Indiana school bus driver contract bonds.
From $100.
When you contract to transport children for an Indiana school corporation, IC 20-27-5-28 requires a surety bond conditioned on faithful performance of the contract. The school governing body sets the amount; we price it at 1.5% of the bond amount, $100 minimum, with one soft credit pull that never affects your score.
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How much does an Indiana school bus driver contract bond cost?
1.5% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
Your transportation contract is waiting on this bond. Here's the whole process — the only extra step is a one-time soft credit pull:
Apply online
Your details, the school name and route, and the bond amount the governing body specified — plus a one-time consent to a soft credit pull. That is the application.
Approved
Most are approved as soon as you apply. One soft credit pull, never a hard inquiry, and it never affects your score. If it needs a second look, one to two business days at most.
File with the school corporation
Pay online and receive the executed bond, ready to file with the school corporation before your transportation contract begins. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
Indiana school corporations transport students under written transportation contracts governed by IC 20-27-5. A driver or fleet contractor operating such a contract must furnish a surety bond conditioned on faithful performance of the contract under IC 20-27-5-28.
It is a three-party arrangement: you (the principal), the surety carrier, and the school corporation (the obligee). If you fail to perform the transportation contract — abandoning a route mid-term, or breaching the safety and service terms the State School Bus Committee folds into every contract — the school corporation can recover its loss against the bond.
The amount is set by the school governing body, not by a statewide schedule — it appears in your contract or bid documents. The form captures the school name, county, term, and route so the executed bond matches your contract. We issue whatever amount the board specified, priced from $100 with a quick soft credit check that never affects your score.
You need this bond if you are
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File with the school corporation. Pay online and receive the executed bond, ready to file with the school corporation before your transportation contract begins. Wet-ink original mailed on request.
What sets the price
The premium is 1.5% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
One soft credit pull, never a hard inquiry, and it never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, issued instantly.
These are the actual underwriting fields, including the school and route details and a one-time consent to a soft credit pull. Submit once and your bond follows after a quick review.
Start the application →Common questions.
Other Indiana bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Your transportation contract is waiting on one document.
From $100, short application, one soft credit check that never affects your score. Enter the amount your governing body set and file the same day.