Nebraska Motor Vehicle Dealer Bond

Nebraska requires a $50,000 motor vehicle dealer bond before you can get a dealer license. You file it with the Nebraska Motor Vehicle Industry Licensing Board. It is a standard license step.

Bond Amount
$50,000
Typical Premium
$300–$2,500/yr
Term
1 Year
Required By
Nebraska Motor Vehicle Industry Licensing Board
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What Is the Nebraska Motor Vehicle Dealer Bond?

A Nebraska motor vehicle dealer bond is a money guarantee. It protects your buyers, not you. If a customer is wronged, they can claim against it. The surety pays them, then you repay the surety.

How much bond you need in Nebraska:

Who Needs This Bond in Nebraska?

How to Get Bonded — Step by Step

  1. Gather your Nebraska dealer paperwork.
  2. Buy your motor vehicle dealer bond online here — fast quotes.
  3. File it to the Nebraska Motor Vehicle Industry Licensing Board.
  4. Once cleared, get your license and sell cars.

Renewal & Continuous Bond Coverage

Plan to renew your Nebraska dealer bond every year. Line it up before the deadline so your license never drops.

Frequently Asked Questions

Do Nebraska auto auctions post more?

Yes. Most dealers post $50,000; auto auction dealers post at least $100,000.

Does the Nebraska bond protect me?

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

How fast can I get bonded in Nebraska?

We shop several sureties for you, 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 Nebraska 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.