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Overview of Auto Dealer Bond Requirements

Auto dealer bonds are an important licensing requirement for dealers in nearly every state. To find out particular information about your state, such as obligee, bond cost, expiration dates and others, select your state from the map below.

Choose Your State

What is an Auto Dealer Bond?

Check out our quick video guide or continue reading for a more deatailed explanation:

An auto dealer surety bond is a binding contractual agreement between three parties: the obligee (the state requiring the bond), the principal (the auto dealer), and the surety (the provider of the bond).

Auto Dealer Bond Agreement

It’s important not to confuse an auto dealer bond with insurance. Even though dealer bonds are sometimes wrongfully referred to as auto dealer bond insurance, they do not protect the dealer but the consumer.

Auto dealer bonds are a way to compensate dealers' customers if they become victims of fraud or unethical business practices. These include (but are not limited to):

  • Providing false information about the vehicle’s condition
  • Tampering with the odometer
  • Failure to honor oral or written warranties
  • Engaging in deceptive financing methods, such as “yo-yo” financing
  • Not paying state sales tax or other applicable fees
  • Not reporting sales
  • Failing to adhere to the conditions of the license

A claim can be made on the dealer bond if the dealership doesn’t follow all applicable laws and regulations of their state. If a legitimate claim is filed against the dealership, the surety will pay all relevant costs up to the amount of the surety bond it had underwritten. However, the dealer will have to reimburse these costs later on, which means avoiding claims is the best course of action.

Ready to apply? Start by getting a free no-obligations quote, so you can see our low prices!

Who needs to get bonded?

Whether you need to get bonded as a dealer or not depends on the specific regulations in your state. Some have different requirements for used-car, wholesale, auction and franchised dealers, for example.

States may also require surety bonds for the licensing process of other type of related businesses, such as motorcycle, snowmobile and boat dealers, salvage dealers, salespersons, designated agents, parts recyclers, and others.

These types of surety bonds may not be referred to as auto dealer bonds, but they are, in essence, the same thing. The table below contains specific information about the different types of dealer bonds in all 50 states.

Find the Auto Dealer Bond You Need

The table below contains a list of only the most popular surety bonds. If you can't find yours, fill out our online application and select "Not in the list".

