Best Truck Insurance 2026

If you operate a truck in Brisbane or across Queensland, having the right truck insurance is not just smart, it’s essential. The right truck insurance cover will protect your vehicle, your income, and your business.

At Morgan Insurance Brokers, we specialise in helping Brisbane truck owners find the best truck insurance that truck owners can afford, that actually covers them when it’s needed and gives them peace of mind that their business is properly insured.

What Is Truck Insurance?

Truck insurance is a specialised form of commercial motor insurance designed for heavy vehicles, including rigid trucks, prime movers, and trailers. The policies are custom designed to suit the exact needs of the business that owns the trucks.

Why Brisbane Truck Owners Need Specialist Insurance

Brisbane is a major freight and logistics hub, with high traffic volumes, construction zones, and long-haul routes into regional Queensland. These conditions increase risk exposure, making specialist truck insurance in Brisbane critical.

Key risks include:

• Heavy traffic accidents
• Weather-related damage (storms, flooding)
• Theft and vandalism
• Cargo loss or damage
• Downtime and loss of income

Types of Truck Insurance Available

1. Comprehensive Truck Insurance

Covers accidental damage, theft, fire, and third‑party property damage. Ideal for newer or high‑value trucks.

2. Third Party Property Damage

Covers damage your truck causes to other vehicles or property, but not your own truck.

3. Third Party Fire and Theft

Adds protection for fire and theft on top of third‑party cover.

4. Goods in Transit Insurance

Protects the cargo you carry against loss or damage.

5. Public Liability Insurance

Public Liability Insurance for Truck Drivers is Essential for owner‑drivers and transport businesses dealing with clients, depots, or worksites.

How Much Does Truck Insurance Cost in Brisbane?

Truck insurance costs can vary significantly from one business to another. There’s no single price that fits everyone, because premiums depend on a range of factors. While there are ways to reduce your premium, it’s important to remember that cheaper insurance can sometimes mean higher out of pocket costs if you need to make a claim.

One major factor that affects pricing is your operating radius. For example, if your truck operates within a 0–200km radius of your base, your premium will usually be lower than if you’re insured for Australia-wide travel. The reason is simple because the further and longer a truck is on the road, the greater the exposure to risk. Longer trips increase the likelihood of accidents and fatigue-related incidents. In fact, fatigue is a known contributor to heavy vehicle crashes in Australia, with the
Bureau of Infrastructure and Transport Research Economics (BITRE) reporting that heavy vehicles are involved in around 15–20% of road fatalities each year despite making up a much smaller percentage of registered vehicles.

Like most types of insurance, you can also adjust your excess to reduce your premium. Increasing your excess generally lowers the upfront cost of your policy. However, with larger trucks, excesses can already be substantial, sometimes around 1% of the insured vehicle value. Working with a truck insurance broker can give you access to alternative excess structures and policy options that suit your risk appetite and cash flow.

The type of freight you carry also plays a big role in determining your premium. Transport businesses handling dangerous goods will naturally face higher insurance costs due to the increased risk exposure. The same applies to transit and cargo insurance. For example, furniture removalists often pay higher cargo premiums because of the higher likelihood of accidental damage during loading, unloading, and transport.

Working with a Brisbane truck insurance broker can help you secure competitive pricing while maintaining the right level of cover for your business.

Truck insurance premiums vary depending on the vehicle, radius, and freight type, if you want a detailed breakdown, see our guide on how much truck insurance costs in Australia.

Why Use a Truck Insurance Broker?

You hire an accountant because they can do your taxes properly and protect your business. You use a mechanic to service your truck because they know what to look for under the bonnet.

In the same way, working with a specialist truck insurance broker means you’re getting advice from someone who understands the risks in the transport industry.

We have access to a large panel of truck insurers that cater for a range of different trucking operations.

The major benefit is that Morgan Insurance Brokers will handle all of your claim, from the moments at the accident scene, through to lodgement with the insurer, all the way until the repairs are finalised.

Want more information on Why Use an Insurance Broker? Read our guide.

Common Mistakes When Buying Truck Insurance

Truck insurance can feel overwhelming, especially if you’re not familiar with insurance terms or don’t have the time to read through long policy documents. With so many options available online, it’s easy to overlook important details. Speaking with a specialist truck insurance broker can help you avoid unnecessary headaches and reduce the risk of financial stress if you ever need to make a claim.

One of the most common mistakes we see is underinsuring the value of the truck to save on premium. While it might seem like a smart way to cut costs upfront, it can cause serious problems if the truck is written off. If the insured value isn’t enough to replace the vehicle, you could be left out of pocket and struggling to get back on the road.

Another key issue is failing to properly insure modifications and accessories. For smaller trucks, this might include refrigerated units, tray bodies, toolboxes or bull bars. For larger operations, it could mean not listing non-owned trailers that are in your control. Leaving these items off the policy might slightly reduce your premium, but it can lead to a significant financial loss if they’re damaged in an accident.

At the end of the day, truck insurance isn’t just about finding the cheapest option, it’s about making sure your business is properly protected when it matters most.

Get the Best Truck Insurance in Brisbane

Whether you operate a single truck or manage a large fleet, Morgan Insurance Brokers can help you find reliable, affordable truck insurance in Brisbane.

Speak to a truck insurance broker today for a tailored quote and expert advice.