Maryland Motor Vehicle Dealer Bond

To sell cars in Maryland, you need a $50,000 motor vehicle dealer bond. You file it with the Maryland MVA. It protects your buyers.

Bond Amount
$50,000
Typical Premium
$300–$2,500/yr
Term
Continuous
Required By
Maryland MVA (Motor Vehicle Administration)
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What Is the Maryland Motor Vehicle Dealer Bond?

Think of the Maryland motor vehicle dealer bond as a promise to your buyers and the state. Break a dealer rule, and they can claim against the bond. The surety collects from you after.

In Maryland, the bond is $50,000.

The amount can rise with your sales volume.

Who Needs This Bond in Maryland?

How to Get Bonded — Step by Step

  1. Start your Maryland dealer license application.
  2. Get your bond here. We shop several sureties for your best rate.
  3. File the bond to the Maryland MVA.
  4. Once approved, get your license and start selling.

Renewal & Continuous Bond Coverage

The Maryland bond does not expire on a set date; it runs until canceled. Keep it current so your license never lapses.

Frequently Asked Questions

Does the Maryland bond protect me?

No. The bond protects your customers and the state, not you. If a claim is paid, you repay the surety. It is not insurance for you.

How fast can I get bonded in Maryland?

Most quotes come back fast, often within a day. Many bonds are issued the same day for good credit.

How much does the bond cost?

You pay a yearly premium — a small percent of the bond amount. Your rate depends mostly on your credit.

How a Surety Bond Works

A dealer bond is a type of surety bond. The picture below shows the three parties and what happens if someone files a claim.

Diagram of how a surety bond works: the obligee requires the bond, the principal applies and signs an indemnity agreement, and the surety issues the bond; if the principal fails, the obligee files a claim, the surety investigates and may pay, and the principal reimburses the surety.

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Related: All Maryland surety bonds · What is a surety bond? · How surety bond costs are calculated

Underwriting Disclosure. All surety bond applications are subject to underwriting review and approval by the issuing surety company. Quoted premiums are estimates only; final pricing is determined by individual underwriting factors, which may include personal and business credit history, financial statements, industry experience, and claims history. Many bonds qualify for instant online approval, while others may require additional documentation, financial review, or indemnitor signatures prior to issuance. SuretyBondly makes no representation, warranty, or guarantee of approval, eligibility, premium amount, bond form, or issuance timing. Bond amounts, forms, and requirements are governed by the applicable obligee and statutory authority and may change without notice. Information provided on this page is for general informational purposes only and does not constitute legal, financial, or tax advice.