Alabama Motor Vehicle Dealer Bond Dept. of Revenue Apply Now
Alabama Used Motor Vehicle Dealer, Reconditioner, Rebuilde Alabama Dept of Revenue Apply Now
Alabama Designated Agent Bond Alabama Department of Revenue Apply Now
Alabama Bond of Automotive Dismantler and Parts Recycler Alabama Department of Revenue Apply Now
Alabama AMHC License/Permit Manufactured Housing Commission Apply Now
Alabama Designated Agent-Non Dealer Bond Alabama D.O.R. Motor Vehicle Division Apply Now
Alaska Motor Vehicle Dealer's/Buyer's Agent Division of Motor Vehicles Apply Now
Alaska Motor Vehicle Dealer's/Buyer's Agent Division of Motor Vehicles Apply Now
Arizona Vehicle Dealer Bond Motor Vehicle Division Apply Now
Arizona Vehicle Dealer Bond Motor Vehicle Division Apply Now
Arizona License / Mobile Home Dealer Bond State of Arizona, Office of Administration Apply Now
Arizona Electronic Records Access Motor Vehicle Division Apply Now
Arkansas New Motor Vehicle Dealer Motor Vehicle Commission Apply Now
Arkansas New Motorcycle, ATV, Scooter, Utility Vehicle or L Arkansas Motor Vehicle Commission Apply Now
Arkansas Used Motor Vehicle Dealer State Police - Special Services Section Apply Now
California Retail Dealer Department of Motor Vehicles - Occupational Licens Apply Now
California Wholesale Dealer Department of Motor Vehicles - Occupational Licens Apply Now
California Financial Responsibility Bond CA DMV Apply Now
California Retail Dealer Department of Motor Vehicles - Occupational Licens Apply Now
California Business Partner Automation Registration Operations Division Apply Now
California REGISTRATION SERVICE SURETY BOND California Registration Operations Division Apply Now
California Vehicle Verifier State of California DMV Apply Now
California Commercial Requester Account State of California DMV Apply Now
California Yacht and Ship Broker Bond California Department of Boating and Waterways Apply Now
California IRP Bonded Web User Bond Department Of Motor Vehicles, Motor Carrier Div. Apply Now
Colorado Motor Vehicle Dealer Department of Revenue - Auto Industry Division Apply Now
Colorado Motor Vehicle Dealer Department of Revenue - Auto Industry Division Apply Now
Colorado Motor Vehicle Buyer Agent Dept of Revenue - Auto Industry Division Apply Now
Colorado Home Sale Down Payment Bond Div. of Housing - Manufactured Home Registration Apply Now
Connecticut Motor Vehicle Dealer Department of Motor Vehicles - Dealers & Repairers Apply Now
Connecticut Motor Vehicle Dealer Department of Motor Vehicles - Dealers & Repairers Apply Now
Connecticut Registration Issuance DMV- Dealers and Repairers Division Apply Now
Delaware Motor Vehicle Dealer Bond Division of Revenue Apply Now
Delaware Financing the Sale of Motor Vehice License State of Deleware Apply Now
Delaware Motor Vehicle (Non-Dealer, Not Listed) Bond Division of Revenue Apply Now
District of Columbia Motor Vehicle Dealer Department of Consumer & Regulatory Affairs Apply Now
District of Columbia Repair Dealer Department of Consumer & Regulatory Affairs Apply Now
District of Columbia Motor Vehicle Dealer Department of Consumer & Regulatory Affairs Apply Now
District of Columbia Consumer Goods Repair Dealers Bond Department of Consumer & Regulatory Affairs Apply Now
District of Columbia Auto Repossessor Bond DC Department of Consumer and Regulatory Affairs Apply Now
District of Columbia Auto Repossessor Bond DC Department of Consumer and Regulatory Affairs Apply Now
Florida Motor Vehicle Dealer Department of Highway and Motor Vehicles - Divisio Apply Now
Florida Recreational Vehicle Dealer Department of Highway and Motor Vehicles - Divisio Apply Now
Florida Franchise Motor Vehicle Dealer State of Florida Apply Now
Florida Mobile Home Installer Bond FL - Mobile Home Installer Bond Apply Now
Florida Motor Vehicle Dealer Department of Highway and Motor Vehicles - Divisio Apply Now
Florida Recreational Vehicle Dealer Department of Highway and Motor Vehicles - Divisio Apply Now
Florida Mobile Home Dealer Department of Highway Safety & Motor Vehicles Apply Now
Florida Recreational Vehicle Manufacturer, etc. Department of Highway and Motor Vehicles - Divisio Apply Now
Florida Yacht and Ship Broker's or Salesperson's State of Florida, Dept of Business and Professiona Apply Now
Florida Private Rebuilt Vehicle Inspection Bond Department of Highway and Motor Vehicles - Divisio Apply Now
