Connecticut leasing & rental bonds.
$150 flat.
Connecticut requires a motor vehicle leasing or rental licensee to file a $15,000 bond with the DMV (form K-158) under C.G.S. 14-15. Ours is $150 flat — the price you see is the checkout price, identical for every licensee, and no credit check.
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How much does a Connecticut leasing & rental bond cost?
$150 at the $15,000 amount, the same for every applicant.
Three steps. One sitting.
License bonds are the simplest thing in surety. Here's the entire process:
Apply online
Business details and an effective date. That is the application. No credit check.
Pay & e-sign
License bonds like this are among the thousands of bond types that issue right after purchase.
File with the DMV
Your executed bond (form K-158) arrives by email, ready to file with your leasing or rental license application. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
Connecticut licenses motor vehicle leasing and rental companies through the DMV under C.G.S. 14-15. A company that leases or rents vehicles for periods of thirty days or more must file a $15,000 surety bond on form K-158 as a condition of the license.
The bond is a compliance guarantee: it is conditioned on the licensee following the state and federal laws and regulations governing the leasing and rental business. If the licensee violates those laws and someone is harmed, the harmed party can recover against the bond.
It is not insurance for you — if the surety pays a claim, you repay the surety. Note the DMV also requires proof of financial responsibility (a separate insurance certificate) alongside this bond; the two are different filings.
You need this bond if you're
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the $15,000 bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose; a longer term is the same price per year, chosen at checkout.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File with the DMV. Your executed bond (form K-158) arrives by email, ready to file with your leasing or rental license application. Wet-ink original mailed on request.
What sets the price
The premium is fixed at $150 at the $15,000 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or your business profile.
No credit check.
One application, issued instantly.
These are the actual issuing fields. No credit check.
Start the application →Common questions.
Other Connecticut bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
The DMV is waiting on one document.
$150 flat, no credit check, bond often issued in the same sitting. Free until issued.