Surety bonds • New Jersey
New Jersey Surety Bonds: Requirements and Costs by Bond Type
New Jersey requires surety bonds for motor vehicle dealers and for contractors on public works. Dealers file a $10,000 bond with the Motor Vehicle Commission, and public works contracts generally need payment and performance bonds, which may be waived on smaller contracts. This guide lists the most common New Jersey bonds and what they cost.
Each bond links to a detailed guide with sources. Blake Insurance Group is an independent agency licensed in New Jersey, and a licensed agent can help you find and file the bond you need.
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Common New Jersey surety bonds
| Bond | Who requires it | Required amount |
|---|---|---|
| Motor vehicle dealer bond | NJ Motor Vehicle Commission | $10,000 |
| Public works payment and performance bonds | State, contracting units, and school districts | Up to 100% of the bid; payment bond 100% of contract |
Amounts are sourced in each linked guide.
Federal bonds New Jersey businesses often need
- Freight broker bond (BMC-84): $75,000, filed with FMCSA.
- ERISA bond: at least 10% of plan funds handled.
- Bid bonds and Miller Act bonds on federal construction.
What New Jersey bonds cost
The $10,000 dealer bond starts around $100 a year. Contract bonds are priced as a percentage of the contract. See our surety bond cost guide or the surety bond cost calculator.
New Jersey surety bond FAQs
How much is a New Jersey car dealer bond?
$10,000, in favor of the State of New Jersey. Published prices start around $100 a year.
When are public works bonds required in New Jersey?
On public buildings and public works paid for by the state, contracting units, or school districts, though bonds may be waived on contracts up to $100,000 (local) or $200,000 (state).
Related guides
- New Jersey auto dealer bond
- New Jersey public works bond
- New York surety bonds
- Illinois surety bonds
- Surety bonds
- Surety bond cost
- Surety bond cost calculator
- Buy a surety bond online
- License and permit bonds
- New Jersey landscaping contractor insurance
- New Jersey HVAC contractor insurance
- New Jersey electrical contractor insurance
- New Jersey plumbing contractor insurance
- New Jersey roofing contractor insurance
- South Dakota surety bonds
- West Virginia surety bonds
- New Mexico surety bonds
- Nebraska surety bonds
- Kansas surety bonds
- Iowa surety bonds
- Oklahoma surety bonds
- South Carolina surety bonds
- Alabama surety bonds
- Tennessee surety bonds
- Washington surety bonds
- Michigan surety bonds
- Pennsylvania surety bonds
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 the New Jersey bond you need, and a licensed agent will help you compare options, or start a bond quote online with our partner.
