Many states use different bond requirements for wholesale dealers, retail dealers, brokers, or other license types. The right bond depends on the license you are applying for and the amount required by your state.

You usually pay a bond premium, not the full bond amount. The price depends on the state-required bond amount, your business details, and underwriting factors such as credit for higher bond amounts.

Many auto dealer bonds can be quoted and issued the same day after you complete the application. Some larger bonds or applications that require underwriting review may take longer.

Credit can affect the price for many auto dealer bonds, especially higher bond amounts. Requirements vary by state, bond amount, and carrier.