1. Start Your Application
2. Receive Your Free Quote
3. Buy Your Surety Bond
How Much Does a North Dakota Motor Vehicle Dealer Bond Cost?
A North Dakota motor vehicle dealer bond costs between $250 and $2,500. The state’s motor vehicle dealer bond requirement is $25,000. Additional bond requirements are established for trailers, motor-powered recreational vehicles and manufactured or mobile home dealers. These bonds cost between $100 and $5,000.
As an authorized North Dakota surety company, we sell all types of dealer bonds at a premium rate. Instead of paying the full bond amount, you will be responsible for a 1% to 10% premium. Bond rates are based on the applicant’s credentials, credit scores and assets.
Most credit scores qualify. With a 700 score or better, the premium rate will be 1% to 3%. With a 600 to 699 score, the rate will be between 3% to 5%. With a lower score, the rate will fall between 5% and 10%.
Surety Bond Cost Based on Credit Score |
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Surety Bond Name |
Surety Bond Amount |
Over 700 |
Between 600 - 699 |
Below 599 |
North Dakota Motor Vehicle Dealer Bond |
$25,000 |
$250 - $750 |
$750 - $1250 |
$1250 - $2500 |
North Dakota Trailer Dealer Bond |
$10,000 |
$100 - $300 |
$300 - $500 |
$500 - $1000 |
North Dakota Motor-Powered Recreational Vehicle Dealer Bond |
$10,000 |
$100 - $300 |
$300 - $500 |
$500 - $1000 |
North Dakota Mobile Home and Manufactured Home Dealer Bond |
$50,000 |
$500 - $1500 |
$1500 - $2500 |
$2500 - $5000 |
How to Get a North Dakota Motor Vehicle Dealer Bond
1. Apply for Your North Dakota Motor Vehicle Dealer Bond
We have been providing bonds to our North Dakota customers for over a decade through our streamlined process. To begin, take a couple of minutes to complete the online application. Our bond experts are standing by to assist you if you have questions.
Our new customer, Will, contacted us recently to buy a motor vehicle dealer bond. While his credit rating was fair, he got an instant quote after applying through our website. Will was thrilled with how fast and easy our process was, and he quickly finalized his dealer license application with the state.
2. Review Your Motor Vehicle Dealer Bond Quote
Most of our customers in North Dakota receive a quote immediately after submitting the online bond application. More complex applications require greater review. In these cases, a quote is available in 48 hours or less.
3. Pay the Bond Premium Online
The final step in our easy process is to make your bond’s premium payment through our online portal. After doing so, you will receive your bond document via email. If requested, we are happy to mail the bond to you as well.
We are committed to providing each of our customers with a simple, hassle-free experience. If you have questions or need assistance, we are happy to help. Please contact us or call us at (877) 514-5146 to reach one of our bond experts.
Motor Vehicle Dealer License Bond Requirements in North Dakota
North Dakota requires motor vehicle dealer license applicants to have a $25,000 surety bond. Other dealers must comply with licensing bond requirements as well. For example, manufactured and mobile home dealers need a $50,000 bond. Trailer and motor-powered RV dealers need a $10,000 bond.
Dealer Services at the North Dakota Department of Transportation is the authority for all types of dealer licenses and bond requirements. While separate bond forms are used for the different licenses, all forms list the obligee as the State of North Dakota.
These bonds are continuous, but they can be canceled by the surety company. The surety must provide a 30-day written notice via certified mail to the principal and the DOT to cancel the bond. The principal is responsible for providing a replacement bond to the DOT prior to the cancellation date.
While the bond is continuous, its obligation is renewed annually with the license renewal. The aggregate liability for each annual license period is limited to the bond’s sum.
How to Renew & Maintain Your Motor Vehicle Dealer Bond in North Dakota
To comply with Title 39 of the North Dakota Century Code, an active bond is required for licensing. The dealer’s license is subject to suspension if the bond is not maintained.
The motor vehicle dealer bond’s premium is due annually and is required for bond maintenance. We help our customers keep up with this aspect of bond maintenance by providing renewal payment instructions annually.
What Happens If Someone Files a Claim in North Dakota?
In order to file a claim against a dealer’s surety bond, the claimant must directly contact the surety company. A thorough investigation is then conducted by the surety company. If the investigation's findings do not support the claim, the claim is denied.
If the claim is supported, the surety company will provide compensation to the claimant up to the bond’s penal sum. After the payment is made, the dealer is then liable for compensating the surety company in full for the payout.
How to Get Your Motor Vehicle Dealer License in North Dakota
The North Dakota dealer license guide is your source for more information. When applying for a dealer license with the North Dakota Department of Transportation, you must submit the following items:
- Dealer application
- Surety bond
- Approved business location with signage and a business phone number
- Dealer plate(s)
- Liability insurance
- Application and site inspection fees
For additional information and to submit the motor vehicle dealer licensing documentation, contact:
North Dakota Department of Transportation
608 E. Boulevard Ave.
Bismarck, ND 58505
Phone: (701) 328-2500
It's FREE. No Obligations. Approval in Minutes.
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What Our Clients Have To Say?
Quick response times and turn around for issuing bonds. Great customer service and very knowledgeable. We have used Lance Surety multiple times and have never been disappointed. Highly recommend them and Collette!
Long story short, these guys cut through the B.S. and get the job done. Responsiveness, excellent! Communication, excellent! Respect for their industry partners, excellent! John, Collette, Ryan, you're all-stars! Thank you!
We decided for Lance Surety Bond's quote for 2 reasons; Price and Customer Service. Our Representative Ryan was just SUPERB!! [...] I highly recommend Lance Surety Bond for all your Bonding needs! I'll definitely come back for all of mine. :-) Thanks Ryan!
Quick response times and turn around for issuing bonds. Great customer service and very knowledgeable. We have used Lance Surety multiple times and have never been disappointed. Highly recommend them and Collette!
Long story short, these guys cut through the B.S. and get the job done. Responsiveness, excellent! Communication, excellent! Respect for their industry partners, excellent! John, Collette, Ryan, you're all-stars! Thank you!
We decided for Lance Surety Bond's quote for 2 reasons; Price and Customer Service. Our Representative Ryan was just SUPERB!! [...] I highly recommend Lance Surety Bond for all your Bonding needs! I'll definitely come back for all of mine. :-) Thanks Ryan!