Premiums
CTP Premiums
Your CTP insurance premium is paid as part of your vehicle registration.
On 1 June 2009, speed, red light and Safe-T-Cam cameras started detecting unregistered and uninsured cars. The purpose for the change to camera detection is to make sure that all motorists and road users are protected by compulsory third party insurance.
If you drive a vehicle that is unregistered and / or uninsured you run the risk of incurring hefty penalties.
| Offence | Expiation Fee (excl $60 Victims of Crime levy) | Maximum Court Penalty |
|---|---|---|
| Unregistered | $315 | $2,500 |
| Uninsured (CTP) | $582 | $5,000 |
| Unregistered & Uninsured (CTP) | $897 | $7,500 |
2011-12 Premiums
A 2.4% increase in the average CTP premiums across all vehicle classes will come into effect from 1 July 2011, including an increase in Class 1 passenger vehicle premiums to $489 (i.e. for the family car garaged in or near Adelaide).
How are Premiums calculated?
Equity markets and increases in medical and wage costs can force premiums to increase unless the number of road injuries and deaths requiring compensation reduce. MAC aims to contain annual premium increases by managing its investments, the cost of administering the scheme and the cost of claims.
An independent committee established under Section 129 of the Motor Vehicles Act, advises the Government on how much to charge for CTP Insurance premiums. The Committee determines rates on a fair and reasonable basis and allows for appropriate levels of funding and return so that MAC can continue to pay compensation to claimants.
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