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Can you use Afterpay to pay your Green Slip?

By  AAMI

Green Slip insurance payments can’t be made in instalments using apps like Afterpay. The full price of your Green Slip, or CTP Insurance, needs to be paid in full before your Green Slip can be processed.

Why can’t you offer Afterpay for Green Slips?

All Green Slips are a cash for cover product – meaning insurers require full payment before insurance is taken out. 

Fortunately, your Green Slip payment can still be made online with AAMI Insurance . Our secure payments service accepts any VISA Card, MasterCard, or American Express credit card online.

Other payment options for your CTP Insurance

AAMI makes it easy to pay your CTP Insurance with convenient payment options. You can choose to:

  • pay online (with a Visa, MasterCard, or American Express),
  • pay over the phone,
  • pay at your nearest Australian Post Office – whatever works for you, or
  • use Eftpos to make a payment.

Check out all the ways you can pay online for your NSW CTP insurance.

Can you use Afterpay to pay your other bills?

Afterpay was designed as a payment mechanism for online or in-store shopping only. So, while you can use it to make purchases, you can’t use it to pay your bills.

How do ‘buy now, pay later’ services like Afterpay work?

Services like Afterpay allow eligible shoppers to buy now and pay later with no interest, no credit checks, and no fees when payments are made on time. The services are available at thousands of retailers via the Afterpay app and a growing number of other providers like Suncorp Bank.

When you make a purchaseusing a buy-now-pay-later service, your payments are generally split into four instalments . You make an initial down payment against a purchase, then you have about six-weeks to make your remaining payments with most providers.

Some providers don’t specify a minimum required purchase amount. However, you may be subject to purchase requirements set by the retailer you’re buying from.

More info on NSW Green Slips

In NSW, all vehicles except trailers and caravans must have CTP Insurance — also known as a Green Slip. CTP Insurance covers costs related to death and personal injury caused when you or the person driving your vehicle is at fault in an accident. In some circumstances, CTP Insurance covers you regardless of who was at fault.

How to renew your AAMI Green Slip

If you live in NSW and need to renew your AAMI CTP Green Slip Insurance, then we keep the process pretty simple!

Good to go? The process will only take a couple of minutes. You’ll need:

  • to ensure your details are up to date
  • your renewal notice from AAMI
  • renewal notice from Transport for NSW (TfNSW)
  • your Payment Reference Number (PRN), and
  • your email address.

Once you’ve paid, we’ll send a Green Slip to Transport for NSW (TfNSW) immediately.

If your car is more than five years old, you may need to arrange a safety inspection before you renew your Green Slip. Your TfNSW, formerly RMS, renewal notice will let you know if this applies to you.

Pay and renew your Green Slip now

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Insurance is issued by AAI Limited ABN 48 005 297 807 trading as AAMI. Read the relevant Product Disclosure Statement before buying this insurance. The Target Market Determination is also available. This advice has been prepared without taking into account your particular objectives, financial situations or needs, so you should consider whether it is appropriate for you before acting on it.

The information in this article is intended to be of general nature only. We do not accept any legal responsibility for any loss incurred as a result of reliance upon it – please make your own enquiries.