Several factors can affect a bond’s pricing, starting with its inherent risk. Low-risk bonds, such as notary bonds, can be issued instantly for a low, flat rate without a credit review. Bonds with more risk, such as sales tax 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 bond amount. For example, a $25,000 auto dealer bond would cost just $250-$750 provided the applicant qualifies for a standard market.
To determine the exact cost of your surety bond in Missouri, request a free quote online instantly. Or, consult with a surety expert by calling 1 (800) 308-4358. SuretyBonds.com will work with you to find the lowest available rate.