IN automobile auctioneer bonds.
$250 flat.

Indiana licenses an automobile auctioneer through the Secretary of State’s Auto Dealer Services Division, and IC 9-32-11-2 conditions that license on a $25,000 vehicle merchandising bond in favor of the state. Ours is $250 flat, and the price you see is the price at checkout. The application includes a credit consent, but it authorizes a soft credit pull only — a soft inquiry that never affects your score.

Required to hold an Indiana automobile auctioneer license under IC 9-32-11-2
Fixed amount, fixed price — the statute sets $25,000 for every Auto Dealer Services license class
Written on State Form 53966 (R7/03-24) — older revisions of the form are rejected
A-ratedA.M. Best carriersInstantissued the moment you pay1–3 yrterms available
Trusted by industry leaders
NYCEDC
BDG
Capital
McKinney
Terra
JLL
Triple Five
Georgetown
NYCEDC
BDG
Capital
McKinney
Terra
JLL
Triple Five
Georgetown
How it works

Three steps. One sitting.

The bond is the fastest line item on an Auto Dealer Services application — the zoning affidavit and the photographs take longer. Here is the entire bond process:

NOW · ONLINE

Apply online

Business details, your dealer number if you already hold one, and an effective date. That is the application — no financial statements and no scavenger hunt.

MINUTES, USUALLY

Pay & e-sign

Vehicle merchandising bonds are among the thousands of bond types that issue right after purchase. If a check runs at all it is a soft pull that never affects your score.

SAME DAY

Upload to the Dealer Portal

Since October 1, 2024 the Auto Dealer Services Division takes bond and insurance updates only through the online Dealer Portal — no mail, no email. Your executed bond and power of attorney arrive by email ready to upload. Wet-ink original mailed on request.

About this bond

What it is and who needs it.

What the automobile auctioneer bond actually guarantees

Indiana defines an automobile auctioneer in IC 9-13-2-7 as a person who is engaged in the business of — or as part of the auctioneer’s business participates in — providing a place of business or facilities for the purchase and sale of motor vehicles on the basis of bids by persons acting for themselves or others. The definition expressly does not reach a person acting only as an auctioneer under IC 25-6.1-1. In other words, it is the venue and the transaction that pull you into Title 9, not the act of crying the bids: the moment you supply the lanes, the block, or the facilities where vehicles change hands on bids, the Secretary of State’s Auto Dealer Services Division licenses you and IC 9-32-11-2 requires the bond.

The bond is a compliance guarantee, not a warranty on the cars. IC 9-32-11-2 requires the licensee to maintain a bond satisfactory to the secretary in the amount of $25,000, in favor of the state, securing two distinct things: payment of the fines, penalties, costs, and fees the secretary assesses after notice, an opportunity for a hearing, and an opportunity for judicial review; and payment of damages to a person aggrieved by a violation of IC 9-32 by the licensee after a judgment has been issued. That second limb matters — a claimant does not simply write to the surety, they take a judgment first.

It is a three-party instrument: you are the principal, the carrier is the surety, and the State of Indiana is the obligee, with buyers, sellers, and consignors as the protected parties. It is not insurance for you — if the surety pays, you reimburse the surety. And it is a standing condition of the licence, not a one-time filing: the Division states plainly that your dealer license is suspended during any lapse in bond coverage, so the bond’s expiration date has to fall after your license expiration date. A continuation certificate on the existing bond is acceptable at renewal.

IC 9-32-11-2 · IC 9-13-2-7Indiana Code 9-32-11-2(h) provides: "A licensee shall maintain a bond satisfactory to the secretary in the amount of twenty-five thousand dollars ($25,000). The bond must: (1) be in favor of the state; (2) secure payment of fines, penalties, costs, and fees assessed by the secretary after: (A) notice; (B) opportunity for a hearing; and (C) opportunity for judicial review; and (3) secure the payment of damages to a person aggrieved by a violation of this article by the licensee after a judgment has been issued." "Automobile auctioneer" is defined at IC 9-13-2-7. The bond is written on the Secretary of State’s Indiana Vehicle Merchandising Certificate/Bond, State Form 53966 — the Division requires the (R7/03-24) revision and will not accept older versions. Note that the definitions chapter formerly at IC 9-32-2 was repealed by P.L.104-2024 and recodified at IC 9-32-2.1, so older guides cite section numbers that no longer exist. The $25,000 figure is statutory and identical across every Auto Dealer Services license class; the license fee, which is a state fee and not bond premium, is set separately by license type in the same section.

You need this bond if you are

Applying for an Indiana automobile auctioneer license with the Secretary of State’s Auto Dealer Services Division
Renewing that license and your current bond expires on or before the license expiration date
Replacing a cancelled or non-renewed bond before the lapse suspends your license
Adding a location — the license must specify each place of business and be displayed at each one

One application, issued instantly.

These are the actual issuing fields. Have your dealer number handy if you already hold a license; the credit consent in this application authorizes a soft pull only.

Start the application →
FAQ

Common questions.

How much is the Indiana automobile auctioneer bond?The premium is $250 flat — set by our carrier's rate book for this bond, the same for every auctioneer. The $25,000 bond amount is fixed by IC 9-32-11-2, so there is no quote process and no sliding scale.
Do I pay the $25,000?No. You pay $250. The $25,000 is the surety’s maximum liability if a valid claim is made — fines, penalties, costs and fees assessed by the secretary, or damages to an aggrieved person after a judgment has been issued. It is not a deposit and nobody holds your money.
How fast will I have the bond?Vehicle merchandising bonds are among the thousands of bond types that issue right after purchase — most auctioneers finish the application and have the executed bond in the same sitting. At most, 1–2 business days.
Is there a credit check?The application includes a credit consent, but it authorizes a soft credit pull only — a soft inquiry that never affects your score. No hard inquiry ever runs on this bond.
Is this the same as the automobile auction company license?No, though they sit side by side in the same article. The auction company license covers a business whose primary business is arranging, managing, sponsoring, advertising, hosting, or otherwise facilitating the auction of more than three motor vehicles or watercraft in a twelve-month period. The auctioneer license under IC 9-13-2-7 reaches the person providing the place of business or facilities where vehicles sell on bids. Both are licensed by Auto Dealer Services and both file the same $25,000 bond on State Form 53966 — ask the Division which class your operation falls in before you file.
Related bonds

Other Indiana bonds.

Clear the bond line on your dealer application today.

$250 flat, soft pull only, bond often issued in the same sitting and ready to upload to the Dealer Portal. Free until issued.

Your price$250
Apply now →