The bond is required by the State of Alaska as a prerequisite for a registered motor vehicle dealership or buyer’s agent to legally conduct business.
A motor vehicle dealer or buyer’s agent bond is required by the State of Alaska as a prerequisite for a registered motor vehicle dealership or buyer’s agent to legally conduct business. The bond guarantees that the dealership or buyer’s agent will operate in accordance with the applicable government rules and regulations.
To register as a dealership or buyer’s agent in Alaska, the State of Alaska’s statutes require you to obtain a bond.
A $50,000 surety bond is required by the State of Alaska from a surety company authorized to conduct business in Alaska.
Colonial offers the direct and digital way to obtain an Alaska motor vehicle dealer/buyer’s agent bond. We are the insurance company — which means no agent, no broker, and no middleman. We make it easy to obtain your bond instantly. The steps are simple — get a quote online, fill out your information, and enter your payment method. Print your bond from your home or office. It’s that simple!
An Alaska motor vehicle dealer/buyer’s agent bond is reasonably priced and easy to obtain. You may notice that with other insurance agents and middlemen companies, your premium rate will fluctuate and include additional hidden fees and costs. Colonial offers our lowest possible rate. Premium is based on the amount of the bond required by the applicable government agency.
It is important to understand how surety bonds work, and who is the insurance company issuing your bonds. It is easy to obtain an Alaska motor vehicle dealer/buyer’s agent bond when you deal direct with a quality insurance company licensed to write surety bonds. Colonial is an A (Excellent) rated insurance company by A.M. Best, that has been incorporated since 1930. We are Treasury listed, and licensed and admitted in all U.S. states and territories.