Understanding Transporter Plates: Insurance Options for Your Business
Navigate the Complexities of Transporter Plates & Secure Your Coverage
Transportation companies that move vehicles use special plates to transport them legally without registration. These plates cover particular scenarios, so companies that operate with transporter plates may need specialized insurance solutions. The right solution can cover your business needs, from the plates to your entire auto transport business.
What Are Transporter Plates?
A transporter license plate is a commercial license plate for the transportation industry. These plates allow transporters to move unregistered vehicles and can move between vehicles. Transporter plates work for various vehicle types, including cars and trucks.
For example, School District A in Colorado wants to order six school buses for their district. The model of the bus they want is manufactured by Best Bus in Pennsylvania. Transporting buses is a difficult endeavor, so an outside transport company would be enlisted to drive the six buses from Pennsylvania to Colorado under transport plates.
Transporter Plates vs. Dealer Plates
Transporter plates or tags allow people to drive vehicles before they are registered for use. With a transporter plate, a vehicle can operate on public roads for transportation purposes, such as moving between a manufacturer and a dealership.
Dealer plates or tags are used by vehicle dealers for test drives and demonstrations. They restrict how many vehicles can run simultaneously and personal transportation uses. Due to their different uses, insurance coverage varies significantly between the two plate types.
The tags are often different colors and typically have their use stamped on them, such as “dealer” or “transporter.”
How to Get a Transporter Tag
Each state has varying requirements for getting transporter tags. Look on your state’s Department of Motor Vehicles (DMV) website for license plate information. The general process is:
- Verify your eligibility: Your business must be an auto transport or licensed vehicle transporter.
- Gather documentation: The application process will include showing documents like proof of insurance and business registration.
- Complete application: In most cases, you can complete an application online through your state website.
- Pay fees: Your fees may include initial registration and annual renewal, depending on the state.
- Receive tags: After processing and approval, you receive the tags by mail or pickup at a local office.
What Type of Coverage Is Available?
XINSURANCE offers solutions to transporter plates insurance and garage liability coverage in every state (except NY, CT, HI, and MA) with unlimited mileage available and trailer interchange coverage with Over the Road Physical Damage. XINSURANCE also offers solutions for any type of vehicle: from buses to semis, from dealership to personal vehicles.
This wide range of solutions means that our underwriters have the ability to examine your risk and help you pick what packages may best represent your operation — whether you just need the auto liability to cover the plates, or if you would like to have your whole operation insured under a garage solution which can provide protection from accidents that might happen along the journey.
Why Do Transporter Plates Need Coverage?
Today, nothing is more valuable than time, convenience, and peace of mind. These values are especially true for consumers, which is why the transportation industry is so important. Accordingly, the insurance for the companies that use transporter plates is just as significant.
The strict regulations for transporter plates mean higher liability for businesses that use them. Companies need sufficient coverage solutions to help protect their operations.
Transport plates are a difficult risk to place. Many times, companies find that other insurers leave dangerous gaps in coverage or simply refuse to cover the risk at all due to the potential for hefty legal expenses.
Transporter plates are a very versatile risk — you need versatile insurance!
Beyond the particular risks of transporter plates, any vehicle on the road faces dangers. Motor vehicle crashes are a leading cause of death across the United States, with over 100 people dying every day. These crashes cost $430 billion each year, including expenses such as bodily injury and property damage. Insurance solutions can help protect your transportation business in the event of an accident.
Get a Customized Quote for Your Transporter Plate Insurance Today!
XINSURANCE is your solution for these risks. Our underwriting team brings you over 40 years of experience, along with the ability to connect you with a plan that can protect your business. Even if you’ve been denied coverage, filed for bankruptcy, or are new to this industry, XINSURANCE can help.
XINSURANCE is the partner that can prepare your transportation business for anything the future might throw at you. Get a quote for transporter plate insurance solutions and gain true peace of mind!
Authored by Rick J. Lindsey, President, Chairman, and CEO of XINSURANCE
Rick J. Lindsey hails from Salt Lake City, Utah. He began working in the mailroom of his father’s Salt Lake City insurance firm, getting his introduction to the business that became his lifelong career. Rick J. Lindsey quickly rose through the ranks while working in nearly every imaginable insurance industry job. As an entrepreneur, specialty lines underwriter, claims specialist, risk manager, and a licensed surplus lines broker, Rick J. Lindsey is highly skilled in all levels of leadership and execution. As he progressed on his career path, Rick J. Lindsey discovered an urgent need for insurers willing to write policies for high-risk individuals and businesses. He was frequently frustrated that he could not provide the liability protection these entities desperately needed to safeguard their assets. He also formed the belief that insurance companies acted too quickly to settle frivolous claims. Rick J. Lindsey decided to try a different approach. He started an insurance company and became the newly formed entity’s CEO. This opportunity has enabled Rick J. Lindsey to fill a void in the market and provide a valuable service to businesses, individuals, and insurance agents who write high-risk business. XINSURANCE also specializes in helping individuals and businesses who live a lifestyle or participate in activities that make them difficult for traditional carriers to insure. If you’ve been denied, non-renewed, or canceled coverage, don’t give up quite yet. Chances are XINSURANCE can help.
Last updated on 07/13/2022