Several factors might affect a surety bond’s cost in West Virginia. The first indication is the risk associated with the specific type of bond needed. Bonds with limited risk, such as collection agency bonds, can be issued instantly without a credit check for a low, flat rate. Pricing for bonds with inherently higher risk, such as brewer importer bonds, is determined during an underwriting process.
Premiums for underwritten bonds start at just 1-3% of the bond amount. This means a $25,000 motor vehicle dealer bond typically costs just $250-$750 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 you can call 1 (800) 308-4358 to speak with an experienced bond specialist. Our team works to provide the lowest available rate to every applicant.