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How much will my motor vehicle bond in Pennsylvania cost?
Pennsylvania motor vehicle bond premium pricing varies depending on the specific license type needed. The Pennsylvania Department of Transportation sets license and bond amount requirements depending on the type of business being conducted. Card agent and salvor license bonds can be purchased for $100 annual premiums while pricing for dealers, manufacturers, full agents, and messenger services requires underwriting based on your personal credit report.
Click here for more information about surety bonds for Pennsylvania motor vehicle dealer/manufacturer licensing.
Ready to purchase your Pennsylvania motor vehicle bond? Complete our easy online bond request form and a surety expert will work with you to get you a free, personalized bond quote with no obligations!
Motor Vehicle Messenger Service Bond
A motor vehicle messenger service bond is required of any professional who advertises or provides the service of obtaining vehicle titles, registrations and other such vehicular documents for a fee in Pennsylvania. Messenger services businesses must post a $50,000 surety bond and an additional $50,000 of coverage for each branch office. The bond stands as a guarantee that the principal (messenger) will abide by the standards of the applicable laws. It will also allow claims to be filed by either the state or customers in the event of financial loss as a result of the auto messenger service’s unethical or unlawful business practices.
This bond is continuously effective until canceled. In the case of cancellation by the surety, 60 days’ notice must be provided to the Pennsylvania Department of Transportation.
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Motor Vehicle Full Agent Bond
A motor vehicle full agent bond is required of any professional who is involved in the business of completing motor vehicle transactions for clients and is responsible for the accuracy of such transactions in Pennsylvania. Motor vehicle full agents must post a $30,000 surety bond for each place of business. The bond stands as a guarantee that agents will act ethically and lawfully while on the job. It will also allow claims to be filed by either the state or the agent’s customers in the case of financial damages as a result of the agent’s poor business practices.
This bond is continuously effective until canceled. In the case of cancellation by the surety, 60 days’ notice must be provided to the department.
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For more information about Pennsylvania motor vehicle full agent bonds, visit the following links:
Motor Vehicle Card Agent Bond
A motor vehicle card agent bond is required of any professional who issues temporary vehicle registration cards in Pennsylvania. Motor vehicle card agents must post a $3,000 surety bond. The bond stands as a guarantee that the principal (agent) will adhere to all rules and regulations of the state and industry.
This bond is continuous until canceled. If the surety decides to cancel the bond, 60 days’ notice must be provided to the department prior to termination. A card agent must be previously registered as a notary public. Please take note of all application requirements in the linked handbook.
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Motor Vehicle Salvor Bond
A motor vehicle salvor bond is required of any professional who processes or tows abandoned vehicles in Pennsylvania. Motor vehicle salvors must post a $10,000 surety bond for each place of business. The bond stands as a guarantee that the principal (salvor) will perform all duties ethically and lawfully.
This bond is continuously effective until canceled. The surety must provide the obligee with at least 60 days of notice prior to cancelling the bond.
Contact a surety expert to get a free bond quote within 1 business day of applying!
For more information about Pennsylvania auto vehicle salvor bonds, check out the following links: