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 2021 Finder Award for Car Insurance - Value in QLD, SA, TAS, VIC, WA and Car Insurance - Features in NSW, VIC, WA, 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.

⭐ Current offer: Get 15% discount on first year's premium when you take out a policy online. T&Cs apply.

Who it might be good for: People who want a comprehensive policy without breaking the bank.
Australia Post Comprehensive
Optional
Agreed or Market
Finder's summary: Australia Post car insurance offers comprehensive cover for things like theft, fire, new for old replacement and emergency accommodation and transport. Cover also extends to anyone who uses your car, not just you.

⭐ Current offer: Get $75 off your first year’s premium when you buy online. T&Cs apply.

Who it might be good for: If multiple people use the one car and you don’t want to worry about listing all drivers.
Coles Comprehensive
Optional
Agreed or Market
Finder's summary: With Coles comprehensive car insurance, you could 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 your car is damaged, you could benefit from a one-week turnaround on repairs.

⭐ Current offer: Get 10% off your first year's premium when you take out a policy online. T&Cs apply.

Who it might be good for: Coles customers and Flybuys collectors.
Bingle Comprehensive
Market
Finder's summary:Bingle consistently comes up as one of the cheaper insurers out there. It only covers the basics. 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.
Virgin Comprehensive
Optional
Optional
Agreed or Market
Finder's summary: Finalists for the 2021 Finder Awards for Best Car Insurance - Value in VIC, QLD, SA, WA and TAS, Virgin Comprehensive provides a good level of cover for a decent price.

⭐ Current offer: Get 15% off on your first year’s premium when you purchase a new eligible comprehensive car insurance online. T&Cs apply.

Who it might be good for: People who'd like to manage their policy online 24/7.
Stella Comprehensive
Optional
Agreed
Finder's summary: Stella offers car insurance that's been designed with women in mind. This means competitive pricing, rewards for being a safer driver and some unique inclusions like cover if your car is damaged as a result of domestic violence. It also offers higher cover for baby gear than most, with up to $2,000 cover for prams, strollers and child seats.

⭐ Current offer: Save 10% when you pay your premium annually. T&Cs apply.

Who it might be good for: Someone who wants a female-centred car insurance policy (it will cover men too).
Qantas Comprehensive
Optional
Optional
Agreed or Market
Finder's summary: You'll be able to choose how comprehensive you want your cover to be with optional extras like choice of repairer and the option of agreed or market value.

⭐ Current offer: Earn Qantas Points for joining and paying your premium. Sign up today and earn up to 20,000 Qantas Points (points awarded will be based on your premium). T&Cs and eligibility apply.

Who it might be good for: People who'd like to earn Qantas Points.
ahm Comprehensive
Optional
Both
Finder's summary: ahm comprehensive car insurance lets you choose higher excess to reduce your premiums. Its Fixed Kilometre Plan can save you up to 30% compared to its standard comprehensive cover.

⭐ Current offer: Get 12 months free roadside assistance when you purchase a new policy online.^ Offer ends October 14. T&C’s apply.

Who it might be good for: People who drive less than 15,000 km per year.
Huddle Black Comprehensive
Agreed or Market
Finder's summary: Huddle's black comprehensive is its cover with highest limits and exclusive benefits. It includes roadside assistance. You can also get up to $2,000 for emergency travel and accommodation and up to $30 million legal liability cover.

Who it might be good for: Someone who wants a 24/7 claims processing.
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.

⭐ Current offer: Get a 15% COVID-19 temporary cashback on the monthly premium paid until 3 October 2021. Applies to all existing or new customers in NSW and VIC. Eligibility criteria, terms, and conditions apply.

Who it might be good for: People over 25 who want comprehensive cover with a focus on customer service.
QBE Comprehensive
Green Company
QBE Comprehensive
Optional
Agreed or Market
Finder's summary: QBE is a sustainable insurance company and also Finder's Green Insurer of the Year 2021 award winner. This policy offers the highest level of protection available from QBE including three-year new car replacement.

⭐ Current offer: Save $75 when you purchase a new comprehensive policy online. T&Cs apply.

Who it might be good for: Those that are looking for a more environmentally friendly insurance choice.
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