So, how much does a surety bond cost in Wyoming? The exact answer depends on a few factors, primarily the risk associated with the needed bond type. Bonds with limited risk, such as notary bonds, can be issued instantly for a low rate without a credit check. Bonds with high risk, such as mortgage lender and broker bonds, typically require underwriting consideration.
Standard market rates for underwritten bonds are typically calculated at 1-3% of the bond amount. For example, a $25,000 vehicle dealer bond would cost just $250-$750 for clients who qualify for standard markets.
Consulting a surety expert is the best way to determine exactly what you’ll pay for a bond. You can request a free quote online instantly, or you can call 1 (800) 308-4358 to speak with an experienced bond specialist. SuretyBonds.com works to provide a low rate for every client.