I need to renew my CTP insurance, how can I compare the price of different insurers?
What should I consider before getting comprehensive or a third party insurance?
How to Compare CTP Insurer?
iceteacake on 30/11/2022 - 20:52
Last edited 01/12/2022 - 09:04 by 1 other user
Last edited 01/12/2022 - 09:04 by 1 other user
Comments
For NSW CTP Green Slips:
https://www.greenslips.nsw.gov.au/
The Green Slip Check is a quick and easy way to get a Green Slip quote comparison from all insurers (for vehicles up to 4.5 tonnes).
All you have to do is give us some basic details and the calculator will do the rest.
For the most part I’ve found minimal differences in CTP across insurers (in NSW).
What should I consider before getting comprehensive or a third party insurance?
The value of your car and whether it's worth comprehensive. There's also third party property. Are you prepared to do all the legwork when you get into an accident without comprehensive insurance? Can you afford to crash into a Ferrari?
Get a Dashcam.
If you cannot afford to be without your car, or have it written off by someone who won’t pay (for whatever reason), you need comprehensive. Also get comprehensive if your car is worth more than a reasonable amount of money (to you)
If you can afford to live without a car or purchase a replacement at short notice from savings the Third Party Property might work for you.
You shouldn’t drive a car on public roads without TPP or comprehensive.
I have never had comprehensive/TPP insurance, except for the 7 years when I had a fully maintained company car and the employer looked after the insurance.
37 years with no "at fault" accidents.
Over 1,000,000km accident free.
Many of those driving taxis or courier vans.
And I get a speeding fine at least once a year…..but no other fines.
A big "shout out" to QBE Insurance for the way that they handle 3rd. party registration insurance.
Once that you have demonstrated to them a "blemish free" points situation, they allow that in the following years, even if you have received subsequent fines.
Not like the other mothers.
It has saved me about $700 over the past 3 years when renewing registration.
They have my repeat 3rd. party business "for life".
I have, of course, never made a claim against my 3rd. party insurance either.I see you are fairly new here. There are a quite large number of threads on this forum about people in a sticky situation because of no insurance or who think CTP covers them.
I’m glad you don’t have any crashes in your driving history but hope you don’t recommend people save money by not getting insurance. It only takes one screwup (from someone else) to undo all the ‘savings’ you’ve made by not paying for insurance.
I’ve been in one relatively serious not at fault crash in an otherwise similar driving history. Just minding my own business on a Sunday afternoon and a car came through a red light and hit the car next to me, then me. I could not avoid this. I didn’t see anything before being hit. Fortunately we were OK, at fault driver had minor injuries. In an insured company car, but had I not been insured it would have made life difficult financially as the car was off the road for a couple of weeks instantly.
Many drivers have very good records. Many drivers never need to claim on insurance but plenty have needed to and based on this forum plenty have needed to claim but don’t have it and have been put in a world of financial pain because they don’t have enough savings to replace/repair a damaged car at short notice, let alone pay for someone else’s repairs.
I might be new here, but I am not new to driving, which I have been doing since I was 14 - now 61.
You made the comment:
"You shouldn’t drive a car on public roads without TPP or comprehensive."
Please advise where you get the authority from to make such a comment.
Society at large, or the legislature, seems not to agree with you, otherwise insurance as you suggested might well be compulsory.I said “you shouldn’t” not “you can’t”. It’s not a legal requirement. It’s an opinion.
In MY opinion (and many others on here) it’s too much of a risk to drive without insurance. Minimum TPP, but only if you can afford to lose your car otherwise you SHOULD get comprehensive.
If you are wealthy enough to be able to replace your own car and repair any property damaged to others you likely don’t need any insurance.
As I suggested from the crash I was involved in if my car wasn’t insured it would have been a significant imposition due purely to a driver being sun blinded and running a red light. I couldn’t see it coming to take evasive action because my view was blocked by the car beside me. If i has no insurance, hiring a car for my job would have come out of my pocket until their insurance came through - something that often takes months.
There are plenty of crashes every day where a perfectly safe driver (such as yourself) is impacted by another completely out of their own control. I too have a pretty good record. Driving since last century, one at fault on my Ps (learned form that) and one not at fault as described. I still won’t leave my driveway without some insurance, just in case. I recommend others do the same because you cannot control what other d-head drivers do. And don’t forget that half the drivers on the road are worse than average skill - and the average ain’t great either.
ctp in qld are same price across insurers as set by gov