Is it legal to drive without insurance?
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Is it legal to drive without insurance?

Is it legal to drive without insurance?

OSAGO insurance is compulsory in all states and territories of Australia.

Yes, it is illegal in all states and territories in Australia to drive a car without mandatory third party liability insurance as this insurance provides financial compensation in the event of bodily injury resulting from an accident.

While there are many types of insurance that you can opt out of, such as life insurance, home contents insurance or travel insurance, compulsory third party insurance (also known as OSAGO insurance and commonly referred to as green leaf in New South Wales), yes , necessarily!

According to the Australian Insurance Council, CTP insurance is mandatory in all states and territories of Australia and covers compensation for all bodily injury your vehicle may suffer from a collision. This legal requirement for everyone on the road exists to ensure that compensation for injuries is guaranteed in the event of an accident. But this does not protect you from financial liability for anything other than bodily injury, nor does it cover you for any damage to your vehicle, so it is important that you also consider various additional types of car insurance, such as comprehensive insurance. insurance, fire and theft only and third party property only.

So how do you make sure you don't get caught without OSAGO insurance? Well, the most important thing you need to do is only drive the cars that are registered and keep all the cars you own registered as CTP insurance is required as part of the registration process although it is important to note that this process differs from state to state. state. . As Compare The Market explains, CTP insurance is included with your registration in most states, but in New South Wales, Queensland and the Australian Capital Territory, you need to select a CTP insurer.

Fines for driving without registration and without insurance vary by Australia, but in general, you face quite large fines.

According to the New South Wales Roads and Maritime Services website, in New South Wales you risk a $607 fine for driving an unregistered vehicle and a $530 fine for driving an uninsured vehicle. In South Australia, according to the Royal Automobile Association, you can be fined $366 plus $60 in crime victim fees for driving an unregistered car and a whopping $677 plus $60 in crime victim fees for driving a vehicle not insured under Compulsory Liability Insurance. third parties. .

Obviously, since motor third party liability insurance exists to protect you from the financial burden in the event of an accident, if you drive without it, you are not only risking legal trouble, but also putting yourself in a very dangerous position. accident event. You will be financially responsible.

This article is not intended as legal advice. You should check with your local road authorities to make sure the information written here is appropriate for your situation before driving this way.

Do you prefer to choose your own CTP insurance company or is it included in your registration? Let us know in the comments section.

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