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 based on the inputs and assumptions used and are provided for general information only. They are not quotes, offers, approvals, eligibility decisions or personalised recommendations, and do not indicate that a lender will provide credit. Actual costs and repayments may differ.
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.
If you're running a business in Australia, trucks might be a crucial component of your operations. Whether for transportation, delivery, or service, trucks play a vital role in ensuring business efficiency and success. However, acquiring these vehicles is not always straightforward, leading many business owners to face the lease vs buy dilemma. Understanding the right financing option for trucks can significantly impact your business's financial health. - read more
When it comes to managing a fleet, the financial decisions you make can significantly influence your business operations. Understanding the impact of fleet costs is crucial, as it helps in ensuring the sustainability and efficiency of your operations. High fleet costs can eat into your profits, making it vital to find cost-effective solutions. - read more
Choosing between a new and used truck can affect the amount you borrow, the loan term, lender assessment, maintenance risk and resale assumptions. This guide explains the main finance considerations for Australian business and personal truck buyers. - read more
For many businesses across Australia, trucks are not just vehicles—they're an integral part of operations. Whether it's delivering goods, providing services, or transporting raw materials, having a reliable truck can make all the difference in ensuring smooth business operations. - read more
ASIC’s latest review of mortgage broker conduct has put a spotlight on how loan recommendations are explained, documented and challenged when a cheaper option is available. Although the review focused on home loan brokers, the practical lesson is broader: borrowers should understand not only the advertised rate, but also why a particular loan structure, lender or feature is being presented as suitable. - read more
Australia’s electric truck conversation has shifted from vehicle availability alone to the practical question of where, when and how commercial vehicles will charge. Ampol’s October 2026 activity has made that shift clearer, with the company announcing a proposed acquisition of Evie Networks and a separate memorandum of understanding with Foton Mobility Distribution to explore charging solutions for electric commercial vehicles. - read more
ASIC’s 13 October 2026 review of major mortgage broker groups has delivered a timely reminder for borrowers: a loan recommendation should be understandable, evidence-based and clearly connected to the customer’s needs. The regulator found that broker practices generally aligned with its guidance, but also identified gaps in how some higher-cost loan recommendations, supervision processes and complaints were handled. - read more
Australia’s motorcycle market is ahead of last year after the first nine months of 2026, but the latest FCAI-audited figures point to a recovery driven mainly by off-road demand rather than a uniform lift across every type of bike. For riders thinking about motorbike finance, that distinction matters because the practical costs attached to a trail bike, junior motorcycle, scooter or road machine can look very different once purchase price, transport, gear, insurance and maintenance are considered together. - read more
Interest Rate: A rate which is charged or paid for the use of money. An interest rate is often expressed as an annual percentage of the principal. It is calculated by dividing the amount of interest by the amount of principal. Interest rates often change as a resul
