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

Administrative Rule 810-5-75-.34 provides that when the owner(s) of a vehicle deemed
“salvage,” applies for a certificate of title under surety bond, the bond amount must be:

• 25% of the bond amount for vehicles less than ten (10) model years old
• 20% of the bond amount for vehicles ten (10) or more model years old