Understanding Auto Dealership Insurance
As an Independent Agency, we work with several different insurance companies that have the coverage your auto dealership business needs. Additionally, at OKC Insurance Brokers, we specialize in auto or used car dealership policies. This means that we have the expertise to tailor a policy that meets your specific needs and budget.
Types of Auto Dealer Insurance Coverages in Oklahoma City include:
- Dealer liability
- Surety bonds
- Employment practices liability
- Property insurance
- False pretense coverage
- Dealers physical damage insurance, or “open-lot” coverage
- Garage liability
- Garage keepers legal liability
- Auto dealers errors & omissions coverage
- Crime insurance
- Auto dealer license bond
- Workers compensation
We can also provide coverage for other types of dealers including:
- Wholesale Motor Vehicle Dealers
- Vehicle Rebuilder Dealers
- Trailers/Auto, Salvage, Used Parts/Accessory Dealers
- Motor Vehicle Dealer Bond (City/State)
We have insurance programs for auto dealers of all sizes! Our professional agents in Yukon Oklahoma, including the Edmond, Mustang, Oklahoma City, Piedmont, and Yukon areas, can assist you in finding the right coverage for you. Give us a call at 405-509-9433 or fill out one of our online quotes.
Oklahoma Auto Dealer
License Guide
Obtain Your License Packet Used and Wholesale Motor Vehicle Dealers: The Used Motor Vehicle Dealer’s Application and Wholesale Motor Vehicle Dealer’s Application can be downloaded from the UMVPC website. Follow the instructions in the documents to complete the application process. Additional forms are available at the UMVPC forms page. Be sure to also review the rules and regulations. Permanent Business Location
Used Motor Vehicle Dealers The location must have a permanent structure separate and apart from any residence or other business. The facility must have an accessible restroom for the public. Wholesale Motor Vehicle Dealers The office must be a permanent room or building separate and apart from any other business. You’re allowed to use a room in your home, as long as this room is not used for any other purpose. Dealers with all license types are also required to have a business sign and supply various pictures of the location to the OMVC. Auto Dealer Bond The cost of an auto dealer bond is a small percentage of the total bond amount. The bond cost varies depending on your financial strength, e.g. personal credit. Used and wholesale auto dealers are required to have a surety bond. Bond Amount Required Used Motor Vehicle Dealers: $25,000 Wholesale Motor Vehicle Dealers: $25,000 Attend a Pre-Licensing Course Used and Wholesale Dealers need to attend an education program. You can check the UMVPC calendar to find out when the next available class takes place. Submit Your Dealer License Application Complete and submit your application to the relevant mailing address below. Fee $600 Used and Wholesale Motor Vehicle Dealers Used Motor Vehicle and Parts Commission 2401 NW 23rd, Suite 57, Oklahoma City, OK 73107 Phone: (405) 521-3600 Fax: (405) 521-3604
Auto Dealer Insurance Quotes
As an independent insurance agency we have access to multiple top-rated insurance companies. We’ll shop the competition on your behalf to find the best deal!
Contact Us
OKC Insurance Brokers
11901 N MacArthur Blvd Suite D9
Oklahoma City, OK 73162
Phone: (405) 509-9433
