The risk associated with the type of bond you need can affect its price. Defective title bonds, for example, involve little risk, so they’re typically issued instantly for a flat rate without a credit check. Motor vehicle dealer bonds, on the other hand, involve more risk, so an underwriting review determines exact pricing.
Standard market rates for bonds subject to underwriting are typically 1-3% of the bond amount. For example, a $10,000 wholesale vehicle dealer bond would cost just $100-$300 provided the applicant qualifies for a standard market.
Consulting a surety expert is the best way to determine your exact surety bond cost in California. You can request a free quote instantly online, or you can call 1 (800) 308-4358 to speak with an experienced bond specialist. SuretyBonds.com will work with you to find the lowest available premium.