CTP insurance is designed to cover the cost of compensation claims made against a driver if they kill or injure someone in a car accident. Here’s how CTP insurance works in Queensland.
How does CTP work in Queensland?
As of 1 July 2016, Queensland is a no fault CTP liability state, bringing it in line with the CTP legislation of other states and territories. This means that anyone sustaining severe injuries from a road traffic crash involving a registered vehicle in Queensland will be eligible to claim CTP coverage from the other driver involved in the crash, regardless of whether or not they caused the accident.
Previously, Queensland operated under an at-fault CTP scheme introduced in 1936. Under the at-fault scheme, CTP premiums in Queensland were cheaper but people who were injured in a road accident in Queensland were only eligible for compensation if they could prove that they were not at fault.
The table below displays a snapshot of comprehensive car insurance policies on Canstar with links to providers’ websites, sorted by Star Rating, then provider name (alphabetically). Results based on a male aged 30-39 in QLD. Click here to compare more policies based on your circumstances.
Queensland road statistics
Wondering why CTP is compulsory? Read the following road statistics from Queensland:
- As at 31 January 2016, there are 2,715,055 registered passenger vehicles in Queensland, making up roughly 70% of all registered vehicles in the state.
- The average CTP premiums (including levies) in 2016-17 in Queensland for class 1 (cars and station wagons) was $349.10/year (MAIC).
- In 2015-16, there were 6,888 CTP claims in Queensland (MAIC).
- There were 243 fatalities on Queensland roads in 2015. Of these, 98 deaths were alcohol or drug-related (40%) and 62 involved speeding drivers and riders (25%) (Department of Transport and Main Roads).
- According to a 2014 Canstar Bluesurvey, 94% of people in Queensland believe they are a good driver. Only 7% admit to having hit a parked car and left the scene without leaving any details – the lowest rate out of all the other states.
Queensland CTP insurance providers
Queensland is one of only three states or territories in Australia where people have the power to choose their own CTP insurance provider. Everywhere else in the country, CTP is usually provided by one state-owned or government-licensed insurer.
Here are the insurance companies currently licensed to offer CTP insurance in Queensland at time of writing, listed in alphabetical order:
Allianz Australia traces its history back to 1914 when it was known as the Manufacturers’ Mutual Accident Insurance Association Limited. In July 2000, it changed its name to Allianz Australia. With over 3 million customers, Allianz are considered to be Australia’s fourth largest general insurer.
As at July 2017, Allianz CTP insurance in Queensland specifically can offer a bonus of up to $1 million of cover for some sustained injuries even if you are the at-fault driver in an accident, at no extra cost. This bonus is called At Fault Driver Protection Insurance (AFDP) and is eligible to Allianz CTP customers aged 25 years or older with a class 1 or 6 vehicle. To apply for AFDP bonus cover, apply online or call Allianz on 13 10 00.
Allianz offers CTP insurance in NSW (known as Allianz Green Slip insurance), Queensland, and South Australia.
QBE Insurance CTP
QBE Insurance began in North Queensland in 1886 as the North Queensland Insurance Company Limited (QI). Following the merger of QI, the Bankers’ and Traders’ Insurance Company, and the Equitable Probate and General Insurance Company, QBE Insurance Group Limited was listed on the Australian Stock Exchange in 1973.
It has since grown to become one of the top 20 insurers worldwide, with offices in 38 countries and over 17,000 staff around the globe.
QBE offers CTP insurance in NSW, Queensland, and South Australia.
As at July 2017, QBE is offering free DriverProtect cover of up to $1 million when Queensland drivers switch their CTP to QBE. This DriverProtect benefit covers the at-fault driver for serious permanent injuries as well as death.
In 1905, the Automobile Club of Queensland (ACQ) was formed to “champion the rights of motorists”. The ‘R’ was added to RACQ in 1921 when King George V approved the use of the ‘Royal’ prefix in recognition of the club’s patriotic efforts during World War I.
RACQ started offering car insurance to the general public during Queensland’s population explosion in the 1970s and 80s. They have over 1.2 million members, which equates to 1 in 4 Queenslanders.
As at July 2017, RACQ CTP insurance offers an additional At Fault Driver Injury Insurance Policy at no extra cost, and a $10 discount off the annual fee for RACQ Roadside Assistance policies.
Suncorp Insurance CTP
The Suncorp Group owns a mix of many different insurance brands including AAMI, GIO, Vero, Apia, and Shannons. (For general insurance outside of Queensland, Suncorp operates under the GIO brand.)
Suncorp Insurance traces its history back to 1916 when it commenced business as the State Accident Insurance Office before soon changing its name to State Government Insurance Office (SGIO) and adding life insurance, general insurance and Compulsory Third Party to its operations. Suncorp Insurance became Australia’s second largest general insurer in 2001 when it acquired AMP’s Australian general insurance interests.
As at July 2017, Suncorp CTP insurance includes Driver Protection Cover which provides up to $1 million in benefits for specified serious injuries to eligible at-fault drivers (or up to $2 million with a comprehensive car insurance policy). Drivers under 25 years old are currently not eligible for this driver protection cover.
Comprehensive Car insurance for Queensland drivers
CTP doesn’t cover you for damage to other vehicles or other people’s property, or damage to your vehicle caused by an accident or other causes such as fire, flood, or storm, so make sure you consider the pros and cons of getting comprehensive car insurance.
The table below displays a snapshot of 5-Star comprehensive car insurance policies on Canstar, sorted by provider name (alphabetically). Results based on a male aged 30-39 in QLD. Click here to compare more policies based on your circumstances.