Truck Cover offers some of the cheapest truck insurance in Australia, supporting you and your business when you need it most. Browse our comprehensive truck insurance policies and get in touch today for a quote.
Truck insurance is a type of commercial vehicle insurance specifically designed for trucks and other large commercial vehicles like semi-trucks, semi-trailers, and rigid trucks. It typically covers vehicle damage (including fire/explosion), third-party liability costs, legal fees etc.
This insurance covers various man-made and natural events, from vehicle damage to liability for accidents, cargo protection, medical expenses, theft, vandalism and natural disasters. Some comprehensive truck insurance policies offer uninsured motorist coverage and personal injury protection for drivers and passengers.
If you are comparing insurance for trucks within your fleet, there are a few things you will need to consider. The amount of truck insurance coverage you need depends on several factors, including where your vehicle will be travelling (like interstate vs local travel); what types of materials are being transported (e.g., hazardous substances); and financial resources to cover any potential losses due to an accident or other incident.
With more than 15 years of experience in the trucking industry, Truck Cover can help you select the right cover for your vehicle. We take the hassle out of comparing your options, sifting through multiple truck insurance quotes to ensure you receive the most competitive offer for your needs.
There are two types of commercial vehicle insurance coverage options available in Australia. The type of coverage you need will depend on your specific needs and circumstances.
The types of truck insurance coverage available through Truck Cover are:
This type of coverage covers damage to your truck (including attachments & accessories) from events such as accidents, theft, fire, and natural disasters.
Without comprehensive truck insurance, the financial burden of repairs or replacement can be overwhelming. This type of insurance not only protects your investment but also provides peace of mind, knowing that you are covered in case of unforeseen events.
This type of coverage covers damage to other people’s property or injuries to other people caused by your truck. This coverage protects you from the financial burden of legal fees and compensation claims, ensuring you can meet your legal obligations without significant out-of-pocket expenses.
Depending on the insurer, you can also include optional benefits such as Windscreen Excess Waiver, which covers the cost of windscreen repairs or replacements without an excess fee and Downtime/Hire Costs, which compensates you for lost income or rental expenses while your truck is being repaired.
Compare Quotes From Multiple Truck Insurers
Truck insurance is a crucial investment safeguarding your assets, business, and income.
Here are some of the benefits of having truck insurance:
Knowing that you’re covered in the event of an accident can give you peace of mind and allow you to focus on your work.
If your truck is damaged or stolen, truck insurance can help you pay for repairs or a replacement.
Truck insurance can also provide legal protection if you’re involved in an accident. This could cover the cost of legal fees and any settlements.
Whether you’re after small truck insurance or larger vehicle coverage, the Truck Cover team can match you with the right policy. Filter through our policy options and contact us for a truck insurance quote today.
How much does truck insurance cost?
The cost in Australia varies based on several factors, making it difficult to provide an exact figure. Factors influencing the premium include:
- Type of coverage: Comprehensive, third-party property damage, or downtime insurance all have different costs.
- Vehicle type and value: The truck’s make, model, age, and condition impact the premium.
- Usage: Purpose and frequency of use, distance traveled, and cargo carried can affect pricing.
- Claims history: A clean record may result in lower premiums, while a history of claims can increase costs.
- Location: Operating in urban or high-risk areas can lead to higher premiums.
- Excess: Choosing a higher excess may reduce the premium.
Call Truck Cover today to obtain affordable truck insurance quotes from multiple insurers.
what are the benefits of heavy vehicle insurance?
Truck insurance in Australia offers numerous benefits, including:
- Financial protection: It covers financial losses arising from accidents, theft, or damage to your truck, safeguarding your investment.
- Liability coverage: Insurance protects against third-party property damage or injury claims, minimizing financial risks associated with at-fault accidents.
- Business continuity: Including downtime insurance helps cover lost income due to truck repairs or replacement, ensuring business stability.
- Customization: Truck Cover can tailor policies to your specific needs, such as owner-operators, small businesses, or large transport companies.
- Peace of mind: Adequate coverage reduces stress and uncertainty, allowing you to focus on your core business operations
- Support: Truck Cover offers expert advice and assistance during the claims process, simplifying a potentially complex situation.
How do i get truck insurance?
To get insurance for your trucks in Australia, follow these steps:
- Research: Understand the types of insurance available, such as compulsory third party (CTP), comprehensive, third-party property damage, and downtime insurance.
- Assess your needs: Determine your specific requirements based on your truck type, usage, and risk exposure.
- Compare providers: Research various insurance companies, comparing their coverage options, premiums, and customer reviews.
- Obtain quotes: Contact Truck Cover to obtain quotes for your desired coverage.
- Evaluate quotes: Compare the costs, coverage, and terms before selecting a suitable provider. Truck Cover does this on your behalf
- Apply: Complete the application process, providing necessary documentation and information.
- Purchase: Pay the premium and receive your policy documents, ensuring you understand the coverage inclusions, exclusions, and conditions.
who needs truck insurance?
It’s essential for anyone operating a truck or heavy vehicle, including owner-operators, small businesses, and large transport companies. It is designed to protect drivers and their assets from financial losses due to accidents, theft, or damage. Insurance coverage is required for various types of trucks, such as rigid trucks, prime movers, and trailers. Additionally, specific types of truck insurance are mandatory in Australia, like compulsory third party (CTP) insurance, which covers injuries caused to others in an accident. Other optional coverage includes comprehensive, third-party property damage, and downtime insurance, depending on individual needs and risk exposure.