Motorama Brisbane CTP Compulsory Third Party Finance Insurance Rego Registration QLD TMR Transport Main Roads New Used Demonstrator Car Sales Specials

Understanding CTP

Are you in the know when it comes to CTP and Light Vehicle Registration? If not, our guide will get you up to scratch.

What exactly is it?

CTP is an acronym for Compulsory Third Party (Insurance). Essentially, it legally covers the owner and whoever is driving the owner’s car in the unfortunate event that someone is injured by the vehicle.

The Queensland Government has made CTP Insurance a compulsory part of registering your vehicle and Police as well as Traffic Cameras are now able to tell whether your vehicle is insured by using automatic number plate camera technology as opposed to checking the colourful sticker (which you don't need anymore!)

Motorama Brisbane CTP Compulsory Third Party Finance Insurance Rego Registration QLD TMR Transport Main Roads New Used Demonstrator Car Sales Specials

Why is it in place?

The CTP is designed to cover you and any drivers of your car for legal liability in the event that the vehicle registered in your name injures another person. It will also assist you, if you are injured by someone’s car.

Compulsory Third Party Insurance is designed to cover you from compensation claims from anyone who is injured or otherwise affected in an accident that's your fault.

Motorama Brisbane CTP Compulsory Third Party Finance Insurance Rego Registration QLD TMR Transport Main Roads New Used Demonstrator Car Sales Specials

Who can provide me with CTP Insurance?

The QLD Government provides a list of licensed CTP insurers available in Queensland on their website: www.maic.qld.gov.au. Alternatively, you can find the list on the back of your vehicle registration form.

There are only two options when it comes to premiums, depending on whether you are eligible to an Input Tax Credit on their vehicle or not. One is for drivers who are entitled to claim an ITC and the other for those who are not entitled to claim an ITC.

Motorama Brisbane CTP Compulsory Third Party Finance Insurance Rego Registration QLD TMR Transport Main Roads New Used Demonstrator Car Sales Specials

Can I switch?

You don't have to wait until your rego is due to switch CTP providers. You can switch online on the Department of Transport & Main Roads website, or alternatively call the insurance company that you want to switch to – and they'll do it for you so that when your rego renewal notice comes around, you're automatically switched to your new provider – sometimes companies provide you with extra cover or promotional deals for switching insurers, so shop around. 

For the official Queensland Government publication and to learn more about your CTP, visit www.tmr.qld.gov.au.