WHAT DOES CTP COVER?
Date published: 07/06/23 All content in this article is intended to be general in nature and does not constitute and is not intended to be financial or professional advice.
Compulsory third-party (CTP) insurance – also referred to as Green Slip in New South Wales – is a type of mandatory insurance that all drivers need to have when operating a vehicle on Australian roads. CTP also stands for Cool Tiny Plants in some horticulture circles, but when we say CTP in this article, we’re only talking about compulsory third-party insurance.
Let’s dive into the specifics of what CTP insurance covers and how it offers protection against personal injury claims in the event of an accident. Check back in later for info on Cool Tiny Plant insurance.
WHAT IS COMPULSORY THIRD PARTY (CTP) INSURANCE?
No matter which state or territory you live in across Australia - even Tasmania - CTP insurance is mandatory for all vehicles and covers personal injury liability for drivers involved in an accident. It provides cover for claims for compensation by injured parties for medical expenses, a percentage of lost wages, rehabilitation treatments, and other damages resulting from the accident.
It's important to realise that the specifics of CTP insurance may vary across different states and territories, so it's essential to do your own due diligence and read up on the relevant government resources for up-to-date information. For example, the State Insurance Regulatory Authority provides helpful information for NSW drivers.
WHAT AM I COVERED FOR WITH CTP INSURANCE?
Although it’s a mandatory type of insurance, CTP doesn’t offer the same level of coverage as more comprehensive – and optional – policies, such as third-party property and comprehensive car insurance. Here’s what you can expect from your state or territory’s CTP insurance.
WHAT IS COVERED BY CTP?
While there may be teeny tiny differences depending on the state or territory you are in, generally, CTP insurance can provide coverage for injured third parties, regardless of who is at fault for the accident (except for serious driving offences).
WHAT ISN'T COVERED BY CTP?
Drivers should know that CTP insurance doesn’t cover the cost of damage to vehicles or property, regardless of who is at fault. That means damage caused by your car to other vehicles and property, as well as damage or loss to your own vehicle caused by fire or theft.
If you want to get covered for these events, you will need to take out an additional policy, such as third-party car insurance or comprehensive car insurance.
WHO DOES CTP COVER?
CTP insurance covers the driver's liability for personal injury to others resulting from an accident where you are at fault. Depending on the circumstances, it can provide compensation for medical treatment, rehabilitation and lost income for the injured parties.
DOES CTP CAR INSURANCE DIFFER BETWEEN STATES AND TERRITORIES?
Yes, CTP car insurance may differ according to the state or territory you live in. It’s important to be aware of these differences as they may impact you in the event of an accident.
NEW SOUTH WALES (NSW) CTP INSURANCE
In NSW, CTP insurance – or a Green Slip – is mandatory before registering your vehicle and can only be purchased from six licensed insurers. All CTP policies offer the same level of protection, with additional cover options depending on your preferred insurer.
NSW follows a 'no fault' CTP scheme, which covers injured third parties regardless of fault, and benefits can be claimed for up to six months (26 weeks) in case of at-fault accidents.
QUEENSLAND CTP INSURANCE
In terms of CTP insurance in QLD, drivers have four licensed insurers to choose from. You can select your preferred insurer when registering your vehicle or change it online during the active registration, effective from the next registration period.
SOUTH AUSTRALIA (SA) CTP INSURANCE
South Australian drivers have had the option to choose from five government-approved CTP insurers since 2019. This can be done during registration renewal, or direct-debit customers can change insurers at any time via mySAGOV, taking effect from the next scheduled payment.
CTP INSURANCE FOR OTHER STATES AND TERRITORIES IN AUSTRALIA
ACT: The ACT implemented the Motor Accident Injuries Scheme in 2020, which is a 'no fault' CTP scheme. Victoria: The Transport Accident Charge is included in your registration fee. Upon payment, the state’s sole insurer of the scheme (TAC) provides insurance coverage for your vehicle. Northern Territory (NT): The Northern Territory’s Motor Accidents Compensation (MAC) Scheme is a 'no fault' CTP scheme covered by your motor registration fee. Western Australia (WA): Getting CTP insurance in WA happens when you register your vehicle. Western Australia's 'fault' scheme only covers catastrophic injuries suffered by at-fault drivers when no other driver is deemed negligent. Tasmania: The Motor Accidents Insurance Board in Tasmania provides CTP insurance, which is a 'no fault' scheme that is covered by the vehicle registration fee.
DOES ROLLIN' OFFER CTP INSURANCE?
While ROLLiN' does not offer CTP insurance, we do provide comprehensive car insurance, which you can get in addition to your CTP insurance. And we reckon it’s a pretty good product. It's important to note that CTP insurance is mandatory for all drivers in Australia.
HOW TO GET INSURANCE WITH ROLLIN'
Ready to roll with ROLLiN'? While we don't offer CTP insurance (it's mandatory for vehicles on all Australian roads!), we've got something else to offer: comprehensive car insurance! Say hello to a whole new level of protection.
Our comprehensive insurance package helps provide peace of mind by covering loss or damage to your car from accidental collision, lightning, fire, vandalism and so much more.
FREQUENTLY ASKED QUESTIONS
Are CTP and Green Slip the Same Thing?
Yes, CTP and Green Slip mean the same thing, but the latter is usually only used in New South Wales. Both refer to the mandatory liability insurance for third party personal injury, which is required for vehicles on Aussie roads.
Do I Need a Green Slip to Register My Vehicle?
Yes, in New South Wales, you will need a Green Slip to drive your vehicle legally.
CTP Car Insurance And Third Party Car Insurance: What's the Difference?
CTP car insurance is mandatory and covers a drivers liability for personal injury to others, while third-party car insurance provides additional coverage for damage to other vehicles and property caused by the policyholder.
Disclaimer: ROLLiN' doesn't offer either of these two policies – just comprehensive car insurance.
CTP Car Insurance and Comprehensive Car Insurance: What’s the Difference?
While CTP car insurance is mandatory, its cover is limited to a drivers liability for third party personal injury claims. Comprehensive car insurance can provide separate cover for loss and damage, such as damage to your own car.
Disclaimer: ROLLiN' doesn't offer CTP car insurance – just comprehensive car insurance.
Is CTP Insurance the Same as Third Party Property Damage?
No. CTP insurance covers a drivers liability for personal injury to others, third-party property damage insurance offers cover for damage to other people's property caused by your vehicle.
Disclaimer: ROLLiN' doesn't offer CTP car insurance – just comprehensive car insurance.
How Do I Get My CTP Insurance Certificate?
Your CTP insurance certificate should be issued automatically by your chosen provider. After you purchase a policy and register your vehicle, they will send it to you via email or in the post.
What is a Green Slip and Why Do I Need One?
A Green Slip is the same thing as CTP insurance in New South Wales and is required to register your vehicle. It provides coverage for a drivers liability for personal injury to others in case of an accident.
Do I need CTP Insurance for Motorbikes?
Yes, CTP insurance is mandatory for motorbikes in Australia.
This is general advice only and does not take into account your individual objectives, financial situation or needs (“your personal circumstances”). Before using this advice to decide whether to purchase a product, you should consider your personal circumstances and the relevant Product Disclosure Statement. Product Disclosure Statement and Target Market Determination are available from rollininsurance.com.au. Insurance issued by Insurance Australia Limited ABN 11 000 016 722 AFSL 227681 trading as Rollin’ Insurance.