Confused about getting CTP insurance QLD for unregistered vehicles? Top 8 FAQs to help you understand CTP and what to do.
In this article
What Is CTP Insurance QLD?
CTP is an acronym for Compulsory Third Party Insurance and is a requirement in all states and territories in Australia. Some states call it Green Slip. It is a registration requirement by law providing the owner and driver liability protection in the event of a motor vehicle accident.
Firstly, you need to understand there are 3 parties to compulsory third-party car insurance:
- The first party is the owner or driver of the vehicle at fault
- The second party is the CTP insurer of the vehicle at fault
- The third party is the injured person
Who Is My Current CTP Insurer?
If you have a currently registered vehicle you can find your current CTP insurer by looking under the third-party compulsory motor vehicle insurance details on your registration notice.
What Does CTP Insurance Cover In QLD?
CTP insurance 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.
What Doesn’t QLD CTP 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.
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
- CTP for unregistered vehicle
Where To Get CTP Insurance QLD Unregistered Vehicle?
I found it easy to choose a CTP insurer in Qld because the prices are based on the class of vehicle. Where I found the difference was buying a used car that was unregistered. For example, RACQ CTP insurance QLD wouldn’t cover me but Suncorp has CTP for unregistered vehicles. They allowed me to obtain my CTP insurance coverage over the phone if the vehicle is in a roadworthy condition (safe operating condition). 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).
Then, if the vehicle passes a roadworthy road, you can drive to the nearest Queensland Transport and Main Roads centre to register the vehicle.
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.
How Much Is CTP Insurance In 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 has developed a CTP Premium Calculator which gives rates from all licensed CTP insurers.
For registration Queensland Transport and Main Roads have made it simple to get a quick registration quote. You don’t want to forget to include the cost of car registration, stamp duty and transfer costs when buying a car. Also, remember it is now mandatory to display EV labels if you have an electric, hybrid or hydrogen fuel cell.
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.
*Please note: This information is a guide only and cannot be used to reference the point of law.