One of the most common questions we receive at Blaikie Group is: “How much does a surety bond cost?” While surety bond cost varies depending on several factors, our goal is always the same—to deliver the lowest possible rate with fast, hassle-free service. As one of the nation’s largest surety bond service providers, we use our volume and experience to get you bonded quickly and affordably.

What Affects Surety Bond Cost?

Surety bond cost is determined by a combination of factors, including:

• Bond Type: Different types of surety bonds carry different risk levels. For example, a construction performance bond will typically cost more than a notary bond or license bond.
• Bond Amount (Penal Sum): This is the total amount the bond guarantees. The surety bond cost is typically a small percentage of this amount, often ranging from 1% to 15% based on risk and credit.
• Applicant Credit Score: Personal or business credit history is a key factor. Strong credit may lead to lower rates, while poor credit may require higher premiums or additional underwriting.
• Business Experience: Applicants with proven industry experience, established financials, and a track record of reliability may qualify for better rates on their surety bond.
• Obligee Requirements: Government agencies or private project owners may set unique bond requirements that can affect pricing.

How Much Does a Surety Bond Cost?

Most standard surety bonds range in cost between 1% and 10% of the bond amount. For example, a $10,000 surety bond may cost as little as $100 to $500 annually for applicants with good credit. High-risk applicants may pay more. Premiums are usually paid annually, and some bonds may be subject to multi-year pricing discounts or renewal fees.

At Blaikie Group, we believe in total transparency. We’ll provide a free surety bond quote with no obligation—so you know your exact cost upfront.

Examples of Surety Bond Cost by Type

• Contract Bonds: Typically 1%–3% for qualified contractors. These include bid bonds, performance bonds, and payment bonds.
• License & Permit Bonds: Range from $100 to $500 annually depending on the bond amount and applicant’s credit.
• Court Bonds: May range from 2%–10% of the bond amount, depending on the complexity and risk.
• Fidelity Bonds: Priced based on employee count and coverage amount. Typically $100–$300 annually per employee.

Can You Get a Surety Bond with Bad Credit?

Yes. Blaikie Group works with a wide network of surety carriers that offer flexible programs for individuals and businesses with low or challenged credit. While rates may be higher, we always work to find the most competitive solution for your situation.

How to Lower Your Surety Bond Cost

• Improve your credit score and financial standing before applying.
• Work with a high-volume agency like Blaikie Group that has access to competitive markets.
• Maintain consistent business operations and strong references.
• Ask about multi-year premium discounts if available for your bond type.

Why Choose Blaikie Group for Your Surety Bond?

• Free Quotes: No-obligation surety bond quotes delivered fast.
• Lowest Rates: We negotiate the best possible pricing through our national volume.
• Dedicated Claim Specialists: If a claim arises, we’re on your side every step of the way.
• All Surety Bond Types: From license bonds to contract and court bonds, we issue every surety bond you need.

Request a Free Surety Bond Quote Today

Understanding your surety bond cost is the first step to getting bonded. Blaikie Group makes the process easy, transparent, and affordable. Whether you’re a contractor, business owner, or legal professional, our experts will help you secure the right surety bond at the right price.

Contact us today for a free surety bond quote—fast, easy, and with the lowest rates in the nation.