Virginia bonded importer fuel bonds.
From $15,000.
A bonded importer under the Virginia Fuels Tax Act files a bond with the DMV under § 58.1-2211. Unlike most fuels licensees, bonded importers post a fixed $2,000,000 — file it on form FT462. Our carrier quotes 0.75% of the bond amount, $15,000, and your exact price is confirmed at the application.
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How much does a Virginia bonded importer fuel bond cost?
0.75% of the bond amount, from $15,000 at the $2,000,000 minimum. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
Enter your amount, pay, and file with the DMV. Larger bonds get a quick underwriting look. Here is the whole thing:
Apply online
Your business details, the $2,000,000 bond amount, and the effective date — that is the application.
Reviewed, then issued
A $2,000,000 bond gets a quick underwriting look, with an underwriter reaching out within 48 hours if anything is needed. Any credit check is a soft pull that never affects your score.
File with Virginia DMV
Submit the executed bond on form FT462 to satisfy the DMV. Wet-ink originals mailed whenever the Department insists on them.
What it is and who needs it.
What the fuels tax bond actually covers
Virginia administers the Virginia Fuels Tax Act (Code of Virginia Title 58.1, Chapter 22) through the DMV. A bonded importer imports motor fuel into Virginia on which the tax has not yet been precollected by a supplier, and must file a bond (or certificate of deposit) with the Commissioner as security.
Bonded importers are treated differently from ordinary distributors and blenders. Where most fuels licensees post three times their monthly tax liability (capped at $300,000), § 58.1-2211(A)(1) fixes the bond at $2,000,000 for bonded importers, position-holder suppliers, permissive suppliers, and terminal operators, reflecting the larger tax exposure of importing untaxed fuel.
The bonding company files the Fuels Tax Bond (form FT462) with the DMV; only that form is accepted. Our carrier quotes 0.75% of the bond amount, which is $15,000 at $2,000,000, and your exact price appears at the application. A bond this size gets a quick underwriting review.
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 Virginia DMV. Submit the executed bond on form FT462 to satisfy the DMV. Wet-ink originals mailed whenever the Department insists on them.
What sets the price
The premium is 0.75% 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 short form to apply.
Submit the application for the $2,000,000 bond — a bond this size gets a quick underwriting review before issuance on form FT462.
Start the application →Common questions.
Other Virginia bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Bonded importer bond, issued at honest pricing.
From $15,000 for the $2,000,000 bond. Apply online and file on form FT462.