Several factors can influence a surety bond’s cost, primarily the risk associated with the bond type. If you need an Indiana bond that has limited risk, such as a notary bond, you’ll receive an instantly approved rate without undergoing a credit check. If you need a bond that’s considered to be high-risk, such as a credit services organization bond, your bond premium will be subject to underwriting consideration.
Standard market rates for bonds that require underwriting typically fall between 1-3% of the bond amount. For example, applicants who qualify for a standard market would pay just $250-$750 for a $25,000 vehicle dealer bond.
The best way to determine your exact surety bond cost is to consult a surety expert. Request a free quote online now, or call 1 (800) 308-4358 to speak with an experienced bond specialist. We’ll work with you to provide the lowest available rate for your needs.