Surety Bond Costs

The cost of a surety bond is a small percentage of the total bond amount, known as the premium.

Most applicants pay between 1% and 10% of the bond amount, with stronger applicants typically falling in the 1–3% range. 

What Does That Look Like?

• $10,000 bond → $100 – $1,000

• $50,000 bond → $500 – $5,000

• $100,000 bond → $1,000 – $10,000

You are not paying the full bond amount—only the premium. 

What Determines Your Bond Cost?

Surety companies price bonds based on risk. Key factors include:

• Credit score (most important)

• Bond type (license, contract, court, etc.)

• Bond amount

• Financial strength

• Business experience

Applicants with strong credit and financials typically qualify for the lowest rates. 

Cost by Credit Profile (Typical)

• Excellent credit (700+) → ~1% – 3%

• Average credit → ~3% – 7%

• Challenged credit → ~7% – 15%

Higher risk = higher premium.

Do You Pay This Annually?

• License & permit bonds → usually annual payments

• Contract bonds → typically one-time cost per project

• Court bonds → varies depending on case

Important Clarification

• Bond Amount = total coverage required by law

• Bond Cost = what you actually pay (small percentage)

Example:
A $50,000 bond does not cost $50,000 — you may only pay $500–$1,500.

How to Get the Lowest Rate

• Maintain strong credit

• Provide financial statements (for larger bonds)

• Show industry experience

• Apply with a reputable agency

Contact Junno LLC

Fast quotes. Competitive rates. Simple process.

Junno LLC
📞 (762) 499-0237