Alaska
Motor Vehicle Dealer Bond

400,000+ Bonds issued to 250,000+ satisfied customers.

Coverage Amount: $25,000 - $100,000

Term Length: 1 year

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Alaska Motor Vehicle Dealer Bond Overview

Purpose: To ensure licensed motor vehicle dealers conduct business legally
Who Needs It: Anyone licensed to sell motor vehicles in Alaska
Regulating Body: The Alaska Division of Motor Vehicles
Bond Amount: $100,000 for standard dealers, $25,000 for motorcycle dealers
Minimum Price: 1% starting premiums; credit-based

What Is an Alaska Motor Vehicle Dealer Bond?

Alaska motor vehicle dealer bonds ensure car dealers follow license laws and conduct business according to State Laws. This bond protects the public from potential loss due to violations or malpractice.

Who Needs a Motor Vehicle Dealer Bond?

The Alaska Division of Motor Vehicles (DMV) requires all licensed motor vehicle dealers to have a surety bond. Standard dealers need a $100,000 bond and motorcycle dealers need $25,000 coverage.

How Much Do Motor Vehicle Dealer Bonds Cost in Alaska?

Alaska dealer bond premiums start at 1% of the bond coverage amount. Rates are based on credit score and sometimes other financial factors.

Motorcycle dealer bonds start at $250, and standard dealer bonds start at $1,000. You can also save 25% by selecting a multi-year term. Get your free quote today.

Bond Type

Cost

$25,000Motor Vehicle Dealer BondMotorcycle Dealers

Starts at $250

$100,000Motor Vehicle Dealer Bond

Starts at $1,000

SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.

How Does an Alaska Motor Vehicle Dealer Bond Work?

When you get a motor vehicle dealer bond, you enter a three-party agreement.

Bond Party	Description
1. Principal	You, the licensed auto dealer
2. Obligee	The Alaska DMV
3. Surety	The issuing surety provider

You, as the principal, promise to run your business according to Alaska law. If you don’t, and a claim is filed on the bond, the surety pays harmed parties. Then, you must reimburse the surety.

How Do I Get a Motor Vehicle Dealer Bond in Alaska?

To get your dealer bond, follow these five simple steps:

Select the bond you need
Provide personal and dealership information
Apply for a quote
Pay the premium at checkout
File with the DMV

How Fast Can I Get My Bond?

Alaska auto dealer bonds require underwriting. It can take up to one business day to get your personalized quote. After purchasing your bond, you’ll receive your form within minutes via email!

If you can’t find your bond form in your inbox, double check your spam folder.

How Do I File My Bond?

Submit your bond with your dealer license application to the following address:

Alaska Division of Motor Vehicles

Dealer Services

4001 Ingra Street, Ste 101

Anchorage, AK 99503

Can I Get Bonded With Bad Credit?

We work with a variety of surety markets to approve 99% of applicants. If you’re worried about qualifying, read about our Bad Credit Bonding Options or ask your surety representative about premium financing options.

How Do I Renew My Bond?

Motor vehicle bonds expire annually, unless you select a multi-year term. You’ll receive periodic email and text reminders starting 90 days before the expiration date.

Renew online or over the phone by calling 1(800)308-4358.

How Do I Update My Bond Information?

If you need to update basic bond form information, we can often issue a bond rider. Larger updates may require a new bond. Contact us about your change request: