top of page
  • Writer's pictureAmanda Bird

Do I Really Need to Get Car Insurance? Is It Compulsory?

If you drive anywhere in Australia, you need to buy CTP insurance, also called "Green Slip" insurance. This insurance protects you from any financial liability if you cause a motor vehicle accident that injures people or damages property.

Do I Really Need to Get Car Insurance? Is It Compulsory?

Yes. You cannot legally drive a car in Australia without CTP insurance. It is called compulsory third party insurance. It is compulsory for all motorists to have CTP insurance.

Why Do I Need Car Insurance?

It's very simple: If you drive a car and cause an accident, you will be liable to pay any damages or losses yourself. Without CTP insurance, you'd have to pay for the damages or loss of any third party yourself. So CTP insurance is a very important form of insurance.

As an example: If you are at fault in a car accident, you will be liable for any injuries to other people as well as for any damage to their cars. You will also be liable for any damage caused to other people's property.

Even if your insurance covers the third party, your insurance coverage will be limited.

Have You Ever Found Yourself Asking These Questions?

1 - Is my car's value even worth insuring?

Even if your car is a scrap heap on wheels, you still need to insure it. If you cause an accident, you will be liable to pay for the repairs. The repairs will be much more than the scrap value of your vehicle.

2 - Isn't Car Insurance Too Expensive?

You can buy cheap car insurance, but it is important to find the right car insurance. You should consider if the cheap car insurance is really suitable for you. Ask yourself what is important in car insurance. There is a lot more to insurance than the premium.

3 - Do I Need Car Insurance If I Am a Safe Driver?

It doesn't matter if you are the safest driver in the world. You still need CTP insurance. You still need to have appropriate coverage for damage you might cause. If you don't have CTP insurance, you are just one accident away from a financial crisis. The consequences for you and your family can be devastating.

How to Save on Car Insurance

You can reduce the cost of car insurance by doing the following:

* Reducing your mileage,

* Making sure there is more than one driver on the policy,

* Taking an advanced driving course,

* Adding a security device,

* Choosing the right car for your needs.

You should choose the amount of CTP insurance to have that is appropriate for your needs. The amount of insurance you need depends on your individual situation and on the costs of your car.

It is important to have enough CTP insurance to cover the replacement value of your car.


CTP insurance is compulsory in Australia. You cannot legally drive a car without car insurance. Without CTP insurance, you could be left with all the costs of any car accident you are involved in. CTP insurance can also be obtained in other countries.

To ensure that you are able to get the insurance that you need, work with an insurance specialist from New Wave Insurance. We help you find the right insurance for your assets, business and vehicles.

16 views0 comments


bottom of page