NSW Car Rego - Is $1240 Expensive or Normal?

Lyappiah on 21/03/2016 - 10:22
Last edited 21/03/2016 - 11:50 by 1 other user

I have recently received my registration papers from NRMA and the RMS which comes to a total of $1240

NRMA CTP = $887
RMS REGO FEE = $353

Now, for some reason I feel like this is too much compared to previous years.
My car is in my dads name (I thought it'd be cheaper that way).
I am thinking of changing it back to my name now that I am over 25.

Anyways I wanted to know if this amount sounds normal to most you guys and how much you are paying for your rego.
Also would anyone have any recommendation if I was to shop around. Do you reckon I could get it cheaper.

Automotive

Comments

  • fruit on 21/03/2016 - 10:30
    +2

    Mine has never been that high. Do you drive a stupid car with a milo tin?

    • yappiah on 21/03/2016 - 10:43

      No, its just a regular 2007 honda civic

  • humdingaling on 21/03/2016 - 10:43
    +4

    i dont recall mine being that high
    though i never buy NRMA CTP…its always higher than the rest

    did you check here
    http://prices.maa.nsw.gov.au/

    • Elppa8 on 21/03/2016 - 11:58
      +1

      NRMA CTP…its always higher than the rest

      Agree, though their insurance seems to include injury insurance for the driver.

  • tomleonhart on 21/03/2016 - 11:03
    +4

    It's normal.

    CTP has gone up. Mine was 650 last year and any new quote i got for this year is 886.

    300+ for registration is normal too.

    • yappiah on 21/03/2016 - 11:54

      oh fair enough.. thanks

  • Google Chrome on 21/03/2016 - 11:05
    +1

    What have you been paying recently? That is around the same price as my car, this price has been constant for the the past year.

    • yappiah on 21/03/2016 - 11:54

      i paid less than $1000 last year

  • RedHab on 21/03/2016 - 12:15
    +1

    This is normal. You can shop around for CTP and save a few $.

    Most of the CTP money goes to the insurance companies, and the lawyers. Less than half actually makes its way thru to the victims of crashes.

  • Looking4Bargians on 21/03/2016 - 12:54
    +1

    almost 40% cheaper here in VIC. $750 for rego

  • Hellfire on 21/03/2016 - 13:59
    +2

    CTP prices have gone up a lot this year.

    Post code, age of driver, and demerit status are the big deciding factors.

    • yappiah on 21/03/2016 - 21:28

      Cheers

  • bbaskin on 21/03/2016 - 14:37
    +1

    Be careful when you transfer the car to your name, you will be hit with a stamp duty cost of 3% of the cars value ($21-40k for 2007 various civics).

  • noob999 on 21/03/2016 - 21:50
    +1

    Check you CTP Greenslip prices

    If you have demerit points then you will pay higher CTP Greenslip prices ~$200-250 higher

    • Euphemistic on 22/03/2016 - 10:01
      +1

      Which is a complete rort, it should be based on the car not the driver. A pensioner could sell you the car with 12months rego and the CTP doesn't go up to match the new driver, it is fixed for the term of rego.

  • affable on 22/03/2016 - 09:08
    +1

    Just renewing mine now : CTP = $369 from QBE (46yr old), NSW rego is $504 (heavy Outlander PHEV) so total $873
    NRMA is fleecing your dad it would seem, considering he would be at least my age.

  • Elppa8 on 22/03/2016 - 09:56
    +1

    The age of the youngest driver is relevant in the calculation not just the the policy holder.

  • Ozziejack on 22/03/2016 - 11:11
    +1

    We came up from Victoria a few years ago and couldn't believe the differences. NSW is definitely much dearer. The CTP in Vic is run by the government and seems to cover much more than third party in NSW without the need to go to court. I think they save millions in legal costs. Maybe NSW should look at a similar scheme which doesn't provide for insurance company profits. Any profits made in Victoria are spent on road safety. So much for competition between insurance companies, NSW people are getting a lesser quality cover for a greater price.

    • tonyjzx on 22/03/2016 - 14:39

      Every so often a talking head from the Liberals say they are "looking into it" but its all the same shit.

      Apparently 55% of CTP in NSW goes into Admin and Legals. LOL.

  • SoBargainVerySave on 22/03/2016 - 15:48
    +1

    Expensive and normal for people our age. We're very incompetent and shouldn't be on the roads, so they charge us more.

    In all seriousness though, I've never been in an accident, have had maximum rating with all insurers and I still get ripped off on CTP/insurance. The perks of being a 25 year old male.

  • simmos on 22/03/2016 - 22:32
    +1

    Where is the cheapest rego in Aus actually? Tassie?

  • sleek881 on 23/03/2016 - 14:52

    I just got my renewal and it is $677.20.CTP is $336.60 and Rego is 289.85, but thats for Queensland.

  • BargainKen on 24/03/2016 - 10:47

    Depends on your driving record. I managed to get my CTP for $500ish but on the premise of clean driving record. Brother on the other hand not so much.

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