Compulsory Third Party Insurance, or ‘Green Slip’ as it’s known in New South Wales and ‘MAI’ in the Australian Capital Territory, is a mandatory type of insurance that you purchase along with your vehicle registration. This isn’t the same as Third Party Car Insurance. In most states, CTP/MAI is included with your registration fees, however if you’re in New South Wales or the Australian Capital Territory, you’ll have the option to nominate which insurer will provide your CTP/MAI cover when you pay for your registration.
CTP/MAI Insurance can cover you or the other driver’s liability if someone is injured in an accident – be it you, other drivers, passengers, pedestrians, or cyclists. Bingle doesn’t offer CTP Insurance, however you can purchase it from AAMI or GIO.
Third Party Car Insurance, on the other hand, is a level of insurance that only covers damage you cause to other people’s car and property, ie damage caused by your car, but not your legal liability for injuries.
What do I do If I purchased Third Party Car Insurance instead of CTP
Bingle doesn’t offer CTP insurance, so if you’ve purchased Third Party Car Insurance from us and tried to register it with your state or territory’s road authority as CTP Insurance, you won’t be allowed to register.
If you need to cancel your Third Party Car Insurance, follow this link to log in. Then, look for the big yellow button that says ‘Cancel Policy’.
If you cancel your policy within 21 days of purchasing it – and you haven’t made a claim – you could be eligible for our cooling off period, where you can cancel your policy and receive a full refund. Read this article for more information on our cooling off period.