Driving school bond cost
The Virginia Department of Motor Vehicles requires owners of driving training schools to post surety bonds to legally work within the state. Class A driver training schools must post a $100,000 surety bond and Class B schools must post a $5,000 surety bond.
These bonds are subject to underwriting, so the amount you’ll pay depends on a review of your personal credit report. Because these bonds are school-related, having current business financials and a personal financial statement.
Why this bond
By posting a Virginia driver training school bond, the principal (driving school) promises to conduct business according to the provisions of Chapter 17, Title 46.2 of the Code of Virginia. If the principal fails to comply with these terms, the bond protects harmed parties from financial loss.
Driver training school bonds in Virginia remain in full force and effect until canceled. These bonds continue indefinitely from license renewal to license renewal. The surety can cancel the bond at any time upon giving written notice of cancellation to the Commissioner of the Department of Motor Vehicles 30 days prior to canceling the bond.
This bond form must be signed by a notary public.A Class A licensee is a driver training school that provides training in the operation of commercial motor vehicles. A Class B licensee is a driver training school that provides training in the operation of any type of motor vehicle other than motorcycles and commercial motor vehicles.
Become a driving school
To become licensed to operate a driver training school in Virginia, applicants must:
- submit a completed application along with any associated fees and other documentation
- be at least 21 years of age
- be able to document with driving records at least 5 years of licensed driving experience (at least 2 years in the United States)
- be able to effectively communicate in English in an easily understood and comprehensible manner
- hold a valid driver’s license
- have a driving record with no more than 6 demerit points
- and more
Individuals seeking an instructor’s license must be already employed by a licensed school and cannot be employed by more than one school at the same time unless all schools are owned by the same person.Begin the licensing process by purchasing the surety bond you need! Our experts will get you bonded quickly, easily and accurately.
Apply for your surety bond
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