Georgia Used Motor Vehicle & Parts Dealer State Board of Registration - Used Motor Vehicle Apply Now
Georgia Used Parts Dealer State Board of Registration - Used Parts Division Apply Now
Hawaii Motor Vehicle Dealer Motor Vehicle Industry Board - Department of Comme Apply Now
Hawaii Motor Vehicle Dealer Motor Vehicle Industry Board - Department of Comme Apply Now
Idaho Vehicle or Vessel Dealer Transportation Department Apply Now
Idaho New and Used Manufactured/Mobile Home Dealer/Broke Idaho Division of Building Safety Apply Now
Idaho Vehicle or Vessel Dealer Transportation Department Apply Now
Illinois Designated Agent Secretary of State - Vehicle Services Department Apply Now
Illinois Designated Agent Secretary of State - Vehicle Services Department Apply Now
Illinois Remittance Agent's Illinois Secretary of State Apply Now
Illinois Installment Vehicle Services Dept. Commercial & Farm Truck Div Apply Now
Indiana Vehicle Merchandising Certificate Bond Indiana Secretary of State Dealer Division Apply Now
Indiana Vehicle Merchandising Certificate Bond Indiana Secretary of State Dealer Division Apply Now
Indiana Auto & Mobile Home Dealers (Used Only, No New) Bon State of Indiana Dealer Division Apply Now
Iowa Motor Vehicle Dealer Department of Transportation Apply Now
Iowa Motor Vehicle Dealer Department of Transportation Apply Now
Kansas Motor Vehicle Dealer Department of Revenue - Division of Vehicles - Dea Apply Now
Kansas Motor Vehicle Dealer Department of Revenue - Division of Vehicles - Dea Apply Now
Kentucky Motor Vehicle Dealer Motor Vehicle Commission Apply Now
Kentucky Motor Vehicle Dealer Motor Vehicle Commission Apply Now
Kentucky Highway Use Dept. of Vehicle Regulation Div. of Motor Carriers Apply Now
Local Government Second Hand Motor Vehicle Dealer Bond City Of New Bedford Apply Now
Local Government Massachusetts Used Car Dealer's City of Gardner Apply Now
Local Government Second Hand Motor Vehicle Dealer Bond Town of Uxbridge Apply Now
Louisiana Motor Vehicle Dealer Recreational and Used Motor Vehicle Commission Apply Now
Louisiana New Motor Vehicle Dealer Bond Lousiana Motor Vehicle Commission Apply Now
Louisiana Motor Vehicle Dealer Recreational and Used Motor Vehicle Commission Apply Now
Louisiana Auto Title Department of Public Safety Apply Now
Louisiana Department of Public Safety & Corrections Office o LA Dept of Public Safety and Corrections Apply Now
Louisiana Offical Motor Vehicle Inspection Station Bond LA Dept of Public Safety and Apply Now
Louisiana Recreational Products Dealer Bond Louisiana Motor Vehicle Commission Apply Now
Maine Motor Vehicle Dealer Bureau of Motor Vehicles - Dealer and Agent Servic Apply Now
Maine Motor Vehicle Dealer Bureau of Motor Vehicles - Dealer and Agent Servic Apply Now
Maryland Vehicle or Trailer Dealer Bond Motor Vehicle Administration Apply Now
Maryland Boat Dealer Dept of Natural Resources, Licensing & Registratio Apply Now
Maryland Vehicle or Trailer Dealer Motor Vehicle Administration Apply Now
Maryland Title Service Agent Motor Vehicle Administration Apply Now
Maryland Boat Dealer Bond Dept of Natural Resources Licensing & Registration Apply Now
Maryland Motor Vehicle Manufacturer State of Maryland Apply Now
Maryland Credit Hauling Bond State Highway Administration Apply Now
Maryland Motor Vehicle Repair Facility License Prince George's County Apply Now
Massachusetts MASSACHUSETTS USED CAR DEALER?S City of Boston, MA Apply Now
Massachusetts Used Car Dealer's Town of Dighton Apply Now
Massachusetts Town of Barnstable, MA Used Car Dealer's Bond Town of Barnstable Licensing Division Apply Now
Massachusetts Abington, MA Used Car Dealer's Town of Abington Apply Now
Massachusetts Taunton, MA Used Car Dealer's City of Taunton Apply Now
Massachusetts Fall River, MA Used Car Dealer's City of Fall River Apply Now
Massachusetts Middleton, MA Used Car Dealer's Town of Middleton Apply Now
Massachusetts Medford, MA Used Car Dealer's City of Medford Apply Now
Massachusetts Worcester, MA Used Car Dealer's City of Worcester Apply Now
Massachusetts Lawrence, MA Used Car Dealer's City of Lawrence Apply Now
Massachusetts Peabody, MA Used Car Dealer's City of Peabody Apply Now
Massachusetts Hampden, MA Used Car Dealer's Town of Hampden Apply Now
Massachusetts North Andover, MA Used Car Dealer's Town of North Andover Apply Now
