Due to the different legislations in each state, the requirements for registering your car and choosing the correct class of Compulsory Third Party (CTP) insurance vary depending on where your car is registered.
Motor Accident Injuries insurance in the ACT
In 2020, the CPT insurance scheme has been changed to the Motor Accident Injuries (MAI) scheme. Under the MAI, provides better and fairer coverage to protect motor vehicle owners and drivers from being held financially responsible if they injure someone in a motor vehicle accident. It also enables a person who is injured wholly or partly due to the actions of another driver to access medical treatment and rehabilitation support as well as receiving fair and timely compensation. For more information please visit the MAI Commissions website.
How do I register my car in ACT?
In the Australian Capital Territory, you will need to change your MAI insurance class to the newly created class 25B for personal share vehicles. This MAI insurance class covers for vehicles that are to be used for personal vehicle sharing or peer-to-peer vehicle sharing. For more information about this class please read here.
Changing your class will result in an increase in your annual premium. However, you should make this back quickly through renting your car out. In addition, annual registration cost may also now be partly tax deductible.
Note: Registering your car correctly is important as fines apply if incorrectly classified, and the MAI insurer could claim back any under-paid premiums.
Changing your MAI class
- Call Access Canberra on 13 22 81, select option 2 for vehicle registrations, then option 4 for registration enquiries.
- Tell Access Canberra you want to change your CTP insurance to class 25B for personal share vehicle.
- Pay a pro-rata amount to upgrade your CTP for the remainder of your current registration.
Make sure to specify that this is not for ridesharing (e.g. Uber), but renting out your car for someone to drive themselves otherwise known as peer-to-peer car sharing.
Choosing a MAI provider
In the ACT there are four MAI providers are:
The up-to-date class 25B premiums from each provider can be found under 'MAI insurers and Premiums' in this article.
You may want to consider switching providers to get the best deal. You can switch providers with Access Canberra when you next renew your registration.