How much will my New York oversize permit bond cost?
New York’s Department of Transportation requires all divisible and special load haulers to be bonded prior to conducting business. Types of loads include but are not limited to:
- scrap metal
- manufactured homes
- self-propelled construction vehicles
Bond amounts are determined by the height, width, length and weight of hauled loads.
Height of loads:
- between 16-17 ft. - $10,000
- greater than 17 ft. - $30,000
Width of loads:
- greater than 16 ft - $10,000
Length of loads:
- greater than 160 ft - $10,000
Weight of loads:
- between 200,000-300,000 lbs. - $10,000
- between 300,000-400,000 lbs. - $20,000
- greater than 400,000 lbs. - $50,000
Be sure to contact the Department of Transportation to find out the exact amount you are required to post. Providing a bond expert with your given bond amount can speed up the bonding process and might lower the bond rate.
Bond premiums are subject to underwriting, meaning the amount you pay is based on the financial credentials of your credit report. No matter your credit, our oversize permit bonding professionals can get you bonded at the lowest rate available to your specific needs. Fill out a request form today for your free bond quote.
|Bond Type||Bond Amount||Cost by Credit Score*|
|680 and up||679 - 600||599 or lower|
|Oversize Permit Bond||Varies||2-5%||6-9%||10-20%||Apply Now|
Ready to receive an estimation on how much you will pay for your bond? Submit a request form or call 1 (800) 308-4358 to speak with a live expert today!
Why do I need this bond?
By posting this bond, the principal obligates to comply with all conditions and terms of the permit issued, in addition to performing satisfactory and honest work. More specifically, this bond offers indemnity to any person who suffers a damage or loss due to the negligence of the principal.
Our bonding specialists know all surety bonds like the back of their hand. Have a question or concern? Get in touch with a live specialist by calling 1 (800) 308-4358 or submitting a request form.
What’s the fine print?
All bonds will remain in full force unless voided.
What kind of permit do I need to operate in New York?
To legally conduct business within the State of New York you must first be licensed. License requirements are based on the type of permit you are applying for. To find out what all you need for license approval, check out the NY permits page.
Apply for your bond quote here. SuretyBonds.com puts customer bonding needs before anything else.
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