Every registered motorist in Queensland, for a standard private vehicle (Class 1), pays up to $343.20 (FY18-19) (Motor Accident Insurance Commission Annual Report 2018-2019) each year for motor injury (CTP) insurance, which includes fees and levies distributed to other government and emergency services. The annual price of CTP insurance varies depending on what type of vehicle the motorist registers.
Your CTP payment is made up of government levies and an insurance premium. These amounts vary depending on the type of vehicle you drive.
For a regular private car or station wagon (Class 1), the typical annual CTP insurance fees are made up as follows:
Statutory Insurance scheme levy
Fees that fund the regulator and their research
Nominal Defendant levy
Fees that fund claims from uninsured or unidentified vehicles
National Injury Insurance Scheme Queensland (NIISQ) levy
Fees that fund a no-fault scheme for catastrophic injuries (treatment and care)
Department of Transport and Main Roads fee
Hospital & Emergency Services levy
Bulk funding for public hospital and ambulance services for motor injuries
Premium payment to nominated insurance company
In simple terms, the insurance cover typically provides financial compensation for: