Latest News

NSW motorists to get cheaper greenslips

save excess

Motorists can look forward to saving about $19 on greenslips in 2022. The State Insurance Regulatory Authority plans to make insurers return their excess profits. A mechanism in the new NSW CTP scheme allows SIRA to step in when insurer profit goes over 10%. Read more

How well are the SA CTP insurers performing?

how well

The South Australian CTP scheme was opened up to private insurers on 1 July 2016. For the next 3 years, it allocated each vehicle owner one of four CTP insurers. After 1 July 2019, they were free to make their own choice. The Regulator now provides information on just how well those insurers are managing claims. Read more

Why Qld CTP insurers could lift their game on claims

On 1 February 2021, the Motor Accident Injuries Commission (MAIC) in Queensland introduced its first Claims Management Standard. It wants to make the CTP claims process more consistent, transparent and fairer. At the same time, data from MAIC quarterly insights reports will show Qld motorists how well the four insurers perform against this standard. Read more

A new tax on electric vehicles in South Australia

affordable charge

South Australians who are looking to buy an electric vehicle after 1 July 2021* will have to pay an extra tax. SA is the first state in Australia to introduce a road user charge for EVs to replace lost fuel excise. Read more

Citizens jury reports on CTP reform

citizens jury

Queensland’s compulsory third party (CTP) scheme was introduced in 1936. Since then, there have been four big changes, including last year’s criminalisation of claim farming. However, many people do not understand how it works. RACQ launched ReThink CTP in 2019 and in 2020 funded a citizens jury to make recommendations to improve the scheme. Read more

SA insurer ratings improve

survey insurer ratings

Vehicle owners now see service ratings for each CTP insurer on their registration renewal forms. In the 6 months to March 2020, all insurers improved their service ratings. Meanwhile, prices of CTP premiums stayed at $296.77. However from 1 July 2020, 1.2% of vehicle owners will have to pay more because of changes to district boundaries. Read more

Why Qld CTP is fair and affordable

affordable charge

Car owners in Queensland have the most affordable compulsory third party (CTP) insurance scheme in Australia. According to the MAIC CTP Scheme Insights Report, premiums averaged across the year dropped from $356 during 2017 to $347 during 2019. Meanwhile, insurer profits are also starting to fall. Read more

SA motorists save on CTP

save excess

South Australian motorists could save up to $114 a year on CTP insurance since the market opened to competition in July 2019. In fact, a typical Adelaide household with 1.8 vehicles could save up to $200 for the year. Changes to ratings districts will save some vehicle owners even more money. Read more