Utah Motor Vehicle Dealer Bond

Utah requires a $75,000 motor vehicle dealer bond before you can get a dealer license. It is filed with the Utah MVED. You can get it fast.

Bond Amount
$75,000
Typical Premium
$450–$3,500/yr
Term
1 Year
Required By
Utah State Tax Commission, MVED
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What Is the Utah Motor Vehicle Dealer Bond?

Think of the Utah motor vehicle dealer bond as a promise to your buyers and the state. Break a dealer rule, and they can claim against the bond. You then repay the surety.

How much bond you need in Utah:

Who Needs This Bond in Utah?

How to Get Bonded — Step by Step

  1. Gather your Utah dealer paperwork.
  2. Buy your motor vehicle dealer bond online here — same-day issuance for many.
  3. Send it to the Utah MVED.
  4. Get your dealer license and sell cars.

Renewal & Continuous Bond Coverage

Your Utah dealer license runs on a set cycle (every year). Keep the bond current. A gap can suspend your license.

Frequently Asked Questions

Does the Utah 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 Utah?

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.

Ready to get your Utah Motor Vehicle Dealer Bond?

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Related: All Utah 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.