Several factors can affect how much your surety bond will cost. The primary factor is the risk associated with the needed bond type. Low-risk bonds such as notary bonds, for example, can be issued instantly for a low, flat rate without a credit check. Bonds with more risk, such as oil and gas well bonds, are subject to underwriting consideration since the likelihood for claims is greater.
Standard market rates for bonds that require underwriting typically fall between 1-3% of the bond amount. For example, a $50,000 vehicle dealer’s license bond would cost just $500 to $1,500 provided the applicant qualifies for a standard market.
Consulting a surety expert is the best way to determine your exact surety bond cost in Montana. You can request a free quote online instantly, or call 1 (800) 308-4358 to speak with an experienced bond specialist. We’ll work with you to get the bond you need for the lowest available rate.