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How Much Does a Surety Bond Cost?

A surety bond’s cost is a small percentage of the bond amount required of you (except for contract bonds for public jobs, which are based on the full contract amount). Bond pricing is generally 1-10% of the full bond amount, but this can vary by the bond type you need and your financial strength.

The percentage that determines surety bond prices will be based on your rate. If you want to quickly determine your surety bond costs, you can use our bond premium calculator to get an instant ball park estimate. You can also read our guide on how to get bonded to determine which bonds you need.

You can also check out our "Surety Bond Cost Infographic" which explains how costs are determined and ways to ensure you get the lowest rate.

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How Much Do Construction Bonds Cost for Jobs?

Your construction bonding cost will vary depending on which construction bonds you need, but is usually a percentage of the full contract amount. You can read our in-depth guide to determine what a performance bond costs. Also, if you need a performance bond you’ll likely want to find out what a bid bond costs as well.

How Much Does it Cost to Get Licensed and Bonded?

A license bond costs a percentage of the bond amount being required of you, which is usually based solely on your personal credit (business and personal financials may be used to calculate your license bond cost depending on the type). You can get an instant estimate for your cost of getting bonded using our surety bond premium calculator.

What Does a Fidelity Bond Cost?

Fidelity bonds are relatively cheap compared to the cost of surety bonds, and are based on the type of coverage you need, the coverage amount, number of employees and the controls in place for your business. If you want to get a firm quote on your fidelity bonding insurance cost, you’ll need to fill out our online application. You can also read our guide that details how to get bonded and insured and the costs associated with different bonds you may need.

How Much Does a Court Bond Cost?

All court bonds cost a percentage of the bond amount, but the percentage you must pay will vary depending on which court bond you need. Probate bond costs are based mostly on personal credit. However, pricing will also be affected by the circumstances and complexity of the estate. Appeal bond costs are calculated using your business financial strength. Guardianship bond costs are based mostly on personal credit and the character of the applicant.

Surety Bond Cost Breakdown

Surety bond costs are usually given as dollars per thousand, represented by a dollar amount with a capital 'M' (the Roman numeral for one thousand). The premium formula is as follows: BOND AMOUNT x RATE / 1000. You can also look at the rate as a percentage of the bond amount you must pay, e.g. a 1% rate ($10 / M) on a $10,000 would cost you $100.

$10 / M $15 / M $30 / M $50 / M $75 / M
$5,000 Surety Bond $100* $100* $150 $250 $375
$10,000 Surety Bond $100 $150 $300 $500 $750
$12,500 Surety Bond $125 $188 $375 $625 $938
$25,000 Surety Bond $250 $375 $750 $1,250 $1,875
$30,000 Surety Bond $300 $450 $900 $1,500 $2,250
$50,000 Surety Bond $500 $750 $1,125 $2,250 $3,750
$75,000 Surety Bond $750 $1,125 $2,250 $3,750 $5,625
$100,000 Surety Bond $1,000 $1,500 $3,000 $5,000 $7,500

Three Things You Should Consider Besides "How Much Do Surety Bonds Cost?"

Most bond agencies don’t take the time to explain that your surety bond premium is only one of several important things to consider when purchasing your surety bond.

#1: Claims Put Your Personal Assets at Risk

As mentioned above you're responsible to pay for bond claims, and your personal and corporate assets will be used to pay them. Most bond agents won't explain how claims can put you at risk and how to avoid them; if this happens when working with a bond agency it should be a big red flag to reconsider doing business with them. However, surety bonds provide many benefits to you as well.

If bond claims occur, it’s priceless to have a knowledgeable bond agent on your side to deal with the massive bonding companies that may view you as a number rather than an individual or small business owner. Bond claims are common and whether they’re legitimate or not, a good bond agent will find a resolution in your best interest when a claim occurs. Since you pledge your assets when you purchase a bond, it’s important to partner with a bond agent that will act as your first line of defense against bond claims. Find out how our company can save you money on bond claims.

#2: Partner With a Strong Surety Company

Make sure you get your surety bond from a surety company that's financially strong and meets all of the requirements of the obligee. If you get your bond from a surety company that neglects to meet common requirements, e.g. having the necessary financial strength rating by a financial rating company such as A.M. Best, or being licensed to write bonds in your state, your bond will be rejected forcing you to purchase a new one with no refund. When working with a bond agency, always ask if the surety company writing your bond meets the requirements of the obligee. We only work with financially sound surety companies that meet all necessary requirements, and have direct access to them which cuts out unnecessary middle-men. You can also learn how to find the right bond company for you.

#3: Turnaround Time on Your Surety Bond

Depending on who you work with, getting your surety bond can be a long and painstaking process requiring you to submit dozens of pages of your financial and company information. However, there are companies that streamline the process by allowing you to apply, pay and print your bond online.

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