How Much Does a Surety Bond Cost?
Surety bond costs range from $25 to $10,000+ per year.
Surety bond costs range from $25 to $10,000+ per year.
Good credit pays 1–3% of the bond amount annually.
Bad credit pays 5–10%.
Cost
Surety Bond Cost by Amount
Click any amount below for detailed pricing:
| Bond Amount | Good Credit | Bad Credit | Common Uses |
|---|---|---|---|
| $5,000 Bond → | $25–$150/year | $250–$500/year | Notary, tax preparer |
| $10,000 Bond → | $50–$300/year | $500–$1,000/year | Notary, PI, small contractor |
| $25,000 Bond → | $125–$750/year | $1,250–$2,500/year | Contractor license, auto dealer |
| $30,000 Bond → | $150–$900/year | $1,500–$3,000/year | Mid-size contractor |
| $50,000 Bond → | $250–$1,500/year | $2,500–$5,000/year | Auto dealer, mortgage broker |
| $75,000 Bond → | $375–$2,250/year | $3,750–$7,500/year | Freight broker (BMC-84) |
| $100,000 Bond → | $500–$3,000/year | $5,000–$10,000/year | Large contractor, major dealer |
Note: Click links (→) for detailed pricing tables with credit score tiers and FAQs.
How Credit Score Affects Bond Cost
Your credit score is the primary factor determining your surety bond premium rate:
- Standard Rate:1-3% of bond amount
- Poor Credit: 3–10% of bond amount depending on credit
Example: $50,000 bond costs $1,500–$5,000/year
Getting a Surety Bond with Bad Credit
Bad credit won’t prevent you from getting bonded.
✓ Rates: 3–10% for bad credit applicants
✓ Collateral options available to reduce rates
✓ Financial statements may help reduce rates
Surety Bond Cost FAQs
How much does a surety bond cost?
Surety bond costs depend on the required bond amount, applicant’s creditworthiness, and sometimes work experience.
Do I pay the full bond amount?
No. You pay only a small annual premium . The bond amount is the maximum the surety will pay if there’s a claim.
Can I get a surety bond with bad credit?
Yes. We can approve most applicants with bad credit. Rates are higher (5–10%), but we have collateral options available to help reduce premium rates.
Are multi-year bonds cheaper?
Yes. 2-year and 3-year terms typically save 15–30% compared to annual renewals and reduce administrative burden.
What factors affect surety bond cost?
Bond amount, credit score, bond type, financial strength, industry experience, claims history, and business longevity all affect your rate.