What is CTP insurance QLD? Top 8 frequently asked questions to help you understand compulsory 3rd party insurance QLD and to choose the best CTP companies for your needs.

CTP is an acronym for Compulsory Third Party Insurance and is a requirement in all states and territories in Australia. It is a registration requirement by law providing the owner and driver liability protection in the event of a motor vehicle accident.

Why is it called CTP?

Firstly, you need to understand there are 3 parties to compulsory third party car insurance:

  1. The first party is owner or driver of the vehicle at fault
  2. The second party is the CTP insurer of the vehicle at fault
  3. The third party is the injured person

Where Do I Find My Current CTP Insurer?

If you have a vehicle currently registered you can find the Third Party Compulsory Motor Vehicle Insurance details on the registration notice of your current CTP insurer.

What Doesn’t Compulsory 3rd Party Car Insurance Cover?

Many motorists especially those who have just moved to Australia think that CTP covers them for damage done to property or a motor vehicle but it doesn’t. Also, CTP does not cover a driver who is totally at fault for a vehicle accident.

What Does A CTP Insurance Policy Cover?

CTP covers the owner and driver for legal liability that causes bodily injury or death to another person arising from a motor vehicle accident.

It is good value insurance because it is unlimited indemnity meaning unlimited exemption from liability for damages.

How Do I Choose A CTP Insurance Company?

Let’s be honest most people will just go for the cheapest CTP on offer from any insurer but it is worth considering other factors before choosing a CTP insurer like:

  • Can you purchase online, by phone or in person
  • Terms and conditions and additional discounts
  • Additional features like at fault driver cover
  • Add-on products or incentives

Also, if you purchase an unregistered car in QLD and you consider the vehicle is in a roadworthy condition (safe operating condition) some companies will allow you to obtain your CTP insurance cover over the phone. I have found Suncorp insurance to be very accommodating when I have bought an unregistered car.

This is very handy because after you have bought the CTP insurance they will send the certificate of insurance to your email address. You can then print out the documents so you can drive to the nearest Authorised Inspection Station to get a roadworthy certificate (safety certificate).

If the vehicle passes a roadworthy then you can drive to the nearest Queensland Transport and Main Roads centre to get the vehicle registered. Watch the video playlist to learn more. Also, you can get your roadworthy certificate from Mobile Roadworthy Brisbane if that is a more convenient or safer option for you.

Remember: CTP does not cover damage done to property or a motor vehicle so you still need to get third party and property or comprehensive car insurance.

Can I Change My CTP Insurer?

You can nominate to change your CTP insurer at any time but the changes don’t come into effect until the next registration period. You can check when your current registration expires by doing a free rego check and you must change your CTP insurer before you make payment and the due date.

How Do I Calculate My CTP Insurance Qld?

Thanks to the Motor Accident Insurance Commission (MAIC) which is the regulatory authority responsible for the ongoing management of the Compulsory Third Party (CTP) scheme in Queensland have developed a CTP Premium Calculator which gives rates from all licensed CTP insurers.

*Please note: This information is a guide only and cannot be used as a reference to a point of law.