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How much will my Minnesota certificate of title bond cost?
Before you can get a certificate of title surety bond, you must know the value of the vehicle, which is determined by the state. Contact the Department of Public Safety to determine the value of the vehicle in question. Once you have this information, we can help you get bonded quickly, easily, and accurately.
The exact amount of coverage needed for your Minnesota title surety bond will be calculated at 1.5 times the total vehicle value. Bond amounts for $6,000 or less can be processed instantly for a flat rate of just $100. Bonds over $6,000, but less than $50,000 will cost 1.5% of the bond amount. If you need more than $50,000 of coverage for your defective Minnesota title bond, the premium will be subject to underwriting.
Ready to get bonded? Let our experts do the hard work for you! Simply submit a bond request or call us at 1 (800) 308-4358 — one of our bond experts will contact you almost immediately.
What is a certificate of title bond?
Certificate of title bonds are required for anybody who purchases a vehicle from a seller who does not have ample proof of ownership. This bond is issued when the original title is lost or stolen or when the vehicle in question is too old to have had one issued.
The bond serves as a guarantee that the buyer and seller have no knowledge of the vehicle being stolen and that no fraud occurred during the transaction.
Ready to get bonded? Let our experts do all of the hard work for you! Simply submit a bond request, and one of our bond experts will contact you almost immediately. Pay as low as $100 for a Minnesota certificate of title surety bond when you work with SuretyBonds.com!
Please note that this bond is required for a vehicle title to be issued. If you are planning to sell cars and other vehicles, a Minnesota motor vehicle dealer bond is required.
How do I get my bonded title from the state?
After receiving your certificate of title bond, you may be wondering what you need to do next. When the ownership of a vehicle is in question, the Department of Public Safety will require you to submit the following to register your vehicle:
- the specified application
- a certificate of title surety bond
- an affidavit that identifies the make, model, year, and vehicle identification number
- a statement that the applicant is an owner and has physical possession of the vehicle
- payment for required taxes and fees