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Nevada
Vehicle Industry License for Peer to Peer Car Sharing Bond

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Nevada Peer to Peer Car Sharing Bond Guide

If you’re applying for a vehicle industry license for peer to peer (P2P) car sharing in Nevada, you’ll likely need this surety bond. 

Bond Overview

  • Purpose: To ensure that P2P platforms disclose all necessary information to shared drivers and owners 
  • Who Needs It: P2P platform owners in Nevada
  • Regulating Body: The Department of Motor Vehicles (DMV), Compliance of Enforcement Division
  • Required Coverage: $5,000
  • Premium Rate: 1–10%, credit–based

Learn all about the bond requirements and process in this guide.

What Is a Nevada Peer to Peer Car Sharing Bond? 

A Nevada vehicle industry license bond holds peer to peer (P2P) platforms responsible for creating fair car sharing program agreements. These agreements establish the terms and agreements that all parties must follow while sharing a vehicle through the program. 

In the agreements, P2P platforms are required to disclose the following information: 

  • The platform holds the right to sue the shared vehicle owner or driver due to a contract breach
  • The driver or owner’s motor vehicle liability insurance does not provide a defense against the platform’s claims
  • The insurance provided for drivers and owners only lasts during the car sharing period
  • The daily rates and fees that will be charged to the owner or driver 

The surety bond can repay any party harmed by a company’s failure to provide these disclosures. 

How Much Do Vehicle Industry License for Peer to Peer Car Sharing Bonds Cost?

Nevada vehicle industry license bonds for P2P car sharing cost a small percentage of the $5,000 coverage amount, typically $100.

Premium rates are based on personal credit score and can vary between 1% to 10%. Apply for your free quote now!

Bond Type
$5,000Vehicle Industry License for Peer to Peer Car Sharing Bond

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

How Do I Get My Bond?

SuretyBonds.com provides the fastest and easiest way to get a Nevada vehicle industry license bond for peer to peer car sharing. Just follow these quick steps: 

  1. Apply: Submit an online quote request form
  2. Quote: Receive your quote within one day
  3. Sign: Complete the indemnity agreement 
  4. Buy: Purchase the bond online 24/7

We’ll mail you the bond via your preferred shipping method. Be sure to file it with the DMV as instructed. 

If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance. 

How Does a Nevada Vehicle Industry License Bond Work? 

A vehicle industry license bond for peer to peer car sharing creates a legal contract between these three parties: 

  1. Principal: You, the P2P platform filing the bond
  2. Obligee: The Department of Motor Vehicles: Compliance of Enforcement Division requiring the bond
  3. Surety: The provider issuing the bond

This holds you financially responsible for upholding the provisions of Nevada Motor Vehicle Law, Chapter 482C.325. 

If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you must ultimately refund the surety. 

How Do I Renew My Bond?

These bonds expire annually. To renew your vehicle industry license for peer to peer car sharing bond, simply pay your renewal invoice when prompted. 

We’ll begin contacting you by phone and email 90 days before the expiration date. 

More Resources

Call 1 (800) 308-4358 to talk with a Surety Expert

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