CTP insurance in Tasmania

How does CTP insurance work in Tasmania?

Compulsory third party car insurance (CTP) is mandatory in Australia, but it works different in each state.

This type of cover is designed to pay out for injuries sustained in motor vehicle accidents. It covers:

  • Motorists
  • Pedestrians
  • Passengers
  • Cyclists
  • Other road users

Benefits payable include:

  • Medical costs
  • Ambulance transport
  • Hospital treatments
  • Loss of income
  • Disability benefits and care expenses
  • Funeral expenses and death benefits

The cost of this insurance is part of the vehicle registration, and registration renewal, fees.

How the scheme works

The scheme is administered by the Motor Accidents Insurance Board (MAIB). It’s a combined common law/no fault scheme.

This means that people who are injured in a motor vehicle accident are entitled to medical and loss of income benefits, regardless of who’s at fault for an accident.

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 CTP insurance not cover?

CTP insurance does not cover property damage or vehicle theft. Generally, it doesn’t cover anything not specified above under “benefits payable.”

For these, you will need one of the optional car insurance types.

The cheapest extra cover is third party property damage car insurance. This can cover you if you are liable for damage to another person’s property.

To cover your own vehicle against damage, you will need to look at comprehensive car insurance.

Learn more about additional car insurance in Tasmania, and compare cover

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

Name Product New Car Replacement Pay monthly at no extra cost Choice of repairer Roadside Assistance Hire car after theft Personal effects
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
$0
Save 24% on your policy if you've been claim free for 3 years.
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)
$250
Buy online and save 15%.
Yes - If your car is written off or stolen in the first 2 years
No
Yes
Yes
Yes - Reasonable costs (Max 14 days)
$750
Emergency roadside assistance included in Comprehensive policies.
Yes - If your car is written off in the first 2 years
No
No
Optional
Yes - Up to $70 per day (Max 14 days)
$500
Save up to 10% when you buy online.
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)
$500
Save 15% when purchasing online. Eligible customers can earn up to 20,000 Velocity Frequent Flyer Points when purchasing a new policy by 31 Oct 2018. Excludes NT. Min 6mths policy & T&CS apply.
Yes - If your car is written off in the first 2 years
Yes
No
No
Yes - Up to $70 per day (Max 14 days)
$500
Transforms your driving so it's 100% carbon neutral.
Yes - If your car is written off in the first 2 years
Yes
Yes
No
Yes - Up to $100 per day (Max 30 days)
$1,000
Buy online and save up to 10% on your policy.
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)
$500
Save up to 20% on car insurance when you purchase cover online.

Compare up to 4 providers


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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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