How CTP insurance works in the ACT

How to find the cheapest CTP insurance in the ACT

CTP, or “Green Slip” car insurance covers drivers in the event of injury. Specifically, the “at fault” party’s insurance can pay out for injuries suffered to the “faulted” party.

So if you’re responsible for an accident, it might save you from bankruptcy. If another driver is responsible for the accident, their insurance might cover your medical expenses, resulting loss of income, rehabilitation costs, home modifications and other.

How to find the cheapest CTP insurance in the ACT

It’s a heavily legislated type of insurance, with strict boundaries about how much it can cost. There are four approved insurers in the ACT, each of which sets their own prices.

  • GIO
  • NRMA
  • AAMI
  • Apia

In all cases, they offer essentially the same mandated cover, but set their own costs.

CTP insurance prices in the ACT

Passenger vehicleMotorcycle up to 600ccMotorcycle over 600cc
GIO$544.90 per year$100.30 per year$491.60 per year
NRMA$545.90 per year$100.30 per year$493.60 per year
AAMI$547.90 per year$115.40 per year$515.00 per year
Apia$565.00 per year$159.10 per year$550.40 per year

Find the full list of premiums for all other vehicle types here. All prices above assume to input tax credits.

As you can see, Apia CTP insurance for motorcycles is fairly expensive, while GIO is cheaper for these vehicle types.

How much does CTP insurance pay?

The final payout from a CTP insurance claim depends on the situation, and is negotiated between the insurer and the injured persons, or determined by court.

This can include:

  • Treatment and care costs - Compensation for past medical costs, and estimated future treatments costs needed as a result of the injuries.
  • Economic loss - Compensation for financial loss resulting from the incident, such as if an injured person can’t go to work.
  • Non-economic loss - Compensation for pain and suffering, and other general damages type compensation.

Australia’s Lifetime Care and Support Scheme (LTCS) can help cover severe injuries, such as spinal or brain injuries, even if you are found to be at fault for an accident. This is not part of CTP insurance though. It’s a separate program entirely.

What does CTP insurance not cover?

CTP insurance is generally for accidents between motorists (multi-vehicle accidents) rather than just you (single vehicle accidents). This is because the system is dependent on establishing fault. But if you’re the only person involved, then you might well be the one at fault.

For example, if you hit a kangaroo on the road and suffer resulting injuries, your CTP insurance probably won’t cover it.

But if you hit a cow on the road, then your CTP insurance might.

The difference is that wild kangaroos will just hop onto the road, but when a cow’s on the road it usually means someone messed up. Your CTP insurance help you recover compensation from the owner, if they are negligent or otherwise at fault.

CTP insurance won’t cover vehicle damage either. For that, you’ll need some form of additional cover.

Learn more about car insurance in ACT, and how to compare policies

Need more cover? Try one of these policies...

Name Product Name Agreed or Market Value New Car Replacement Pay Monthly At No Extra Cost Choice Of Repairer Roadside Assistance Hire Car After Theft
Market
Optional - If your car is written off in the first 3 years
No
No
No
Optional - Up to $50 a day until your claim is settled
Save 24% on your policy if you've been claim free for 3 years.
Agreed
Yes - If your car is written off in the first 2 years or is under 40,000 km
No
Yes
Optional
Yes - Up to $1,000 (Max 14 days)
Buy online and save 15%.
Agreed
Yes - If your car is written off or stolen in the first 2 years
No
Yes
Yes
Yes - Reasonable costs (Max 14 days)
Emergency roadside assistance included in Comprehensive policies.
Agreed
Yes - If your car is written off in the first 2 years
Yes
No
Optional
Yes - Up to $70 per day (Max 14 days)
Save up to 10% when you buy online.
Agreed
Yes - If your car is written off in the first 2 years or is under 40,000 km
No
Yes
Optional
Yes - Up to $1,000 (Max 14 days)
Save 15% when purchasing online. Eligible customers can earn 5,000 Velocity Frequent Flyer Points when purchasing a new policy by 31 Dec 2018. Excludes NT. T&CS apply.
Agreed
Yes - If your car is written off in the first 2 years
Yes
No
No
Yes - Up to $70 per day (Max 14 days)
Transforms your driving so it's 100% carbon neutral.
Agreed
Yes - If your car is written off in the first 2 years
Yes
Yes
No
Yes - Up to $100 per day (Max 30 days)
Buy online and save up to 10% on your policy.
Agreed
Yes - If your car is written off in the first year or is under 20,000 km
No
No
Optional
Optional - Up to $60 per day (Max 14 days)
Save up to 20% on car insurance when you purchase cover online.

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Andrew Munro

Andrew writes for finder.com, comparing products, writing guides and looking for new ways to help people make smart decisions. He's a fan of insurance, business news and cryptocurrency.

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