Estimate of Your Surety Bond Cost
This calculator can give you an estimated range for the price of your surety bond.
Some of the price ranges can be large. Below the calculator, additional information is outlined so when you get the actual price of your surety bond, it will make sense.
In order to use the calculator, you will need to know the following:
- Type of surety bond you need
- Bond amount or coverage you need to purchase
If you don't know the type of surety bond or the bond amount you need, call us today at 800-608-9950 adn a bond specialist will help find your bond and get the correct amount so we can get you actual pricing within one business day.
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Many bonds have set fixed prices!
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Common Bond Prices:
If you need a surety bond as part of getting your business or individual license, choose "License and Permit Bonds."
Surety Bond Price Calculator
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Please note that estimates are for informational and reference purposes only and do not qualify as an offer price.
Understand Surety Bond Price Ranges
Ultimately, every surety bond is priced by a surety. A surety is an insurance company that underwrites surety bonds. Certain sureties specialize in specific types of surety bonds while others issue a wider variety of surety bonds.
If you're confused by surety bonds, you may want to read What is a surety bond? or watch a quick video.
Surety bonds are what we do. We give you access to the highest A-rated sureties so you can get the lowest possible price.
Below are some of the primary reasons price ranges can be so large. For a more in-depth explaination, see our article explaining why surety bonds cost vary.
Underwriting Criteria - Personal Credit and Experience
The process of determining the rate for a given individual or company is called "surety underwriting" and for the majority of surety bonds, the surety will determine the price based on these primary factors of the owner or owners:
- Personal credit
- Industry experience
- Years in business
- Previous bonding history
Personal credit is typically the primary factor for cost and approval. And as you would imagine the lower the owner's credit scores the higher the price and vice versa.
Surety Bond Rate Tiers
Some surety bonds will have "tiered rates." This means that there are multiple prices for the bond (with a specific surety) based on underwriting factors such as personal credit, experience, years in business, business financial statements, etc.
Other surety bonds —or, the same surety bond with a different surety— will have only 1 price available for that surety.
Regardless of how many different rates are available with a specific surety, the underwriting process will also determine if the applicant is eligible at all... so the surety may decline to offer any rate based on their underwriting guidelines.
Your bond specialist's job at Surety Bonds Direct is to act as your "personal shopper" and get rates from multiple sureties to find the best rate available for you.
Some Surety Bonds Don't Require a Credit Check at All
For certain types of surety bonds no credit inquiry is needed. Essentially, this is the case when the surety has determined that the bond doesn't present a great risk, so they do not want to undergo the underwriting process. There's a bit more to it than that, but that's the biggest factor!
Because Surety Bonds Direct works with a variety of sureties, we can help you obtain many surety bonds without a credit check.
Although most no-credit-required surety bond prices are relatively low (1%-2%), there are some bonds where a credit check for those with strong credit scores and credit reports can get an even lower price. These cases aren't common, and your bond specialist will advise you if this applies in your particular case.