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New York Automobile Broker Bond

How much does an automobile broker bond cost in New York?

If you purchase, arrange or assist in the purchase of an automobile for a consumer, you are required to post a surety bond in the amount of $75,000.

This bond is subject to underwriting, meaning that the financial credentials of your credit report determines the amount you pay for your bond. Regardless of your credit report our surety specialist can get you the bond you need!

Low credit? Ask about our bad credit bonding program. Find out more about the bonding process by submitting a bond request form online. An automobile broker bond specialist will contact you and help walk you through the bonding process.

Bond Type Bond Amount Cost by Credit Score*
680 and up 679 - 600 599 or lower
Automobile Broker Bond $75,000 Starts at $750 $3,000-6,000 $7,500+ Apply Now
*The bond premium rate quotes provided to you through this website are for pricing comparisons and quotation estimate purposes only. The bond rate quotes provided are based on general assumptions that may or may not be applicable to you and are subject to change at any time. These rate quotes do not constitute an offer of insurance, nor is any contract, agreement, or bond coverage implied, formed or bound by the provision of rate quotes. Bondability, final bond premium rate quotes and an offer of insurance, if any, will be determined by the insurance company providing your bond. You must contact us directly to obtain a quote for binding purposes.

Give us a call at 1 (800) 308-4358 or apply for your bond here. We can typically deliver your free bond quote within 1 business day!

Why do I need this bond?

By posting a bond, the principal promises to conduct faithful and honest business in accordance with state laws. More specifically, this bond offers coverage for any claim which may arise.

Have any questions or concerns about this specific bond type? Get in touch with a bond expert today! Fill out a bond request or call 1 (800) 308-4358.

What’s the fine print?

All bonds will remain in full force unless voided.

How to become an automobile broker in New York

For information on what is needed for license approval, contact the Department of State Licensing Services.

Click here to apply for your free quote.

Ready to get started?

Get a FREE Automobile Broker Bond Quote Today!

Additional Resources

Department of State, Division of Licensing Services Automobile Brokers

Article 35-B General Business Law: Automobile Broker Business

State of New York Department of State Bond Form

Department of State, Division of Licensing Services Automobile Brokers General Information

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