Any business that holds a Nevada fuel supplier, fuel dealer, special fuel manufacturer, special fuel user, permit vendor, or service provider license is required to obtain a Nevada Motor Carrier or Special Fuel License Bond. This is a type of surety bond required by the Nevada Department of Motor Vehicles (DMV). The Amount of the surety bond is determined based on the estimated number of taxable gallons of fuel handled by the business.
Annual Volume Range (gallons) | Minimum Bond Amount (dollars)
- 0-10,000 | $500 |
- 10,001-25,000 | $1,000
- 25,001-50,000 | $2,000
- 50,001-100,000 | $3,000
- 100,001-250,000 | $6,000
- 250,001-500,000 | $12,000
- 500,001-1,000,000 | $24,000
- 1,000,001-2,500,000 | $48,000
- 2,500,001-5,000,000 | $96,000
- 5,000,001 or more | $192,000 |
In addition to the minimum bond amounts listed in the table above, the Nevada DMV may also require businesses to obtain additional bonds if they handle certain types of fuel, such as aviation gasoline or hazardous materials. Businesses should consult with the DMV to determine the specific bond requirements that apply to their business.
The cost of the Motor Carrier or Special Fuel License Bond is usually between 1% and 3% of the bond amount, subject to a minimum premium and fees of $150 to$250. Surety1 will shop its many markets to procure the right price at the right terms.
How to Get a Nevada Motor Carrier or Special Fuel License Bond
At Surety1.com we make it easy to obtain this surety bond. Our simple, three step process is:
- Complete the easy to navigate and secure online application. 1
- Review the free, no obligation quote from one of Surety1’s professional surety bond agents, usually within one business day. 2
- Sign some paperwork and pay the bond premium
Once these steps have been completed, the Nevada Motor Carrier or Special Fuel License Bond will be shipped to the bond applicant.
1 -The name of the applicant on the surety bond application must match exactly the full legal business name of applicant for the license.
2- Subject to underwriter approval, based on aggregate surety bond exposure, additional underwriting information may be required
Surety1.com is a service of AssuredPartners one of the largest and fastest growing insurance agencies in the nation. Representing over a dozen surety bond companies, Surety1.com is the premier online provider of surety bonds nationwide since 2003.