Dealer Insurance

Dealers require insurance and bond

Garage Liability Insurance

Licensed used car dealers assume the responsibility of having garage liability insurance and a surety bond to meet their dealer license requirement.

Our experts can assist you in getting the coverage your used car lot needs in place at affordable rates. We provide service for auto brokers, pawn shops and vehicle wholesalers too!

Often franchised automobile dealers pay inflated rates to have the peace of mind that all of their assets are protected. Thoroughbred has affordable dealer open lot policies available to meet your specific needs.

Our agents are interested in your business. We are not only insurance professionals, we are also automotive industry experts. With over 70 years combined automotive dealer background, our staff understands your needs as a car dealer.

Garage Liability Markets

  • Canal
  • Century
  • Colony
  • Lloyds

more coming soon!

Garage Liability

Additions to your Garage Liability

What coverage do you have? We have found that many Georgia used car dealers purchased a state minimum garage liability policy when starting out in the car business. Although these policies meet the dealer license requirement, many dealers have outgrown these policies. Thoroughbred offers free competitive policy quotes and dealer insurance coverage evaluations.

Beyond the state required minimums many dealers may consider additional coverage to protect their assets.

Additional Coverage may be for:

  • Vehicle Inventory
  • Business Property
  • Workers Comp
  • Specified Causes (Fire, Hail, Vandalism, Transport)
  • False Pretense
  • Tow Trucks
  • Errors and Omissions (Titles, Odometer, Truth in Lending)
  • Uninsured Motorists
  • Fire and Theft
Dealer License Requirement of Garage Liability Insurance

Are you covered for what you think you are?

Thoroughbred Dealer Services team understands your needs and requirements for auto dealer insurance in Georgia. The Georgia Board of Used Motor Vehicle Dealers mandates that you meet the following requirements:

  • Policy Number. (No Binder Numbers)
  • Amount of Limits (50K/100K/25K) or single limits of $125,000. Automobile Liability only is not accepted. Garage Liability must be shown.
  • “Location” on certificate must show exact name and address as shown on the application.
  • “Certificate Holder” must be listed as:

State Board of Used Motor Vehicle Dealers
237 Coliseum Drive
Macon, GA 31217