Life Insurance for Truck Drivers
Compare life insurance policies which may be suited to your needs as a truck driver through Savvy.
Fact checked
We’ve partnered with Compare Club to bring you a range of life insurance policies to help you compare them side by side.
As a truck driver, you’re aware of the risks associated with your job. While you may take every precaution to stay safe, accidents can still happen on the road. That's why having a life insurance policy can bring you greater peace of mind knowing that your family can be taken care of financially if you suffer a covered injury, illness or pass away.
It's easy to compare life insurance policies through Savvy. You’ll be able to consider a range of offers from some of Australia's leading insurers side-by-side, helping you find the most suitable coverage from our panel of insurers. So why wait? Start the process today by filling out our online form and get a quote for a life insurance policy through us today.
Can I buy life insurance as a truck driver?
You may be able to purchase a life insurance policy as a truck driver. However, in many cases, truck drivers are considered a higher risk for life insurance, which may mean you aren’t guaranteed of receiving cover. This won’t be the case across the board, with other insurers potentially able to cover you at a greater cost. This is due to a variety of risks, including:
- Accidents: truck drivers spend long hours on the road, increasing their risk of being involved in an accident which can cause serious injuries or even death.
- Fatigue: long hours on the road can lead to fatigue, increasing the risk of accidents. Fatigue can also lead to other health problems, such as high blood pressure, diabetes and heart disease.
- Health issues: truck drivers may experience health problems due to a sedentary lifestyle, irregular eating habits and lack of exercise. Health issues such as obesity, sleep apnoea and back pain can impact your quality of life and ability to work.
- Stress: truck drivers may experience stress due to long hours on the road, tight schedules and pressure to deliver goods on time. Stress can lead to mental health issues such as anxiety and depression.
- Exposure to hazardous materials: some drivers transport hazardous materials such as chemicals, which can be dangerous if not handled properly.
The types of life insurance you may be able to purchase as a truck driver include:
- Life cover: can provide a lump sum payment to your beneficiaries in the event of your death or diagnosis of a terminal illness.
- Income protection: can provide a monthly benefit to cover a portion of your income if you’re unable to work for a certain period due to an injury or illness.
- Total and permanent disability (TPD) cover: can pay a lump sum if you suffer an illness or injury that leaves you permanently unable to work in your current occupation or any occupation that you’re suited to based on your education, training or experience.
- Trauma insurance: can pay a lump sum if you’re diagnosed with a critical illness or suffer a major injury.
All coverage is subject to the terms and conditions of your life insurance policy, so it’s important to read the fine print to help you determine which is the most suitable for your needs as a truck driver.
How much will my life insurance cost if I’m a truck driver?
The cost of life insurance for truck drivers can vary depending on several factors, including:
- Age: the older you are, the more expensive your premiums are likely to be.
- Health: any pre-existing medical conditions or even a family history of illness can increase your premiums.
- Occupation: truck driving is often considered a high-risk occupation, as mentioned, which means you may have to pay higher premiums than someone in a lower-risk occupation.
- Smoking: being a smoker can double the cost of your premiums in some cases. This can include other smoking products such as vapes, cigars, tobacco and nicotine patches.
- Coverage amount: the greater the coverage amount you choose, the more you can expect to pay in premiums.
- Type of policy: life cover policies tend to be more expensive than trauma cover, for instance.
Generally, life insurance premiums for truck drivers are likely to be higher than for someone in a lower-risk occupation. However, the cost per month will vary depending on your individual circumstances and the insurer you choose. To help find the most affordable policy, it’s important to compare quotes from different insurers and consider a range of factors, such as those listed above. You can compare policies through Savvy today to aid you in your search for the right coverage for your needs at a price which suits your budget.
Types of life insurance
Why compare life insurance through Savvy?
100% free service
You can compare life insurance policies through us for free, allowing you to come back and continue comparing at any time.
Trusted insurers
By considering life insurance policies from insurers you can trust, you can be confident in the quality of the comparison process.
Compare policies online
By filling out a simple online quote form, you can compare offers based on their coverage, cost and more before you buy.
Helpful life insurance guides
Life insurance by your condition & profile
Compare life insurance options aligned to your medical condition and profile and receive no-obligation quotes from some of Australia's leading insurers.
Disclaimer:
Savvy is partnered with Compare Club Australia Pty Ltd (AFS representative number 001279036) of Alternative Media Pty Ltd (AFS License number 486326) to provide readers with a variety of life insurance policies to compare. Savvy earns a commission from Compare Club each time a customer buys a life insurance policy via our website. We don’t arrange for products to be purchased from these brands directly, as all purchases are conducted via Compare Club.
Savvy does not compare all life insurance policies or providers currently operating in the market. Any advice presented above or on other pages is general in nature and doesn’t consider your personal or business objectives, needs or finances. It’s always important to consider whether advice is suitable for you before purchasing an insurance policy.
For any further information on the variety of insurers compared by Compare Club or how their business works, you can read their Financial Services Guide.