How much does a hauling performance bond cost in Maryland?
The Maryland State Highway Administration requires individuals with permits to haul oversize and/or overweight equipment to post surety bonds in varying amounts as a licensing requirement. Applicants should verify their required amount of bond coverage prior to bonding.
Maryland hauling performance bonds require underwriting, which includes a credit check review. Worried about poor credit? There’s no need to with the bad credit bonding program employed by SuretyBonds.com! Because the required amount and, therefore, the price of these bonds varies, our experts recommend submitting an online bond request to find out exactly how much you’ll pay for your Maryland surety bond.
|Bond Type||Bond Amount||Cost by Credit Score*|
|680 and up||679 - 600||599 or lower|
|Hauling Performance Bond||Varies||Starts at 1%||4-8%||10%+||Apply Now|
We can typically provide your free bond quote within 1 business day of submitting you application! Call 1 (800) 308-4358 or click here to get started.
Why do I need this bond?
Maryland hauling performance bonds ensure that principals (individuals who hold permits to haul oversize/overweight equipment) comply with the terms and conditions of the permit and fully meet and perform all obligations in a manner that’s satisfactory to the Maryland State Highway Administration.
This bond protects the State of Maryland and the State Highway Administration from any expense incurred by the failure of the principal to comply with these terms or as a result of the negligence of the principal or his/her/their agents or employees.
Have any questions about this bond, or ready to purchase your Maryland surety bond quickly and easily? Request your free bond quote now!
What’s the fine print?
Hauling performance bonds in Maryland remain in full force and virtue as long as the principal remains in compliance with the terms of the bond agreement. The Hauling Permits Unit of Maryland State Highway’s Motor Carrier Division requires that a performance bond be kept on file for a minimum of 90 days from the date of the oversize/overweight move unless otherwise specified by the division.
How to get a special hauling permit in Maryland
To apply for a special hauling permit in Maryland, applicants must provide the following information on the state-issued application form:
- load description
- tractor/trailer make, license, state, axles and weight
- routing starting point
- routing destination
- applicant’s name, address and account number
A license form can be downloaded from the Additional Resources section of this page.
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