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CTP Insurance Victoria
CTP Insurance Victoria
Written by
Kervin Mathew
Edited by
Ellie Garran
Reviewed by
Toby HagonCompare car insurance policies the easy way
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What is CTP insurance?
Long story short
CTP insurance is built into your rego
In Victoria, CTP insurance is included in your car registration as the Transport Accident Commission (TAC) charge.
CTP helps cover medical costs, income support, and rehab
It doesn’t cover damage to vehicles and property – so additional insurance is worth considering.
Your postcode affects your premium
Aside from your vehicle type, CTP premiums are tied to where your vehicle is garaged. A postcode in a high-risk zone could mean a higher premium of $573.10 per year.1Transport Accident Commission – Transport accident charges including GST and duty, p3
Road safety gets a boost
Your TAC charge doesn’t just cover claims; it also funds road safety programs and campaigns to reduce accidents and make Victorian roads safer for everyone.
What is CTP insurance?
CTP insurance stands for compulsory third-party insurance. In Victoria, it is included in the cost of your vehicle registration and helps provide compensation for people injured or killed in road accidents.
On average, CTP insurance provides financial assistance to more than 45,000 injured Victorians per year. It comes in the form of treatment and income support while they get back on their feet after accidents.2For more information, see Transport Victoria – What does my rego pay for
Do I need CTP insurance in Victoria?
The short answer to this question is, yes. As the name suggests, CTP insurance is compulsory. In Victoria, CTP is paid to the Transport Accident Commission. It covers you for any personal injuries to or death of another person as the result of an accident involving your vehicle.
Bear in mind that this is the most basic, minimum requirement of car insurance and will not protect you if there’s damage to your car or any other vehicle or property involved in an accident.
Is CTP insurance included in my vehicle registration?
Unlike some other states, Victorian drivers are spared the step of comparing, selecting and paying for CTP insurance.
Instead, the premium is included in your annual registration renewal fee and goes directly to the Transport Accident Commission (TAC).
The charge appears on your VicRoads renewal notice as ‘TAC Premium’ or, in some places, ‘TAC Charge’.
How much does CTP insurance cost in Victoria?
The cost of your premium or TAC charge will vary according to several factors, such as:
- The type of vehicle and what it’s used for. In other words, vehicle class.
- Who the registered owner is. A discount may apply for eligible pensioners.
- Its intended use. That is, whether it’s a passenger vehicle and how many people it can seat, a motorcycle or if it’s used to transport goods.
- Where it’s garaged, which is determined by your postcode. This can fall under one of three designated risk zones – high, medium or low.
An insurance duty set by the State Revenue Office is also included in the TAC charge.
From 1 July 2024, the cost of CTP insurance or TAC charge for a standard passenger vehicle in a high-risk zone (classified by postcode) is $573.10 per year. This includes the TAC charge, insurance duty, and GST.3Transport Accident Commission – Transport accident charges including GST and duty, p3
What’s the cost of CTP insurance in your area?
Your CTP insurance is tied in part to where your car is garaged. It might be borderline ridiculous to move house just so you can lower your TAC charge. But it certainly helps to know why you’re paying what you’re paying.
Check for your postcode to see the level of risk and how it affects your CTP insurance costs.
The charges you see are for a standard passenger vehicle using the annual cover standard rates specified by TAC starting from 1 July 2024.
Depending on the class of your vehicle and which financial year you’re in, you could wind up paying less or more.
What does CTP cover in Victoria?
CTP insurance will help cover you for injuries that are the result of driving a car, motorbike, bus, tram, or train. It can also help support you if you’re injured in a transport accident as not only a driver, but a passenger, pedestrian, motorcyclist, or cyclist.
The premium you pay not only goes towards compensating people who have been injured or killed in road accidents but also helps fund road safety programs such as accident prevention campaigns.
Compensation includes the reasonable cost of medical treatment, disability support, rehabilitation, income assistance, travel and household support.
Do I need additional insurance if I already have CTP insurance?
Your CTP insurance comes with limitations. Remember, while it might cover the cost of medical bills as a result of an accident, it doesn’t provide cover for damage to property, your vehicle, or any other vehicles. It also doesn’t cover you against fire, theft, or vandalism.
That’s why it’s worth considering comprehensive car insurance, third party fire and theft, or third party property insurance for that added peace of mind.
You can start a car insurance comparison now and let us help find you a policy from our range of policies and providers at a price that fits your budget.
Helpful tip:
You tend to see a slight increase in your vehicle registration each year. That’s because the prices are indexed by the Consumer Price Index at the start of each financial year. Your rego can also increase if you move house to a higher risk postcode, purchase a more expensive vehicle or modify your existing vehicle.
Adrian Bennett
General Manager for General Insurance
Frequently asked questions
How much is CTP insurance in Victoria for pensioners?
Pensioners in Victoria with a valid concession card can get a 50% discount on both vehicle registration and Transport Accident Commission fees. The discount can also be claimed by a pensioner’s spouse or domestic partner but it’s limited to one vehicle per card.
What if my vehicle isn’t registered in Victoria?
Any vehicle with current registration in another Australian state is automatically covered in Victoria by its state or territory’s relevant CTP insurance policy.
If your vehicle was registered and imported from overseas, it must have CTP cover before being driven on a public road in Victoria.
If your car is unregistered and you’re involved in an accident with it on private land, the Transport Accident Commission won’t pay any benefits to any injured person or driver involved.
What’s the difference between CTP and third-party property insurance?
Simply put, compulsory third-party insurance is intended to help cover any bodily injuries or harm that result from a motoring or road incident.
On the other hand, third-party property insurance offers financial cover when you damage somebody else’s car or home. This cover can also include any legal costs that arise from the incident.
Get complete on-road protection
CTP insurance is a great first line of defence, but it helps to have some extra cover for that added peace of mind. Explore a range of car insurance policies with the iSelect car insurance comparison tool to help bolster your protection.
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