What Is a New York Certificate of Title Bond?
New York Vehicle and Traffic Law requires individuals without sufficient proof of vehicle ownership to file a certificate of title surety bond. By purchasing this bond, the individual verifies they legally own the vehicle and that it was not acquired under fraudulent conditions.
How Much Does a New York Certificate of Title Bond Cost?
New York lost title bond premiums start at $100. The exact cost varies depending on the bond amount required by the New York Department of Motor Vehicles (DMV):
- $100–$3,300 Bond Coverage: $100
- $3,301–$25,000 Bond Coverage: $30 per $1,000 of coverage, starting at $100
- $25,001–$50,000 Bond Coverage: $15 per $1,000 of coverage, starting at $375
- $50,001 or Greater Bond Coverage: Exact pricing varies based on underwriting review, starting at $1,500
How to Get a Bonded Title in New York
The New York State DMV will typically require a certificate of title bond for 1.5x the appraised value of your vehicle. You can purchase New York defective title bonds instantly online for up to $50,000 in coverage. If you need a title bond for $50,000 or more, we’ll quickly review your application to determine pricing.
You’ll need to provide following information for DMV approval:
- Name
- Address
- Vehicle identification number (VIN)
- Vehicle year and make
- Exact bond amount
Once you pay, you'll receive an email copy of your bond form. We’ll mail your official bond documentation via your preferred shipping method. You must file your bond with the DMV within 30 days of issuance to receive your bonded title.
How Fast Can I Get a Lost Title Surety Bond?
You can instantly purchase New York lost title bonds online 24/7 with SuretyBonds.com. Buy now to receive a copy of your bond in minutes. If you're in a rush, choose overnight shipping at checkout.
*Note: If your bond amount exceeds $25,000, we’ll review your order before emailing your bond confirmation. Some NY title bonds require underwriting review.
Why Do I Need a New York Defective Title Bond?
New York title bonds protect previous lien holders, owners and potential future owners from losses resulting from a missing vehicle title. If the original title is found and a valid claim is filed against the bond, the surety company will pay damages up to full bond amount. The bonded vehicle owner must then reimburse the surety for the paid claims.
Who Needs a New York State Title Bond?
The New York State Department of Motor Vehicles enforces registration requirements for vehicles with lost, stolen or missing titles. Individuals trying to register vehicles with missing titles in New York must file a certificate of title bond. Vehicles with open liens cannot be bonded.
If you're planning to sell vehicles, a separate New York vehicle dealer bond is required.
How Is the Title Bond Amount Determined?
The required bond amount is calculated as 1.5 times the current vehicle value as determined by a licensed appraiser. Contact your local DMV to verify your bond amount before purchasing a title bond.
How Do I Update My Title Bond Form?
If the New York State DMV requires a change to your title bond form, contact your surety provider. If you purchased your bond from SuretyBonds.com, email [email protected] to explain the change.
When Will My Bonded Title Expire?
Your New York certificate of title bond will expire after three years. It will then be returned to you if the vehicle is no longer registered in the state and there are no pending claims.
How Do New York Residents Apply for a Bonded Title?
Complete the following steps to apply or check out our New York Bonded Title Guide for more details:
- Find a licensed appraiser to determine the value of your vehicle.
- Calculate your bond amount as 1.5 times your vehicle appraisal value.
- Purchase a certificate of title surety bond.
- Submit a title application and surety bond to the DMV.
Department of Motor Vehicles
Title Bureau
6 Empire State Plaza
Albany, NY 12228
Get started today by purchasing your surety bond!
