In this study yield fluctuations in pistachio in Iran were investigated. Also, the possibility of using crop insurance for reducing the adverse effect of this variability was examined. The results show that, yield fluctuations in pistachio harvest are high and unpredictable. Thus, using suitable tools and policies for reducing the adverse effects are necessary. As systematic risk in pistachio yield is low, crop insurance can be a good tool in this regard. In this connection, trigger yield, expected loss, insurance premium and premium rate were assessed. At last, it should be mentioned that, although the feasibility of using insurance in the case of pistachio was proved in this study, the final acceptance of this tool by farmers needs more through investigations.