Several factors can affect surety bond premiums, starting with the risk associated with the specific surety bond type. Low-risk bonds, such as those for notaries, can be issued instantly for a low, flat rate without a credit review. Bonds with more risk, such as those for auto dealers, typically require underwriting consideration before pricing can be provided.
Rates for bonds subject to underwriting usually start at 1-3% of the bond amount. For example, a $50,000 taximeter service bond would cost just $500-$1,500 for applicants who qualify for a standard market.
To determine the exact cost of your surety bond in Washington, D.C., request a free quote online instantly. Or, call 1 (800) 308-4358 to speak with a bond expert who can answer all of your questions. SuretyBonds.com strives to provide the lowest available rate to all applicants.