The first factor that affects a surety bond’s cost is the risk associated with the bond type. Bonds that have minimal risk, such as notary bonds, can be issued instantly for a flat rate without a credit review. Bonds with greater risk, such as collection agency bonds, are often subject to underwriting consideration.
Standard market rates for bonds subject to underwriting are typically just 1-3% of the bond amount. For example, a $20,000 auto dealer bond would cost just $200 to $600 provided the applicant qualifies for a standard market.
Consulting a surety expert is the best way to determine your exact surety bond cost in Idaho. You can request your free quote online instantly, or call 1 (800) 308-4358 to speak with an experienced bond specialist. SuretyBonds.com will work to provide your bond for the lowest available rate.