How To Cut Your Freight Broker Bond Costs in Half

A freight broker bond is an expense that many brokers don't think they can afford, but there are a few ways you can significantly lower your bond costs for your brokerage.

Fix Your Credit Issues

Your personal credit is the main thing that is used to determine your freight broker bond price, so you'll want to ensure you pay off judgments, collections, liens or past due child support that you may have lingering on your credit report. If you don't clear negative items off of your credit report, your bond price will increase significantly. Why? When the surety company provides a bond, they are giving you a form of credit by guaranteeing that you'll operate your brokerage according to FMCSA regulations. With negative items listed on your credit report, the surety company will view you as an increased surety credit risk simply because it's a bad indication of how you'll operate your freight brokerage.

How to Get the Lowest Rate

Save Money with the Right Bond Agency

Costs for your freight broker bond can vary drastically depending on the company you work with. Many companies will require you to provide detailed personal and business financials when applying for freight broker bonds, which can cost you roughly $2,000 - $5,000 in CPA fees; the same agencies will often require you to post thousands of dollars in collateral too. Read our article to find how we don't require financials or collateral and why our agency writes more freight broker bonds than anyone in the country.

Become a U.S. Citizen

If you're not currently a U.S. citizen, it will greatly lower your bond costs if you become one. Once you become a citizen, it shows that you're planning on operating your freight brokerage for the long term and aren't a fly-by-night business. If you aren't a U.S. citizen, you will be looked at as a higher risk since you have no physical ties to the U.S. to ensure you stay in the country to pay off any potential bond claims that you cause.

Strong Experience and Financials Lowers Your Rate

The more years you've been operating your freight brokerage, the lower your bond costs will be as long as there are no credit issues. Having strong industry experience and operating an established business can reflect positively on you when a surety company is reviewing whether they will vouch for your company with a surety bond. Although business financials are not required by our agency, providing strong financials shows that you run your business profitably and know how to manage all of the financial obligations that come along with it, lowering your bond pricing.


Eric is an industry expert that specializes in taking complex surety concepts and explaining them in terms that make sense to the general public. He also manages the JW Surety Bonds website and works with various partners to help further educate the public on suretyship using various mediums.

What our clients have to say

Paige Cotcamp
"I would recommend them highly if you are in the market for surety bonds or similar products."
Ulli Bisono
"When I told them how urgent my request was, they pulled out all the stops and got it done in record time - amazing!"
Eric McMullen
"JW Surety Bonds was able to get me what I needed and gave me the best price of all the bond companies I received quotes from."
Hilda Morfi
"As a small business owner I was looking for a bond company that could issue me a bond at a rate I could afford, and JW Surety Bond by far gave me the best quote."
Stewart Prosser
"Patsy Tinsman seems to always have the answers and goes above and beyond the call of duty to make sure we are taken care of in a timely manner. The personal service she provides makes us think we are her only client..."
Jack Duff
"JW Surety Bonds has continued to meet or exceed my expectations in the past 3 years of business relations."
Jason Webster
"I had a very time sensitive issue that I was needing assistance on. Cori got back to me right away (within minutes) and followed up with me constantly until we had resolved the issue."