How Oilfield Trucking Companies Can Lower Insurance Premiums
- Nate Jones, CPCU, ARM, CLCS, AU
- 4 days ago
- 2 min read
Oilfield trucking, whether hauling crude, production equipment, saltwater, or chemicals, comes with higher insurance costs due to its dangerous operating conditions. Many owners look for better Oil & Gas Trucking Insurance options to keep expenses manageable without compromising safety or compliance.
The good news is: you can reduce premiums without increasing operational risk.
Here are practical, straightforward strategies every oilfield trucking company can use.
1. Improve Driver Hiring & Training Practices
Insurance companies heavily weigh driver quality when calculating premiums. High‑risk drivers, poor hiring standards, or limited training programs drive rates up.
How to save:
Run MVR checks before hiring
Require experience with tankers, vacuum trucks, or oilfield driving
Provide ongoing training for road hazards, night driving, and lease‑road safety
Safety‑focused fleets often earn better pricing over time.
2. Maintain Strong Vehicle & Equipment Inspections
Breakdowns, hose failures, tire blowouts, and equipment leaks can lead to costly claims. Insurers reward fleets that maintain their trucks proactively.
Simple improvements:
Keep daily pre‑trip/post‑trip inspection logs
Replace hoses and valves before they fail
Maintain brakes and tires on a strict schedule
Document every repair, underwriters love clean maintenance history
A well‑maintained fleet signals lower risk.
3. Reduce Spill & Environmental Exposure
For crude, chemical, and saltwater haulers, environmental spills are expensive. Even minor releases trigger cleanup costs and claims.
Ways to reduce exposure:
Train drivers on proper loading/unloading
Inspect vacuum tanks and seals frequently
Implement written spill‑response procedures
Less spill risk = lower insurance pressure.
4. Use Telematics & Dash Cameras
Telematics is one of the easiest ways to reduce liability and defend against false claims. Many insurers offer discounts for:
GPS tracking
Speed monitoring
Hard‑braking alerts
360° or front‑facing dash cams
A safer driving profile can lower premiums long‑term.
5. Work With an Insurance Agency That Specialises in Oilfield Risks
Most insurance brokers don’t understand oilfield trucking, MSAs, tankers, pollution exposure, SWD hauling, and operator requirements all add complexity. A specialist can structure policies correctly and negotiate better rates.
Lower Your Premiums With Wexford Insurance
Wexford Insurance works with trucking companies across the oil & gas industry, helping them secure Commercial Auto, General Liability, Workers’ Comp, Pollution Liability, and Umbrella coverage at competitive rates.
👉 Request your oilfield trucking insurance quote from Wexford Insurance today and start lowering premiums without increasing risk.
