Plant And Equipment Insurance Online Truck Insurance Calculator
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.
Australia's construction sector remains under pressure, with recent insolvency figures continuing to show building and construction as one of the most exposed parts of the economy. Higher material costs, tight margins, labour shortages, delayed payments and fixed-price contract stress have all contributed to a tougher operating environment for builders, subcontractors and project owners. - read more
Recent transport industry sales updates point to a more selective new-truck market, with operators weighing replacement timing against finance costs, emissions planning, availability and contract confidence. For truck businesses, that matters well beyond the showroom. A change in buying momentum can flow through to vehicle values, repair economics, insurer appetite and the way fleets should set insurance sums before renewal. - read more
Fresh small business cyber warnings are a practical reminder that digital risk is no longer just a concern for large companies with complex IT systems. For Australian tradespeople, the most damaging cyber incident may be far simpler: a fake invoice, altered bank details, a compromised email account or a scam message that looks like it came from a supplier, builder, real estate agent or client. - read more
ASICs continuing focus on superannuation member services has put another practical issue in front of Australian workers: insurance inside super is not just about whether cover exists, but whether members can understand and use it when they need help. Recent regulatory attention on trustee administration, communication and claims support is a timely reminder for anyone relying on salary continuance or income protection benefits through their fund. - read more
Recent transport industry reporting has again highlighted growing interest in Performance Based Standards vehicles and other high-productivity truck combinations across Australia. For operators, the attraction is clear: fewer trips, better payload efficiency and stronger productivity on approved routes. For insurers, however, the shift is not simply a matter of adding another truck to the schedule. PBS combinations can alter exposure across vehicle value, route compliance, load responsibility, driver capability and recovery after an incident. - read more
Plant and equipment insurance is a specialized form of coverage designed to protect the tools and machinery that businesses rely on for their operations. This type of insurance typically covers various assets, including construction machinery, agricultural equipment, and industrial tools. By safeguarding these critical assets, you can ensure that your business continues to run smoothly even in the event of loss or damage. - read more
Plant and equipment insurance is a specific type of policy designed to protect the tools, machinery, and equipment that businesses rely on for their operations. This insurance safeguards against various risks, ensuring that your essential assets are not a financial burden during unforeseen circumstances. - read more
Mobile plant can face different insurance and regulatory issues when it is transported between worksites or operated on or near public roads. Businesses should understand how plant insurance, transit cover, registration, CTP and liability policies may interact. - read more
In the bustling world of business, safeguarding your assets is crucial. This is especially true for industries reliant on machinery and equipment. One essential type of coverage for such businesses is plant and equipment insurance. It provides financial protection against risks associated with the loss or damage of your essential tools. - read more
Machinery breakdown insurance can help commercial plant and equipment owners manage the cost of sudden mechanical or electrical failure, but it is not the same as cover for theft, accidental damage or wear and tear. - read more
Knowledgebase
Incontestability Clause: A provision in a life insurance policy that prevents the insurer from voiding coverage due to a misstatement by the insured after a certain period.
