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CTP Insurance Queensland
From Cape York to the Gold Coast, you can’t drive anywhere in Queensland without Compulsory Third Party (CTP) insurance.
Here’s a closer look at how CTP insurance works in the Sunshine State, and why it’s so important to top it up with the right level of Comprehensive or Third Party cover.
Do I need CTP insurance in Queensland?
CTP insurance is mandatory in every state and territory in Australia. So, if you own a car in Queensland, there’s no getting around it – you won’t be able to register or renew your car’s registration without it.
What does CTP insurance cover in Queensland?
Included as part of your vehicle registration payment, CTP is a motor vehicle insurance scheme that indemnifies you from financial liability should you (or another driver of your car) injure someone while driving your car or other insured vehicle. This includes:
- Passengers in your car.
- Other drivers and their passengers.
- Motorcyclists and their passengers.
Unlike other types of insurance, CTP provides unlimited cover. Benefits to third parties can include ambulance and hospital costs, medical treatment, rehabilitation, loss of income and long-term after-care.
Some policies may also provide at-fault driver protection under certain conditions. Be sure to read over the terms and conditions of your policy for specific details.
How is Queensland different when it comes to CTP?
Every state and territory does CTP a little differently, and Queensland is no exception. While many states automatically include CTP cover as part of your car’s registration, Queensland drivers are free to choose their own CTP insurance provider at registration time.
In Queensland, the Motor Accident Insurance Commission (MAIC) sets the range for CTP prices, so the cost of different policies will fall somewhere within these parameters. Simply compare your options, then nominate your preferred provider on your registration form or renewal notice, pay your fees, and you’re good to go.
Alternatively, you can nominate your preferred CTP provider on the Queensland Government website before your renewal is due. Bear in mind that you will not be able to change your CTP insurance details if your registration has expired.
Is CTP insurance all I need?
CTP insurance is the most basic level of cover, and offers financial protection against injuries to third parties only.
It doesn’t pay for damage to your vehicle or other people’s vehicles or property if you cause an accident. Nor does it cover your vehicle against fire, theft or vandalism, or repairs to your vehicle if you’re involved in an accident with an uninsured driver, even if it’s not your fault. This is why you really should consider additional car insurance.
Failure to take out the appropriate level of Comprehensive or Third Party cover on top of your CTP could potentially have serious financial consequences. This might include paying for your medical bills out of your own pocket. You might even have to cover the cost of repairs to the vehicles involved in the accident. Additional cover may seem like an extra expense, but you’ll be glad it’s there if you ever need to use it.
If you really think your car isn’t worth insuring, you may want to consider taking out a no-frills Third Party Property policy, which only covers damage to third party vehicles or property.
Although more expensive, Comprehensive car insurance offers total peace of mind by not only covering damage to other people’s vehicles and property, but also the cost of repairs to your own vehicle due to an accident, theft, fire, vandalism and more.
In addition, some Comprehensive policies offer a range of valuable add-ons, including:
- Roadside assistance.
- Windscreen protection.
- Hire car reimbursement.
- Replacement car if your new car is a total loss.
Alternatively, if you’re looking for a good in-between option, you may want to investigate Third Party Fire and Theft cover.
With different insurers offering a vast range of benefits and features, you’re sure to find the right cover at the right price.
Looking for more cover? Start comparing Comprehensive policies now, or call 13 19 20 and let us help find you a great policy at a price that fits your budget.