Freight Broker Bond Calculator ($75,000 BMC-84)
Calculate Your $75,000 BMC-84 Bond Cost
All property brokers and freight forwarders must file a $75,000 freight broker bond with the FMCSA. Calculate your annual premium based on credit score, or see what a $75,000 surety bond costs across other bond types. Pricing a different bond? Use the surety bond calculator.
- Who requires it: The FMCSA, which requires every property broker to file the bond before operating.
- Amount: $75,000.
- Typical cost (estimate): $938 to $11,250 a year depending on credit: excellent credit (750+) $938-$1,500, poor credit $5,250-$11,250. The surety sets the final price.
- Timing: Same-day submission; most quotes within one business day.
Freight Broker Bond Calculator
$75,000 Freight Broker Bond Cost by Credit Score
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Freight Broker Bond Calculator FAQs
How much does a freight broker bond cost?
A $75,000 freight broker surety bond costs $938-$11,250 annually depending on your credit score. Use our freight broker bond calculator above to get an instant estimate based on your credit tier. Excellent credit qualifies for rates as low as 1.25%.
What is a BMC-84 bond?
A BMC-84 is the FMCSA designation for a freight broker surety bond. It guarantees property brokers will pay motor carriers for transportation services. The FMCSA requires all brokers to file a $75,000 BMC-84 before operating.
Can I get a freight broker bond with bad credit?
Yes, high-risk freight broker bond programs are available for applicants with poor credit, bankruptcies, or tax liens. Rates are higher (7-15%) but approval is possible. Our freight broker bond calculator includes rates for all credit levels.
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