Your CTP insurance premium is made up of the CTP premium paid to the insurer (CTP Insurer Premium) for the Policy of Insurance, an Administration Fee to cover the cost of CTP scheme services, Stamp Duty and GST.
Several other compulsory fees and levies are collected at the same time as you renew your vehicle registration, which are the responsibility of other government agencies. Find out more about other fees and levies.
From 1 July 2016 to 30 June 2019
Premium increases of around 3% per annum were made in line with the contractual agreement between the CTP Insurers and the Government.
This was designed to ensure a smooth transition for both CTP Insurers and vehicle owners ahead of CTP price competition for policies due on or after 1 July 2019.
You can find the CTP premiums for the 12 months ending 30 June 2019 in the 2018-19 Premium Schedule.
From 1 July 2019
A premium range for each premium class is determined by the Regulator based on the Scheme experience and independent actuarial advice (see more information about how premiums are set).
CTP Insurers set their own premiums for each premium class based on how they assess the cost of the Scheme. Premiums are only accepted if they fall at or within the premium range.
The CTP Insurers can adjust their premiums as frequently as they wish by notifying the Regulator. This means that if you renew your registration (for a vehicle in the same premium class) at different times of the year, your premium may differ.
Calculate your CTP premium
To calculate the CTP premium for your vehicle (as a component of the overall registration fee), visit the EzyReg website and click on 'Calculate renewal fee – your vehicle'.
To perform a general fee enquiry for any vehicle, you can calculate the applicable CTP premium (as a component of the overall registration fee) using the ‘Calculate renewal fee – new vehicle’ function on the EzyReg website.
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