How much does an IFTA bond cost in Arizona?
The cost of your IFTA bond will vary depending the bond amount required by Arizona Department of Transportation (ADOT). Bonds in an amount less than or equal to $10,000 can be purchased instantly online for $100 when you work with SuretyBonds.com. Bond amounts greater than $10,000 are subject to a review of your financial history to determine a price.
The surety bond amount is determined by the director of the Department of Transportation, but must not exceed $100,000. Contact ADOT to determine if you need a bond and in what amount before requesting a quote.
Have questions? The experts at SuretyBonds.com can help you get the bond you need. Call 1 (800) 408-4358! You can also apply for a free, personalized bond quote online!
Why do I need this bond?
Arizona requires IFTA carriers to be licensed and some to be bonded before conducting business in the state. Once an IFTA carrier is licensed, that license is valid in the contiguous United States and 10 Canadian provinces.
IFTA bonds ensure that interstate motor carriers licensed in Arizona pay the required use fuel taxes and comply with Chapter 16, Article 2 of the Arizona Revised Statutes, Title 28. IFTA carriers must submit a report to ADOT quarterly, detailing use fuel used and other information the ADOT director requires.
What’s the fine print?
IFTA bonds are in effect for one year unless claimed against or cancelled. However, the surety must give 60-days’ written notice to the principal and obligee before cancelling the bond.
How to become an interstate motor carrier
In addition to posting a surety bond in the correct amount, an applicant must submit the following:
- $10 filing fee
- IFTA/IRP Application
- Record Keeping Agreement
- Lease Agreement Certificate (if applicable)
- Power of Attorney: Motor Carrier (if applicable)
- USDOT number (Apply to Federal Motor Carrier Safety Administration)
- Evidence of your established place of business in Arizona or proof of residency in Arizona
Ready to get started?