The New Mexico Certificate of Title Surety Bond is required by the New Mexico Department of Motor Vehicles. The bond does not protect you; it actually protects the Department from you, in case someone with the title claims that the vehicle is theirs. In addition, it protects past and future owners of the car, as well as the public.
Who needs a Certificate of Title Bond?
When applying for a title and you don’t have the required proof of ownership documents to obtain a title in your name, you can obtain a Certificate of Title bond and receive a Certificate of Title from the DMV.
What is the Bond Amount?
If you do not know how much your Certificate of Title Bond needs to be, you must contact the DMV to find out. Surety companies do not know the amount, only the DMV does. You cannot fully complete our application and we cannot write your bond until the DMV tells you how much the bond amount is.
New Mexico requires two times the value of the vehicle determined by NADA average trade in value.
How do I get a New Mexico Certificate of Title Bond?
At Surety1 you can be assured of the lowest rates as we have partnered with over a dozen A-rated surety markets. We have friendly agents who are willing to answer all your queries and give you only the best service.
First, start the process by completing our easy to navigate, free online application form. Then, after your application has been submitted, one of our surety agents will contact you with a no-obligation quote on the bond premium. After that, once you are ready to move forward, you just need to pay the premium and sign the agreement. Lastly, your New Mexico Certificate of Title bond will be mailed to you by USPS Priority Mail. Overnight delivery is also available for an additional fee.
Surety1 has been in the business since 2003. We are licensed in all 50 states. As a result, our services have earned an A+ rating from the Better Business Bureau.