The cost to someone who is injured in a motor vehicle accident can be significant when you consider the medical care and treatment costs that can be involved, and potential loss of income during recovery. In extreme cases, those who are injured can need expensive treatment for the rest of their lives.
To make sure injured parties of motor vehicle accidents are compensated irrespective of the financial position of the driver that caused the accident, it’s mandatory for all vehicle owners to take out CTP insurance before they’re able to register their vehicle.
You may nominate to change your CTP insurer at any time while your vehicle is registered, but the actual change of insurer will only come into effect from the commencement of the next period of registration.
Your CTP insurance will cover your vehicle as long as it’s registered. To cancel your CTP policy, you must first cancel your registration with Department of Transport and Main Roads (DTMR). Once deregistered, DTMR will provide you with a refund of the unused portion of the CTP premium.
No. CTP insurance is attached to the motor vehicle registration. The CTP insurance will be transferred to the new registered owner.
If your vehicle is deregistered due to a total loss or having been stolen, you’ll be entitled to a refund of any unused portion of your CTP premium.
Allianz no longer offers an At-Fault Policy to new or renewing customers with CTP insurance.
For customers who have applied for the At-Fault Policy cover before 12 AM on 1 July 2023, the At-Fault Policy will be available until their next renewal date*.
*For full terms and conditions of the At-Fault Policy, read the At-Fault Driver Policy Document.
