Does brand matter with CTP and MAI Insurance?

If you’re registering a vehicle in New South Wales, Queensland, South Australia or the Australian Capital Territory, you’ll likely be able to choose your CTP or MAI insurer. However, it may be difficult to know which insurer is best for you. Here’s some things to consider when choosing your CTP or MAI Insurance brand at your next registration renewal.

Will I receive a different level of cover?

Compulsory Third Party (CTP) and Motor Accident Injuries (MAI) Insurance provide cover for people who may be injured or killed in a motor accident involving your vehicle. This may include the driver of your vehicle, other drivers, passengers, pedestrians, cyclists and motorcyclists. In some states and territories, the person driving your vehicle may not be covered, depending on the accident circumstances. Both CTP and MAI Insurance are compulsory, and you’ll need one or the other wherever you are in Australia.

Within your registered state or territory, the cover you receive under your CTP or MAI Insurance policy will be the same, regardless of the brand you choose.

How much experience does my insurer have?

Check to see how much experience your CTP or MAI insurer has. For example, GIO has been helping customers navigate the uncertainties of life since 1927 and has been involved in CTP insurance since the late 1940’s.

As an added benefit for New South Welshmen and Territorians, GIO has CTP and MAI claims teams based directly in NSW and the ACT. This means if you ever need to make a CTP or MAI claim with GIO, you’ll be looked after by a local.

Does my insurer offer a multi-policy discount?

If you already hold an insurance product with one of the CTP or MAI insurers in your state or territory, it can be worth checking to see if they offer a multi-policy discount. For example, GIO offers a 10% multi-policy discount if you hold 3 or more eligible policies*.

Note that due to legislation, your CTP or MAI policy premium cannot be discounted. However, CTP and MAI policies do count toward your 3 eligible policies, so you may be eligible to receive a discount off your other insurance policies – and those savings can really add up!

How does my choice of CTP or MAI insurer support the community?

We all want to know that our choices are having a positive impact. So it can be helpful to consider how your chosen CTP or MAI insurer supports your community. For example, GIO partners with Wheelchair Sports NSW/ACT, TAD and the Canberra Hospital Foundation, both supporting injured people on their road to recovery and providing support and opportunities to people of all abilities.

What if I live in Victoria, Tasmania, Western Australia or the Northern Territory?

In Victoria, Tasmania, Western Australia and the Northern Territory, insurance is offered by a single provider on behalf of the state or territory government. This means you don’t need to choose your CTP insurer when you register your vehicle, making the registration renewal process that much easier.


Learn more about GIO MAI Insurance for the ACT

Learn more about GIO CTP Insurance for NSW

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Insurance issued by AAI Limited ABN 48 005 297 807 trading as GIO. 

The information is intended to be of general nature only. We do not accept any legal responsibility for any loss incurred as a result of reliance upon it – please make your own enquiries.

*You may quality for our multi policy discount if you hold three or more eligible policies with us. These include Home Building, Contents, Landlord, Car, Motorcycle, Caravan or Boat Insurance. A GIO NSW CTP Insurance policy or GIO ACT MAI Insurance policy will count as an eligible policy, but the premium for these policies cannot be discounted. If you are eligible for more than one discount, we apply each in a predetermined order to the already discounted premium (usually before adding taxes and charges). Discounts are subject to change. Minimum premiums may apply. Discount not applied to the following optional covers: GIO Roadside Assist; GIO Home Assist; Excess-free Glass; Domestic Workers Compensation.