Changes to paying your premium in instalments from 1 July 2023. From 1 July 2023, changes were made to the requirements you must meet when paying your taxi’s CTP Insurance premium in instalments. Changes were also made to the way your premium is calculated.
NSW CTP Taxi Payment
Taxi owner in NSW? Pay your CTP Insurance upfront or in instalments
What are my payment options?
Option 1: Paying the full annual premium upfront
If you travel more than the annual kilometre allowance, you won’t be eligible for a refund at the end of your policy period. You can still choose to pay for your premium in instalments or to simply pay the full premium amount upfront.
Option 2: Paying your premium in instalments
Paying your premium in instalments allows you to spread the cost of your insurance across the year. If your vehicle travels less than the annual kilometre allowance, you may also be eligible for a refund at the end of your policy period.
Paying your premium in instalments
For new and renewing policies:
- You must provide odometer readings by emailing a copy of your annual eSafety Check Report to theAllianz taxi team. If you don’t supply the report, you won’t be eligible for a refund
- We’ll only pay refunds for vehicles that travel a low number of kilometres at the end of each period of insurance.
- You must make instalment payments directly to us online or by calling 1300 652 664
- Your vehicle’s registration will be suspended if you don’t make payment by the instalment due date
To pay for your premium in instalments, you must follow the steps below.
Select the instalment payment option
Make sure you let us know when buying or renewing your policy that you’d like to pay your premium in instalments.
You’ll need to pay upfront either:
- a third of the full annual premium amount for Metropolitan taxis or
- half the full annual premium for non-Metropolitan taxis
Submit your eSafety Check Report to us
After buying or renewing your policy, email a copy or photograph of your eSafety Check Report to the Allianz taxi team. The report must be from an approved Authorised Inspection Station and must clearly show your vehicle’s odometer reading.
You must send your report to us within 30 days of your policy start date to be eligible for a refund at the end of your policy period.
Pay your instalments on time
We’ll send you a notice requesting payment of each instalment as it falls due. You must make your payment directly to us online or by calling 1300 652 664.
If you don’t pay by the due date shown on your instalment notice, your vehicle’s registration will be suspended.
Submit your next eSafety Check Report to us
To renew your vehicle’s registration at the end of your period of insurance, you’ll need to complete your next eSafety check.
You can email this report to the Allianz taxi team so we can determine if you’re owed a refund on your premium. We’ll also use it to record the starting odometer reading for your next period of insurance if you want to continue to pay in instalments.
Not a taxi owner but want to learn about CTP insurance in NSW? Find out why we’re one of Australia’s leading insurers.
Frequently asked questions
No. If you provide your eSafety Check Report at the start and end of your policy period, we’ll calculate any refund that is owing and pay it to you.
When your annual eSafety Inspection is completed by an Authorised Inspection Station, the details of that check are transmitted electronically to Transport for NSW (TfNSW). When this is done, a standard TfNSW report is generated as evidence of the inspection. You’ll need to send this eSafety Check Report to us as proof of your vehicle’s odometer reading. We won’t accept any other type of report.
If for any reason you need to cancel your vehicle’s registration during your policy term, you may still be eligible for a refund if you can provide an eSafety Check Report confirming the odometer reading of your vehicle at the time of cancellation. We’ll calculate any refund that might be owing to you based on the number of kilometres you’ve travelled by the cancellation date. We’ll also determine if you’re entitled to a refund of any unused portion of the minimum premium that was payable to us.
If you need to either replace or make any changes to your vehicle’s odometer, you must notify Fair Trading NSW and get their approval. A standard notification form can be found on their website. This notification form will display the final reading of your expiring odometer and the opening reading of your replacement odometer. To be eligible for a refund at the end of your policy period, you must provide the notification form along with the written approval from Fair Trading NSW to the Allianz taxi team. To be eligible for a refund, your odometer reading must be replaced before it reaches 999,999km.
If you don’t make payment for your instalment premium by the due date, a request can be made to Transport for NSW to suspend your vehicle’s registration. If you don’t make payment within 14 days of the suspension date, your registration will be cancelled. If you make payment after your vehicle’s registration has been suspended, you’ll need to pay a fee to lift the suspension. This fee is set by Transport for NSW.
It’s illegal for you to operate the vehicle while your registration is suspended or cancelled. Driving a suspended or unregistered vehicle on a road or road-related area in New South Wales is an offence. Penalties also apply for driving an unregistered or uninsured vehicle.
Once the registration is cancelled, your vehicle won’t be covered by Compulsory Third Party insurance. Amounts paid as compensation for death or injury arising from the use of the uninsured vehicle may be recovered from you. Driving an uninsured vehicle on a road in NSW is an offence that carries a maximum penalty of $5,500.
Your eSafety Check Report must be submitted to us within 30 days from the start of your policy. You won’t be entitled to receive any adjustment to your premium based on the number of kilometres travelled if you don’t submit your eSafety Check Report within this time.
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