← Back to Bond types
License Bond

Motor Vehicle Dealer License Bond

Motor vehicle dealers, including new, used, auction, broker, wholesaler, and others licensed under KRS 190.030, who do not meet the minimum financial responsibility requirements or as required by the Commission. Required when: Application for or renewal of a motor vehicle dealer or broker license when the applicant fa…

Overview

What it is.

Motor vehicle dealers, including new, used, auction, broker, wholesaler, and others licensed under KRS 190.030, who do not meet the minimum financial responsibility requirements or as required by the Commission. Required when: Application for or renewal of a motor vehicle dealer or broker license when the applicant fa…

Who usually needs it

Motor vehicle dealers, including new, used, auction, broker, wholesaler, and others licensed under KRS 190.030, who do not meet the minimum financial responsibility requirements or as required by the Commission.

Pricing & timing

What to expect.

Generic pricing

License bonds are required by state and local governments to ensure compliance with industry regulations. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger license bonds: Commonly around 1–5% of the bond amount annually. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. Same-day approval is typical for many common license bonds. Some license bonds may price higher de…

Typical timeframe

Issuance timeframe varies by bond type and underwriting

Application

What to do next.

  1. Tell us the bond name, state, and amount on your form.
  2. Share business and applicant info so the team can quote it.
  3. Sign and pay; we issue the bond and send you the documents.
  4. Keep your effective date and renewal date on file with us.
Start the application.

You are on the exact bond page. The next step is to start the quick application.

Details

Bond details.

StateKY
Bond amountUp to $100,000. Applicants with unencumbered cash or inventory between $50,000 …
Term lengthAnnual
ObligeeKentucky Motor Vehicle Commission
RenewalThe bond must be renewed annually in conjunction with the motor vehicle dealer license renewal, which typically occurs between October 1 and December 31.
Bond classLicense Bond
CategoryMotor Vehicle
BondMotor Vehicle Dealer License Bond
Statutory referenceKRS 190.030(9)
JurisdictionState
More bonds
Next step

Ready to move forward?

Pin down whether this is your bond, then start the application. Ava can confirm the right state and license type if you are not sure.