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 truck market is moving into a new buying cycle, with Isuzu’s latest model range putting a sharper focus on safety, emissions performance, driver comfort and connected technology. For owner-operators and small fleet businesses, the announcement is more than a product update. It is a reminder that truck purchasing decisions are increasingly tied to whole-of-life cost, compliance expectations and the ability to keep vehicles earning without avoidable downtime. - read more
Australia Post’s latest electric fleet expansion is a clear signal that battery-electric trucks are moving from trial status into practical fleet planning. Backed by a $40.5 million Federal Government investment, the national carrier is preparing to add more than 100 electric vehicles across vans, light and heavy rigid trucks and prime movers, supported by depot charging and electrical upgrades. - read more
Victoria's new electric heavy vehicle trial has moved from policy discussion to real-world testing, with Cahill Transport named as the first operator to take part. For truck buyers and fleet owners, the most important detail is not just that another electric truck is hitting the road. It is that the trial is designed to produce practical operating data that may help businesses make better decisions before committing capital. - read more
Australia’s new truck and heavy van market has reached the halfway mark of 2026 with another clear signal that operators are buying more cautiously. June registrations totalled 4,172 units, down 14.6 per cent from 4,888 in June 2025. Across the first six months, 19,526 trucks and heavy vans were sold, compared with 22,582 over the same period last year, putting the market around 13 per cent behind. - read more
Are you thinking about getting a new or used truck but unsure of which one is the better choice? This article is here to help guide you through the financial considerations involved in truck loans. We'll talk through what makes new trucks so appealing, with their cutting-edge tech and features, and what makes used trucks a more budget-friendly option. - read more
In the vibrant transport industry, growth and expansion are the keys to staying competitive and meeting increasing demands. For both owner-drivers and fleet operators, scaling up operations typically involves acquiring new trucks or upgrading existing ones. This often requires significant investment, making truck financing an essential component of the business model. - read more
When it comes to financing a truck, whether for business or personal use, one of the first decisions you'll face is whether to invest in a new or used vehicle. This choice is more than a mere preference; it has significant financial implications that can affect your business's bottom line. - read more
Truck financing is an essential aspect for both owner-drivers and fleet operators in Australia. It enables them to procure trucks that are crucial for their operations. Whether you're just starting with a single vehicle as an owner-driver or managing a large fleet, securing the right kind of finance can make a significant difference in your business's success. - read more
Knowledgebase
Subprime Loan: A type of loan offered to individuals with poor credit scores, typically at a higher interest rate.
