Connecticut Special Supplemental Dealer or Repairer Bond Guide
Learn how to get your special supplemental repairer or dealer bond in this guide.
Bond Overview
- Purpose: To ensure compliance with state and federal laws
- Who Needs It: Special supplemental dealers and repairers in Connecticut
- Regulating Body: The Connecticut Department of Motor Vehicles (DMV)
- Required Coverage: $25,000 for repairers, $250,000 for repairers
- Premium Rate: Start at 1%, credit-based
What Is a Connecticut Special Supplemental Dealer or Repairer Bond?
Under 14-52 of Connecticut General Statutes, special supplemental vehicle repairers and auto dealers need a license to operate in the state. The DMV requires a surety bond for financial security in the licensing process.
If you are a regular or limited dealer/repairer, visit our Connecticut auto dealer, repairer or leasing company bond page.
How Much Do Special Supplemental Repairer or Auto Dealer Bonds Cost?
The bond premiums are based on personal credit score. Rates start at 1% for applicants with strong credit. For example, you could pay just $250 for the $25,000 Connecticut supplemental repairer bond.
Request your free bond quote now.
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Does a Connecticut Special Supplemental Repairer or Dealer Bond Work?
A Connecticut supplemental dealer or repairer bond creates a financial guarantee and contract between three parties:
- Principal: The licensed dealer or repairer
- Obligee: The Connecticut Department of Motor Vehicles
- Surety: The underwriting surety market
The bond covers any acts or omissions by the dealer/repairer that breach their license regulations.
