Green Slip Cost in NSW: What You Pay and What Sets It

Your rego renewal notice arrives and the green slip costs more than last year. Or you're buying your first car and have no idea what to budget. Either way, there's no single NSW green slip price: it depends on your vehicle, who drives it and which insurer you buy from. What we can show you is how the price is built, what SIRA publishes about averages and levies, and where to get a real figure. We checked everything here against SIRA and Service NSW pages on 30 October 2026.

GreenSlipInsurance.com.au is a general information site operated by Dominet BV. This page is general information only and is not financial, legal or insurance advice. It does not consider your objectives, financial situation or needs. We are not an insurer or broker, we don't sell green slips and we don't recommend any insurer. SIRA (the State Insurance Regulatory Authority) is the official source of green slip information in NSW, so check its website or your insurer before you act. Facts were checked on 30 October 2026. Read our general information notice. We don't quote prices. Your real price only comes from an insurer or SIRA's Green Slip Price Check.

The quick answer

The most recent official average comes from SIRA's 2017 CTP Scheme Performance Report to 30 June 2025. It put the average green slip in the 2024-25 financial year at:

The pre-reform figures are SIRA's adjusted comparison with the scheme before 1 December 2017.

Treat these as background, not a quote. "All NSW vehicles" mixes every class of vehicle, from small cars to taxis and trucks, and the figures are more than a year old. Your price could be well above or below them.

What's in the price

SIRA's How prices are set page (updated 15 January 2026) says every green slip price has three parts:

• The insurer's premium. This covers the cost of future claims and the insurer's operating costs, adjusted for your rating factors.
• The Fund Levy. A fee set by SIRA and shown separately on your invoice.
• GST.

SIRA regulates the scheme but doesn't set premiums. If you have a question about a quote, SIRA's green slip site says to ask the insurer.

The Fund Levy in 2026

The Fund Levy is the part SIRA controls. It pays for care that sits outside any single insurer's claims. SIRA publishes the average amount each policyholder contributes:

Source: SIRA, How prices are set, as published on 15 January 2026. These are averages across all NSW CTP policyholders, so the levy on your own invoice may not match them exactly.

What each fund pays for, according to SIRA:

• MAOF: public hospital and ambulance care for anyone injured on NSW roads, plus running the scheme, CTP Assist and the Personal Injury Commission.
• LTCS: lifetime care for people severely injured in a crash, whoever was at fault.
• MAITCB: treatment and care beyond five years for people injured through no fault of their own.

So on SIRA's averages, the levy went up by $25.80 from January 2026, mostly because of the operational fund.

Why prices differ between people

All green slips give the same CTP cover. The price changes because each insurer applies rating factors to its base price. SIRA lists the kinds of things insurers may take into account:

• the age of the drivers
• driving history, including demerit points
• claims history
• the age and type of the vehicle
• where the vehicle is garaged or parked
• whether you have comprehensive insurance on the vehicle
• the insurer's view of its overall risk

There are also things insurers can't use. Under Part 1 of SIRA's Motor Accident Guidelines (version 10.1, in force from 12 December 2025), rating factors can't include race, policy duration, your GST input tax credit entitlement or postcode. Insurers price by broader rating regions instead, and every factor has to be objective, evidence-based and approved by SIRA.

One more factor catches people out. Service NSW says demerit offences in the past 3 years and 4 months can affect your price, even if the points have since been removed from your licence.

Limits SIRA puts on discounts and loadings

Insurers can't charge whatever they like. The same guidelines put a floor and a ceiling around each insurer's base premium (excluding GST).

For a private car, station wagon or passenger 4WD that isn't part of a large fleet:

• if the youngest driver is under 55, the premium can't be less than 80% of the insurer's base premium
• if the youngest driver is 55 or over, it can't be less than 75%

Motorcycles have a floor of 80% of the base premium. There's also a ceiling for each vehicle class, set by a formula in the guidelines that ties the maximum loading to a reference rate SIRA publishes.

You won't see the words "base premium" on a quote, but these limits explain why a younger driver's quote can be much higher than an older driver's for the same car, and why there's a cap on how high it can go.

Six-month green slips

Your green slip term has to match your registration term, so if you pay rego for 6 months you buy a 6 month green slip. It isn't always exactly half the annual price. The guidelines let insurers add a capped surcharge to short policies:

• 6 months: up to $5 added to the annual premium, plus up to 1.5%, then divided by two
• 3 months (quarterly policies, where offered): up to $15, plus up to 2.2%, then divided by four

GST and a pro rata share of the Fund Levy go on top. Each insurer picks its own loadings within those caps and SIRA approves them. Service NSW says that if you renew for 6 months, you must pay the CTP and renew the rego no later than 21 days after it expires. Our renewal guide covers the steps.

Business vehicles and GST

If you use a vehicle in a business and can claim a GST input tax credit, the insurer charges a "some ITC" rate. Under the guidelines it's the normal rate plus a loading of 6.5% to 7.5%, chosen by each insurer. This isn't a rating factor about risk, it's an adjustment for how GST works on CTP. Make sure the ITC status on your quote is right.

Why prices went up

SIRA's 2025 performance report says the average premium rose by $35, or 7%, between June 2024 and June 2025. It gave three reasons: law changes in 2022 that increased benefits for injured people, higher levies, and inflation.

It also reported that SIRA had now recovered a total of about $543 million in excess insurer profits, and was handing it back to motorists through lower levies. That mechanism is called the Transitional Excess Profit and Loss (TEPL) adjustment.

How to find your actual price

• SIRA's Green Slip Price Check. The free Price Check shows quotes from all licensed insurers. Using your licence or billing number gives the most accurate result. Our guide to comparing green slips walks through it.
• An insurer directly. SIRA's guidelines say insurers must give a quote for any vehicle, must let you get one without identifying yourself or giving a rego number, and must not refuse to quote. SIRA lists six licensed insurers: AAMI, Allianz, GIO, NRMA, QBE and Youi.
• Your renewal notice. Renewal offers have to show the pricing factors the insurer used and how to fix any that are wrong.

What this means for you

A dated average is useful for a rough budget and nothing more. The figure that matters is the quote for your vehicle, your drivers and your rego term, and that only comes from an insurer or the Price Check.

When you get a quote, check the pricing factors listed on it: the youngest driver's age, where the vehicle is kept, the vehicle details and any demerit history. SIRA says wrong details can lead to an adjustment charge, the registration being cancelled with reinstatement fees, and penalties. If something's wrong, ask the insurer to correct it before you pay.

Frequently asked questions

What is the average green slip cost in NSW?

SIRA's 2017 CTP Scheme Performance Report to 30 June 2025 put it at $536 for all NSW vehicles in 2024-25, including levies and GST, and $418 for motorcycles. These are scheme-wide averages, not a price for any particular car.

Why is my green slip so expensive?

Usually it's the rating factors. A young youngest driver, recent demerit offences, the vehicle type or where it's garaged can all push the premium up, within limits SIRA sets. The Fund Levy also rose for policies from 15 January 2026.

Is a 6 month green slip half the price of 12 months?

Not quite. Insurers can add a small capped surcharge to 6 month policies (up to $5 plus 1.5% of the annual premium), then GST and a pro rata levy are added.

Is the Fund Levy included in the price I'm quoted?

Yes. SIRA says the total price always includes the Fund Levy and GST. The levy is shown as a separate line on your invoice.

Does a more expensive green slip give better cover?

No. SIRA says all green slips have the same level of CTP cover. The price is the only difference.