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Fuel Tanker Truck Insurance

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Fuel truck insurance

Fuel tanker truck commercial insurance NZ

Fuel tanker truck insurance is a specific type of insurance policy tailored for vehicles that transport liquid fuels. It not only covers the usual risks associated with regular truck insurance (like accidents or theft), but it also covers the unique risks linked with carrying and transporting a volatile substance like fuel.

Why is fuel tanker truck insurance important? 

Transporting fuel isn’t like moving ordinary goods. Fuel is inflammable, making it a high-risk cargo. If an accident occurs, the damages can be catastrophic, not just for the vehicle, but also for the environment and nearby property. Insurance ensures that if something goes wrong, the financial repercussions can be managed, ensuring peace of mind for business owners and operators.

In New Zealand, the average cost of fuel tanker truck insurance typically ranges between $250 – $500 per month. 

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

  • Transports liquid fuel regularly
  • Operates in populated areas
  • Travels long-distance routes
  • Faces varying terrain or weather

What covers are typically included in fuel tanker truck insurance? 

Truck Insurance

Protects fuel tanker 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 tanker vehicle 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 fuel 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 fuel 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 fuel 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 fuel 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 fuel tanker trucks insurance cost?

Fuel trucks insurance premiums are calculated on several different factors including:

  • Types of cover
  • Turnover
  • Location 
  • Claims History 

Fuel tanker truck insurance in NZ typically costs between $250 to $500 per month

Who needs fuel tanker insurance?

Any business or individual operating a fuel tanker truck in NZ needs this insurance. It includes:

  • Fuel distribution companies
  • Independent fuel transporters
  • Businesses with their fleet transporting their fuel

Yes, you can. However, the premiums might be higher due to the increased risk. It’s essential to discuss the driver’s history with your broker to understand the possible rates.

Typically, comprehensive fuel tanker truck insurance will cover clean-up and damages resulting from a spill or leak, but specifics can vary between policies. Always check the exact terms of your policy.

How do I get proof of fuel tanker truck insurance

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

Acquiring a fuel tanker 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 purchase, 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 fuel truck insurance not cover?

Driver without a valid license

If the driver at the time of the incident lacks a proper license, the claim might be rejected.

Normal wear and tear

Regular depreciation of the truck over time is not covered.

Unreported modifications

Any changes to the truck not reported can lead to a voided policy.

Other common questions about fuel tanker truck insurance

Generally, yes. You can adjust your policy as your needs change, though modifications might affect your premium. Always discuss changes with your broker.

Many insurers offer fleet insurance which can cover multiple trucks under one policy, often at a reduced rate per vehicle.

Premiums are based on factors like the truck’s age, driver’s history, type of fuel transported, coverage limits, and more. It’s a balance of risk assessment and policy specifics.

Some policies offer downtime coverage, compensating you for income lost when your truck is unusable. Always confirm this with your policy terms.

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