The most frequently asked question our surety experts receive every day is, “How much will my surety bond cost?” A number of factors could affect the price you’ll pay, but the first indicator is the risk associated the type of bond needed.
Low-risk bonds, such as certificate of title bonds, are typically issued instantly for a flat rate without a credit check. Bonds considered to have higher risk, such as motor fuel distributor bonds, typically require underwriting consideration. When bonds are subject to underwriting, standard market rates are typically just 1-3% of the bond amount. For example, a $25,000 vehicle dealer’s bond would cost just $250 to $750 provided the applicant qualifies for a standard market.
To determine what you’ll pay for a surety bond in New Hampshire, consult with a surety expert who can provide exact pricing based on the risk. You can request your free quote online instantly, or call 1 (800) 308-4358 to speak with an experienced bond specialist. SuretyBonds.com works with you to provide your bond for the lowest available rate.