From 1 July 2019, you choose your own CTP Insurer.
How do I choose?
When you receive your registration renewal notice, there is an updated section on your form. In this section, you choose from one of four CTP Insurers by ticking the box for your chosen period of registration next to the insurer's name. Each insurer's policy coverage is identical and set by the Government. So, to help you make your choice, you are given a simple comparison of each insurer’s premium price and Claimant Service Rating (a measurement of how people who have made a claim rate the insurer's service) for each insurer.
Once you have chosen your insurer and ticked the box, you pay for your registration and CTP insurance in one easy transaction.
Learn more about renewing your CTP insurance and watch the video below for more information about choosing your CTP Insurer.
Why is there choice?
To set the conditions for CTP insurers to compete and give choice to motor vehicle owners, the Government introduced a market-based CTP insurance model. During a three year transition period from 1 July 2016 to 30 June 2019, four Government-approved CTP Insurers provided the same CTP insurance product (the compulsory Policy of Insurance) at the same price. The insurers still offer the same product, but can now compete on price, service and incentives.
Other changes to the CTP insurance model are designed to:
- make the choice of CTP Insurer easy for motor vehicle owners, and
- keep CTP premiums fair and equitable for motor vehicle owners.
In developing the Competition Scheme, the Regulator consulted widely with industry stakeholders both interstate and overseas. To help make these changes to the CTP Scheme, the Regulator:
- conducted market research with motorists and claimants over two years to ensure their views were considered, and
- worked closely with the Department of Planning, Transport and Infrastructure (now the Department for Infrastructure and Transport) and Service SA in the development of tools and information to support motorists.
Find more information in frequently asked questions.