The risk associated with a specific bond type directly impacts its cost. For example, Mississippi notary bonds are considered to be low risk, so they can be issued instantly without a credit check for just $50. Bonds with high risk, such as utility bonds, require underwriting consideration before pricing can be provided.
When quoting premiums for bonds that require underwriting, rates are typically calculated at 1-3% of the bond amount. For example, a $15,000 motor vehicle dealer bond typically costs just $150-$450 for applicants who qualify for the standard market.
Requesting a free surety bond quote is the best way to determine your exact surety bond cost in Mississippi. You can contact us now online or call 1 (800) 308-4358 to speak with an experienced bond specialist. SuretyBonds.com works to help every client find the lowest rate available.