Learn more about CTP insurance by watching this short video.
Compulsory Third Party (CTP) insurance protects motor vehicle owners and drivers from being held financially responsible if they injure someone in a motor vehicle accident. It also enables a person who is injured wholly or partly due to the actions of another driver to access medical treatment and rehabilitation support as well as receive fair and timely compensation. It does not cover damage to property or vehicles.
CTP insurance is important for motorists and injured people alike. The average cost of a CTP insurance claim is around $100,000 and some claims can cost millions of dollars. This would represent a life-altering burden for motorists if they were required to pay this compensation from their own pockets. It is for this reason that CTP insurance is compulsory in all states and territories of Australia and a condition of vehicle registration.
In Queensland, CTP insurance is provided by licensed insurers and motor vehicle owners can choose their CTP insurer and pay their insurance premium when they pay their vehicle registration.
The Motor Accident Insurance Commission (MAIC) regulates Queensland’s CTP insurance scheme. MAIC continually looks for ways to ensure that CTP insurance remains affordable for motorists, and that genuinely injured people have timely access to treatment, rehabilitation and fair compensation. We also invest in initiatives and research to help reduce the incidence and effects of road trauma. Learn more about MAIC by viewing our Corporate publications.