The primary factor that affects surety bond costs is the risk associated with the exact bond type needed. Bonds with limited risk, such as notary bonds, can be issued instantly without a credit check. Riskier bonds, such as motor vehicle dealer bonds, require underwriting consideration to determine pricing.
Standard rates for bonds that require undewrwriting typically fall between 1-3% of the bond amount. For example, a $15,000 residential builder bond would cost just $150-$450 provided the applicant qualifies for a standard market.
The best way to determine your exact surety bond cost in South Carolina is to consult a surety expert. You can request your free quote online instantly, or you can call 1 (800) 308-4358 to speak with an experienced bond specialist. We’ll work with you to provide the lowest available rate for your bonding needs.