How much does a motor carrier compliance bond cost in Florida?
Florida’s Department of Transportation requires motor carriers to post surety bonds in varying amounts prior to conducting business. Applicants should verify their required bond amount with the Office of Motor Carrier Compliance prior to bonding.
Because the required amount and price of these bonds can vary so much, our experts recommend contacting us so that we can walk you through our fast and easy bonding process. Request your free bond quote now!
|Bond Type||Bond Amount||Cost by Credit Score*|
|680 and up||679 - 600||599 or lower|
|Motor Carrier Compliance Bond||Varies||Starts at 1%||4-8%||10%+||Apply Now|
Begin the bonding process by calling 1 (800) 308-4358 or submitting a bond request. Our experts can typically provide free, no-obligation bond quotes within one business day of submitting your application.
Why do I need this bond?
Florida motor carrier compliance surety bonds are put in place to ensure that principals (motor carriers) pay all civil penalties and fees incurred by the operation of commercial motor vehicles as prescribed by Rule Chapter 14-87 of the Florida Administrative Code and Section 316.545 of the Florida Statutes. If the principal fails to fulfill these terms, the bond protects the state from financial loss up to the full bond amount.
What’s the fine print?
Motor carrier compliance bonds in Florida run continuously and remain in full force and effect unless canceled. The surety can cancel the bond by giving written notice of cancellation to the Florida Department of Transportation at least 30 days prior to the effective cancellation date.
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