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Current premium rates

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.

Your CTP insurer and premium are stated on the CTP information notice included with your registration renewal. If you do not wish to change insurer, then simply pay the amount stated.

If you wish to change your insurer, you may like to consider the various insurers' offers and make a choice before you approach Queensland Transport to pay your registration (See Changing Insurer).

When choosing your insurer, price may not be your only consideration. Insurers may offer some add-on products or incentives with CTP insurance, for example, the limited additional benefit of at-fault driver cover for serious injuries or death. You will need to contact each insurer for details on policy coverage and exclusions. It will also be helpful to know when your vehicle registration renewal is due.

Levies and Administration Fee

Your CTP insurance premium includes the following levies and administration fee:

Last reviewed 24 February 2009