We are a surety only agency that thrives on creating an unbeatable client experience! Our industry leading bond volume allows us to create programs that can be tailored to each individual client, getting them their bond faster at the cheapest cost! Below are a few reasons our clients love to work with us:
Most states require licensed dealers to obtain a surety bond as a part of licensing requirements. Such is the case in Michigan. The state requires all auto dealers renewing or applying for a dealer license to post a $10,000 motor vehicle dealer bond. This bond protects the state, consumers, and others from unethical actions committed by licensed dealers.
Get started by reaching out to one of our knowledgable agents or by filling out our online application.
Generally, we can issue these bonds at $100 (1% rate) annually. However, an underwriter will need to review your application before offering terms.
Motor vehicle bonds assure the public, state, and other parties that a licensed dealer will adhere to state laws and licensing regulations. If someone is impacted by a bonded dealer’s unethical behavior, they can make a claim against their surety bond.