How CTP insurance works in the ACT

How to find the cheapest CTP insurance in the ACT

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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$486.60 per year$96.20 per year$441.90 per year
NRMA$482.30 per year$97.10 per year$431.80 per year
AAMI$490.30 per year$98.50 per year$484.90 per year
Apia$506.00 per year$131.90 per year$516.90 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 Roadside Assistance Accidental Damage Storm Choice of Repairer Agreed or Market Value
Budget Direct Comprehensive
Optional
Optional
Agreed or Market
Finder's summary: Awarded the 2019 Finder Award for the Best Value Car Insurance, this policy offers solid coverage at a low cost. Budget Direct’s claims service has received a 4.2/5 based on nearly 5,000 customer reviews.

Who it might be good for: People who want a comprehensive policy without breaking the bank.
Bingle Comprehensive
Market
Finder's summary:Bingle consistently comes up as one of the cheaper insurers out there. It only covers the basics, so you don't get to choose your own repairer, you're not covered for personal items in the car and unless you add it as an option, you won't get a hire car if your car is stolen. But this keeps its premiums low.

Who it might be good for: Someone who wants a low-cost option that covers them for the basics.
Coles Comprehensive
Optional
Agreed or Market
Finder's summary: Coles have two-tiers of comprehensive car insurance to choose from. You'll earn double flybuys points at Coles supermarkets and you can get $10 off your Coles grocery bill every time you redeem 2,000 Flybuys points. If you're over 30, you can get roadside assistance free for a year.

Who it might be good for: Coles customers and Flybuys collectors.
Virgin Comprehensive
Optional
Optional
Agreed or Market
Finder's summary: Finalists for the 2019 Finder Awards for Best Value Car Insurance, Virgin Comprehensive provides a good level of cover for a decent price. Get 15% off on your first year’s premium when you purchase a new eligible comprehensive car insurance online. T&Cs Apply.
Poncho Comprehensive
Agreed
Finder's summary: Poncho works like a monthly subscription – you pay monthly and can cancel and leave at any time. You can also list multiple cars and drivers under one policy, making it ideal for families and groups living together under one household.

Who it might be good for: People who want their car insurance month to month.
Youi Comprehensive
Optional
Agreed or Market
Finder's summary: Youi Comprehensive Car Insurance is one of the few providers to include roadside assistance in its policy. You'll also get access to YouiRewards which gives you discounts on furniture, parking and more. Youi also has a live chat feature on its site to talk through any questions.

Who it might be good for: People over 25 who want comprehensive cover with a focus on customer service
Qantas Comprehensive
Optional
Optional
Agreed or Market
Finder's summary: You'll be able to pick and choose how comprehensive you want your cover to be with optional extras like roadside assistance, choice of your own repairer and the option of agreed or market value. Plus earn Qantas Points for joining and paying your premium. Sign up by 28 February 2021, you can earn up to 40,000 Qantas Points (points awarded will be based on your premium). T&Cs and eligibility apply.

Who it might be good for: People who love collecting frequent flyer points.
Stella Comprehensive
Optional
Agreed or Market
Finder's summary: Stella’s a female-focused insurer. It'll cover you if your car is damaged as a result of domestic violence. It offers higher cover for baby gear than most, with up to $2,000 cover for prams, strollers and child seats. You get a free Bauer magazine subscription when you sign up and a portion of your premiums go to supporting female-led businesses.

Who it might be good for: Someone who wants a female-centred car insurance policy (it will cover men too).
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