Auto Dealer Insurance in Dallas
Garage liability, dealer open lot, and F&I coverage for new and used auto dealers in the Dallas-Fort Worth Metroplex.
Insurance Coverage Auto Dealers Need in Dallas
Garage liability for test drive accidents and customer injuries. Dealer open lot (physical damage) for inventory on your lot. Garage keepers liability for customer vehicles in your care. Workers comp for staff injuries. Dealer surety bond required by TxDMV. F&I E&O for finance and insurance department errors.
Dallas Auto Dealer Risks
Hail damage to lot inventory is the #1 property claim for Dallas dealers. Test drive accidents create significant liability. Title and odometer fraud claims target used dealers. Regulatory compliance with TxDMV and FTC creates ongoing exposure.
What Auto Dealer Insurance Costs in Dallas
Small used car lot (20-50 vehicles): $8,000 to $15,000/year. Mid-size dealer: $20,000 to $40,000. Large franchise dealer: $50,000+. Factors: inventory value, number of vehicles, sales volume, and whether new or used.
"A massive hail storm hit our lot and damaged 40 vehicles. Our dealer open lot policy covered all the repairs — over $200,000 in damage."
Frequently Asked Questions
Still have questions? Call us at (214) 555-0100 or request a free quote.
Yes. Garage liability covers test drive accidents. Make sure your policy includes adequate limits and no restrictive test drive exclusions.
It covers physical damage to vehicles in your inventory while on your lot, including hail, theft, fire, vandalism, and collision damage.
Yes. TxDMV requires a $25,000 motor vehicle dealer surety bond for GDN holders. We can issue bonds same-day.
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