A number of factors can influence the cost of your surety bond in Alaska, primarily the risk associated with the bond type. Bonds with limited risk, such as those for notaries, are typically issued instantly for a low rate without a credit check. Bonds considered to be risky, such as those for auto dealers, typically require underwriting consideration to determine pricing.
Rates for accounts that require underwriting typically start at 1-3% of the bond amount. For example, applicants who qualify for a standard market usually pay $250-$750 for a $25,000 contractor license bond.
Consulting a surety expert is the best way to determine your exact surety bond cost. You can request a free quote online instantly or by calling 1 (800) 308-4358. Our team works to provide every applicant with the lowest available rate.