Michigan Bonded Title

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Driving in Michigan with a bonded title

Does Michigan accept bonded titles?

Yes. Michigan allows individuals who buy vehicles without a title to claim ownership by obtaining a bonded title. A bonded title is a standard certificate of title with a surety bond attached (called a title bond). In Michigan, a title bond is also known as a certificate of title bond, a vehicle uniform bond, and a defective title bond.

What is the purpose of a bonded title?

A bonded title protects the state, state employees, lienholders, and prior and future owners from financial loss. If you end up not being the valid owner or someone has a security interest in your vehicle, they can file a claim on your bond for compensation. If the claim is valid after investigation, your surety (the company that issued your bond) will settle the claim. You must then repay them in full for any costs involved.

Get Your Michigan Title Bond:

Quick Takeaways

  • In Michigan, if you don’t have a title to your vehicle, you may need a bonded title.
  • A bonded title is a standard certificate of title with a surety bond attached (called a title bond).
  • A title bond protects the state, state employees, lienholders, and prior and future owners from financial loss.
  • Michigan title bonds often cost only $100 for a three-year term.

Who needs a bonded title in Michigan?

If you don’t have a title to your vehicle, you may need a bonded title. Contact your local DMV to see if you are eligible. In general, you could qualify if any of the following scenarios are true:

  • You never received a title when you purchased your vehicle.
  • Your title was incorrectly assigned to you (defective).
  • You received a title but lost it before transferring it in your name.

If you had a title in your name but lost it, you can request a duplicate title – rather than a bonded title – for only $15.

How to Get a Michigan Bonded Title

Follow this process if you have already contacted the DMV and confirmed that you need a bonded title in Michigan. Note: If your vehicle is ten years old or older and valued at $2,500 or less, you may not need a bonded title.

1. Get a vehicle uniform surety bond.

File a surety bond for your vehicle with a surety provider like ZipBonds. The bond amount must be equal to two times the value of your car. You can use Kelley Blue Book or NADA Guides to determine the value of your vehicle or contact the Michigan Secretary of State.

2. Print, sign, and submit your bond.

Once you purchase your bond from Zip, you can instantly print, sign, and submit it to the Michigan Secretary of State. After your application is approved, you’ll receive your bonded title.

How much does a vehicle uniform bond cost in Michigan?

Michigan title bonds often cost only $100 for a three-year term. At the end of the three years, if no one has filed a claim against you, your bond will be returned, leaving you with a standard Michigan title.

Get a Michigan Bonded Title

The experts at ZipBonds can help you obtain the bond you need. To connect with one of our team members, please give us a call at 888-435-4191 or email us at support@zipbonds.com. We’ll walk you through the process for title bonds to help you get bonded in a flash.

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About ZipBonds.com

Founders Ryan Swalve and Zach Mefferd formed the vision for ZipBonds.com when they realized how overly complicated it was to help clients place surety. The frustration of being unable to incorporate the technology they’d used in other insurance-focused projects left them thinking “there has to be a better way.”

Fast forward a couple of years, and that better way is the impetus of everything we do at ZipBonds. We constantly look for innovative ways to improve the bonding process for our clients and agents. Our team comprises individuals who understand all angles of surety – for companies, agencies, and individuals. Incorporating everyone’s point of view to improve the process while simultaneously integrating cutting-edge technology is what sets our business apart.