Hawaii Auto Dealer Bond

Hawaii Auto Dealer Bond

The Hawaii Motor Vehicle Industry Board and Motor Vehicle Repair Industry Board require motor vehicle dealers and salvage repair dealers to hold a surety bond for the duration they are operating in the state.

Click the button and get your bond in minutes:

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With low annual and multi-year rates in addition to an automatic monthly withdrawal option, you can pick the payment method that is most convenient for you.

How Much Does a Hawaii Motor Vehicle Dealer Bond Cost?

If you’re in need of the $25,000 bond for used dealers, you can pay as low as $17 monthly or $169 for one year. Other bond types and their corresponding starting prices are portrayed in the chart below.

Bond TypeBond LimitMonthly1 Year2 Years
Used Motor Vehicle Dealer (less than 60 vehicles/mo)$25,000$17$169$295
Used Motor Vehicle Dealer (60+ vehicles/mo)$100,000$68$675$1,181
New Motor Vehicle Dealer (less than 10 vehicles/mo)$50,000$34$388$591
New Motor Vehicle Dealer/Broker (10+ vehicles/mo)$200,000$135$1,350$2,363
Motor Vehicle Salvage Repair Dealer$25,000$17$169$295
Motorcycle Dealer$10,000$10$100$175
Hawaii Auto Dealer Bond Cost

These are the lowest rates reserved for those with preferred credit. A soft credit check must be completed to approve you for a rate—this is standard in the surety industry and will not affect your credit score. Other factors that impact the bond price are years of experience and bond limit.

Why Are Surety Bonds Required for Hawaii Motor Vehicle Businesses?

All 50 states required motor vehicle dealers to hold a surety bond in some capacity or another. The intent behind the dealer license bond requirement is to protect the public from unethical and illegal actions by the dealer that may impact the public financially. 

In Hawaii, new, used, and salvage dealers, in addition to auctions, are regulated to ensure that the processing of vehicles is done according to state law. The surety bond guarantees reimbursement is available to anyone that has experienced monetary loss at the hand of a dealer.

Getting Your Hawaii Dealer License Bond

Your Hawaii Motor Vehicle Dealer Bond is ready within 5 minutes. Click the button below to get started:

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After filling in the necessary information, you are given bond rates in the form of monthly, annual, or multi-year payments. Choose the option that fits your needs, enter your credit card information, and your digital bond form and receipt can be downloaded right then and there.

Hawaii requires the bond form to be signed and notarized by both the surety company and you, the principal. Once complete, you must file the bond at the address below:

Motor Vehicle Industry Board
Department of Commerce and Consumer AffairsPVL Licensing Branch
P.O. Box 3469
Honolulu, HI 96801

If you are a salvage repair dealer, mail your bond form here:

Motor Vehicle Repair Industry Board
Department of Commerce and Consumer Affairs
PVL Licensing Branch
P.O. Box 3469
Honolulu, HI 96801

We produce these bonds as Jet Insurance Services through our partnership with Lexington National Insurance Corporation.

Read More About Dealer Bond Claims and Bond Handling With Jet

How to Renew My Bond

See the ins and outs surrounding renewing with Jet—it’s quick.

How to Cancel My Bond

Looking to cancel? This article has all the details you need.

Bond Claim Process

Read more about claim causes and the claim process for dealers.

Hawaii Motor Vehicle Dealer License Bond Form Example

Hawaii Auto Dealer Bond Form

Notary Bond Application:

X

Business Information:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Employee Dishonesty Bond Application:

Business Information:

Business Description:

Coverage Requirements:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Contract Bond Application:

X

Business Information:

Owner Information:

Job Details:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Worker's Compensation Application:

X

Business Information:

Business Description:

Coverage Requirements

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information: