Colorado Bonded Title Guide
If you are registering a vehicle without a title in Colorado, you may need to purchase a surety bond. Read on to learn all about the bonded title process.
Bond Overview
- Purpose: To provide financial security if there are disputes about a vehicle's ownership
- Who Needs It: Individuals with insufficient proof of vehicle ownership in Colorado
- Regulating Body: The Colorado Division of Motor Vehicles
- Required Amount: 2x the vehicle's appraisal value
- Premium Rates: $10 per $1,000 of coverage, starting at $100
How Much Does a Certificate of Title Bond Cost in Colorado?
Colorado certificate of title bond costs start at $100. The exact cost will vary depending on the surety bond amount required by the Colorado Department of Revenue.
- Bond amounts up to $6,000 cost $100
- Bond amounts from $6,001 to $50,000 cost $10 per $1,000 of coverage, starting at $100
- Bond amounts for more than $50,000 must be reviewed by an underwriter for pricing, starting at $750
Where Can You Get a Colorado Certificate of Title Bond?
You can purchase a Colorado title bond online 24/7. You must provide the following information for Division of Motor Vehicles approval.
- Name
- Address
- Current vehicle retail value
- Vehicle identification number (VIN)
- Vehicle year, make, model, and body type
Once your payment has been processed, you'll receive your official surety bond by email.
How Fast Can I Get a Title Bond?
SuretyBonds.com offers instant Colorado title surety bond delivery 24/7. Purchase now to receive your official bond delivered in minutes by email.
*Note: If your bond amount is higher than $50,000, your purchase order will be reviewed by a team member before your documents are emailed.
What is a Colorado Certificate of Title Bond?
Colorado code 42-6-104 requires individuals who own a vehicle with a lost or stolen title file a surety bond to verify ownership as part of the vehicle registration process. By filing this bond, individuals verify their vehicle was not stolen or acquired under fraudulent circumstances.
Why Do You Need a Bond for a Certificate of Title in Colorado?
If you're unable to provide required documents to prove vehicle ownership, filing a surety bond allows you to get a bonded title. The Colorado title bond protects prior owners, lien holders, and future owners from losses or damages resulting from certificate of title issuance. If the original vehicle title is found, the surety company will pay valid claims up to the full bond amount, which the bonded vehicle owner must reimburse.
A lost title bond is required for a vehicle title to be issued. If you plan to sell vehicles, a separate Colorado motor vehicle dealer bond is required.
Who Registers Vehicles in Colorado?
Colorado Department of Revenue Division of Motor Vehicles enforces registration requirements for vehicles missing titles. Title bonds must be filed with the Colorado Division of Motor Vehicles within 30 days.
How Do I Determine My Bond Amount?
The DOR DMV requires the bond amount be 2 times the vehicle's appraisal value, which is determined by a licensed Colorado auto dealer, price guide book, or computerized valuation service. The minimum appraisal amount accepted is $350 with a $700 minimum bond amount. If you need help determining your required bond amount, contact the Colorado Division of Motor Vehicles before purchasing your bond.
How Do I Update or Change My Title Surety Bond Form?
If the Colorado DOR requires your vehicle title bond documentation to be updated for any reason, contact your surety provider. If you purchased your bond from SuretyBonds.com, email [email protected] to explain the needed change.
The most common changes for these bonds include the vehicle owner's name or specific vehicle information.
Does Your Colorado Bonded Title Expire?
Your lost title bond will expire 3 years from its effective date and won't need to be renewed.
How Do You Get a Bonded Title in Colorado?
Vehicles with open liens are not eligible for bonded titles. Complete the following steps to apply for your Colorado bonded title.
- Have a certified inspector complete an inspection using the Certified VIN Inspection form (DR 2407). The inspection fee is $53.
- Complete the Motor Vehicle Requestor Release Affidavit of Intended Use form (DR 2489A). Use this form to request a title record search from the state. If a prior title holder is found, attempt to contact them via mail and submit proof through PS Form 3811-A.
- Appraise your vehicle with a licensed Colorado auto dealer, price guide book, or computerized valuation service.
- Purchase a title bond.
- Complete the Bond Statement Guide and In Lieu of Bond Affidavit form (DR 2394).
- Submit all paperwork for required documents to your local DMV to issue your new title.
Learn more about how to get a Colorado bonded title in our complete guide.
