Multi-year equipment insurance
Fixed-price cover for the equipment your business runs on.
See your indication before you give us your name, mobile or email.
Five years cover in five minutes. One premium, locked for up to five years, that doesn’t move with claims, inflation or the market.
Earthmoving
Excavators, loaders and dozers financed over five-year terms, where a fixed premium matters most.
Insurance indication
See your indication first.
About ninety seconds.
Tell us the machine, its value, your state, the term and registration, then confirm your ABN. You see your indication before we ask for a name, mobile or email. No proposal form and no claims-history questionnaire.
An indication is an estimate, not a quote or an offer of insurance.
Your insurance indication
Each policy covers up to $2 million of equipment. Above that, our partner sets up more than one policy, each with its own fixed premium.
Same state and term as the first item. Different state or term? Tell our partner when they contact you.
Done. We have your details.
- NowYour indication and details reach our team, who pass them to our specialist insurance partner.
- Same business dayThe partner emails you an e-brochure for your consideration, with the policy wording.
- When you acceptAccept online, and your certificate of currency follows in about five minutes.
- ABN
- State · term
- Average per year (incl. GST)
- Pay upfront
- Pay by the month
- Re-rated during the term
- No, set on day one
Who we cover
Built for any business that owns, operates or finances equipment.
Earthmoving, construction, mining, transport, agriculture and cleaning, across more than 40 approved item types, new or used up to 40 years old.
Earthmoving
Excavators · Dozers · Loaders
Construction
Telehandlers · Boom lifts · Rollers
Mining & quarrying
Excavators · Dozers · Crushers
Transport & logistics
Tipper · Low loader · Curtainsider
Agriculture
Tractors · Sprayers · Seeders
More sectors to follow
Medical, dental, survey and electronic equipment are planned for later. Register your interest and we’ll email you when they open.
Why fixed
Priced once.
Not every year.
A standard annual policy is re-rated at every renewal for claims, inflation and market changes. A multi-year policy sets the price for the whole term on day one.
Annual policy
Re-rated yearlyFour renewals, four re-ratings. Bar heights are illustrative, not real premiums.
Fixed multi-year policy
Locked on day oneOne price for the term you choose, set on day one and never re-rated. The bars show the insured value: 100% in years 1 and 2, then a 10% depreciation each year from year 3.
In the five years to June 2026, insurance prices paid by Australian households rose 47.9%, about double the 24.1% rise in all prices (ABS). Why premiums keep rising.
| Year | Annual policy | Fixed multi-year policy: insured value |
|---|---|---|
| 1 | Starting premium | 100% |
| 2 | Re-rated at renewal | 100% |
| 3 | Re-rated at renewal | 90% |
| 4 | Re-rated at renewal | 81% |
| 5 | Re-rated at renewal | 72.9% |
What fixed cover costs
Real five-year premiums from current policies.
Each price is set for the whole five years on day one. Yours depends on your state, item, value, term and registration.
Monthly figures are estimates. Paying by the month means an initial payment, then equal monthly payments; your indication shows each amount.
How it works
Three steps, all online.
No proposal form covering years of claims and legal history. Pay upfront, pay monthly, or include it in your finance with participating lenders.
Get your indication
Your machine, its value and your ABN, and your indicative premium appears on screen, before we ask for a name, mobile or email.
We connect you
Our specialist insurance partner emails you an e-brochure for your consideration.
Lock it in
Accept online and paperless. Your Certificate of Currency follows in about five minutes.
Try the finance calculator: the loan repayment and the insurance indication for the same term, side by side. How it works in detail.
Your contact at EquipCover
James Rock
National Partnerships Director
James brings more than 15 years of experience in the equipment marketplace sector. He has partnered with leading OEMs and Australia’s largest equipment and truck dealer networks, alongside the country’s biggest digital equipment marketplaces and advertising platforms.
At EquipCover, he leads national partnerships, helping marketplaces and key vendors offer buyers fast, transparent five-year fixed-premium equipment insurance at the point of sale.
FAQs
Common questions.
Can’t see yours? Every question we answer is on one page, or call us on 0457 932 988.
Do I have to give my contact details to see an indication?
No. You see the indication on screen before we ask for a name, mobile or email. It only needs the machine’s details, your ABN and your consent.
Does this include public liability?
No. This policy covers the machine: sudden and unforeseen damage, theft and total loss. Public liability is a separate policy for injury and damage to other people’s property.
What is an insurance indication?
An estimate of your premium from your ABN and five details: state, equipment type, equipment value (ex GST), term and registration. The premium shown includes GST. It isn’t a quote or an offer of insurance.
How much does equipment insurance cost?
It depends on five details: state, equipment type, value ex GST, term and registration. In our examples of real five-year premiums from current policies, the premium ranged from 3.1% to 7.9% of the insured value over five years: $5,511 on a $171,700 excavator and $11,190 on a $141,977 truck trailer, each fixed for the whole term.
Can I pay monthly, or include it in my finance?
Yes. Pay upfront; pay by the month, with an initial payment then equal monthly payments, costing from 12.99% a year more (higher on shorter terms) plus a one-off admin fee, and it isn’t a loan, so there’s no credit check; or include the premium in your equipment finance with participating lenders.
Will my premium go up if I claim?
No. It’s locked for the term you choose and isn’t affected by claims, inflation or market movements.
Is the cover the same every year?
Not exactly. The price for the whole term is set on day one and isn’t re-rated, but the insured value changes: it’s 100% in years 1 and 2, then a 10% depreciation is applied each year from year 3. On a machine insured for $100,000, that’s $90,000 in year 3, $81,000 in year 4 and $72,900 in year 5. Your policy schedule lists the insured value for each year.
Does the policy help with a finance payout?
Yes, on every policy. If the equipment is a total loss while it’s under finance and more is owed than that year’s insured value, cover can pay up to an extra 30% of the insured value towards the payout. The policy wording has the details.
Can I insure equipment I already own?
Yes, if you bought it in the last 60 months: up to 5 years of cover. Equipment bought more than 60 months ago can still be covered, but not on a multi-year policy.
Do you cover medical or dental equipment?
Not yet. Our focus today is earthmoving, construction, mining, transport and agriculture. Medical, dental, survey and electronic equipment are planned for later, and you can register your interest.
Is cover available for private use?
No. Cover is for equipment used wholly or predominantly for business, anywhere in Australia.
