Date Published: March 7, 2014

The State of Florida requires all motor vehicle dealers to provide a $25,000 surety bond. the bond has a statutory renewal date of April 30. Now is a good time to re-shop your bond.  The surety companies that underwrite this type of bond are filing new lower rates and underwriting requirements have also been relaxed by many of the major surety companies. The bond protects the State and is to guarantee that a Florida Dealer:

  • Shall fully comply with the conditions of any written contract made by him as florida-license-plate1such dealer in connection with the sale or exchange of any motor vehicles.
  • Shall pay or cause to be paid to any person in a retail or wholesale transaction any loss or damages which such person shall sustain as a result of any failure to comply with the conditions of any  written contract made by such dealer in connection with the sale or exchange of any motor vehicle.
  • Full compliance with Chapter 319 or 320, Florida Statutes.

Surety1 has great markets for this bond and can usually provide a quote from a number of the 18 markets it represents in less than 24 hours. The cost of this surety bond can be less than 1%, if all underwriting conditions are met. Click Here to Apply Today! 

How to Get Bonded

1. Apply Online
Using our Free & Secure Application
2. Get Your Free Quote
Applications are No-Obligation
3. Get Your Bond
Most Bonds are Approved in 1-2 Business Days

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Surety1 was founded in 2003 and helps thousands of clients find the best prices on their surety bonds. We take pride in our work so that we can give you great service. Learn more about Surety1.

Get started with the bond application process today.

Most bonds are fully processed within 1-2 business days. In some cases, you'll hear back from Surety1 within hours!