Every day new clients come to us asking, “How much will my surety bond cost?” Several factors can impact bond premiums in Wisconsin. The primary indicator is 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. Pricing for bonds considered to be high-risk, such as boxing promoter bonds, is determined during an underwriting process.
Standard market rates for bonds that require underwriting are typically calculated at 1-3% of the bond amount. For example, a $50,000 auto dealer bond typically costs just $500-$750 for applicants who qualify for standard markets.
The best way to determine your exact premium is to consult a surety expert. You can request a fast and free quote online instantly or by calling 1 (800) 308-4358. Our team will work with you to provide the lowest rate available for your request.