Book an appointment here

Semi-Truck Insurance

Get the right cover from top insurance companies

Or speak to a broker 0800 374 691


Semi-truck insurance

Semi-truck commercial insurance NZ

Semi-truck insurance is a type of coverage designed specifically for large trucks, also known as semi-trucks or tractor-trailers. It protects truck owners and operators from financial losses that may arise due to accidents, theft, or other unforeseen circumstances. This insurance doesn't just cover the vehicle itself but may also provide coverage for the cargo, driver, and third parties involved in an accident.

Why is semi-truck insurance important? 

Semi-truck insurance plays a pivotal role in the smooth operation and protection of your business. Imagine being confronted with the unexpected repair costs after an accident; these costs can be overwhelming, especially for independent truck owners. Beyond damage to the vehicle, there’s the looming threat of legal costs and cargo damage.  Without insurance, a single mishap can lead to significant losses, potentially disrupting business operations or, in some cases, ending them altogether.

In New Zealand, the average cost of semi-truck insurance typically ranges between $200 – $400 per month. 

It’s crucial to have semi-truck coverage if your business:

  • Transports valuable cargo
  • Operates on long routes
  • Has multiple vehicles
  • Employs several drivers

What covers are typically included in semi-truck insurance? 

Truck Insurance

Protects semi-trucks. It covers accidents, damages, and injuries related to the vehicle while it’s being used for business activities.

Best For
  • Repair costs
  • Third party damages
  • Injuries 

Loss of use

Coverage that helps when your semi-truck is unusable due to an accident. It covers the cost of a temporary replacement vehicle, so you can still get operate your business whilst it is being repaired.


Best For
  • Temporary vehicle
  • Reimbursement expenses
  • Accident downtime

Public Liability

This policy covers common semi-trucking business risks including bodily injuries, customer property damage, and advertising injuries. 

Best For
  • Business Accident Coverage
  • Third-party Damages
  • Legal Cost Protection

Carriers Liability Insurance

Carrier’s liability insurance in New Zealand covers semi-truck operators for their liability when goods they’re transporting for customers are lost, damaged, or delayed. 

Best For
  • Goods damage
  • Transit loss 
  • Theft

Management Liability

Management liability insurance in NZ shields semi-trucking company leaders from legal and financial risks due to their managerial responsibilities.

Best For
  • Directors liability 
  • Employment disputes
  • Legal defence

Statutory Liability

This cover is a type of protection that helps semi-trucking businesses cover costs if they accidentally break certain laws or regulations.

Best For
  • Unintentional breaches protection
  • Legal costs
  • Fines and penalties

How much does semi-trucks insurance cost?

Semi-trucks insurance premiums are calculated on several different factors including:

  • Types of cover
  • Turnover
  • Location 
  • Claims History 

Semi-truck insurance in NZ typically costs between $200 to $400 per month

Who needs semi-truck insurance?

Any individual or business that owns or operates a semi-truck in New Zealand needs semi-truck insurance. This includes:

  • Independent owner-operators
  • Trucking companies
  • Freight companies
  • Any business using semi-trucks for transportation

Absolutely! Insurance policies are not one-size-fits-all. You can tailor your insurance to fit the specific needs of your operations, ensuring you’re neither under-insured nor overpaying.

The cost is determined by several factors including the type and age of your truck, the cargo you transport, your driving history, and the areas/routes you operate within.

How do I get proof of semi-truck insurance

You can usually get proof of semi-truck insurance same day when you purchase insurance through Gerrards.

Acquiring a semi-truck insurance certificate from traditional insurance brokers may require a few weeks, a delay that could create problems for policyholders who need instant insurance proof for an imminent contract or lease.

To obtain insurance coverage promptly, contact one of our trucking insurance brokers. We may require you to provide some fundamental details about your business, such as:

  • The name of your business
  • The total number of employees
  • Predicted annual income
  • Years of experience in the industry

What does semi-truck insurance not cover?

Normal Wear and Tear

Routine degradation over time, like rust or worn-out tires, isn’t covered.

Unauthorized Drivers

If someone drives the truck without proper authorization and an accident occurs, the coverage may not apply.

Unreported Modifications

Any modifications made to the truck that weren’t reported to the insurer can result in a voided policy.

Other common questions about semi-truck insurance

Most policies allow for a transfer of coverage when switching vehicles. However, you’ll need to inform your insurance broker or provider and might need to adjust your premium based on the new truck’s specifications.

A deductible is an amount you pay out of pocket for repairs or damages before your insurance coverage kicks in. If you choose a higher deductible, your premium might be lower, and vice versa.

Many insurance providers offer discounts for businesses insuring multiple vehicles. It’s advisable to inquire about such discounts when obtaining a quote. A broker like Gerrards will automatically do this for you and get you onto fleet rates.

Acts of nature, such as earthquakes, floods, or storms, are typically covered by your policy in NZ. It’s essential to review the specifics with your provider to ensure you’re adequately protected.

What our clients are saying: