Oregon Highway Use Tax Bond

The Oregon Highway Use Tax Bond a type of surety bond required by the State of Oregon Department of Transportation. The bond amount is determined by the DoT and varies depending on the number of vehicles registered in Oregon, ranging from $500 to $25,000. The cost of the surety bond is usually between 1% and 3% of the bond amount, subject to a minimum premium and fees of $150. Surety1 will shop its many markets to procure the right price at the right terms.

How to get an Oregon Highway Use Tax Bond

At Surety1.com we make it easy to obtain this surety bond. Our simple, three step process is:

1. Complete the easy to navigate and secure online application. ¹
2. Review the free, no obligation quote from one of Surety1’s professional surety bond agents, usually within one business day.
3. Sign some paperwork and pay the bond premium

Once these steps have been completed, the Surety 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.} 

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 and have earned an A+ rating from the Better Business Bureau.

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Who needs this Surety Bond?

In Oregon, several groups need to obtain an Oregon Highway Use Tax Bond:

1. New Commercial Motor Carriers:

• If you’re a brand new motor carrier or haven’t previously operated in Oregon, you’ll need the bond until establishing a year of operation within a three-year period.
• Bond amount varies based on vehicle count, ranging from $2,000 to $10,000.

2. Private Carriers (Gasoline Only):

• Companies using trucks exceeding 26,000 lbs freight capacity need the bond, with exemptions listed in Oregon Revised Statutes.
• Minimum bond for gasoline-only private carriers is $500, with a maximum of $10,000.

3. Private Carriers (Non-Gasoline):

• Similar requirements apply to non-gasoline private carriers like those using diesel, with lower minimum and higher maximum bond amounts compared to gasoline carriers.

4. Weight-Mile Tax Program Enrollees:

• Any motor carrier registered with Oregon’s Weight Mile Tax Program must file the bond or provide alternative security like a cash deposit.

5. Carriers Without Dun & Bradstreet Rating of 3A2 or Higher:

• Even if you don’t fall into the above categories, the Oregon Department of Transportation may still require a bond at their discretion if you lack a 3A2 or higher Dun & Bradstreet rating.

For more information, contact the Oregon Department of Transportation: https://www.oregon.gov/odot/mct/pages/bondandinsurance.aspx