Massachusetts Attleboro, MA Used Car Dealer's City of Attleboro Apply Now
Massachusetts Natick, MA Used Car Dealer's Town of Natick Apply Now
Massachusetts Boston, MA Used Car Dealer's City of Boston Apply Now
Massachusetts Milford, MA Used Car Dealer's Town of Milford Apply Now
Massachusetts Malden, MA Used Car Dealer's City of Malden Apply Now
Massachusetts Salisbury, MA Used Car Dealer's Town of Salisbury Apply Now
Massachusetts Danvers, MA Used Car Dealer's Town of Danvers Apply Now
Massachusetts Westport, MA Used Car Dealer Town of Westport, MA Apply Now
Massachusetts North Attleboro, MA Used Car Dealer Town of North Attleboro Apply Now
Massachusetts Framingham, MA Used Car Dealer Town of Framingham Apply Now
Massachusetts Marlborough, MA Used Car Dealer Department of Municipal Licensing Apply Now
Massachusetts Groton, MA Used Car Dealer Town of Groton Apply Now
Massachusetts Franklin, MA Used Car Dealer Town of Franklin Apply Now
Massachusetts Carver, MA Used Car Dealer Town of Carver Licensing Authority Apply Now
Massachusetts Lynn, MA Used Car Dealer's City of Lynn, City Clerks Officer Apply Now
Massachusetts Somerset, MA Used Car Dealer's City Of Somerset Apply Now
Massachusetts Auburn, MA Used Car Dealer's Bond Town of Auburn Apply Now
Massachusetts Auto & Mobile Home Dealers (Used Only, No New) Bon City of Cambridge Apply Now
Massachusetts Rockland, MA Used Car Dealer's Town of Rockland Apply Now
Massachusetts Mendon, MA Used Car Dealer's Bond Town of Mendon Apply Now
Massachusetts Haverhill, MA Used Car Dealer's Bond Town of Haverhill Apply Now
Massachusetts Dudley, MA Used Car Dealer's Bond Town Of Dudley, MA Apply Now
Massachusetts Randolph, MA Used Car Dealer Town of Randolph Apply Now
Massachusetts Bourne, MA Used Car Dealer's Bond Town of Bourne Apply Now
Massachusetts Stoughton, MA Used Car Dealer Bond Town of Stoughton Apply Now
Massachusetts Westfield, MA Used Car Dealer's City of Westfield Apply Now
Massachusetts Amherst, MA Used Car Dealer's Town of Amherst Apply Now
Massachusetts Used Car Dealer's Bond Town Of Reading Apply Now
Massachusetts Wareham, MA Used Car Dealer's Bond Town of Wareham Apply Now
Massachusetts Southwick, MA Used Car Dealer's Bond Town of Southwick Apply Now
Massachusetts Town of Oxford, MA Used Car Dealer Bond Town Of Oxford Apply Now
Massachusetts Saugus, MA Used Car Dealer Bond City Of Saugus Apply Now
Massachusetts Used Car Dealer's Bond Town of Gill, MA Apply Now
Massachusetts Orange, MA Used Car Dealer Bond Town of Orange Apply Now
Massachusetts Swansea, MA Used Car Dealer Bond Town of Swansea Apply Now
Massachusetts Town of Hopedale, MA Used Car Dealer Bond Town of Hopedale Apply Now
Massachusetts Town of Easton, MA Used Car Dealer Bond Town of Easton Apply Now
Massachusetts Town of Needham, MA Used Car Dealer Bond Town of Needham Apply Now
Massachusetts Town of Yarmouth, MA Used Car Dealer Bond Town of Yarmouth Apply Now
Massachusetts Town of Walpole, MA Used Car Dealer Bond Town of Walpole Apply Now
Massachusetts Town of Rowley, MA Used Car Dealer's Bond Town Of Rowley Apply Now
Massachusetts West Bridgewater, MA Used Car Dealer's Bond Town of West Bridgewater Apply Now
Massachusetts Town Of Raynham, MA Used Car Dealer's Bond Town Of Raynham Apply Now
Massachusetts Town of Winchendon, MA Used Car Dealer's Bond Town of Winchendon Apply Now
Massachusetts Town of Barnstable, MA Used Car Dealer's Bond Town of Barnstable Apply Now
Massachusetts City of Agawam, MA Used Car Dealer's Bond City of Agawam Apply Now
Massachusetts City of Somerset, MA Used Car Dealer's Bond City of Somerset Apply Now
Massachusetts Town of North Oxford, MA Used Car Dealer's Bond Town of North Oxford Apply Now
Massachusetts City of Somerville, MA Used Car Dealer's Bond City of Somerville Apply Now
Massachusetts Town of Kingston, MA Used Car Dealer's Bond Town of Kingston Apply Now
Massachusetts Town of Andover, MA Used Car Dealer's Bond Town of Andover Apply Now
Massachusetts Town of Franklin, MA Used Car Dealer's Bond Town of Franklin Apply Now
Massachusetts City of Leominster, MA Used Car Dealer's Bond City of Leominster Apply Now
Massachusetts City of Melrose, MA Used Car Dealer's Bond City of Melrose Apply Now
Massachusetts City of Pittsfield, MA Used Car Dealer's Bond City of Pittsfield Apply Now
Massachusetts Electric Vehicle Registration Permit Bond Commonwealth of Massachusetts, RMV Apply Now
