Alabama New Motor Vehicle Dealer Surety Bond
We write $50,000 New Motor Vehicle Dealer Bonds in Alabama.
Our GOOD CREDIT price is $350.
***Effective on October 1st, 2020 the bond amount required of Designated Agents will increase from $25,000 to $50,000.***
Alabama New Motor Vehicle Dealer Bonds are required by the Alabama Department of Revenue. The required bond amount is $50,000.00. br>
Most applicants with good credit will qualify for rate indicated. In order to receive your specific quote, we must review your qualifications to determine the lowest possible price. If you have already been declined or nonrenewed by another Surety Company, chances are you will not qualify for this preferred rate.
We have various sureties willing to write bonds for applicants with less than perfect credit, including a special program with very competitive prices for those with just a few credit blemishes.
We find the best possible price for your surety bond given your particular qualifications.
Additional information about this corporate surety bond requirement is as follows:
Obligee - Alabama Department of Revenue
Bond Amount - $50,000.00
Bond Premium - $350.00
Renewal Document - Renewal Bond required
Completing our application allows the underwriters at BondAbility to provide you with a specific quote for the exact bond you need. After you submit our online application, we will respond with your personalized quote within the hour!
Prices displayed here are an indicator and an estimate of the price we can obtain for qualified applicants. Applications must be reviewed to determine your specific quote.