Education Center Navigation

How Much Does a Surety Bond Cost?

The cost of surety bonds 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).

The percentage is generally 1-10% of the full bond amount, but this can vary by the bond type you need and your financial strength.

If you want to quickly determine your surety bond costs, you can use our bond premium calculator to get an instant ball park estimate.

Rates Explained

The percentage that determines surety bond prices will be based on your rate. You can learn more about how your surety bond rate will be determined by reading our guide.

Which Bond Do You Need?

If you're unsure of which bond type you need, you can read our guide on how to get bonded, or simply contact one of our surety bond experts.

Find Out Your Exact Bond
Cost in Minutes!

  • #1 bond writer in the nation
  • Lowest rates in all 50 states
  • Fast and secure application
  • Lock your rate for 90 days

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).

Some of the more common surety bonds that are required to obtain a license include auto dealer bonds, contractor license bonds and freight broker bonds, all of which usually cost a small percentage of the bond amount being required.

You can get an instant estimate for your cost of getting bonded using our surety bond premium calculator.

"Surety Bond Cost" Quick Video Overview

If you don't have time to read about how surety bond costs are determined, watch our quick 90 second video below.

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.

"Contract Bond Costs for Projects" Quick Video Overview

If you want to learn how contract bond costs for projects are determined, you can watch our quick 90 second video below.

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
Get a FREE Surety Bond Quote Today

Get free pricing from the top bond companies in the U.S.

Get Your Free Quote No obligation | 100% Secure

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.

The Consumer’s Guide to Surety Bonds E-Book

If you want the most thorough answers available to all of the fundamental questions related to getting a surety bond (such as "what do surety bonds cost?"), you can download our free "Consumer's Guide to Surety Bonds" e-book. The topics covered in the e-book include:

  • How surety bonds work
  • Surety bond pricing
  • How indemnity agreements affect you
  • The various surety bond types required
  • How to get bonded
  • How claims affect you

This e-book was created with first time applicants in mind, and is an excellent resource if you're unfamiliar with how surety bonds work, pricing and how they can greatly affect you or your business.

Consumer's Guide to Surety Bonds