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Surety Bond Cost Calculator

Get an instant price estimate on your surety bond.


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How Surety Bond Pricing is Calculated

Surety bond pricing is based on a percentage of the full bond amount being required (called the premium), which is usually anywhere between 1-10%.

The premium is based on your financial strength, e.g. personal credit. Other items such as your business/personal financials, and industry experience may be analyzed as well.

However, the type of bond that you need can also drastically affect bond costs as well. For example, some obligees (the ones requiring the bond) require higher bond amounts in certain industries, or for varying purposes.

For instance, freight brokers must obtain a $75,000 surety bond. Generally speaking, the higher the bond amount that's required of you, the higher the cost will be since bond costs are calculated using the bond amount. On the contrary, a contractor license bond required by a local municipality is often a smaller amount (e.g. $10,000), which means you'll likely have to pay a lower price.

Surety Bond Pricing Calculation Example

Let's pretend that you must obtain a $25,000 bond, and the rate provided based on your credit history, business financials, and experience in the industry is $15 per thousand; this would mean that the cost of your bond is $375, or 1.5% of the required bond amount. If you have poor personal credit or minimal industry experience, your rate may increase.

If we take the same $25,000 bond, but use a rate of $50/M, the cost of your bond would be $1,250 (or 5% of the total bond amount).

In order to get more in-depth information about pricing and how it's determined, you can read our in-depth surety bond cost guide.

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About JW Surety Bonds
We are a family owned and operated agency established in 2003. We started with just two people, and grew to become the largest volume bond producer in the nation with 50+ employees. Since day one, our team focus has been on providing real-time online quotes, an easy process, and the best in claims defense. Learn more about our company.