(877) 477-7578 View all bonds

Miami-Dade · BMC-84 cost

How much does a Miami freight broker bond cost?

The BMC-84 bond amount is always $75,000. What you pay is the annual premium — typically about 1%–12% of that amount ($750–$9,000+), driven mainly by personal credit.

Apply for BMC-84 Credit tiers

Fixed by law

The $75,000 bond amount does not change

FMCSA requires exactly $75,000 in financial security under 49 C.F.R. § 387.307 — the same in Miami, every other U.S. city, and every state. MAP-21 raised the requirement from $10,000 to $75,000 in 2013. You do not choose the penal sum; you choose BMC-84 surety or a BMC-85 trust.

Typical ranges

BMC-84 premium by credit tier

Carrier-filed rates vary — use these bands to estimate before you apply:

  • 740+ FICO — about 1.25%–2.0% ($938–$1,500/year)
  • 700–739 — about 2.0%–3.0% ($1,500–$2,250/year)
  • 660–699 — about 3.0%–4.5% ($2,250–$3,375/year)
  • 620–659 — about 4.5%–7.0% ($3,375–$5,250/year)
  • Below 620 — about 7%–12%+ ($5,250–$9,000+/year); some markets require collateral

Underwriting

What else affects your quote

  • Personal credit — primary pricing factor for most BMC-84 filings.
  • Industry experience — first-time brokers may pay more than renewals with clean history.
  • Business financials — liquidity and net worth can help on borderline files.
  • Claims history — prior surety claims or FMCSA enforcement raise rates.

Bad credit does not always mean denial — ask about high-risk markets or collateral options. Compare BMC-84 vs BMC-85 if you are weighing a trust instead of a bond.