Comprehensive Insurance and CTP Insurance

[outatime]

if i get a full comprensive insurance, do i still need CTP??

currently, i only have CTP but having to renew it in the next 2 weeks would cost me $626 because of the new levy laws. so im thinking i might as well get full insurance for the extra cost..

[trism]

yes. CTP is compulsory, hence the name compulsory third party, whether you have full comprehensive or not

[dupac->]

YES you need the CTP greenslip regardless if you have comprehensive or not.

you wont be able to complete the registration of the car at the rta if you dont have:

pink/blue slip
CTP green slip paid
rego papers.

CTP covers personal injury and things like that. (compulsory)

comprehensive or 3rd party covers property damage and so on. (not compulsory)

[migoreng]

is there a massive difference in ctp fee between a driver over 25 years and under 25?

[dupac->]

my dads one was about $300 odd dollars or so

and mine was $550 or so..

depends which company aswell.

[migoreng]

sorry for the off topic Q..
what about registration?
does age affect the fee?
lol

[aaronng]

Depends on the age of the car as well. Have you tried using http://prices.maa.nsw.gov.au/index.html to find the cheapest price?

[Zilli]

yep... compulsory, unfotunately at the moment all insurers are sluggin anyone under 29 for CTP based on previous claims experience... the only one that discounts CTP's for anyone under 29 atm is GIO and NRMA but you have to insured with them respectively... if your under 25 your ****ed regardless....

[AKILYA666]

Damn sucks 2 live in nsw I only pay like 340 for 6months rego and ctp in qld

[Zilli]

NSW will have the option to pay 6 monthly starting this November

[sassy_fit_vtit]

CTP is a must, you can't drive your car on the road without ctp and you can't register it either. It protects you for injury and death to other people, depending on which ctp provider you go with you might also be covered for yourself as an at-fault accident.

Comprehensive Insurance Covers you for Property damage that you may cause to other peoples property and also your own.

So in English.. you hit a someones car and that persons gets injured. CTP will cover the liability you have to their injury, Comprehensive will cover the damage to their car and also yours (third party property will only cover your liability to the damages to the other persons car only)

[Zilli]

CTP is a must, you can't drive your car on the road without ctp and you can't register it either. It protects you for injury and death to other people, depending on which ctp provider you go with you might also be covered for yourself as an at-fault accident.

Comprehensive Insurance Covers you for Property damage that you may cause to other peoples property and also your own.

So in English.. you hit a someones car and that persons gets injured. CTP will cover the liability you have to their injury, Comprehensive will cover the damage to their car and also yours (third party property will only cover your liability to the damages to the other persons car only)

Can i just get technical and say that CTP doesnt cover death... if the someone other than the driver dies in an accident that is your fault... there is no benefit for death... in that case the only time the victims family gets comped is if the person had life insurance.

Hence the name, COmpulsory Third Party personal injury insurance.

it's amazing how many people out there dont know what this insurance is considering it has such a drastic effect on potential loved ones in YOUR car... no one considers that...

YOu will find advertising regarding CTP insurance moving more towards education rather than price based in the coming months... there are differences between extra benefit coverages you get for the money you pay...