All 50 states

Dealer bond requirements by state

Every state requires a surety bond before it issues a dealer license. The amount is set by statute, so it is not negotiable and not a matter of opinion. Here is what each state requires.

The figure below is the bond amount, not your cost. You pay a percentage of it once a year. Run your number through the calculator to see the premium.

Alabama $50,000 Alaska $25,000 to $100,000 Arizona $20,000 to $100,000 Arkansas $25,000 to $50,000 California $10,000 to $50,000 Colorado $5,000 to $50,000 Connecticut $60,000 Delaware $25,000 Florida $25,000 Georgia $35,000 Hawaii $10,000 to $200,000 Idaho $20,000 Illinois $50,000 Indiana $25,000 Iowa $75,000 Kansas $30,000 to $50,000 Kentucky $100,000 Louisiana $20,000 to $50,000 Maine $25,000 Maryland $15,000 to $300,000 Massachusetts $25,000 Michigan $25,000 Minnesota $50,000 Mississippi $15,000 to $100,000 Missouri $50,000 to $100,000 Montana $5,000 to $50,000 Nebraska $50,000 to $75,000 Nevada $10,000 to $100,000 New Hampshire $25,000 New Jersey $10,000 New Mexico $12,500 to $50,000 New York $20,000 to $100,000 North Carolina $50,000 North Dakota $10,000 to $50,000 Ohio $75,000 Oklahoma $25,000 to $50,000 Oregon $10,000 to $50,000 Pennsylvania $20,000 to $30,000 Rhode Island $50,000 South Carolina $15,000 to $50,000 South Dakota $5,000 to $25,000 Tennessee $50,000 Texas $50,000 Utah $10,000 to $75,000 Vermont $20,000 to $35,000 Virginia $50,000 Washington $30,000 West Virginia $25,000 Wisconsin $50,000 to $100,000 Wyoming $25,000