Auto Dealers Insurance Colorado – Insur Group

New Dealers - Get Started Insurance Tips

  • In addition to the application, you need the original copy of your Dealer Bond and a certificate of insurance from your Dealership Insurance company.
  • Your dealership name and address on your application must match your Dealer Bond and Dealership Insurance.  If you change the information on your application after the bond and insurance certificate are issued, the dealer bond will have to be reissued.  The dealership policy can be endorsed, and a new certificate issued to reflect the new information.
  • I recommend you get the zoning and the tax clearance done prior to shopping for a bond or insurance.  I have had a few Dealers pay for the bond and insurance, but then had to wait 2 to 3 months to get the lot rezoned.
  • The dealer bonds are based on your credit score, so if you have a credit score that might be below 650, look for a bond before you sign a lease for a lot or spend a lot of money.  Dealer bonds normally cost $240 per year, but the bonds for people with credit issues can be as high as $5,000 per year. 
  • Be sure to check out the Coverage page, to get an idea of what you need now, and what you may need in the future.