Montana Motor Vehicle Dealer Bond
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How much does a Montana motor vehicle dealer bond cost?
Montana motor vehicle dealer bond costs vary depending on which auto dealer license type you need. Your exact premium will be provided after a quick application review. Apply now to get your free, personal dealer bond quote!
- Annual premiums for the $5,000 Motorboat, Personal Watercraft, Snowmobile, or Off-Highway Dealer Bond start at $100.
- Annual premiums for the $15,000 Motorcycle and Quadricycle Dealer Bond start at $150.
- Annual premiums for the $50,000 New or Used Dealer, Broker, Wholesaler, Auto Auction, or Manufactured Dwelling Bond start at $375.
How do you get a Montana auto dealer bond?
You can apply for your free Montana auto dealer bond quote online 24/7. Simply select which dealership license you need and provide the following information for Department of Motor Vehicles approval.
- dealer/dealership name
- dealership mailing address
- dealer license number, if available
Your official auto dealer bond will be delivered by email once your order has been processed.
How fast can I get a motor vehicle dealer bond?
Our industry-leading technology and responsive customer service team allow us to offer free quotes and deliver your official Montana motor vehicle dealer bond faster than any other surety company. Orders placed by 4 PM CST Monday-Friday are typically processed with same-day emailed bond delivery.
If you have questions about the Montana dealer bond requirement or your application, call 1 (800) 308-4358 to speak with a friendly surety expert. We're here to guide you through the dealer bond process so you can get back to running your business.
What is a Montana motor vehicle bond?
Montana Code Annotated Title 61 Chapter 4 Part 1 requires individuals to file and maintain a surety bond before being approved for professional business licensing in the state. By filing this bond, a licensed dealer agrees to operate their business according to Montana law. If they fail to do so, any person affected by the unlawful conduct can file a claim against the bond once they've received a court judgment outlining the specific loss or damage amount. The issuing surety company will pay valid claims up to the full bond amount, which the bonded dealer must then reimburse.
Who needs a Montana auto dealer bond?
This surety bond form covers the following state license types as required by Montana Code Annotated.
- Motorboat, personal watercraft, snowmobile, and off-highway vehicle dealer licensing requires a $5,000 bond amount.
- Motorcycle and quadricycle dealer licensing requires a $15,000 bond amount.
- New or used dealer, broker, wholesale, auto auction, and manufactured dwelling dealer licensing requires a $50,000 bond amount.
The Montana dealer bond is required for professional business licensing. If you're trying to register a vehicle with a missing title, you need a separate Montana certificate of title bond.
Who regulates licensing for motor vehicle dealers?
The Montana Department of Justice Motor Vehicle Division enforces the state's auto dealer licensing regulations, including the surety bond requirement. If you have questions about which bond amount you need or the status of your dealer license application, you can contact the MVD by calling 1 (406) 444-3961 or emailing [email protected].
How do I update or change my motor vehicle dealer bond?
If the Montana Department of Justice requires your auto dealer surety bond documentation to be updated for any reason, contact your surety provider. If you purchased your Montana surety bond from SuretyBonds.com, email [email protected] to explain the needed change.
The most common changes requested are updating:
- dealer/dealership name
- dealership mailing address
- dealer license number
How do I renew my auto dealer surety bond?
You should renew your Montana auto dealer surety bond before its current 1-year term expires. Once you pay your SuretyBonds.com renewal invoice, renewal instructions will be emailed to you to keep your car dealer bond active for your next license term.
How do auto dealers apply for a license in Montana?
Montana auto dealer license applicants must submit the following documents before a dealer license will be issued.
- dealer license application
- dealer inspection form or manufactured home dealer inspection form
- dealer surety bond
- general liability insurance
- written verification from an authorized representative of the local land-use or zoning board confirming the business location complies with zoning requirements
- franchise letter (franchise dealers only)
Applicants must return the completed documents along with the payment of fees to the Vehicle Services Bureau via email to [email protected], fax: (406) 444-0116, or mail: VSB 302 North Roberts Street, Helena, MT 59620.
Have Questions?
Call 1 (800) 308-4358 to talk with a Surety Expert today.
