A few factors could impact how much your surety bond will cost in Rhode Island. The bond’s risk is typically the first indicator. For example, auctioneer bonds involve limited risk, so they can usually be issued quickly for a low rate. Auto dealer license bonds, however, are considered to be risky, so underwriting consideration is often required to finalize premiums.
Pricing for underwritten accounts typically starts at 1-3% of the bond amount. For example, a $20,000 loan broker bond would cost just $200-$600 for applicants qualified for a standard market.
SuretyBonds.com is dedicated to finding the lowest available rate for every client. Requesting a free surety bond quote is the best way to determine your exact premium. Call 1 (800) 308-4358 to speak with a bond expert, or request a free quote online by filling out our quick and easy form.