Surety bonds • Nebraska
Nebraska Auto Dealer Bond: $50,000 Requirement and Cost
The Nebraska Motor Vehicle Industry Licensing Board requires motor vehicle, trailer, wholesale, and motorcycle dealers to file a $50,000 surety bond for each license year ending December 31. Auction dealers need $100,000. Published prices for the $50,000 bond start around $250 a year.
This guide covers the bond, who it protects, and cost. Blake Insurance Group is an independent agency, and a licensed agent can help with your bond and dealer insurance.
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Bond amounts
| Dealer type | Bond amount |
|---|---|
| Motor vehicle, trailer, wholesale, or motorcycle dealer | $50,000 |
| Auction dealer | $100,000 |
Sources: Nebraska Motor Vehicle Industry Licensing Board bond form (Neb. Rev. Stat. § 60-1401 et seq.), SuretyBonds.com.
Who the bond protects
- The bond runs to the State of Nebraska for the benefit of interested persons, resident and nonresident, including other dealers.
- A person injured by a covered loss may sue on the bond in their own name.
- The surety may cancel with 60 days’ written notice to the dealer and the Board.
Source: Nebraska Motor Vehicle Industry Licensing Board bond form.
How much a Nebraska dealer bond costs
| Bond | Published price |
|---|---|
| $50,000 dealer bond | From $250 |
| $100,000 auction dealer bond | From about $1,000 to $1,500 |
Prices published by SuretyBonds.com; rates depend on credit.
Bond vs. dealer insurance
The bond protects customers, not the dealership. Dealers usually also carry garage liability, dealer’s open lot, and commercial auto insurance. See our surety bond vs. insurance guide.
Nebraska auto dealer bond FAQs
How much is a Nebraska dealer bond?
$50,000. Published prices start around $250 a year.
When does a Nebraska dealer bond expire?
December 31 each year.
How much is a Nebraska auction dealer bond?
$100,000.
Related guides
Important information
Compensation. The link in the partner quote box near the top of this page is sponsored, and Blake Insurance Group may be paid if you make a purchase. Sponsored placement does not affect the other information on this page.
Independent agency. Blake Insurance Group LLC is an independent insurance agency. Licensed insurance producer NPN 16944666. Licensed states: AZ, AL, TX, CA, NY, OH, FL, NC, VA, GA, OK, NM, IA, KS, MI, NE, SC, SD, WV, IL, NJ, PA, TN, and WA. Which insurance companies we can quote depends on our current appointments, the product, and your state. Mentioning a company on this page does not mean we represent it.
Cost figures. Published averages and ranges are cited from the sources named, as of the dates shown. They are not quotes and may not reflect your price, which depends on the insurer, the surety, your credit, the bond type, and underwriting.
Availability. Coverage, prices, discounts, and eligibility vary by insurer, state, and applicant, and are subject to underwriting. The issued policy controls.
Your next step
Tell us about your dealership, and a licensed agent will help with your Nebraska dealer bond, or start a bond quote online with our partner.
