Premiums for the Motor Accident Injuries (MAI) scheme are subject to government regulation to ensure that they can cover our community’s needs.
The premiums are set by and paid to a licensed private sector MAI insurer.
When setting premiums insurers consider the estimated claims cost for the year (the average claim cost), the estimated number of claims (claim frequency), and administration costs. Other factors considered when calculating premiums are the type and use (private or business) of the vehicle.
The ACT’s MAI scheme is a ‘community rated’ scheme, where motorists in each vehicle class pay the same premium regardless of their individual circumstances and risk of being involved in an accident. ‘Community rated’ schemes provide equality and affordability, and reduce the cost of compulsory personal injury insurance for drivers with differing circumstances (such as young and older drivers).
The MAI scheme incorporates a Motorcycle Levy which is subsidised by other vehicle class premiums. This is required to maintain premium affordability for motorcycles as significantly more motorcycle claims, at a relatively high cost, will now be covered under the MAI scheme (compared to the previous CTP scheme).
Your Motor Accident Injuries policy
On 1 February 2020, your existing CTP insurance policy will become a MAI policy and you will be automatically covered under the new scheme. You do not need to cancel or do anything with your CTP policy.
You will see the new MAI premium reflected in your registration renewal notice when your registration becomes due.
You can find information on current and previous CTP premiums on the CTP website.
Motor Accident Injuries Premiums Payable
The new MAI premiums in the ACT for all MAI vehicle classes are provided below for each licensed insurer. Consumers should note that MAI insurers may offer incentives such as cash/back, multi-policy or other types of discounts on their products. You will need to contact the insurers directly or visit insurers’ webpages to obtain information on these products.
The contact details for each of the insurers is as follows:
The levies that appear on your registration renewal notice fund other services associated with road usage, including the MAI Commission and the Lifetime Care and Support (LTCS) Scheme.
The MAI Commission levy supports the commissioner in performing its role to regulate, administer, oversee, review and monitor the ACT MAI Scheme. The LTCS levy provides funds for the treatment and care of catastrophically injured persons from motor accidents. You can find information on this scheme on the LTCS website.
MAI premiums in the ACT
AAMI MAI Premiums effective 1 February 2020608 KB
AAMI MAI Premiums effective 1 February 202028.4 KB
Apia MAI Premiums effective 1 February 2020615.4 KB
Apia MAI Premiums effective 1 February 202028.4 KB
GIO Insurance MAI Premiums effective 1 February 2020616 KB
GIO Insurance MAI Premiums effective 1 February 202028.5 KB
NRMA Insurance MAI Premiums effective 1 February 2020590.4 KB
NRMA Insurance MAI Premiums effective 1 February 202029.9 KB