Tractor insurance
Farm and contracting tractors, including older and conditionally registered machines, with one premium for up to five years.
- Farm tractors
- Contracting
- Conditional rego
- Up to 40 years old
Tractor insurance through EquipCover is a multi-year policy for tractors used in a farming or contracting business. Older machines up to 40 years old and conditionally registered tractors can be covered, and the premium is fixed for up to five years.
Insurance indication
Tractors, fixed for up to five years.
The machine, its value, your state, the term and registration, then your ABN. About ninety seconds, no proposal form, and you see your indication before we ask for a name, mobile or email.
An indication is an estimate, not a quote or an offer of insurance.
Financing it? See the finance repayment and the insurance together in the calculator, before you give any details.
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
The problems this solves
What fixed cover solves for tractors.
Older tractors
Tractors up to 40 years old can be covered, new or used. Older equipment is often harder to insure on an annual policy.
Conditional registration
Many tractors run on conditional registration for limited road access. In NSW that allows farming and farming contracting, roadside mowing, and roadworks and earthworks, with no freeway or motorway use. In Victoria the operator must belong to an approved operator group. In South Australia, special purpose vehicles can be registered for any 3-month period up to 36 months, with conditions such as daylight travel only, speed or distance limits and warning signs. The indication asks whether your tractor is unregistered, conditionally registered or fully registered, and all three can be covered.
Used part of the year
South Australia offers seasonal registration for vehicles used part of the year, such as a farm truck at harvest, renewable for 3, 6 or 9 months for heavy vehicles. A fixed multi-year premium is set on day one and isn’t re-rated, through busy and quiet months alike.
Business use, not hobby farms
Cover is for tractors used wholly or predominantly in a business with an ABN. Tractors used mainly for private purposes aren’t covered.
One premium through good seasons and bad
The premium is set on day one and isn’t affected by claims, inflation or market movements for the term you choose.
What’s covered
What the policy covers, and what it doesn’t
| Sudden and unforeseen damage | Yes |
|---|---|
| Theft | Yes, with conditions for equipment left in the open and machines on hire |
| Total loss | Settled at that year’s insured value |
| Finance payout after a total loss | Up to an extra 30% of that year’s insured value |
| Attachments | Yes, when they’re listed on your schedule |
| Extra costs while it’s off the job | Yes, such as hiring a substitute machine, within the schedule limit. Lost revenue isn’t covered |
| Recovery costs | Yes, within the schedule limit |
| Dry hire | Yes, with a written hire agreement |
| Third party property damage | Registered machines, where your schedule shows it |
| Public liability and injury | No. That’s a separate policy |
| Machinery breakdown | No, except mechanical damage caused directly by covered damage |
| Wear and tear | No |
| Private use | No |
A summary only. The policy wording decides what’s covered, and limits are on your schedule.
By the numbers
The numbers behind it.
Agriculture, forestry and fishing businesses at 30 June 2026, down 0.5%. It was the only industry to shrink in 2025-26.
Source 1Rise in insurance prices paid by Australian households in the five years to June 2026, about double the 24.1% rise in all prices.
Source 7New plant and equipment finance written for small businesses in 2025-26, about 35% of their new fixed-term borrowing. ABS counts a loan as small business when the lender’s exposure is under $1 million.
Source 8What can be covered
Tractors on the approved list.
New or used, up to 40 years old, used wholly or predominantly for business. One item or several on one policy, up to $2 million per policy.
Approved items
- Tractors
- Agricultural attachments
- Slashers
- Spreaders
When this isn’t the right fit
- Equipment used mainly for private or household purposes. Cover is for business use only.
- Equipment you already own that was bought more than 60 months ago (it can be covered, but not on a multi-year policy).
- Equipment more than 40 years old (it can be covered, but not on a multi-year policy).
- Items that are not on the approved item list, or worth more than $2 million on one policy (they can be covered, but not on a multi-year policy).
Not sure? Call us on 0457 932 988 or email info@equipcover.au, and we’ll tell you where you stand.
FAQs
Common questions.
Can’t see yours? Every question we answer is on one page, or call us on 0457 932 988.
How much does tractor insurance cost?
It depends on your state, the tractor, its value, the term and its registration. As a guide, the four real five-year premiums we publish, on two excavators, a truck trailer and a telehandler, range from 3.1% to 7.9% of the insured value over five years, about 0.6% to 1.6% a year. Get an indication in about 90 seconds to see yours.
Can I insure a conditionally registered tractor?
Yes. Unregistered, conditionally registered and fully registered tractors can all be covered.
Can I insure an older tractor?
Yes. Tractors up to 40 years old can be covered, new or used.
Is a tractor on a hobby farm covered?
No. Cover is for tractors used wholly or predominantly in a business, so you need an ABN.
Sources
- Australian Bureau of Statistics: Counts of Australian Businesses, June 2022 to June 2026 (released 18 August 2026)
- Transport for NSW: Tractor conditional registration sheet (September 2025)
- VicRoads: Register non-compliant vehicles
- Queensland Government: Conditional registration for agricultural vehicles
- SA Government: Special purpose vehicle registration (updated 7 May 2026)
- SA Government: Seasonal registration (updated 30 January 2024)
- Australian Bureau of Statistics: Consumer Price Index, insurance (quarterly series to June 2026; monthly release September 2026, published 28 October 2026)
- Australian Bureau of Statistics: Lending Indicators, June quarter 2026
- Product information and approved item list from our specialist insurance partner (August 2026)
Updated 6 October 2026. Reviewed by James Rock (National Partnerships Director). General information only, not personal advice. Read the policy wording before you buy.
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% |
