Surety bonds • West Virginia
West Virginia Auto Dealer Bond: $25,000 Requirement and Cost
The West Virginia DMV requires most dealer license classes to file a $25,000 surety bond, carry 20/40/10 dealer liability insurance, and pay $150 into the Dealer Recovery Fund. Licenses generally run July 1 to June 30, and published bond prices start around $187.50 a year.
This guide covers the bond, insurance, fees, 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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Tell us your dealer license class, and a licensed agent will follow up. Submitting the form does not bind coverage.
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Bond and license requirements
| Requirement | Detail |
|---|---|
| Surety bond | $25,000 for most classes (not required for financial institution repo, manufacturer, or transporter licenses) |
| Insurance | 20/40/10 dealer liability (license services exempt) |
| Dealer Recovery Fund | $150 for new and renewing dealers |
| Application fee | $250 for most classes; renewals $10 to $100 |
Source: West Virginia DMV dealer licensing.
How much a West Virginia dealer bond costs
Published prices for the $25,000 bond start around $187.50 for a one-year term, based on credit. Bonds expire June 30, so the first premium may be prorated (SuretyBonds.com). Use our surety bond cost calculator for an estimate.
Bond vs. dealer insurance
The bond protects customers, not the dealership. Dealers also need the required liability coverage and often carry dealer’s open lot and commercial auto insurance. See our surety bond vs. insurance guide.
West Virginia auto dealer bond FAQs
How much is a West Virginia dealer bond?
$25,000. Published prices start around $187.50 a year.
What insurance do West Virginia dealers need?
20/40/10 dealer liability insurance.
When do West Virginia dealer licenses expire?
Most classes run July 1 to June 30.
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 West Virginia dealer bond, or start a bond quote online with our partner.
