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CTP premiums

Compulsory Third Party (CTP) premiums are structured according to the type and use of the vehicle. There are 24 vehicle classes. The insurance premium includes the insurer's premium, levies and an administration fee. GST applies to the insurer's premium portion of the total CTP insurance fee.

Licensed CTP insurers may offer different premiums for CTP insurance. Insurers are required to determine their premium rates every quarter within an upper and lower limit set by the Motor Accident Insurance Commission. Therefore, the premium you pay will depend on your choice of insurer and the particular premium period within which your vehicle registration renewal falls due.

Who is your CTP insurer? The choice is yours.

Last reviewed 12 September 2011