What CTP Insurance is and why Queenslanders have it
4 May 2018
No matter whether you are driving in the CBD or in outback Australia, people make mistakes on the road. Most of the time accidents are small and do not incur much damage, unfortunately however, serious accidents can happen that result in personal injury.
Compulsory Third Party Insurance (CTP) is compulsory in all states and territories, though how you get that insurance varies across each state. CTP Insurance must be purchased before you register your vehicle. This will ensure that if you are unfortunate enough to be involved in a serious road accident, CTP Insurance will cover you against compensation claims made by people you have injured.
For those living in South Australia, Western Australia, Northern Territory, Victoria and Tasmania, Compulsory Third Party Insurance (CTP) is managed by the state government body and is included in your registration that you pay each year. However, those that live in Queensland, New South Wales and Australian Capital Territory have a different process where the driver is able to choose their CTP provider.
What does CTP insurance cover?
CTP Insurance is insurance that covers your liability, and the liability of anyone who drives your vehicle, for injuries caused to others in a motor accident. This covers your passengers or passengers in the other vehicle, cyclists or pedestrians. Basically, anybody that was injured in the accident, except you, if you are the driver at fault of the accident.
Likewise, if you are injured in an accident and you were not at fault, the other drivers’ CTP insurance may cover some of your medical bills.
Once a claim is made, injured drivers may also be eligible for cover as the driver at fault, depending on whether your insurer offers this additional cover and the state in which you hold your CTP Insurance
How CTP differs from Comprehensive Insurance
The difference between CTP Insurance and other kinds of car insurance, such as Comprehensive Car Insurance, lies in the coverage.
Where CTP Insurance covers death or injury to other people caused by you when you are driving, it doesn't cover property damage to your car or another person’s car, which means you can’t use CTP to claim for dents, scratches, or write-offs.
If you’re looking to cover your car for damage, find out more about our Comprehensive Car Insurance.
CTP insurance in Queensland
When you buy a new or used vehicle from a motor dealer, generally they can arrange registration and CTP insurance for you, but it’s important to know that you have the right to choose your preferred provider.
Know which insurer best suits you. Suncorp Insurance is Queensland’s largest CTP insurer and offers additional Driver Protection Cover with our CTP Insurance at no extra cost to eligible customers.
Suncorp Insurance also offers a multipolicy discount when you combine any 3 or more eligible policies with us. Since you have to buy CTP as part of your rego anyway, make it a Suncorp Insurance policy to take advantage of the savings*.
CTP and Driver Protection Cover (DPC) insurance and Comprehensive Car Insurance are issued by AAI Limited ABN 48 005 297 807 trading as Suncorp Insurance. DPC is available on class 1 & 6 vehicles only and is not available to drivers under the age of 25. DPC policy terms and conditions are available on the Suncorp Insurance website. Please read the relevant Product Disclosure Statement before making any decision regarding Suncorp Comprehensive Car Insurance.
* Combine any 3 or more eligible policies with Suncorp Insurance and we’ll give you a 15% Multi Policy Discount. Eligible policies are Suncorp Home, Contents, Landlord, Car, Motorcycle, Caravan (including trailer), Motorhome and Boat. Suncorp CTP counts as an eligible policy, but can’t be discounted due to Queensland legislation. Comprehensive Car Insurance counts as an eligible policy, but the discount does not apply to the Suncorp Roadside Assist optional cover.