Surety bonds can be a misunderstood startup expense for entrepreneurs and working professionals. Although a few factors could affect your Oklahoma surety bond cost, the risk associated with your specific bond type is the primary indicator. Low-risk bonds, such as those required for notaries, can typically be issued instantly without a credit check for a low, flat rate. Riskier bonds, such as those required to ensure utility payments, typically require underwriting consideration before pricing can be provided.
Standard market rates for underwritten bonds are typically calculated at 1-3% of the bond amount. For example, a $25,000 motor vehicle dealer bond would cost just $250-$750 for applicants who qualify for a standard market.
To find out exactly what your bond will cost in Oklahoma, request a free quote online, or call 1 (800) 308-4358. Our experts work with you to provide the lowest available rate for your bond.