Surety bond rates are determined by considering the bond’s risk combined with the applicant’s risk. Bonds that are considered low-risk, such as notary bonds and certificate of title bonds, can be issued without a credit check for a low, flat rate. Bonds that have inherently greater risks, such as auto dealer bonds, usually require underwriting consideration.
For bonds subject to underwriting, standard market rates are typically just 1-3% of the bond amount. For example, a $25,000 bond would cost just $250 to $750 provided the applicant qualifies for a standard market.
Consulting a surety expert is the best way to determine your exact surety bond cost in Arkansas. You can request your free quote online instantly, or you can give us a call at 1 (800) 308-4358 to speak with one of our experienced bond specialists. We’ll work with you to get the bond you need for the lowest available rate.