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The Law Society on why CTP is marvelous

By johnboy - 22 August 2012 7

With the Queen of Personal Injury Lawyers Noor Blumer running the Law Society we should not be surprised they’re stoically defending the personal injury system which drive the cost of Compulsory Third Party car insurance.

Ms Noor Blumer, the President of the ACT Law Society released a comparative table of CTP premiums today.

“As the table shows it is difficult to directly compare ACT premiums with NSW premiums because there are so many factors that influence NSW premiums including age of driver, age of car, driving record and location,” Ms Blumer observed.

“What we can say is that ACT premiums are significantly lower than Sydney, Parramatta, the Blue Mountains and Sydney suburbs and about the same as Wollongong and Newcastle,” Ms Blumer said.

“You can’t really compare Canberra with Queanbeyan. Even so, a 24 year old can expect to pay as much as his/her equivalent in the ACT,” stated Ms Blumer.

“The major difference is injured people are properly compensated if they are injured in the ACT. That’s the point of insurance,” said Ms Blumer.

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7 Responses to
The Law Society on why CTP is marvelous
mcs 9:10 pm 22 Aug 12

Surely their use of an example of a ’24 year old’ driver shows the weakness of their argument.

24 is the last year that the young driver in NSW is hit really hard by the ‘young driver = absolutely dangerous’ surcharge. If you shop around, once you turn 25 in NSW, if you have a good record, then you can find a vastly cheaper policy. My car is still registered in NSW (I know I know, bad me – but the car is still in my parents name), and when I got my CTP this year after turning 25 not long before I saved the good part of $300 on the previous year premium.

darkmilk 9:02 pm 22 Aug 12

“The major difference is injured people are properly compensated if they are injured in the ACT. That’s the point of insurance,” said Ms Blumer.

Translation: “I make lots of money from insurance”, for people who are not at fault anyway. How many people realise the ACT is still an at-fault system? I.e. if you are considered to have caused the accident you cannot claim against third party – whereas in NSW anyone injured can claim, within the cap.

helium 7:03 pm 22 Aug 12

..a 24 Year old might pay the same, but a 40 year old is up to $140 less in Qbn.

Can we please have CTP based on Age, Vehicle and Driving History (align risk with cost).

and can we speed up the claims process and reduce the (large) overheads from lawyers.

and can we have a system that allows both Fair Compensation and Competition.

and lastly some enforcement of ACT residents with interstate vehicles dodging CTP and Rego.

damien haas 5:57 pm 22 Aug 12

They certainly have great expectations…

milkman 5:33 pm 22 Aug 12

One of the few areas where those of us in Queanbo get to pay less.

Deref 5:12 pm 22 Aug 12

Lawyers wouldn’t lie or pursue naked self-interest! They must be right!

davo101 4:32 pm 22 Aug 12

You can’t really compare Canberra with Queanbeyan

Because? Given the vast numbers of cars that come across the border every morning I would guess that the risk exposure of the average QBN motorist is the same as for an ACT motorist.

Even so, a 24 year old can expect to pay as much as his/her equivalent in the ACT

Yay, everyone in Canberra has to pay as much as a high-risk driver from Queanbeyan.

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