Estimate your truck insurance needs with our Truck Insurance Calculator. Work out the right levels of cover to protect your truck, trailer/s, accessories and your financial livelihood.
'Calculator results are estimates only and not quotes. Actual quotes will be provided by licensed brokers after you submit an enquiry.'
Truck Insurance – Sum Insured Calculator
Work through each step to capture the replacement cost of your truck, trailers, fitted equipment and accessories to help avoid underinsurance.
Tip: If you only have a rough idea for an item, add “(estimate)” in the name and refine later.
Step 1 of 5
1) Vehicle details
Enter the truck/prime mover and its replacement value (excluding trailers and loose tools).
Do not include trailers or loose tools here.
Most commercial motor sums insured are set ex-GST for GST-registered businesses.
Shown on your summary only.
Next: add any trailers.
2) Trailers
Add each trailer and its replacement value.
3) Fitted equipment & modifications
Crane, tail lift, sleeper fit-out, bull bar, winch, toolboxes (fitted), hydraulics, etc.
4) Accessories & on-board tech
Tarps, gates, chains/straps, signage/wrap, GPS/telematics, dashcams, UHF, etc.
5) Results
Calculate your recommended vehicle sum insured (including selected GST treatment).
When you’re ready, calculate your recommended sum insured.
Heads-up: Cargo/freight, tools of trade, public liability, and downtime cover are not part of the vehicle sum insured.
Ask us about Marine Transit, General Property and Liability if needed.
Calculator outputs are estimates only and do not constitute quotes. Actual quotes will be provided by a licensed broker after you submit an enquiry.
Calculator outputs are estimates only and do not constitute quotes. Actual quotes will be provided by a licensed broker after you submit an enquiry.
How to use our Truck Insurance Calculator
Our Truck Insurance Calculator helps you estimate a realistic sum insured for truck insurance in Australia by adding up the replacement cost of your truck, trailer or trailers, fitted equipment, modifications, and accessories. Getting the sum insured right matters because underinsurance can leave you out of pocket after a total loss, while overinsurance can mean paying more premium than necessary.
How to complete the calculator for the best result:
1. Truck type: Select the option that matches your vehicle (for example prime mover, rigid, or LCV). This keeps your estimate aligned with typical market values for your category.
2. Make, model, year: Enter accurate details to reflect the real replacement market for your truck. If the truck has a unique specification, note that in the items you add later.
3. Base vehicle value (replacement): Enter what it would cost to replace the truck like for like today. Do not include trailers or loose tools in this figure.
4. Trailers: Use Add trailer and enter each trailer separately (including replacement value). This improves accuracy where multiple trailers are used across jobs.
5. Fitted equipment and modifications: Use Add equipment/mod for permanently fitted items and upgrades (for example hydraulic systems, custom bodies, tail lifts). Add realistic replacement costs, not original purchase prices if costs have changed.
6. Accessories and on-board tech: Use Add accessory for items like GPS, telematics, cameras, additional lighting, or other mounted tech you would replace after a claim.
7. GST treatment: Choose GST-registered to view totals excluding GST, or not GST-registered to view totals including GST, as many commercial sums insured are set ex-GST for GST-registered businesses.
8. Financier (optional): Add financier details for your summary if applicable.
How to interpret the results: The recommended sum insured is the combined total of your base truck, trailers, fitted equipment, and accessories. Use it as a starting point when requesting quotes and comparing cover options. If the figure feels low or high, review each component and update values to reflect current replacement pricing.
Important: This calculator provides general information only and does not consider your objectives, financial situation or needs. Results are estimates and not a quote. Consider the relevant Product Disclosure Statement and duty of disclosure, and note that cargo or freight, tools of trade, public liability, and downtime cover are not included in the vehicle sum insured and may need separate insurance.
In a significant development for Australia's agricultural sector, Harland Green, a newly established Lloyd's coverholder, has unveiled an all-risk farm insurance package specifically designed for large commercial farming operations. This initiative aims to address the complex and evolving needs of the agricultural industry by offering comprehensive coverage that encompasses various aspects of farm operations. - read more
With Australian farm incomes under pressure and insurance premiums rising by up to 40% in some regions, agricultural leaders are urging producers to move away from a 'set and forget' mentality. In today's climate, being strategic with your insurance is no longer just a recommendation—it is a vital business necessity. - read more
As the Australian summer approaches, farmers are being urged to brace themselves for potential storm-related damages. Recent data from Elders Insurance reveals a significant uptick in storm-related insurance claims, underscoring the need for proactive risk management strategies. - read more
Cover crops are a diverse group of plants grown primarily for the benefit of the soil rather than for crop yield. They are planted in the off-season after harvesting the main crop. The primary goal is to cover the soil, reducing erosion and enhancing soil health. - read more
Farm equipment insurance provides vital protection for Australian farmers, shielding them from unexpected financial losses due to damage or theft of their machinery. Given the significant investment involved in acquiring and maintaining farm equipment, having the right insurance is crucial. It ensures that farmers can quickly repair or replace essential machinery, minimising downtime and maintaining productivity. - read more
In recent years, Australia has witnessed a notable increase in the frequency and severity of natural disasters. From bushfires and floods to cyclones and droughts, these events have become almost a regular occurrence, affecting countless communities across the nation. For farmers, these natural disasters pose a serious threat not only to their means of livelihood but also to their way of life. - read more
Farming is not just an occupation; it's the backbone of Australia's economy and a vital part of our national identity. From the vast wheat belts of Western Australia to the fertile valleys of Victoria, our farmers work tirelessly to feed not just our nation, but countries all over the world. Their commitment ensures food security and supports rural communities, making farming a crucial industry for Australia's prosperity. - read more
Knowledgebase
Insurance Policy Excess: The amount you will have to contribute when you make a claim.
