Illinois Driving Training School Bond
Illinois Driving Training School Bond
Our GOOD CREDIT price varies based on the bond amount required
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Illinois Driver Training School Bonds are required by the State of Illinois. The required bond amount is determined by the type of driver training school you are operating.
Bond Amounts (As of 1/1/2011)
Non-Accredited Licensed School:
Adult & Motorcycle - $10,000
Accredited Licensed Schools:
Teen & CDL - $40,000
CDL or Teen with 3 or more branches - $50,000
Combination Teen & CDL - $60,000
Combination Teen & CDL w/3 or more branches - $70,000
Most applicants with good credit will qualify for rate indicated. In order to receive your specific quote, we must review your qualifications to determine the lowest possible price. If you have already been declined or nonrenewed by another Surety Company, chances are you will not qualify for this preferred rate.
We have various sureties willing to write bonds for applicants with less than perfect credit, including a special program with very competitive prices for those with just a few credit blemishes.
We find the best possible price for your surety bond given your particular qualifications.
Additional information about this corporate surety bond requirement is as follows:
Obligee - State of Illinois
Bond Amount - Set by Obligee
Bond Premium - Varies
Renewal Document - Renewal/Continuation Certificate required.
Prices displayed here are an indicator and an estimate of the price we can obtain for qualified applicants. Applications must be reviewed to determine your specific quote.