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Massachusetts Driver Training School Bond

How much does a driver training school bond cost in Massachusetts?

The Commonwealth of Massachusetts’ Registry of Motor Vehicles requires driver training schools to post a performance surety bond in the amount of $10,000 for 1 location, $25,000 for 2 or 3 locations or $50,000 for more than 3 locations.

These bonds are subject to underwriting, and the price you’ll pay depends on a review of your personal credit report. With strong financial credentials, applicants could pay as low as 1% of the required bond amount! Don’t worry if you have less-than-stellar credit! SuretyBonds.com has a history of helping applicants from a variety of financial backgrounds get bonded quickly, easily and accurately.

Bond Type Bond Amount Cost*
$10,000 Driver Training School Bond 1 Location $10,000 Starts at $100 Apply Now
$25,000 Driver Training School Bond 2-3 Locations $25,000 Starts at $250 Apply Now
$50,000 Driver Training School Bond 4+ Locations $50,000 Starts at $500 Apply Now
*The bond premium rate quotes provided to you through this website are for pricing comparisons and quotation estimate purposes only. The bond rate quotes provided are based on general assumptions that may or may not be applicable to you and are subject to change at any time. These rate quotes do not constitute an offer of insurance, nor is any contract, agreement, or bond coverage implied, formed or bound by the provision of rate quotes. Bondability, final bond premium rate quotes and an offer of insurance, if any, will be determined by the insurance company providing your bond. You must contact us directly to obtain a quote for binding purposes.

Why do I need this bond?

Massachusetts driving school bonds are put in place to ensure that principals (school operators) fulfill all obligations for tuition reimbursements owed to enrolled students if the program is closed for a license suspension/revocation or any other reason prior to students’ completion of a paid course of study.

What’s the fine print?

Driver training school bonds in Massachusetts are continuous until canceled. The surety can cancel this bond at any time by giving written notice to the Registrar of Motor Vehicles 30 days prior to the desired termination date.

Additional Resources

Massachusetts Registry of Motor Vehicles Performance Bond Requirement

Massachusetts Registry of Motor Vehicles: Professional Driving School Licensing Requirements

Massachusetts Registry of Motor Vehicles: Applications & Forms

Massachusetts Registry of Motor Vehicles: Professional Driving School License Application

540 Code of Massachusetts Regulations 23

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