A number of factors can affect how much your surety bond will cost in Pennsylvania, primarily the risk associated with the exact bond type. For example, notary bonds have limited risk, so they can typically be issued instantly for a low, flat rate without a credit check. Mortgage originator bonds, on the other hand, have high risk, so underwriting consideration is typically required to determine pricing.
Rates for bonds underwritten in standard markets typically fall between 1-3% of the bond amount. For example, a $20,000 motor vehicle dealer bond would cost just $200-$600 for applicants who qualify for a standard market.
Requesting a free surety bond quote is the best way to determine your exact premium. SuretyBonds.com is dedicated to providing every client with the bond they need for the lowest rate available. You can contact a surety expert online or by calling 1 (800) 308-4358.