Several factors can impact how much your surety bond will cost in Washington. The first indication depends on the risk associated with the bond type. Low-risk bonds, such as notary bonds, can be issued instantly without a credit check for a low, flat rate. Bonds with inherently higher risk, such as vehicle dealer bonds, are subject to underwriting consideration.
Standard market rates for bonds that require underwriting typically fall between 1-3% of the bond amount. So, a $12,000 continuous contractor bond typically costs $120-$360 for applicants who qualify for a standard market.
Consulting a surety expert is the best way to determine your exact surety bond cost. You can request your free quote online instantly, or call 1 (800) 308-4358 to speak with an experienced bond specialist. SuretyBonds.com will work with you to find the lowest available rate.