Weighing up CTP as RACQ drops it from its car insurance
Last week, popular insurance provider RACQ said it plans to withdraw its Compulsory Third Party (CTP) insurance scheme from its car insurance offerings.
RACQ will cease offering CTP cover to drivers from 30 September 2023, and from October, Queensland motorists will no longer be able to nominate RACQ as their CTP insurance provider. The drivers with an existing insurance policy with RACQ will be in place for the next 12 months and will be transitioned to another insurance provider on their renewals.
But why has RACQ stopped offering CTP?
In the last five years, the gap between the most and