Minnesota Motor Vehicle Dealer Bond | #1 Surety Agency for MVD Bonds

Minnesota Motor Vehicle Dealer Bond

The state of Minnesota requires auto dealers to acquire a motor vehicle dealer bond to operate legally within the state.

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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:

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What is a Minnesota Motor Vehicle Dealer Bond?

Many states in the U.S. require licensed auto dealers to obtain a surety bond as a part of their licensing requirements. Such is the case in Minnesota.  The state requires all auto dealers renewing or applying for a dealer license to post a motor vehicle dealer bond. The bond provides protection to the state, consumers, and others from illegal actions committed by auto dealers.

Get started by reaching out to one of our knowledgable agents or by filling out our online application.



Bonding Solutions | Minnesota Motor Vehicle Dealer Bond
Bonding Solutions | Minnesota Motor Vehicle Dealer Bond
Bonding Solutions | Minnesota Motor Vehicle Dealer Bond

How much will my Minnesota Motor Vehicle Dealer Bond cost?

Generally, these bonds are issued at 0.5% – 1% annually. However, an underwriter will need to review your application before offering terms. Credit score and experience are both underwriting consideration when determining the cost of the bond.

Bond amounts:

Motor Vehicles (automobiles) – $50,000

Motor Vehicle Dealer Bond (boat, snowmobile, horse trailer, motorized bicycle / moped) – $5,000

Why is a Minnesota Motor Vehicle Dealer Bond required?

A motor vehicle dealer bond assures 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.

How do I get started?

Getting started is easy. begin by filling out our application. Accept quoted terms and pricing. Lastly, pay for your bond and we ship the bond the same day.

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Additional Resources

Minnesota State Dealer Statutes – 168.27 Motor Vehicle Dealers

Minnesota Licensing Website

Minnesota Bond Form

Surety Bond List

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Call us today to speak to a Surety Bond Specialist

(877) 841-6745