Illinois Vehicle Registration Bond

An Illinois Vehicle Registration Bond is a type of surety bond required by the Illinois Secretary of State, Vehicle Services Department. The bond am also be referred to as:

• Illinois Schedule Bond – 2nd Division Motor Vehicles Bond
• Second Division Motor Vehicles Installment Surety Bond
• Schedule Bond for Registered Motor Vehicles
• IRP Bond

Click Here to Apply 

The surety bond is required for the following:

• Owners of second division motor vehicles who are registering for either the International Registration Plan (IRP) or the Fiscal plan.
• Owners of second division motor vehicles who are paying their registration fees in installments.

Second division motor vehicles are those that are used for the following purposes:

• Commercial purposes, such as transporting goods or passengers for hire.
• Recreational purposes, such as camping trailers and RVs.
• Agricultural purposes, such as farm trucks and tractors.

The Illinois Vehicle Registration Bond amount is $500 for each motor vehicle listed on the bond schedule. The bond guarantees that the vehicle owner will pay all required registration fees, including penalties and interest, on time and in full. If the vehicle owner fails to pay their registration fees, the surety company that issued the bond will be responsible for paying the fees to the Illinois Secretary of State. The surety company will then pursue the vehicle owner for reimbursement.

Here are some examples of who might need to obtain an Illinois Schedule Bond – 2nd Division Motor Vehicles Bond:

• Trucking companies
• Bus companies
• Delivery companies
• Construction companies
• Farmers
• RV owners
• Camper trailer owners

If you are unsure whether you need to obtain this bond, you can contact the Illinois Secretary of State, Vehicle Services Department for assistance.

The Illinois Schedule Bond – 2nd Division Motor Vehicles Bond is required by the Secretary of State. The bond requires a minimum bond amount of $500, and the final amount is to be determined by the Secretary of State.

How to get a Illinois Vehicle Registration Bond

At Surety1.com we make it easy to obtain this surety bond. Our simple, three step process is:

1. Complete the easy to navigate and secure online application. ¹
2. Review the free, no obligation quote from one of Surety1’s professional surety bond agents, usually within one business day.
3. Sign some paperwork and pay the bond premium

Once these steps have been completed, the Surety Bond will be shipped to the bond applicant.
^{1 -The name of the applicant on the surety bond application must match exactly the full legal business name of applicant for the license.} 

Surety1.com is a service of AssuredPartners one of the largest and fastest growing insurance agencies in the nation. Representing over a dozen surety bond companies, Surety1.com is the premier online provider of surety bonds nationwide since 2003.

About Surety1.com
Contact Surety1