Texas Auto Dealership Insurance
We specialize in used car & auto dealership insurance coverage, helping protect your business with comprehensive protection tailored to Texas requirements.rance
Understanding Texas Auto Dealership Insurance
As an independent agency, OKC Insurance Brokers partners with multiple insurance companies to provide comprehensive Texas auto dealership insurance. We understand the unique challenges facing auto dealers in Texas and can tailor coverage to meet your specific business needs, whether you're a small used car lot or a large auto dealer. Learn more about our complete auto dealership insurance services and explore our auto dealer resources.
Types of Texas Dealer License Categories:
- Motor Vehicle Dealer (GDN): Used cars, trucks, motor homes, neighborhood electric vehicles, ATVs, ROVs
- Motorcycle Dealer: Used motorcycles, mopeds, ATVs, ROVs, UTVs, autocycles
- Travel Trailer Dealer: Used travel trailers and camper trailers under 8'6" width or 45' length
- Trailer/Semitrailer Dealer: New or used utility and semitrailers (only GDN allowing new vehicle sales)
- Independent Mobility Motor Vehicle: New and used vehicles converted for disability transport
- Wholesale Dealer: Sales directly to other dealers or through dealer-only auctions
Each license category requires specific insurance coverage tailored to the vehicle types being sold.
Moreover, we can customize these coverages to suit your dealership type and size.
Texas Auto Dealership Insurance Requirements
Garage Liability Insurance
Texas requires a minimum of $85,000 in garage liability coverage for auto dealerships operating in the state. This fundamental coverage protects your dealership against claims of bodily injury or property damage arising from business operations and garage activities.
Texas Surety Bond Requirements
Motor Vehicle Dealer Bond Details:
- Bond Amount: $50,000 minimum required
- Term Length: 2 years, renewable
- Required for: Independent used vehicle dealers, motorcycle dealers, mobility dealers, wholesale dealers, and some franchised used-vehicle dealers
- Purpose: Ensures compliance with Texas Department of Motor Vehicles regulations
- Renewal: Must be renewed every 2 years to maintain active dealer license
We can help you secure your required surety bond as part of your comprehensive insurance package.
No matter your business type, we offer insurance programs that work with your business.
🏴Texas Dealer License Requirements & Insurance
7 Steps to Texas Dealer License:
- Complete 6-hour dealer educational course
- Secure business location with proper zoning
- Obtain Employer Identification Number (EIN)
- Register business with Texas Secretary of State
- Purchase $50,000 dealer surety bond
- Submit application through eLICENSING system
- Maintain required business hours and records
Insurance Protection: While obtaining your license, don't forget comprehensive insurance coverage to protect your investment.
Local Agents Who Understand Your Needs
Our experienced agents serve all areas around Texas, including major metropolitan areas and rural communities.
Ready to Protect Your Texas Dealership?
Get comprehensive auto dealership insurance tailored specifically for Texas requirements. Our independent agency shops multiple carriers to find you the best coverage at competitive rates.
Get Your Free Quote TodayFor licensing, dealer registration, and compliant advertising, visit the Texas Department of Motor Vehicles website and familiarize yourself with all requirements.
We'll help you explore all the available insurance options and find the best plan for your dealership. Visit our main auto dealership insurance page for comprehensive coverage information across all states we serve.
Call us today at (405) 509-9433 or request a quote online to get started.
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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!
Get a Quote Now!Auto Dealer Insurance Resources
Stay informed with our latest articles and resources about auto dealership insurance, industry trends, and compliance requirements.