Manage your rego monthly

Motorists now have the option to pay their annual registration bill monthly, after a new renewal term was introduced by the State Government.

The new system was launched on 15 February after a survey found almost one in five people would prefer to make registration and compulsory third-party insurance (CTP) payments by the month.

RACQ spokesperson Renee Smith said registration was one of the most significant annual costs and a monthly option would ease the financial burden on households.

“We welcome the State Government’s move to give motorists more choice,” Ms Smith said.

“Behind housing and food, transport costs are the biggest burden on the household budget and this form of payment will give people the chance to break up a huge annual cost, into smaller more manageable amounts.

“There’s a small surcharge to pay monthly and it’s only available if you sign up for the Department of Transport and Main Road’s direct debit service.

“By restricting the monthly payment option to direct debit only reduces the risk of accidentally missing a bill and driving an unregistered car which has serious complications if you’re involved in a crash and don’t have CTP insurance.

Ms Smith said while this was a step forward in relieving pressure on household budgets, Queensland still had one of the highest registration costs in the country.

“We’re calling on the State Government to freeze registration for the next three years in the upcoming State budget to help Queenslanders manage their money,” she said.

“This is a big issue for Queenslanders so we’ll be taking this policy to the upcoming State election to have a commitment from the major parties to consider the rising costs of living for drivers.”