Hi all,
First time poster, i have just renewed rego for 12 months on a Ford Falcon and was astounded by the rising cost of rego but mainly the CTP cost which comes in at $487.50 for my car, compared to the $280 i recently paid for a 4×4 LCV in NSW i find this cost astronomical. NRMA has had a monopoly for far too long and they keep taking advantage of this, ACT has opened up the criterea for other insurers but none have joined. Sorry if this sounds like a rant, can anyone shed some light on this?
link to CTP cost: http://www.treasury.act.gov.au/compulsorytpi/NRMAInsuranceCTPPremiumsApril2010.pdf