Minnesota Commercial Driver Training School Bond Guide
If you’re applying for a commercial driving school license in Minnesota, you’ll need this surety bond.
Bond Overview
- Purpose: To hold driving schools financially liable for operating legally
- Who Needs It: Commercial driver training school owners
- Regulating Body: The Department of Public Safety, Driver and Vehicle Services
- Required Coverage: $10,000, $20,000 or $30,000, based on number of students
- Premium Rate: 0.75–10%, credit-based
Learn all about the bond requirements and process in this guide.
What Is a Minnesota Commercial Driver Training School Bond?
A Minnesota commercial driver training school bond ensures that schools follow regulations and protects students from fraud or misrepresentation.
Your required bond amount will vary depending on how many students were enrolled in the previous calendar year:
- <100 Students: $10,000 Bond
- 101–500 Students: $20,000 Bond
- 501+ Students: $30,000 Bond
How Much Do Commercial Driver Training School Bonds Cost in Minnesota?
Minnesota commercial driver training school bonds cost a small percentage of the bond amount, typically 0.75–10%.
For example, you could pay as low as $100 for the $10,000 coverage. Exact rates vary based on personal credit score. Apply for your free quote now!
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
Who Needs a Commercial Driver Training School Bond?
The Department of Public Safety (DPS), Driver and Vehicle Services requires this bond as part of the licensing process for all commercial driving schools in the state.
How Do I Get My Bond?
SuretyBonds.com provides the fastest and easiest way to get a Minnesota commercial driver training school bond. Just follow these quick steps:
- Apply: Submit an online quote request form
- Quote: Receive your quote within one day
- Sign: Complete the indemnity agreement
- Buy: Purchase the bond online 24/7
We’ll mail you the bond via your preferred shipping method. Be sure to file the bond with the DPS Driver and Vehicle Services as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does a Minnesota Commercial Driver Training School Bond Work?
As with all surety bonds, a commercial driver training school bond creates a legal contract between three parties:
- Principal: You, the commercial driving school filing the bond
- Obligee: The Department of Public Safety, Driver and Vehicle Services requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding the provisions of Minnesota Statutes § 171.33-171.41 and Minnesota Rules 7411.
If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you are ultimately responsible for refunding the surety.
How Do I Renew My Bond?
These bonds expire annually. To renew your commercial driver training school bond, simply pay your renewal invoice when prompted.
We’ll begin contacting you by phone and email 90 days before the expiration date.
