GIO brings down the cost of CTP insurance

Share Canberra's trusted news:

cars

WITH Costco petrol (for members) diving under a dollar per litre there’s more good news for Canberra’s motorists as GIO have announced the first ever reduction in Compulsory Third Party (CTP) insurance premiums.

GIO is reducing the price for a private car to $568.60, down from $590.20.

“When GIO entered the CTP insurance market 18 months ago, we were determined to offer ACT motorists choice and value,” said Paul Lawton, CTP Portfolio Manager ACT.

“It’s great to be able to deliver this reduction in price to GIO customers.

“This price drop will make GIO CTP insurance $20 less than our nearest competitor for a private car.

“Competition means you have options, and I encourage people to make a choice when it comes time to renew their rego,” said Mr Lawton.

The reduced pricing will take effect from 1 March 2015. Registration renewal notices with the new prices will begin being posted to customers this Friday 15 January.

GIO will cease offering the current rebate to eligible drivers for CTP policies from 1 March 2015.

Who Can You Trust?

In a world beleaguered by spin and confused messages, there's never been more need for diverse, trustworthy, independent journalism in Canberra.

Who can you trust? Well, for more than 25 years, "CityNews" has proudly been an independent, free, family-owned news magazine, serving the national capital with quality, integrity and authority. Through our weekly magazine and daily through our digital platforms, we constantly and reliably deliver high-quality and diverse opinion, news, arts, socials and lifestyle columns.

If you trust our work online and believe in the power of independent voices, I encourage you to make a small contribution.

Every dollar of support will be invested back into our journalism so we can continue to provide a valuably different view of what's happening around you and keep citynews.com.au free.

Click here to make your donation and you will be supporting the future of journalism and media diversity in the ACT.

Thank you,

Ian Meikle, editor

Previous articleAssault in the Woden Bus Interchange
Next articleJeremy Hanson calls once more for the head of Joy Burch

Leave a Reply