Michigan Uniform Vehicle Dealer Department of State Apply Now
Michigan Motor Vehicle Dealer Department of State Apply Now
Michigan Uniform Manufactured Housing Retailer's Bond Michigan - Department of State Apply Now
Michigan Uniform Manufactured Housing Retailer's Consumer D Dept of Licensing and Regulatory Affairs Apply Now
Minnesota Motor Vehicle Dealer Department of Public Safety - Driver and Vehicle S Apply Now
Minnesota Manufactured Home Dealer Minnesota Department of Labor and Industry Apply Now
Minnesota Motor Vehicle Dealer Department of Public Safety - Driver and Vehicle S Apply Now
Mississippi New Motor Vehicle Dealer Motor Vehicle Commission Apply Now
Mississippi Designated Agent Department of Revenue Apply Now
Mississippi New Motor Vehicle Dealer Motor Vehicle Commission Apply Now
Mississippi Designated Agent Bond Department of Revenue Apply Now
Mississippi Designated Agent Bond Department of Revenue Apply Now
Mississippi Manufactured Housing Commissioner of Insurance Apply Now
Missouri Motor Vehicle Dealer Motor Vehicle Bureau - Dealer Licensing Section Apply Now
Missouri Motor Vehicle Dealer Motor Vehicle Bureau - Dealer Licensing Section Apply Now
Missouri Used Vehicle Dealer Bond (Springfield, MO) City of Springfield License Divisio Apply Now
Montana Motor Vehicle Dealer Title and Registration Bureau Apply Now
Montana Motor Vehicle Dealer Title and Registration Bureau Apply Now
Nebraska 50K Motor Vehicle Dealer Motor Vehicle Industry Licensing Board Apply Now
Nebraska 25K Motor Vehicle Dealer Motor Vehicle Industry Licensing Board Apply Now
Nebraska Motor Vehicle Dealer (K) Motor Vehicle Industry Licensing Board Apply Now
Nebraska Motor Vehicle Dealer (K) Motor Vehicle Industry Licensing Board Apply Now
Nevada Vehicle Industry Business License Bond Occupational and Business Licensing Apply Now
Nevada Vehicle Industry Business License Bond Occupational and Business Licensing Apply Now
Nevada Vehicle Industry Business License Nevada - Occupational and Business Licensing Apply Now
Nevada Body Shop or Garage Business License Bond Occupational and Business Licensing Apply Now
Nevada Specialty License Plate Bond Nevada Department of Motor Vehicles Apply Now
Nevada Vehicle Registration Program Bond Occupational and Business Licensing Apply Now
New Hampshire Motor Vehicle Dealer Division of Motor Vehicles - Dealer Licensing Bure Apply Now
New Hampshire Motor Vehicle Dealer Division of Motor Vehicles - Dealer Licensing Bure Apply Now
New Jersey Motor Vehicle Dealer Division of Motor Vehicles - Dealer Licensing Bure Apply Now
New Jersey Used Motor Vehicle Dealer Surety Division of Motor Vehicles - Dealer Licensing Bure Apply Now
New Mexico Vehicle Dealer or Auto Recycler Motor Vehicle Division Apply Now
New Mexico Vehicle Dealer or Auto Recycler Motor Vehicle Division Apply Now
New Mexico Title Service Company Bond Motor Vehicle Division Apply Now
New York Motor Vehicle Dealer Department of Motor Vehicles Apply Now
New York Automobile Brokers Bond Department of State Apply Now
New York Auto & Mobile Home Dealers (New & Used) Bond Obligee info for this request was wrong Apply Now
New York Motor Vehicle Dealer Department of Motor Vehicles Apply Now
New York Executive Law Article 21-B New York State Deaprtment of State Apply Now
New York Second Hand Vehicle Sales Town of Hempstead Apply Now
North Carolina Motor Vehicle Dealer Division of Motor Vehicles - License & Theft Burea Apply Now
North Carolina Manufactured Housing Dealers Dept of Insurance Division of Motor Vehicle Apply Now
North Carolina Motor Vehicle Dealer Division of Motor Vehicles - License & Theft Burea Apply Now
North Dakota Motor Vehicle Dealer Department of Transportation - Motor Vehicle Divis Apply Now
North Dakota Mobile Home and Manufactured Home Dealer Bond Department of Transportation Apply Now
North Dakota Motor Vehicle Dealer Department of Transportation - Motor Vehicle Divis Apply Now
Ohio Deputy Registrar Department of Public Safety - Bureau of Motor Vehi Apply Now
Oklahoma Wholesale Motor Vehicle Dealer's Bond Used Motor Vehicle & Parts Commission Apply Now
Oklahoma Used Motor Vehicle Dealer Used Motor Vehicle and Parts Commission Apply Now
Oklahoma Used Traile, Automobile, Merchandise Salvage or Se The City of Oklahoma City-Licensing Division Apply Now
