State by State Guidelines for Auto Dealer Bonds

State by State Guidelines for Auto Dealer Bonds

Requirements for Used Motor Vehicle Dealer Surety Bonds in States We Serve

One of the most important elements to remember with surety bonds for car dealerships, is that the regulations vary on a state by state basis. There are no standards between them, although you’ll find there are certainly some similarities.

Overall though, the guidelines can be quite different from one state to the next. That’s important for you to note based on your own local area. But also, for dealership chains which stretch across state boundaries, you need to make sure you’re up to date in every locale appropriately.

USA Commercial Insurance now proudly works with half a dozen different states in the southeastern US. Find a quick roundup of important facts on the motor vehicle surety bonds needed in each of those six states here. If you have any questions or need to get a new bond or a renewal, then call us NOW 407 889 2612 for a free quote today.

Alabama Dealer Bonds

  • $25,000 Bond for new dealers
  • $10,000 Bond for used dealerships
  • $25,000/$50,000/$25,000 Vehicle Liability Insurance

Florida Motor Vehicle Dealer Bonds

  • $25,000 Bond
  • One Year Renewal Term
  • Different dates based on license; used car dealerships expire April 30th

Georgia Dealer Bonds

  • $35,000 Bond
  • Two Year Renewal Term
  • Expire March 31st in even-numbered years

Louisiana Dealer Bonds

  • $20,000 Bond for dealerships who sell less than 120 vehicles in 12 months
  • $35,000 Bond for dealerships over 120 per 12 months
  • Two Year Renewal Term
  • Expire December 31st
  • $55,000 Garage Liability minimum

Mississippi Car Dealer Bonds

  • $25,000 Bond
  • One Year Renewal Term
  • $100,000 Bond Available for Multiple Dealership Locations

Tennessee Dealer Bonds

  • $50,000 Bond
  • Two Year Renewal Terms
  • Expire last day of month of issuance
  • $300,000 Garage Liability minimum per incident