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Virginia Passenger Carrier/Broker Bond

A Virginia Passenger Carrier/Broker Bond is a $25,000 financial guarantee required for businesses that transport passengers or arrange passenger transportation services in Virginia. This bond protects customers and the state if the transportation company breaks laws, fails to provide promised services, or causes finan…

Bond amount$25,000
State or jurisdictionVirginia
ObligeeState of Virginia

Essential point: Pin down whether this is your bond, then start the application. Ava can confirm the right state and license type if you are not sure.

Google icon5.0 ★★★★★Google review profileBBB iconBBB A+ AccreditedView the agency profile
2323 yearsHelping clients and agents
Overview

What it is.

A Virginia Passenger Carrier/Broker Bond is a $25,000 financial guarantee required for businesses that transport passengers or arrange passenger transportation services in Virginia. This bond protects customers and the state if the transportation company breaks laws, fails to provide promised services, or causes finan…

Who usually needs it

Passenger carriers and passenger brokers licensed by the Virginia Department of Motor Vehicles need this bond. This includes Transportation of Passengers Brokers who arrange passenger transportation services, Contract Passenger Carriers who transport groups of passengers for a group fee, and licensed passenger carriers engaged in transporting passengers for…

Pricing & timing

What to expect.

Generic pricing

License bonds are required by state and local governments to ensure compliance with industry regulations. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger license bonds: Commonly around 1–5% of the bond amount annually. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. Same-day approval is typical for many common license bonds. Some license bonds may price higher depending on the specific bond type, state program, or underwriting requirements.

Your quote determines the actual premium.

Typical timeframe

Issuance timeframe varies by bond type and underwriting

Timing can change when underwriting needs more information.
Application details

How it works.

  1. Start the application

    Confirm the bond and provide applicant and business details.

  2. Review the quote

    See the terms and premium before deciding to continue.

  3. Pay and sign

    Complete the required payment and signatures.

  4. Receive the bond

    Get the issued bond and filing or delivery instructions.

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Helpful guidance, a real agency team, and a clear path from research to application.

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Next step

Ready to move forward?

Start the secure application with this bond already selected, or ask Ava a question before you begin.

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