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Bond Amounts


Standardized bond amounts (below) will be underwritten by the insurance company.
The owner normally pays the insurance company a percentage of the bond amount.
Insurance companies often determine the percentage based on the owner's credit worthiness.
On average, the insurance company may charge $15 per $1,000 of the bond amount.

  1. Trailers:
    1. Less than five (5) model years old – $25,000
    2. Five (5) model years old but less than ten (10) model years old - $10,000
    3. Ten (10) or more model years old – $5,000
  2. Passenger vehicles and pickup trucks:
    1. Less than five (5) model years old – $50,000
    2. Five (5) model years old but less than ten (10) model years old – $25,000
    3. Ten (10) or more model years old – $10,000
  3. Trucks, buses and recreational vehicles:
    1. Less than five (5) model years old – $100,000
    2. Five (5) model years old but less than ten (10) model years old – $50,000
    3. Ten (10) or more model years old – $25,000
  4. Motorcycles:
    1. Less than five (5) model years old – $25,000
    2. Five (5) model years old but less than ten (10) model years old – $10,000
    3. Ten (10) or more model years old – $5,000
  5. Manufactured homes *:
    1. Less than (10) model years old – $50,000
    2. Ten (10) or more model years old – $25,000