For many business owners, surety bonds are a confusing startup expense, so we’re often asked to explain what determines pricing. Although a few factors can affect your surety bond cost in Florida, the risk associated with your specific request has the largest impact on how much you’ll pay. Certificate of title bonds, for example, are classified as low-risk, so they’re typically issued instantly without a credit check for a low, flat rate. High-risk bonds, such as those for telemarketers, are priced based on an underwriting review.
Standard market premiums for underwritten accounts are typically 1-3% of the bond amount. For example, an applicant who qualifies for a standard market would pay just $250-$750 for a $25,000 auto dealer bond.
Consulting a surety expert is the best way to determine your exact surety bond cost. You can request your free quote instantly online or by calling 1 (800) 308-4358. Your personal bond specialist will work with you to find the lowest available rate for your bonding needs.
