CTP insurance in Tasmania

How does CTP insurance work in Tasmania?


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CTP insurance is a legal requirement in Tasmania. It covers the cost of compensation claims made against you if you kill or injure someone in a vehicle accident. While it's mandatory throughout Australia, it works a little differently in each state. Here's how CTP Tansmania insurance works.

How much does CTP in Tasmania cost?

Tasmania's CTP insurance scheme is provided by the Motor Accidents Insurance Board (MAIB). Because everyone in Tasmania gets it from one place, you pay your CTP premium to them as part of your annual vehicle registration fee. The cost is worked out based on the type of vehicle you own, and is outlined in your registration renewal form.

For new registrations and renewals from 1 December 2019, the CTP premium for a motor car in Tasmania (including a campervan) is $314*, and $255 for pensioners and asylum seekers.

*Resource: http://www.maib.tas.gov.au/wp-content/uploads/2019/11/Premium-Schedule-1-December-2019.pdf

Is there any difference between CTP in Tasmania?

In Tasmania, CTP insurance provides 'no fault' compensation to all those involved in the motor vehicle accident, regardless of who is responsible. This is different from other states, like NSW and QLD, where you aren't necessarily covered if you are the at fault driver.

With Tasmania, even motorists who act negligently are entitled to compensation. The only exception is if they are found to have deliberately set themselves up to be injured or involved in an accident.

How does CTP work in Tasmania?

The CTP insurance scheme in Tasmania is automatically included in your registration fee each time you renew and is a combined common law/no fault scheme. This means that if a personal injury is caused by a motorist's negligence, common law damages are payable to the full extent allowed.

It also means that people can recover additional damages, such as compensation for pain and suffering, from an at fault party. Those 'common law' procedures must be commenced within 3 years of an accident.

What does Tasmania's CTP scheme cover?

CTP Tasmania insurance provides compensation to all victims of motor vehicle accidents that occur in the state, regardless of who is responsible. Motorists who are responsible for an accident are still entitled to compensation. Compensation can pay for:

  • Medical, ambulance and hospital services
  • Rehabilitation
  • Loss of income
  • Long term care
  • Disability care
  • Funeral expenses and dependency benefits

While CTP covers you for legal liability, keep in mind that it does not cover:

  • Loss or damage to someone's property
  • Damage to your car, motorcycle or any other vehicle
  • Fire or theft

If you couldn't afford to pay for repairs to your vehicle or another person's property, then consider comprehensive, third party or third party fire & theft for more wide-ranging financial protection.

Who offers CTP in Tasmania?

At the time of writing, the Motor Accidents Insurance Board (MAIB) is the only insurer currently licensed to offer CTP insurance in Tasmania. The MAIB is a Tasmanian Government Enterprise established in 1974 under the Motor Accidents (Liabilities and Compensation) Act 1973. The MAIB provides financial assistance for medical care on a no-fault basis if you are injured or involved in a motor vehicle accident.

CTP won't protect your car but comprehensive car insurance will

Name Product Roadside Assistance Accidental Damage Storm Choice of Repairer Agreed or Market Value
Budget Direct Comprehensive
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
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
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
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
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
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
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
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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