For the first time since January 2017, motorists with a Class 1 vehicle (cars/station wagons) will see the benefit of price competition, with the three licensed insurers now offering different prices for Compulsory Third Party (CTP) insurance for the upcoming 1 October 2025 quarter.
If your vehicle registration is coming up for renewal between 1 October and 31 December 2025, now is the perfect time to review your CTP insurance before you pay your registration. By shopping around, motorists can save up to $15 on their annual Class 1 CTP premium renewal compared to the maximum available price.
Here’s what you need to know:
- CTP insurance is included in your rego and protects you from being held financially responsible if you injure someone in a motor vehicle accident.
- You can compare insurers using the CTP Premium Calculator to find the best deal.
- Switching is easy! Nominate your new insurer online, over the phone (13 23 80), or in person at a TMR service centre before paying your rego.
Not sure who your current insurer is? Use the CTP insurer search tool or check your rego renewal documents.
The Motor Accident Insurance Commission (MAIC) regulates Queensland’s CTP insurance scheme to ensure it remains affordable for motorists while providing genuine support to those injured on the roads. MAIC also invests in research and initiatives aimed at reducing road trauma and its impact.
Neil Singleton, Queensland’s Insurance Commissioner, commented on the upcoming 1 October premiums:
“While MAIC as regulator of the scheme does not set CTP premiums, we are committed to working with insurers to ensure motorists benefit from a competitive, fair and affordable scheme.”
“I am pleased to see some licensed insurers delivering for Queenslanders by offering more competitive premiums for the majority of registered vehicles.”
By comparing insurers online using the CTP Premium Calculator or contacting your preferred CTP insurer directly, you can find the best option for your needs. Insurers may offer additional benefits or discounts on other insurance products when bundling with CTP insurance. Switching insurers could save you money or provide access to better customer service and value-added benefits.
Looking for more information, visit our CTP competitive premiums FAQs