An Alabama auto dealer bond is a type of surety bond required by the Alabama Department of Revenue from individuals or businesses that sell motor vehicles in the state. The bond serves as a guarantee that the bonded party will comply with state laws and regulations related to the sale of motor vehicles, including payment of taxes and fees, and adherence to ethical business practices. If the bonded party fails to comply with these requirements, a claim can be made against the bond to provide financial compensation to affected parties. The bond amount required varies depending on the number of vehicles sold per year and other factors.
The price you'll pay for your $50,000 Auto Dealer Bond is generally based on your personal credit score. Start a free online quote by just completing a simple app or by calling 888-518-8011. Our experts will walk you through a very simple process. Compare our quote as the very lowest price, and then you're good to go! It's that simple!
We provide all types of $50,000 Auto Dealer Bonds. Worldwide Insurance Specialists, Inc. has "in house" underwriting authority with the largest and best Surety (Insurance) companies in the world including, Great American, Liberty Mutual, Philadelphia, Travelers, and CNA Surety. All of these surety bond companies are A-rated under the AM Best credit rating system, and T-listed with the U.S. Department of Treasury. This guarantees that by getting bonded through us, you will be provided the backing of these highly trustworthy and reliable companies.
The application process for a $50,000 Auto Dealer Bonds is easy! Many Bonds are INSTANT ISSUE! Easy Application, no underwriting, no credit check, no GIA required. Our NEW Desktop underwriting program provides you with a rapid approval process used to determine the degree of risk that you (the Principle) complete a project or obligation. Non-INSTANT ISSUE quotes can also get instantly approved. Submissions require very little information from you. Once you file and sign an indemnity agreement, we issue the Bond. It's that simple! We quote and issue Surety Bonds of every type and will help you through the entire process. These applications only require basic information about your business, bond type, and ownership structure. Once the application is complete, we submit to the insurance company (Surety) who will then issue your bond. Don't pay too much! Get your Bond Fast, and Easy with the best price! Click here to start the Auto Dealer Bond Application process.
The Alabama Auto Dealer Bond amount is currently set at $50,000.
An obligee is the entity that is requiring you to have the Auto Dealer bond.
Obligee: Department of Revenue Business & LicenseTax Division
Street: PO BOX 327550
Here are a few state specific bonds.