“How much will my surety bond cost?” is the most common question clients ask us. The risk associated with your needed bond type is the first factor that affects its cost. Low-risk bonds, such as certificate of title bonds, can be issued instantly without a credit check for a low, flat rate. Bonds that have greater risk, such as driver training school bonds, are often subject to underwriting consideration.
For bond types subject to underwriting, standard market rates are typically just 1-3% of the bond amount. For example, a $25,000 motor vehicle 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 your bond cost in Massachusetts. You can request your free quote online instantly, or call 1 (800) 308-4358 to speak with a surety expert. We’ll work with you to find the lowest available rate for your needs.