The risk associated with the type of bond needed will affect its cost. Low-risk bonds, such as those needed for notaries, can be issued instantly for a low rate without a credit check. Pricing for high-risk bonds, such as those needed for auto dealers, is subject to underwriting.
Underwriters typically quote standard accounts at rates of 1-3%. For example, applicants who qualify for a standard market would pay just $100-$300 for a $10,000 designated agent bond.
Consulting a surety expert is the best way to determine what you'll pay for a surety bond in Alabama. You can request a free quote online instantly or by calling 1 (800) 308-4358 to speak with an experienced bond specialist. SuretyBonds.com works with you to find the lowest available rate for your needs.