Ignition Interlock Installer Bond Guide
Several states require companies that install ignition interlock devices to file a surety bond as a licensing requirement. Learn how these bonds work, where to get one, and how much they cost in this guide.
Bond Overview
- Purpose: To protect the public from harm due to faulty ignition interlock device installation
- Who Needs It: Ignition interlock system installers in several states
- Required Amount: $10,000–$50,000, varies by state
- Premium Rates: Typically 1% of the total bond amount, credit-based
What Are Ignition Interlock Installer Bonds?
An ignition interlock system installer bond is a type of surety bond required for companies that install ignition interlock devices. It serves as a financial guarantee that the installer will comply with regulations and properly install these devices.
What Is the Purpose of an Ignition Interlock Installer Bond?
Ignition interlock system installers need a surety bond as part of the licensing process in several states (Minnesota, New Mexico, New Jersey, Utah and Georgia). These bonds act as financial guarantees, ensuring installers adhere to local laws and fulfill their responsibilities to the public. They protect drivers and the public from faulty or decertified ignition interlock providers.
How Ignition Interlock System Bonds Work
An ignition interlock installer bond binds three parties in a legal contract:
- Obligee: The government agency requiring the bond
- Principal: The ignition interlock installer purchasing the bond
- Surety: The provider issuing the bond and backing the installer’s obligations
If an installer becomes insolvent, fails to install compliant systems, or provides inaccurate measurements, the surety company will reimburse harmed parties for valid claims up to the bond amount. However, the installer must refund the surety for any payouts.
How Much Does an Ignition Interlock System Installer Bond Cost?
An ignition interlock system surety bond generally costs 1% of the bond limit, with premiums starting as low as $100. Your exact premium may vary based on creditworthiness and state regulations. Select your state below to get an exact quote.
How Do I Get an Ignition Interlock Installer Bond?
SuretyBonds.com provides the fastest and easiest way to get an ignition interlock system installer bond. Just follow these three steps:
- Apply online at SuretyBonds.com
- Get a free quote within one business day
- Purchase your bond online or over the phone
Once you receive your physical or digital bond form, file it with the obligee to become officially bonded.
