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Agricultural equipment and farm machinery insurance
Tractors and working farm equipment, including older machines up to 40 years old.
- Tractors
- Sprayers
- Seeders
- Slashers
Agricultural equipment insurance through EquipCover covers working farm machinery, from tractors to seeders, sprayers and spreaders, including older machines up to 40 years old. The premium is fixed for up to five years and is not affected by claims, inflation or market movements.
Insurance indication
Agriculture equipment, 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
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
Agriculture in Australia.
Agriculture, forestry and fishing businesses at 30 June 2026, down 0.5%. It was the only industry to shrink in 2025-26.
Source 1New 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 7What can be covered
Agriculture equipment 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
- Feed mixers and wagons
- Ploughs and rakes
- Seeders and sprayers
- Slashers
- Spreaders
- Agricultural attachments
- Mowers
- Generators
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.
Can I insure an older tractor?
Yes. Machines up to 40 years old can be covered. Older equipment is often harder to insure on an annual policy.
Does conditionally registered equipment qualify?
Yes. Conditional registration is for non-standard machines such as tractors that need limited road access. The indication asks whether the item is unregistered, conditionally registered or fully registered, and all three can be covered.
What are the conditional registration rules in NSW and Victoria?
In NSW, a conditionally registered tractor can be used for farming and farming contracting, roadside mowing, roadworks and earthworks. It can’t run on a freeway or motorway, the driver needs a car licence, and it’s speed-limited to 45 km/h or the manufacturer’s limit, whichever is lower, unless it was built without hydraulic steering. In Victoria, the operator must belong to an approved operator group, and VicRoads can set conditions such as restricted speed, hours of use or routes. In South Australia, special purpose vehicles can be registered for up to 36 months, with conditions such as daylight travel only or distance limits.
Is cover available for a hobby farm?
Cover is for equipment used wholly or predominantly in a business, so it needs an ABN. Equipment used mainly for private purposes is not covered.
Sources
- Australian Bureau of Statistics: Counts of Australian Businesses, June 2022 to June 2026 (released 18 August 2026)
- Queensland Government: Conditional registration for agricultural vehicles
- Transport for NSW: Tractor conditional registration sheet (September 2025)
- VicRoads: Register non-compliant vehicles
- SA Government: Special purpose vehicle registration (updated 7 May 2026)
- Department of Agriculture, Fisheries and Forestry: Managing farm risk
- Australian Bureau of Statistics: Lending Indicators, June quarter 2026
- business.gov.au: Types of business insurance
- Product information and approved item list from our specialist insurance partner (August 2026)
Updated 14 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% |
