Compulsory Third Party (CTP) Insurance
What is CTP Insurance?
CTP insurance is an abbreviation for compulsory third party insurance. This insurance provides compensation for people injured or killed when your vehicle is involved in an accident.
CTP insurance is compulsory in all states of Australia. You cannot register your vehicle without having a policy in place. In most states, your CTP is included with your registration, unlike NSW where you must purchase it as a separate step prior to renewing your registration.
States also vary on the basis of other factors, including fault, liability, injury and compensation. In addition, states also have different requirements for vehicle safety and identity checks which must be satisfied prior to registration.
You should acquaint yourself on the rules and requirements for compulsory third party insurance and registration based on the state in which you live.
Information on a state by state basis is available on this website.
Regardless of the state, CTP insurance will not cover you for damage to vehicles (yours or other parties), damage to property or theft. You need to insure separately for losses such as those.
CTP Insurance FAQs
- What is covered by it?
causing the injury is being indemnified against claims for the damage and losses which have been caused.
The answer to this question depends entirely on the state in which you live. In some states there is only one CTP underwriter and the CTP premium is included in your registration. In QLD, ACT and NSW there are multiple CTP insurers. You need to obtain CTP insurance quotes to determine the cheapest CTP price available for those states. You can use the CTP calculator on this website to obtain NSW CTP prices.
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