CTP reduction in NSW for Bikes.

Discussion in 'Australian Motorcycles' started by schroda, Jan 12, 2012.

  1. schroda

    schroda Guest

    A bit of good news regarding CTP in NSW for a change.
    I got a bit lucky, my rego for my Trixie was due mid december.
    But money was a bit tight, so I decided to wait till January.
    Late in December I read on some website, that as of january CTP for
    bikes was to be reduced by up to 30%. But have not heard of it
    anywhere since.
    This was an Initiative of the new state government. A mob I didn't
    vote for and never will.
    But credit where it is due.
    So I rang up NRMA to see about a new CTP for my bike.
    I told the girl at the NRMA about the change that I had read about.
    See certainly thought I "was dreaming".
    My Original CTP with NRMA was $485.33. The revised CTP is now $382.80
    schroda, Jan 12, 2012
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  2. Maybe you were dreaming?

    I've just had a look at greenslips.nsw.gov.au and with the exception of one
    insurer, the prices're just as painful as they've always been.

    Allianz stands out with just wanting $457 for a year. The others though
    range from $543 (QBE) to $604 (NRMA).

    What capacity's your engine? It might be that just the 250s are cheaper?
    Bob Milutinovic, Jan 13, 2012
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  3. schroda

    Nev.. Guest

    It was announced a few weeks ago


    Nev.., Jan 14, 2012
  4. Thanks for the link, Nev.

    Given there're two Vulcan Classics in the provided photo, I'm sure this must
    apply to me - but I'm just not seeing it. Either the RTA proxy web site is
    using out-of-date data (which it shouldn't be, as it's supposed to be a
    "live" comparison), or there's something else afoot.

    I'll give it another try in a week or so, after the civil servants have
    woken up from the holiday sleep, or (if I can be arsed) diddle with
    different postcodes to see if they deem me more likely to kill or
    permanently mame someone by virtue of my locale.
    Bob Milutinovic, Jan 14, 2012
  5. schroda

    Nev.. Guest

    You're looking at a photo of motorcycles attached to a news article on
    skynews website, and you're jumping to the conclusion that the specific
    motorcycles in the photo are directly related to the content of the
    article, rather than the image just randomly plucked by a copy editor
    from a disk file which contains thousands and thousands of images of
    things, so that people who are reading an article about motorcycles will
    be able to see what a motorcycle approximately looks like and won't get
    confused and think that a motorcycle is something completely different.

    Nev.., Jan 14, 2012
  6. Sorry, I forgot to include the obligatory ":p" after that comment. Yes, I
    realise it's a stock photo taken in the USA and has nothing to do with the
    matter at hand (other than, as you say, depicting the variety of vehicle
    they're referring to).
    Bob Milutinovic, Jan 14, 2012
  7. But Bob

    The only motorcyclists who won't benefit from the changes are those who ride
    bikes in the 1126 to 1325 CC class, who will pay $29 more for their CTP
    insurance than they did last year.""
    What about the class of motorcycle with a capacity of over 1325cc
    Such as any Harley other than Sporties and Goldwings and others, since 1982?
    George W Frost, Jan 14, 2012
  8. In aus.motorcycles on Sun, 15 Jan 2012 07:55:08 +1100
    They get cheaper green slips too.

    Pissed me off mightily that did, just what bikes are in the 1200 to
    1325 class that are making big 3rd party claims?

    Sportsters? Old Goldwings? BMW twins?

    Zebee Johnstone, Jan 14, 2012
  9. Mine's a "mid-sized" cruiser with an 805cc engine, so that part's irrelevant
    (or at least it should be).

    I've now re-diddled the RTA form with an "Eastern Suburbs" (as they reported
    in the article) postcode, and even tried a couple of the insurers' own
    online quoting systems, only to discover that indeed I'm no less shafted
    this year than I was last year (+/- a few dollars anyway).

    Re-doing it again with their quoted example of a 500cc bike though, I find
    the prices are indeed lower - as low as $300 from Allianz (still around $390
    from the others though). That's in the 226-725cc range, whereas mine's in
    the 726-1125cc range.

    That of course does nothing to account for weight, power-to-weight or other
    performance criteria - though I've a (in their eyes) "hefty" 805cc engine
    capacity, there're quite a few 250s (and even some 125s) which'll
    out-accelerate and out-speed my bike with ease. Surely they're more likely
    to mame someone?
    Bob Milutinovic, Jan 15, 2012
  10. schroda

    Nev.. Guest

    Not living in NSW I have little knowledge of the green slip system.. but
    I did go to the calculator and plug in some numbers just to get a
    comparison to Victorian CTP. I don't quite understand the breakdown of
    charges. There is a premium, this covers the medical etc expenses
    arising from a vehicle accident. Then there is an MAA premium, which
    covers the cost of accident and hospital expenses, and then there is a
    lifetime care levy, which covers ongoing costs. OK so the bit I don't
    understand is, if the MAA levy covers you to get to hospital after an
    accident, and the cost of hospital services, and the lifetime levy
    covers any ongoing costs, then WTF does the actual insurance premium
    cover you for?

    Nev.., Jan 15, 2012
  11. It covers you against the potentially devastating and utterly life-altering
    loss of the insurance company. We can't have them collapsing, can we? :-/
    Bob Milutinovic, Jan 15, 2012
  12. schroda

    schroda Guest

    My bike is 850 cc.
    I am surprised at the different prices payable by some of the
    contibutors here.
    Personally I found that (previously at least) that I got a better
    price from the NRMA when I went into the shop.

    As I stated before, my original premium due on 16 Dec 2011 was
    When I asked for a revised quote over the phone, it was reduced to
    That to me is substantial. The girl on the phone said she was
    suprised, and had not heard of the changed fees.

    schroda, Jan 15, 2012
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