Illinois Designated Agent / MVD Bond

Illinois Designated Agent / MVD Bond

We write $50,000 Designated Agent / Motor Vehicle Dealer Surety Bonds in Illlinois.
Our GOOD CREDIT price is $460.00.

Click for a No Obligation Quote

Illinois Designated Agent for Vehicle Dealers Bonds are required by the Illinois Secretary of State - Dealer Licensing Section. The required bond amount is $50,000.00. These bonds expire December 31st of every year. Vehicle dealers must be bonded for the first 60 consecutive months of business operations as long as they have not been delinquent or deficient in the transmittal of title/registration fees or taxes.

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 - Illinois Secretary of State - Dealer Licensing Section
Bond Amount - $50,000.00
Bond Premium - $460.00
Renewal Document - Renewal Bond required.

Preview Bond Form

Click on the No Obligation Quote button to complete our simple, one-page online bonding application. Completing the following 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!

You are applying for a $50,000 IL Motor Vehicle Dealer Surety Bond.
A free quote will be emailed to you within minutes!

I am an ...

Most Obligee's require that the name on the Bond EXACTLY match your license or license application.
Type of Entity
Which of the following best describes your business?
Has the business or any of the owners been involved in:

If there are documents that you would like to upload for our review, please upload them below

By submitting this Application, the owners listed above hereby authorize BondAbility, (including any of its representatives affiliates, agents or designees) to conduct any and all investigative inquiries including but not limited to obtaining consumer credit reports. Any person who knowingly and with intent to defraud any insurance company or other person files an application for insurance or statement of claim containing any materially false, incomplete, or misleading information, or conceals information concerning any material fact whereto, commits a fraudulent insurance act, which is a crime punishable by incarceration, and shall also be subject to civil penalties