drivers that drive your vehicle the age of your vehicle the type of vehicle comprehensive or third party property insurance the purpose for which your vehicle is used (private or business) renewal or new Greenslip The criteria used by a greenslip insurer reflect its views on the risk associated with those factors. CTP greenslip insurers also have discretion to offer discounts and impose loadings on premiums within the range allowed by the MAA Premium Determination Guidelines. Decisions about discounts or loadings vary between greenslip insurers. It is therefore important that vehicle owners shop around and obtain a number of greenslip quotes. Greenslip prices are not set by the Government, the RTA or the MAA.
