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Excess Weight Permit Bond

  • Apply today for a free excess weight permit bond quote
  • Save on your bonding costs with us
  • Get bonded even with bad credit

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What Is an Excess Weight Permit Bond?

In many states, carriers have to get a special weight permit for excess weight vehicles. Posting an excess weight permit bond is often a requirement in the process.

The purpose of this license bond is to guarantee that carriers will cover any damages caused to state highways and roads due to their activities. A bond claim can be used to get a compensation for state or other local authorities in case a bonded carrier fails to make such payments.

Your excess weight permit bond is a three-party contractual agreement. Your transportation business is the principal. The obligee is the state authority that requires you to provide the bond. The third entity is the surety that backs your company and provides the bonding.

Questions about Excess Weight Permit Bond

Which are the states that impose a bonding requirement for excess weight permits?

Texas

In Texas, you need to post a superheavy or oversize permit bond in case you would like to get such a permit from the state Department of Transportation. The bond amount is $15,000.

Indiana

Carriers in Indiana have to provide an excess weight permit bond to the state Department of Revenue in an amount set by the authority.

Montana

Carriers operating Class 2 vehicles under the Montana legislation have to provide a $15,000 surety bond to the Motor Carrier Services Division.

Arkansas

For operating overweight vehicles on Arkansas highways, carriers need a permit from the state Department of Transportation. You also need to post a $1,000 surety bond.

New York

The New York Department of Transportation requires oversize and overweight permit bonds for all divisible and special load haulers. The bond amounts depend on the size and are between $10,000 and $50,000.

What is the surety bond price?

The bond amount that you have to provide is different from your actual bond cost. You have to pay a couple of percents of it, which is called the bond premium. The exact surety bond cost is set on the basis of your personal and business finances.

Your surety needs to carefully examine your personal credit score, business financials, and other liquidity and assets you may have. In this way, it assesses how risky it is to provide you with the bond. The typical rates for applicants with stable finances are between 1% and 5%.

Surety Bond Cost Based on Credit Score
Surety bond name Surety bond amount Above 700 Between 650-699 Between 600-649 Below 599
Arkansas Excess Weight Permit Bond $1,000 $100 $100 $100 $100
Texas Excess Weight Permit Bond $10,000 $100-$150 $100-$250 $250-$500 $500-$1,000
Montana Excess Weight Permit Bond $15,000 $112.5-$250 $150-$375 $375-$750 $750-$1,500
New York Excess Weight Permit Bond $10,000
to
$50,000
$100-$150
to
$375-$75
$100-$250
to
$500-$1,250
$250-$500
to
$1,250-$2,500
$500-$1,000
to
$2,500-$5,000

Is it possible to get bonded with bad credit?

Yes, you can get a bad credit surety bond with Lance Surety Bonds. We have designed our Bad Credit Surety Bonds program to provide a bonding option for applicants with financial issues. If you have a low credit scores tax liens, bankruptcies, or civil judgements, this may be the right program for you.

Since the bonding risk is higher, the rates are in the range of 5% and 10%. Due to our close relations with numerous A-rated, T-listed surety companies, we are able to offer you a top bonding rate, irrespective of your credit score.

How do I get an excess weight permit bond?

Would you like to delve deeper in the process of bonding? We’ve prepared a detailed How to Get Bonded page that can answer your questions.

If you need further assistance, don’t hesitate to reach us at (877) 514-5146. Lance Surety Bonds’ specialists are here to help.

START YOUR APPLICATION It's FREE. No Obligations. Approval in Minutes.

What Our Clients Have To Say?




Kimberlee Ables
Quick response times and turn around for issuing bonds. Great customer service and very knowledgeable. We have used Lance Surety multiple times and have never been disappointed. Highly recommend them and Collette!
Andrew Poincot
Long story short, these guys cut through the B.S. and get the job done. Responsiveness, excellent! Communication, excellent! Respect for their industry partners, excellent! John, Collette, Ryan, you're all-stars! Thank you!
Margie Martinez
We decided for Lance Surety Bond's quote for 2 reasons; Price and Customer Service. Our Representative Ryan was just SUPERB!! [...] I highly recommend Lance Surety Bond for all your Bonding needs! I'll definitely come back for all of mine. :-) Thanks Ryan!

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