West Virginia Motor Vehicle Dealer Bond

Before West Virginia licenses you as a car dealer, you post a $25,000 motor vehicle dealer bond. File it with the West Virginia DMV. It protects your buyers.

Bond Amount
$25,000
Typical Premium
$200–$1,250/yr
Term
1 Year
Required By
West Virginia Division of Motor Vehicles
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What Is the West Virginia Motor Vehicle Dealer Bond?

Think of the West Virginia motor vehicle dealer bond as a promise to your buyers and the state. Wrong a customer, and they can claim against the bond. The surety collects from you after.

In West Virginia, the bond is $25,000.

Who Needs This Bond in West Virginia?

How to Get Bonded — Step by Step

  1. Get a quote on this page. We match you with a strong surety.
  2. Complete your dealer application.
  3. File the bond with the West Virginia DMV.
  4. Get licensed and open for business.

Renewal & Continuous Bond Coverage

Your West Virginia dealer license runs on a set cycle (every year). Do not let the bond lapse. A lapse can cost you your license.

Frequently Asked Questions

Does the West Virginia 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 West Virginia?

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.

Ready to get your West Virginia Motor Vehicle Dealer Bond?

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Related: All West Virginia 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.