South Carolina Commercial Driver Training School Bond Guide
If you are opening a commercial driver training school in South Carolina, you’ll need to file a $10,000 surety bond with the DMV. Learn how these bonds work with our complete guide.
Bond Overview
- Purpose: To ensure that driver training schools follow South Carolina laws
- Who Needs It: Commercial driver training schools in South Carolina
- Regulating Body: The Department of Motor Vehicles (SCDMV)
- Required Amount: $10,000
- Premium Rates: Typically 0.75–10% of the bond amount, credit-based
What Is a South Carolina Commercial Driver Training School Bond?
A South Carolina commercial driver training school bond is a type of surety bond required by the Department of Motor Vehicles for all commercial driver training schools.
This bond guarantees compliance with state regulations and protects CDL students financially if the school fails to meet its obligations.
How Much Does a Driver Training School Bond Cost?
South Carolina commercial driver training school bond premiums start at just $75 for a one-year term.
Exact rates typically vary between $75 and $500 based on personal credit score. Select your bond below to receive your no-obligation quote.
SuretyBonds.com offers the lowest available rates available from our nationwide network of providers.
How Does This Bond Work?
By purchasing a CDL training school bond, you enter a legally-binding contract between three parties:
- Principal: You, the driver training school owner purchasing the bond
- Obligee: The South Carolina DMV requiring the bond
- Surety: The provider issuing the bond
If a school violates state statutes, such as failing to properly train students or misappropriating funds, the harmed parties can file a claim against the bond.
The surety will pay damages up to the $10,000 bond amount, and the school must then reimburse the surety.
How to Get a South Carolina Driver Training School Bond
SuretyBonds.com provides the fastest and easiest way to get a South Carolina commercial driver training school bond. Follow these steps to get started:
- Complete our quick online application
- Receive a free, personalized quote within one business day
- Purchase through your online quote invoice any time
After purchase, we’ll deliver your official bond form via your preferred shipping method. We offer overnight shipping if you’re in a rush.
Can I Get Bonded With Bad Credit?
Yes, you may be able to get a commercial driver training school bond even with bad credit. However, keep in mind that this may lead to a higher premium.
When you apply, we will explore our nationwide markets to find the best available rate for you.
How to Renew Your Driver Training School Bond
You must renew your commercial driver training school bond before the current one-year term ends.
Simply pay your renewal invoice before the expiration date. You'll receive instructions if any action is necessary to ensure your bond remains active for the next term.
Check out our How to Renew Your Surety Bond page for more information.
How to Open a Driver Training School in South Carolina
Anyone looking to open a licensed driver training school in South Carolina must fulfill several requirements. Complete the following steps to apply:
- Become a certified driving instructor
- Register the business with the state
- Secure a business license and local business permits if necessary
- Purchase or lease vehicles properly equipped for driving instruction
- File a $10,000 surety bond
- Obtain insurance coverage
- Establish a physical business location or a remote setup
- Develop your driver training curriculum according to state guidelines
- Apply online through the SCDMV website
After completing these steps, you’ll receive your license to legally open a driver training school in South Carolina.