Oklahoma Used Motor Vehicle Salesperson's Bond Used Motor Vehicle and Parts Commission Apply Now
Oklahoma Manufactured Home Manufacturer's Bond Used Motor Vehicle and Parts Commission Apply Now
Oklahoma Motor License Agent Bond Oklahoma Tax Commission Apply Now
Oregon Motor Vehicle Dealer Department of Transportation - Driver and Motor Ve Apply Now
Oregon Manufactured Structures Dealer Bond Department of Consumer & Business Services Apply Now
Oregon Dismantler or Rebuilder of Vehicles Department of Transportation - Driver and Motor Ve Apply Now
Oregon Motorcycles, Mopeds, Snowmobiles, ATV Dept of Transportation Driver and Motor Vehicle Se Apply Now
Oregon Disseminator Bond State of Oregon, Dept of Transportation Apply Now
Pennsylania Dealer/Agent/Messenger/Salvor Department of Transportation - Bureau of Motor Veh Apply Now
Pennsylania Dealer/Agent/Messenger/Salvor Department of Transportation - Bureau of Motor Veh Apply Now
Pennsylvania New, New & Used, Auto, & Mobile Home Dealers Dept of Transportation Apply Now
Pennsylvania SURETY BOND (Hauling) Commonwealth of Pennsylvania Apply Now
Pennsylvania Sales Finance Company Bond Pennsylvania Department of Banking Apply Now
Pennsylvania Official Inspection Station Certificate of Appoint Manager of the Vehicle Inspection Division Apply Now
Rhode Island Dealer's License Division of Motor Vehicles - Dealer's License & Re Apply Now
Rhode Island Dealer's License Division of Motor Vehicles - Dealer's License & Re Apply Now
South Carolina Motor Vehicle Dealer Department of Motor Vehicles - Dealer Licensing & Apply Now
South Carolina Motor Vehicle Dealer Department of Motor Vehicles - Dealer Licensing & Apply Now
South Dakota Vehicle Dealer Division of Motor Vehicles Apply Now
South Dakota Vehicle Dealer Division of Motor Vehicles Apply Now
State of Arizona Title Service Dealer Licensing Unit, Motor Vehicle Division Apply Now
Tennessee Motor Vehicle Dealer Motor Vehicle Commission Apply Now
Tennessee Dealer of Manufactured Homes Motor Vehicle Commissioner Apply Now
Tennessee Motor Vehicle Auction Motor Vehicle Commission Apply Now
Tennessee Motor Vehicle Dealer Motor Vehicle Commission Apply Now
Tennessee Motor Vehicle Auction Motor Vehicle Commission Apply Now
Tennessee Manufactured Home Stabilizing System Installer Bon Tennessee Motor Vehicle Commission Apply Now
Tennessee Modular Building Units Installer Bond STATE FIRE MARSHAL’S OFFICE Apply Now
Tennessee Modular Building Units Dealer Bond State Fire Marshal's Office - Codes Enforcement Apply Now
Texas Motor Vehicle Dealer Department of Transportation - Motor Vehicle Divis Apply Now
Texas Continuous Manufactured Housing License Dept of Housing and Conmmunity Affairs - MHD Apply Now
Utah Motor Vehicle Dealer, Crusher, Body Shop Motor Vehicle Enforcement Division Apply Now
Utah Motor Vehicle Dealer, Crusher, Body Shop Motor Vehicle Enforcement Division Apply Now
Utah Factory Built Housing Dealer Bond Division of Occupational an professional Licensing Apply Now
Vermont Motor Vehicle Dealer VT DOT - Agency of Transportation Apply Now
Virginia Motor Vehicle Dealer Motor Vehicle Dealer Board Apply Now
Virginia Motorcycle, Trailer or T&M Vehicle Dealer Department of Motor Vehicles Apply Now
Virginia Motor Vehicle Dealer Motor Vehicle Dealer Board Apply Now
Virginia Passenger Carrier/Broker Department of Motor Vehicles Apply Now
Virginia Extended Service Contract Provider/Obligor Vehicle Investment Protection, Inc. Apply Now
Virginia Household Goods Carrier Commonwealth of Virginia Apply Now
Washington Vehicle, Vessel, Vehicle Manufacturer, Department of Licensing Apply Now
Washington Vehicle, Vessel, Vehicle Mfgr, Reg Tow Truck Oper Department of Licensing Apply Now
Washington Vehicle, Vessel, Vehicle Mfgr, Reg Tow Truck Oper Department of Licensing Apply Now
West Virginia Motor Vehicle Dealer Division of Motor Vehicles - Dealer Services Apply Now
West Virginia Motor Vehicle Dealer Division of Motor Vehicles - Dealer Services Apply Now
Wisconsin Motor Vehicle Dealer Department of Transportation Apply Now
Wisconsin Motor Vehicle Dealer Department of Transportation Apply Now
Wyoming Motor Vehicle Dealer Department of Transportation - Motor Vehicle Servi Apply Now
Wyoming Motor Vehicle Dealer Department of Transportation - Motor Vehicle Servi Apply Now
Wyoming Wyoming Based Manufacturer Bond Wyoming Department Of Transportation Apply Now

