Car Insurance NT

Car insurance can help protect you and your wallet from the uninsured driver who t-bones you out of nowhere, the local hooligan going around keying cars, and your own moment of distraction when you crash into someone’s Audi in the car park.

What types of car insurance can I get in NT?

Find the right policy for your situation by selecting an option that strikes an appropriate balance between affordability and cover offered.

• Personal liability. If you damage someone else’s property, such as a car or a house, in the course of an accident, it’s referred to as a personal liability cost because you are personally liable for it. This expense is covered by all types of car insurance except CTP.
• Protection for your car. Your policy type determines your level of protection. Third party property only policies do not typically offer any cover for your car, while fire and theft policies only cover fire damage and stolen cars. Comprehensive policies will cover the cost of most damage that may befall your vehicle.

How much will it generally cost?

Your car insurance premiums are affected by how likely you are to make a claim. The more likely this is, the more expensive your car insurance will generally be. Factors like age, your driving record, the type of car you drive and many more are all taken into consideration.

• CTP. All CTP insurance in the NT costs the same
• Policy type. The cost of car insurance in the Northern Territory varies depending on policy type, vehicle insured, location and your individual circumstances. Comprehensive insurance is naturally more expensive than basic cover.
• Stamp duty. Different financial services, including car insurance, are taxed at different levels around Australia. This is known as stamp duty, and for car insurance in NT, it’s set at 10% of the premiums paid. This is typically added to the cost of the insurance.

Northern Territory car theft statistics

According to the National Motor Vehicle Theft Reduction Council (NMVTRC), counting thefts per registrations, the Northern Territory has a national high of 6.09 cars stolen per 1,000 registrations.

The total car thefts numbered 981, or a 1.9% share of national thefts during 2017.

The five most common car theft areas

1. Darwin City (432)
2. Palmerston (166)
3. Alice Springs Town (149)
4. Litchfield Municipality (79)
5. Katherine Town (44)

All of the top five crime hotspots in the Northern Territories actually experienced lowering car crime rates versus 2016. Overall car theft dropped 9.8%. Crime is heading back toward 2013 levels.

The most likely time to have a vehicle stolen is on a Monday from 20:00 - 23:59. Friday, Saturdays and Sundays see the most vehicles taken.

Utes dominated the top three theft targets, with the Toyota Hilux claiming first and second place. The Toyota Landcruiser 70 closed out the top three.

Frequently Asked Questions

• Do I need car insurance in NT?

  In the Northern Territory, Compulsory Third Party (CTP) insurance is mandatory as part of your vehicle registration. Additional car insurance, like comprehensive or third-party property, is optional but recommended.

• What does CTP cover in NT?

  Compulsory Third Party (CTP) insurance in the NT covers injuries to other people if you are involved in an accident. It does not cover damage to their property, or damage to your vehicle.

• Is it illegal not to have car insurance in the NT?

  It is illegal to not have compulsory third party (CTP) insurance anywhere in Australia, including the Northern Territory. Other car insurance types are optional.

• Is it worth it to have a comprehensive car insurance in NT?

  If you could not afford to replace your car in the event it was stolen or written off then yes, comprehensive insurance is worth it. If you could afford to replace your car then you’d likely be comfortable with a lower level of cover like third party fire and theft.

Written by

Alexandra Koster

Publisher

Alexandra Koster was Finder's publisher for car, home and pet insurance. She has a Tier 1 certification in General Insurance, as well as a Bachelor of Arts in Film and Cultural Studies from the University of Sydney. Her hobbies include reading Product Disclosure Statements and deciphering complicated insurance lingo to help people save on their insurance so that they can spend their money on better things – like dogs. See full bio