“How much will my surety bond cost?” is the most common question clients have. Your premium will be based on the risk associated with the application. Notary bonds, for example, involve little risk, so they can be issued instantly for a low, flat rate. Motor vehicle dealer bonds, however, involve a high amount of risk, so pricing is determined during an underwriting process.
Rates for bonds that require underwriting usually start at 1-3% of the bond amount. For example, a $50,000 telemarketer bond would cost just $500-$1,500 for applicants qualified for a standard market.
To determine your exact surety bond cost in Kentucky, you should consult a surety expert. You can request a free quote without obligation online, or you can call 1 (800) 308-4358 to speak with a bond expert about pricing. Our team strives to provide every client with the lowest premium possible.