Simplifying IRP Increases Insurance Costs
Many truckers are now plating 100% of their power units as IRP.
This makes perfect sense and saves administration costs, since there is no need to do separate fuel tax reports.
You need to understand that having all your vehicles plated to go anywhere in North America may increase your insurance costs however.
Vehicles that would otherwise only have a home Province plate, such as shunts, local delivery or within your own Province, need to be shown as an exception when you explain your fleet to your insurance broker or insurance company.
Many truckers are now plating 100% of their power units as IRP.
This makes perfect sense and saves administration costs, since there is no need to do separate fuel tax reports.
You need to understand that having all your vehicles plated to go anywhere in North America may increase your insurance costs however.
Vehicles that would otherwise only have a home Province plate, such as shunts, local delivery or within your own Province, need to be shown as an exception when you explain your fleet to your insurance broker or insurance company.