How much does a Massachusetts motor vehicle title bond cost?
Massachusetts certificate of title bonds are typically issued instantly and the cost starts at $100. The exact costs for Massachusetts title bonds are broken down as follows:
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$5,000: issued instantly for $100
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$5,001-$25,000: issued instantly at a rate of $20 for every $1,000 of coverage
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$25,000+: Subject to review by an underwriter
What is my bond amount?
The amount of your surety bond will be determined by the Registry of Motor Vehicles - Title Department. When calculating the amount of your bond, they will typically consult the NADA guide and the bond amount will be the appraisal amount multiplied by one and one-half.
| Bond Type | Bond Amount | Cost* | |
|---|---|---|---|
| $1-$5,000 Certificate of Title Bond | $1-$5,000 | $100 | GET A QUOTE |
| $5,001-$25,000 Certificate of Title Bond | $5,001-$25,000 | $100+ | GET A QUOTE |
| $25,001+ Certificate of Title Bond | $25,001+ | Subject to Underwriting | GET A QUOTE |
Why does Massachusetts require surety bonds for titling a vehicle?
Massachusetts requires surety bonds for a title pursuant to the MA Title Law, Chapter 90D. If a person applying for the title cannot demonstrate adequate evidence that they are the rightful owner of the vehicle. The bond is required so that funds are available if someone asserts they are the rightful owner of the vehicle. If it can be proven they own the vehicle, a claim may be made up to the full amount of the bond. At the end of the 3-year term of the bond, the applicant’s bonded title will be returned and they will receive an original title for the vehicle.
Please note this bond only allows a vehicle title to be issued. If you plan on selling cars and other vehicles, you are required to have a Massachusetts auto dealer license bond.
Can Massacusetts title bonds be canceled?
Yes, Massachusetts title bonds may be canceled by the surety at any point, as long as 30 days’ written notice is given to the Registry of Motor Vehicles.
What vehicle information will be printed on my bond?
A bond will only be accepted if it includes the vehicle year, vehicle make, and vehicle identification number (VIN). Any bond issued with incorrect or missing information may need to be reissued, meaning the applicant may need to pay their premium twice. Therefore, it is important to verify the vehicle information with the obligee requiring the bond.
Additional Resources
Massachusetts Department of Motor Vehicles: Vehicle Registration and Title Information
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