RateCity.com.au
Advertisement

What is compulsory third-party insurance?


Nick Bendel

Nick Bendel

1 min read

Compulsory third-party insurance, also known as CTP insurance or a green slip, is compulsory if you want to register a vehicle in Australia. If you’re responsible for a car accident, your compulsory third-party insurance will be used to pay any compensation due to anyone who might be injured or killed. However, compulsory third-party insurance doesn’t cover you for vehicle damage or theft.


Compare your product with the big 4 banks, or add more products to compare