How's my premium calculated?

You can choose to pay monthly, quarterly or annually.

The option to pay monthly or quarterly instalments is not available for policies in NSW, QLD, TAS or the ACT that were last renewed prior to 1 July 2024, or first purchased prior to 21 April 2024 and not yet renewed. It will become available to those policies when they next renew. Excludes travel and business insurance.

For more information read the Premium, Excess and Discount Guides on the policy booklets page.

Our Loyalty Discount is being phased out and replaced with two new discounts: the Relationship Discount and the Multi-Product Discount. As you begin to renew your policies from 1 July 2024, you may become eligible for either or both discounts.

To find out more about the Relationship Discount and the Multi-Product Discount, please see the appropriate Premium, Excess and Discount Guide (PED).

The agreed value is only a one aspect of your policy's premium. As your car ages, the value may decrease but the parts can become more difficult to source in the event of a claim.

There are also other pricing factors that will affect your premium. For more information, please refer to the Premium, Excess & Discount Guide on our policy booklets page.

What you pay for your insurance is based on how likely you are to make a claim. We also consider things like discounts, excess, policy options and government charges.

To find out more about how we calculate your premium, read the Premium, Excess and Discounts Guide on our policy booklets page.

Six month NSW CTP Green Slip policies cost more because of an administration fee involved in processing two payments per year rather than one.

A calculation guide may help you to determine whether you have adequate insurance cover. This will provide you with peace of mind knowing you have the correct coverage should an incident arise.

Your NSW CTP Green Slip premium is calculated based on a number of factors about you and your vehicle, some of which are set by The NSW State Insurance Regulatory Authority (SIRA) including:

• The type of vehicle you drive
• Where your vehicle is garaged

We apply additional risk factors, including:

• Age of youngest driver using the vehicle
• Vehicle age
• Vehicle use (private or commercial)
• At-fault motor claim in last 2 years
• Demerit points
• Years of relationship
• Other motor vehicle insurance
• Vehicle safety features e.g. weight, brakes etc