Nsw Greenslip - Compulsory Third Party Insurance - Rip Off

[blowhard]

Hi All,

For those of us in NSW beware of Greenslip CTP insurance renewals sent out by a major insurance company - this CTP offer was for a private vehicle - Forester turbo - proposed cost $634.21 !!!!!

Having just registered another vehicle - CTP cost $481, I was immediately on rip off alert.

I then went to the Motor Accidents Authority website http://prices.maa.nsw.gov.au/ and after entering all the data into the price calculator I was given a range of approximate costs from 7 insurance companies (including the company that had sent me renewal notice). Prices ranged from $485 - 746, with $515 as the approximate costing from the insurance company offering me the renewal.

I rang the insurance company and queried the renewal notice and was told that the pricing difference was due them not having information as to the whether the car was comprehensively insured. They provided an updated quote close to that from the MAA site.

I contacted the company offering the cheapest price and requested a renewal policy be posted out. Maybe cheapest as they also hold the comprehensive insurance policy.

The MAA site calculator shows that when no comprehensive insurance is held for the vehicle the quotes increase for some companies by over $200, and is the same as sent out with the renewal offer.

SO BEWARE DON'T JUST PAY WHATEVER PRICE IS ON YOUR GREENSLIP RENEWAL

For NSW drivers check the MAA website for prices and talk to the insurance companies, I'm sure that many many people just pay whatever price they are sent, and the insurance companies will take your money and never tell you they have ripped you off.

Like most things buyer beware always question, check, compare and then decide. Never just accept what is offered.

Stay safe

Blowhard

[PookeyMaster]

Ours never vary by more than $15 from cheapest to dearest.

[stevanford]

I'm under 25. No chance for me to get mine under $700

[sxmachine]

theres a place in liverpool that does greenslips they are called transwest 96017166 got given there number by a work friend who swears they are the cheapest you will get

Sent from my GT-I9100 using Tapatalk 2

[dbXR60]

Some insurers seem to be trying to take advantage on renewals - not just greenslips, but all types of insurance. I noticed GIO trying this out on my elderly parents.

Ring them up and they reduce the price significantly - hundreds of dollars. F them, I still swtich to someone else. Not doing business with anybody trying to pull such a shamefull rip off.

Edited 30/06/12 01:26 AM by dbXR60

[PookeyMaster]

  On 15/06/2012 at 9:04 AM, stevanford said:

I'm under 25. No chance for me to get mine under $700

Only good part about having a poweful car, it has no effect on your Greenslip premium, it's all to do with age.

[RICFORD]

$935 for rego & greenslip.