Insurance For Trucks 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.