Regardless of the type of auto dealer bond you need, it’s illegal to operate your business without it. Your license application will not be complete without one, and selling cars without a valid surety bond can lead to a fine and the revocation of your license.

How much does an auto dealer bond cost?

Depending on the state, the required motor vehicle dealer bond amounts can vary widely, from as little as $5,000, up to $100,000. But these amounts are only the maximum coverage bonds provide for claimants.

Your premium is a percentage of the total bond amount, usually between 0.75% and 3%. For example, а $50,000 bond will cost you anywhere between $375 and $5,000 per year.

Auto Dealer Surety Bond Cost

This is the standard market rate for applicants with good credit and a clean credit report. The cost for less qualified applicants goes up to 3%-10%. However, your premium also depends on other specifics, such as your professional experience, and the overall financial strength of your business. The better these factors are, the smaller the cost will be.

Below is a breakdown of dealer bond premiums, based on some commonly-required total amounts and the applicant's credit score:

Expected bond premiums based on credit score
Credit Score
Bond Amount 700 650 - 699 600 - 649 Below 599
$10,000 $100-$150 $100-$300 $250-$500 $500-$1,000
$20,000 $150-$300 $200-$600 $500-$1,000 $1,000-$2,000
$25,000 $188-$375 $250-$750 $625-$1,250 $1,250-$2,500
$30,000 $250-$500 $300-$900 $750-$1,500 $1,500-$3,000
$35,000 $262.5-$525 $350-$1,050 $875-$1,750 $1,750-$3,500
$50,000 $375-$750 $500-$1,500 $1,250-$2,500 $2,500-$5,000
$75,000 $560-$1,125 $750-$2,250 $1,875-$3,750 $3,750-$7,500
$100,000 $750-$1,500 $1,000-$3,000 $2,500-$5,000 $5,000-$10,000

Tips for reducing your premim

Check out our surety bond cost guide for more detailed information about bond prices, and what you can do to lower your premium. Some ways include:

  • Cleaning up credit report red flags, such as tax liens or civil judgments
  • Showcasing liquid assets and strong financials
  • Carefully choosing your surety bond provider
  • Demonstrating your industry experience

The surety bond cost calculator below can also help you get an estimate of your yearly premium. You can test how much of an impact a different credit score could have on your premium. Keep in mind that it provides only ballpark estimates. For an exact quote, simply submit our online application.

