How much does an automobile club bond cost in Tennessee?
The exact price of a $20,000 Tennessee automobile club surety bond is subject to underwriting consideration. Applicants with strong financial credentials can qualify for rates as low as 1% of the bond amount, or just $200.
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|Bond Type||Bond Amount||Cost*|
|$20,000 Automobile Club Bond||$20,000||Starts at $200||GET A QUOTE|
Want to know exactly how much you’ll pay for your bond? Fill out our online bond request form, and our specialists will contact you right away to walk you through our bonding process step-by-step.
Why do I need this bond?
Tennessee automobile club surety bonds ensure that principals (automobile clubs) fully comply with all rules and regulations found in section 55-18-101 of the Tennessee Code Annotated, including providing all services promised to their members. Services offered by automobile clubs can include:
- insurance services
- map services
- bail bond services
- towing services
- touring services
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What’s the fine print?
Tennessee automobile club bonds are required by the Department of Commerce and Insurance. This bond remains in effect until canceled. If the automobile club is a partnership, each member of the partnership must sign the bond form. The surety must provide written notice to the Commissioner at least 90 days prior to cancellation of the bond.
How to legally operate an automobile club in Tennessee
To operate an automobile club legally in Tennessee, applicants must provide the following:
- a completed, signed and notarized application
- $20 filing or renewal fee
- proof of a current insurance license with the State of Tennessee OR a Personnel Selection Report/Criminal Background Check
All Tennessee automobile club agent licenses expire annually on June 30.
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