Virginia passenger carrier bonds.
$125 flat.

Virginia requires a new passenger carrier or passenger broker to file a $25,000 bond with DMV and keep it on file for the first three years of operating authority. Ours is $125 flat — the price you see is the checkout price — and this license bond application collects no credit information.

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Required by DMV Motor Carrier Services (form OA 435) for new passenger carriers and brokers

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Fixed price, fixed amount — $25,000 bond, $125, no quote process

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Held for the first three years of your operating authority, then released

A-ratedA.M. Best carriersInstantunderwriting process1–3 yrterms available

Trusted by industry leaders

How it works

Three steps. One sitting.

License bonds are the simplest thing in surety. Here's the entire process:

NOW · ONLINE

Apply online

Business details and an effective date. That's the application — no financials, no credit fields, no follow-up scavenger hunt.

MINUTES, USUALLY

Pay & e-sign

License bonds like this are among the thousands of bond types that issue right after purchase.

SAME DAY

File with DMV Motor Carrier Services

Your executed bond (form OA 435) arrives by email, ready to file with your operating-authority application. Wet-ink original mailed on request.

About this bond

What it is and who needs it.

What the bond actually guarantees

Virginia DMV Motor Carrier Services licenses intrastate passenger carriers and passenger brokers, and conditions a new applicant's operating authority on a $25,000 surety bond (form OA 435). The bond is a consumer-protection guarantee for the people who hire you.

It is a three-party arrangement: you (the principal), the surety carrier, and the Commonwealth (the obligee), with your passengers and customers as the protected parties. The bond protects anyone who suffers a loss from your fraud, misrepresentation, breach of contract, or other violation of the motor-carrier chapter.

The bond is required for the first three years from the date your operating-authority certificate issues, then it is released. You may file an irrevocable letter of credit (form OA 447) instead — but the surety bond is usually cheaper. It is not insurance for you — if the surety pays, you repay the surety.

Code of Virginia § 46.2-2011.9 (DMV; form OA 435)Virginia DMV Motor Carrier Services requires a new passenger carrier or passenger broker to file a $25,000 surety bond (form OA 435) or irrevocable letter of credit (form OA 447), maintained for the first three years from the date the operating-authority certificate issues, under Code of Virginia § 46.2-2011.9. The bond protects any person harmed by the carrier's or broker's fraud, misrepresentation, breach of contract, or other violation of the motor-carrier chapter.

You need this bond if you're

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A new contract passenger carrier getting DMV operating authority

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A passenger broker arranging or selling passenger transportation

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A charter, limo, or shuttle operator in your first three years of authority

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Re-applying for operating authority that requires the OA 435 bond

One application, issued instantly.

These are the actual issuing fields — no credit section, because this application doesn't collect credit information.

Start the application →

FAQ

Common questions.

How much is the Virginia passenger carrier bond?The premium is $125 — the flat, fixed price for the $25,000 bond amount, the same for every carrier and broker. The $25,000 is set by DMV, so there is no quote process.

Do I pay the $25,000?No. You pay $125. The $25,000 is the surety's maximum liability if a valid claim is made against the bond — not a deposit, and nobody holds your money.

How long do I need it?DMV requires the bond for the first three years from the date your operating-authority certificate issues. After that it is released, unless DMV requires otherwise. You can buy a 1, 2, or 3-year term to cover that window.

Is there a credit check?The application collects no credit information for this bond, and most applications approve instantly.

Can I use a letter of credit instead?Yes — DMV accepts an irrevocable letter of credit (form OA 447) in place of the bond. Most operators choose the surety bond because it is cheaper than tying up $25,000 in bank collateral.

Which A-rated carriers underwrite these bonds?Typically Arch Insurance Company (A.M. Best A+) or Nationwide Mutual Insurance Company (A.M. Best A). Which one writes your bond depends on the bond type and your state. The carrier's name and official signature are printed on the bond you receive.

How do I contact Light RFP about this bond?Email insurance@lightrfp.com. It reaches the bond team at Light RFP Risk Management Services LLC (NY DFS License # PC-1978982). Write to us about quotes, applications, bond forms or certificates. We will respond within 24 hours.

Related bonds

Other Virginia bonds.

Finish your operating-authority checklist today.

$125 flat, no credit review, bond often issued in the same sitting. Free until issued.

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Your price$125

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