Surety bonds • Illinois
Illinois Auto Dealer Bond: $50,000 Requirement and Cost
Illinois requires motor vehicle dealers who sell, deal, or broker five or more vehicles a year to be licensed and to file a $50,000 surety bond with the Secretary of State’s Dealer Licensing Section. Bonds commonly expire December 31, and published prices start around $250 to $410 a year depending on the surety and credit.
This guide covers who needs the bond, renewal timing, and costs. Blake Insurance Group is an independent agency, and a licensed agent can help with your bond and dealer insurance.
Published by Blake Insurance Group LLC · Reviewed November 2026
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Who needs the bond
According to SuretyBonds.com and Jet Surety, Illinois requires a $50,000 dealer bond from new and used vehicle dealers who sell, deal, or broker five or more vehicles a year, filed with the Secretary of State’s Dealer Licensing Section. Jet Surety notes a separate bond is required for each business location.
Renewal timing
SuretyBonds.com reports that Illinois dealer bonds run one year and expire December 31, with premiums prorated based on the purchase date.
How much an Illinois dealer bond costs
| Provider | Published starting price |
|---|---|
| Jet Surety | $250 for one year; $438 for two years |
| SuretyBonds.com | $410 for one year |
Prices published by Jet Surety and SuretyBonds.com; rates depend on credit and experience.
Bond vs. dealer insurance
The bond protects customers and the state, not the dealership. Dealers usually also carry garage liability, dealer’s open lot, and commercial auto insurance. See our surety bond vs. insurance guide.
Illinois auto dealer bond FAQs
How much is an Illinois dealer bond?
The bond amount is $50,000. Published prices start around $250 to $410 a year.
Who needs an Illinois dealer bond?
Dealers who sell, deal, or broker five or more vehicles a year.
When do Illinois dealer bonds expire?
Commonly December 31 each year.
Related guides
- Illinois surety bonds
- Ohio auto dealer bond
- Georgia auto dealer bond
- Commercial auto insurance
- Surety bonds
- Surety bond cost
- Surety bond cost calculator
- Buy a surety bond online
- License and permit bonds
- South Dakota auto dealer bond
- West Virginia auto dealer bond
- New Mexico auto dealer bond
- Nebraska auto dealer bond
- Kansas auto dealer bond
- Iowa auto dealer bond
- Oklahoma auto dealer bond
- South Carolina auto dealer bond
- Alabama auto dealer bond
- Tennessee auto dealer bond
- Washington auto dealer bond
- Michigan auto dealer bond
- Pennsylvania auto dealer bond
- New Jersey auto dealer bond
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 Illinois dealer bond, or start a bond quote online with our partner.
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