Surety Bond Cost Calculator

* This form is for a rough estimate only.

Your result

Ballpark Estimate Premium Range:
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* This form is for a rough estimate only. Factors such as public records, experience, bond form or location may affect yout surety bond rate.

Get a FREE exact quote

It's fast, free, and there's no obligation.

Getting Bonded with Bad Credit

If you have less-than-perfect credit, or even past bankruptcies, tax liens or civil judgments, Bryant Surety Bonds can still help you get bonded. We operate a bad credit surety bond program, which helps high-risk applicants get the bonds they need.

Call our surety agents at (866) 450-3412 and they’ll be happy to provide personalized advice on how you can build a strong application.

Application

Getting your bond is a straightforward process. You can apply online and get a quote in minutes, or call (866)-450-3412 and one of our auto dealer bond experts will guide you through the application process.

To get your exact bond price, you may have to supply a few required personal and financial details, such as:

  • Personal financial statements
  • Business financial statements
  • Ownership structure (sole proprietorship, LLC, corporation, etc.)
  • Proof of liquid asset ownership
  • Resumé

These may be necessary, so that the surety bond company can make a better assessment of your business’s likelihood of triggering and paying back claims. So if you have good financials and liquid assets, such as cash on hand, demonstrating them can lower your bond costs. The same is true for your industry experience: a resume that shows you’re seasoned in the industry is a strong signal of trustworthiness.

Start your surety bond application today! Why us?
  • Quick turnaround - just 1-2 business days
  • Tailor-made advice on building a strong application
  • Exclusive bad credit programs

Renewal Deadlines

Some states don't have pre-determined expiration dates for their motor vehicle dealer bonds. In these cases the bonds are usually valid for one year since the issue date. Others states have a fixed expiration date, meaning dealers must make sure they renew their bonds prior to that date. To stay up-to-date, check out the dates for your particular state below.

Bond Renewal Deadlines by Month
March 31st Dealers in New Jersey and New Mexico renew their bonds before March 31st each year, whereas Georgia dealers only need to do it on even years.
April 30th Florida dealer bonds expire on that date each year.
June 30th Bond renewal is due before June 30th for West Virginia car dealers.
September 30th Renewal deadline for all Alabama dealers.
December 31st Dealer bonds expire on December 31st for the followings states: Illinois, Kansas, Louisiana, Missouri, Montana, Nebraska, Oklahoma, Rhode Island.
Other deadlines Other non-continuous dealer bonds don’t have a fixed date, but they do have expiration dates nonetheless. Oregon dealer bonds, for example, are valid for 3 years and expire on the last day of the month they were issued. The same is true for Texas and Tennessee dealer bonds, though their validity is 2 years.

Renewal Application

The renewal application is similar to the initial application but shorter. You’ll get a new quote, which may be lower if your financial or credit situation has improved over the past year.

If you have acquired your dealer bond with Bryant Surety Bonds, we make sure you never forget a deadline by sending several reminders– 30, 60 and 90 days ahead of the deadline. It is advisable to renew your bond as early as possible. You may have to pay late or reinstatement fees if you miss your deadline, or you may have to start the application process from the beginning.

Below are some of the most commonly requested car dealer bonds.

Texas

All Texas dealers need to post a $25,000 bond and pay premiums once every two years.

Florida

The Department of Highway Security requires a $25,000 dealer bond from all licensed dealers in the state.

California

Retail dealers need a $50,000 bond, while the amount goes down to $10,000 for motorcycle, all-terrain and wholesale-only dealers.

Georgia

Used-car dealers in the state need to have a valid $35,000 bond. For used car parts dealers the amount is $10,000.

New York

Both new and used-car dealers need a surety bond to get licensed, however the amounts are different. Used-car dealer bond amounts can be either $20,000 or $100,000, while bonds for franchised dealers are fixed at $50,000.

Illinois

The process of getting licensed as a designated agent in Illinois involves posting a $20,000 surety bond.