Minnesota fleet installment bonds.
From $100.
When a Minnesota fleet operator pays its registration fees on a deferred or installment basis through Driver and Vehicle Services, the state can require a bond securing the unpaid fees. The premium is 1% of your bond amount, $100 minimum; enter the amount DVS set and your exact price appears at the application.
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How much does a Minnesota fleet installment bond cost?
1% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
No underwriting queue for the standard fleet bond — enter your amount, pay, and file with DVS. Here is the whole thing:
Apply online
Your business details, the bond amount DVS required, and the effective date — that is the application.
Issued on the spot
No credit check up to $25,000. Larger amounts may get a quick underwriting review.
File with DVS
Submit the executed bond with your fleet registration / installment paperwork. Wet-ink originals mailed whenever the state insists.
What it is and who needs it.
What the fleet installment bond covers
Minnesota lets qualifying fleets register under a single fleet account through Driver and Vehicle Services, under Minn. Stat. Chapter 168 (including the fleet registration provisions at section 168.127). Where DVS allows a fleet operator to pay its registration fees on a deferred or installment schedule, it can require security for the fees that are not yet paid.
This bond is that security. It stands behind the registration fees the operator owes but is paying over time, so the state is protected if an installment is missed. The amount is set by DVS based on the fees being deferred across your fleet.
If a fleet operator fails to pay the deferred fees, the state can recover against the bond — and if the surety pays, the operator repays the surety. Because the precise mechanics are administered by DVS, confirm your required amount on your fleet paperwork; we then issue it with pricing from $100 and no credit check up to $25,000 in the application.
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 DVS. Submit the executed bond with your fleet registration / installment paperwork. Wet-ink originals mailed whenever the state insists.
What sets the price
The premium is 1% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
No credit check up to $25,000. Above that, the carrier may run a soft pull, which never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, issued on the spot.
Submit the application with the bond amount DVS set — the executed fleet bond is generated instantly, ready to file.
Start the application →Common questions.
Other Minnesota bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Fleet bond, issued today.
Pricing from $100. Enter the amount DVS set and file the same day.