New Jersey Driving School Bond Guide
If you are operating a driving school in New Jersey, you need a surety bond to guarantee you’ll uphold licensing regulations. Read on to learn more!
Bond Overview
- Purpose: To protect driving school students from fraud and harm
- Who Needs It: Licensed driving schools in New Jersey
- Regulating Body: The New Jersey Motor Vehicle Commission
- Required Amount: $10,000
- Premium Rates: Credit-based, typically $75–$300
What Is a New Jersey Driving School Bond?
The New Jersey Motor Vehicle Commission (MVC) requires driving school operators to purchase a $10,000 surety bond to get licensed.
New Jersey driving school bonds ensure that schools uphold New Jersey Revised Statutes and protect students from financial harm.
How Much Do Driving School Bonds Cost in New Jersey?
With excellent personal credit, you can expect to pay a premium rate starting at $75 for a $10,000 New Jersey driving school bond.
Exact pricing varies based on financial risk. Get your quote in 24 hours or less!
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Does a New Jersey Driving School Bond Work?
By purchasing a driving school bond, you enter a legal contract between three parties:
- Principal: The driving school operator(s) filing the bond
- Obligee: The New Jersey CMV requiring the bond
- Surety: The provider issuing the bond
If a driving school fails to follow regulations , the surety will pay valid claims to harmed parties up to the full bond amount. Then, the bonded driving school must reimburse the surety in full.
How Do I Get a Driving School Bond in New Jersey?
SuretyBonds.com provides the fastest and easiest way to get a driving school bond in New Jersey. Just follow these quick steps:
- Apply online at SuretyBonds.com
- Get a free quote within one business day
- Buy online or over the phone
- Receive your bond in the mail
- Sign and submit the bond form to the MVC
How Do I Renew My Driving School Bond?
New Jersey driving school bonds expire annually. A SuretyBonds.com representative will contact you during the renewal period to prepare a new bond. Follow the instructions provided to maintain your coverage for an additional term.
How to Become a Licensed Driving School in New Jersey
To become a licensed driving school in New Jersey, complete the following steps:
- Ensure you meet the basic licensing requirements
- List all instructors and agents on the fingerprint request notification form
- Purchase your $10,000 surety bond and adequate liability insurance
- Complete and mail your application packet to the MVC
- Pass a physical site inspection
- Pay the applicable license fees when notified by the MVC: $250 for initial license or $200 for renewal, $75 per Instructor, $25 per Authorized Agent
Once you are officially approved, you’ll receive your driving school license in the mail, typically within 10–15 days of applying.
Note: Driving school licenses expire annually in December
