Although a few factors can affect your surety bond cost in Connecticut, the risk associated with your specific bond type has the largest impact on your premium. Certificate of title bonds are considered to have minimal risk, so they’re typically issued instantly without a credit check for a low, flat rate. Premiums for bonds with higher risk, such as those for vehicle dealers, are typically subject to underwriting consideration.
Standard market underwriters typically calculate premiums at 1-3% of the bond amount. For example, a $25,000 collection agency bond typically costs just $250-$750 for applicants qualified for standard markets.
Consulting a surety expert is the best way to determine your exact surety bond cost. Request a free quote instantly online or by calling 1 (800) 308-4358. Your personal bond specialist will work to find the lowest available rate for your request.