Auto Dealer Insurance in Missouri

At Insured ASAP, we recognize the importance of securing auto dealer insurance in Missouri. Selling vehicles requires managing a significant investment that’s on display day and night. By quickly comparing rates from top-rated insurance providers, we help Missouri auto dealers get the coverage they need at the lowest prices, with flexible payment on most plans. We insure all types of dealerships, including autos, motorcycles, RVs, trucks, commercial autos, classic & antique vehicles, and more.

Explore Our Comprehensive Missouri Auto Dealer Insurance Coverage

Aside from general business liability insurance, Missouri auto dealer insurance packages include a combination of the following coverage options according to each dealership’s needs.

Garage Liability Insurance

Sometimes referred to as dealer plate insurance, garage liability insurance expands on general liability insurance to cover bodily injury or property damage caused by accidents arising out of garage operations. Garage liability insurance is required by law.

Garage Keeper Liability

This type of insurance safeguards non-dealership-owned vehicles stored on your property. These vehicles might be in your service area or under repair in your garage.

Learn more about garage keeper liability.

Dealer’s Open Lot Insurance

This policy protects a dealership’s owned vehicles in cases of auto accidents or losses stemming from theft, fire, flood, vandalism, and other risks.

Optional Extended Coverage

Consider optional policies to provide broader protection against specific risks, like:

• Faulty workmanship claims
• Defective product claims
• Damage to non-owned, hired, temporary, and newly-acquired autos

Missouri Auto Dealer Insurance Requirements

In Missouri, obtaining a motor vehicle dealer license mandates compliance with specific insurance requirements set by the Missouri Department of Revenue (DOR). These requirements ensure that dealers operate responsibly and are financially capable of addressing potential liabilities.​

Garage Liability Insurance

As mentioned earlier, Missouri auto dealers must maintain a garage liability insurance policy. This coverage protects against claims resulting from accidents or damages that occur during the operation of the dealership, like test drive accidents and ​slip-and-fall injuries.​

Dealer Surety Bond

A $50,000 dealer surety bond or an irrevocable letter of credit of the same amount is required. This bond serves as a financial guarantee that the auto dealer will adhere to Missouri laws and ethical business practices.

Proof of Insurance

As part of the dealer license application process, applicants must provide proof of the required insurance coverage. This includes submitting a certificate of insurance and the original surety bond or letter of credit.​

Failure to meet these insurance requirements can result in the denial or revocation of the dealer license.

Insurance Minimums for Missouri Dealers

Missouri law requires dealerships to meet several minimum coverage limits. This ensures adequate protection for the business and its customers.

Bodily Injury Liability

• $25,000 per person
• $50,000 per accident

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Property Damage Liability

• $25,000 per accident​

Uninsured Motorist Coverage

• $25,000 per person
• $50,000 per accident

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These minimums are designed to provide a baseline level of financial responsibility. However, dealers may opt for higher coverage limits to offer greater protection against potential claims.

Why Insured ASAP is the Preferred Choice for Missouri Auto Dealers

At Insured ASAP, our speed, precision, and commitment to securing our customers the best possible rates make us a valuable partner. As an independent insurance agency, we work with many insurance companies that offer packages specifically designed for auto dealerships.

Whether you need new or used car dealer insurance in Missouri, the benefits of working with us include:

• Tailored Policies: We will help you build a policy that addresses your dealership’s unique exposures and activities.
• Fast, Reliable Quotes: We help our clients compare quotes from top insurance providers in seconds.
• Industry Expertise: Our agents are experts in the specific insurance requirements of Missouri auto dealers.

If you ever need support, our agents are just a phone call away. We’re here to help you navigate the complexities of insurance so you can focus on running your dealership.

Reach Out for a Free Missouri Dealer Insurance Quote

Don’t risk another day without comprehensive protection for your Missouri auto dealership. Contact Insured ASAP for a free personalized quote and start enjoying peace of mind knowing your business is secure. We will help build a policy that offers the protection you need at the best price.