A few factors could affect how much your surety bond will cost in Iowa, starting with the risk associated with the exact bond type needed. Bonds considered to have limited risk, such as those for public adjusters, can usually be issued for low rates without a credit review. Bonds considered to have high risk, such as those for motor vehicle dealers, typically require underwriting consideration before pricing can be determined.
Rates for most underwritten accounts start at 1-3% of the bond amount. For example, a $25,000 travel trailer dealer bond would cost just $250-$750 provided the applicant qualifies for a standard market.
Consulting a surety expert is the best way to determine exactly what you’ll pay. Call 1 (800) 308-4358 to speak with an experienced bond specialist, or request a free quote online now. Our team will work with you to find the lowest available rate for your needs.