The first question clients typically ask us is, “How much will my surety bond cost?” Our experts can answer that question quickly and easily. The type of bond needed will directly affect your premium. Low-risk bonds, such as automobile insurance fund producer bonds, can be issued instantly for a flat rate. Bonds that have a higher degree of risk, such as home improvement contractor bonds, typically require underwriting consideration before pricing can be provided.
For bonds subject to underwriting, standard market rates typically fall between 1-3% of the required bond amount. For example, a $25,000 auto dealer bond would cost just $250 to $750 provided the applicant qualifies for a standard market.
To determine your exact surety bond cost in Maryland quickly and easily, simply ask a surety expert. You can request your free quote online instantly, or call 1 (800) 308-4358 to discuss your needs. SuretyBonds.com works with you to provide the lowest available rate for your bond.