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Freight Broker Bond Cost: BMC-84 Premiums & Terms

A bond quote should explain more than a price. Compare the premium, payment schedule, collateral requirements, and your obligations to the surety.

Bond amount and premium are different

The required financial security amount is $75,000. A BMC-84 applicant pays a premium quoted by the surety. A quote is specific to the business and owners being underwritten; another broker's advertised rate is not a promise of your rate.

Questions to ask before accepting a quote

• Is the stated premium annual or for another term?
• Are installment payments available, and what fees apply?
• Is collateral required? How and when can it be released?
• What are the cancellation and refund terms?
• Who signs the indemnity agreement, and what reimbursement obligations apply?
• What must happen before the bond is issued and filed?

What helps an agent start a review?

Have your legal business name, business address, MC or FF number if assigned, desired effective date, years in business, current provider, and claim history ready. The surety may later request owner and financial information through its application process.

A lower premium is not the whole decision

Review the surety's terms and the proposed filing timeline. If changing providers, coordinate the replacement so that your existing financial security does not end prematurely. Do not operate based only on a quote or payment receipt.

No approval, premium, financing arrangement, or processing time is guaranteed. HIA can help you understand available terms before deciding.

Official resources

FMCSA broker registration · Financial responsibility FAQs

Reviewed October 7, 2026. Approval, pricing, and terms vary by applicant and provider. This resource is not affiliated with FMCSA or Jet Surety.