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How much will my Oregon highway use tax bond cost?
Oregon highway tax use bonds are required by the Oregon Department of Transportation Motor Carrier Transportation Division. The amount of these bonds varies depending on the number of vehicles the company uses. The bond amounts are calculated as follows:
- $2,000 for 1 vehicle
- $2,000 + $375 for each individual vehicle between 2 and 5 vehicles
- $2,000 + $250 for each individual vehicle between 6 and 10 vehicles
- $2,000 + $125 for each individual vehicle exceeding 10 vehicles
SuretyBonds.com issues $2,000 highway use bonds (for one vehicle) instantly for just $100 without underwriting. Simply click Buy Now to visit our secure bond checkout, where you can buy your bond directly from our site. In just a few minutes, you can be on your way to getting a highway use tax bond in Oregon.
Why do I need this bond?
Highway use tax bonds in Oregon ensure the safety of all goods and passengers carried on these motor vehicles. This bond also makes certain that principals (transportation companies) follow all of the rules and regulations found in the Oregon Revised Statutes Chapters 825 and 826.
What’s the fine print?
Oregon motor carrier bonds are continuous until canceled by the surety. If the surety does decide to cancel this bond, 30 days of notice must be given to the Oregon Department of Transportation Motor Carrier Transportation Division prior to cancellation.