Motor Vehicle Dealer Bond in Alaska

What this bond requires in Alaska

Alaska requires a $100,000 surety bond for all active motor vehicle dealers, with a reduced $25,000 bond for motorcycle-only dealers. The bond is filed on the DMV-prescribed form (Dealer Bond) and submitted to Vehicle Services in Anchorage. Bond increase from $50K to $100K took effect 9/1/2021 under HB 36.

Who requires it

The motor vehicle dealer bond is required by the Alaska Division of Motor Vehicles (Department of Administration) under AS 45.25 (Motor Vehicle Dealer Act); bond increase implemented via HB 36 (2021).

How to file in Alaska

Applicants complete the DMV Motor Vehicle Dealer/Buyer Agent Surety Bond form and submit it with the dealer license application to the Alaska DMV Vehicle Services office in Anchorage. The bond must be issued by a surety authorized in Alaska and remains in effect until cancelled by the surety; cancellation results in license suspension.

Official filing form →

Get a real motor vehicle dealer bond quote for Alaska

Your bond type and state will be pre-filled. No upsell, no pressure.

FAQ

Common questions

Is a motor vehicle dealer bond required in Alaska?

Yes. Alaska requires motor vehicle dealer bonds issued by an admitted surety. The required amount is $25,000 to $100,000.

How much is the bond in Alaska?

The bond amount is $25,000 to $100,000. Your annual premium is a small percentage of that, based on credit and experience.

Who requires the bond?

The bond is required by the Alaska Division of Motor Vehicles (Department of Administration).

How is the bond filed?

Applicants complete the DMV Motor Vehicle Dealer/Buyer Agent Surety Bond form and submit it with the dealer license application to the Alaska DMV Vehicle Services office in Anchorage. The bond must be issued by a surety authorized in Alaska and remains in effect until cancelled by the surety; cancellation results in license suspension.

What does the bond cover?

Surety bonds protect the obligee, not the principal. If you fail to meet the obligation the bond guarantees, the surety pays the claim and recovers from you.

Is a surety bond the same as insurance?

No. Insurance protects you. A surety bond protects whoever required the bond. You repay the surety for any claim they pay.