Surety Bond Cost

Surety bonds are not something people wake up and say, “Oh, I think I’d like to get myself a surety bond today.” The fact is, you’re reading this because someone is requiring you to obtain a surety bond in order to conduct some type of business or service. As soon as you discovered that you needed a surety bond, you might have asked yourself, “what is the cost of a surety bond?” We’ll try to help you come to grips with your surety bond requirement.

When trying to determine your surety bond cost, it helps to first understand up all the parameters that go into creating a surety bond quote. The reason one needs a surety bond to begin with is because they are involved in something with risk. There’s risk involved in the activity around which the surety bond is required for. One of the primary elements of that risk is the surety bond applicant’s credit rating. For someone with good credit, for example, the surety bond costs can be less than 4% of the bond amount.


For example, an Oregon contractor’s license bond typically has a face value of $15,000. So a contractor in Oregon with good credit would pay roughly $400 for this surety bond. Credit Score Matters and is the primary determining factor in the cost of the bond. Compare that with someone with a poor credit rating. It’s very hard to give rough estimates for bad credit surety bonds. Fortunately, specializes in credit surety bonds, and we are confident that we can provide the lowest cost a credit surety bonds, and it’s a credit is so bad that we cannot provide a surety bond, and chances are nobody can.


Bad credit surety bonds can cost up to 20% of the bond face value. In the example of the Oregon contractor license bond, that means that the cost of the surety bond would be up to $3000 for someone with poor credit. For this reason, it is imperative that individuals with poor credit engage an expert at to make sure they get the best possible surety bond quote. How do I apply for a surety bond?

Credit ScoreYears in businessPrice range (% of bond amount)
over 700more than 31.5% to 2%
over 7002-31.5% to 2%
over 700Less than 23% to 5%
650 – 700More than 33% to 10%
650 – 7002-35% to 13%
650 – 700Less than 25% to 15%
600 – 650any7.5% to 15%
550 – 600any12.5% to 17%
under 550any15% to 20%

To qualify for a surety bond, the following eligibility requirements must be met:

US Citizen

No bankruptcy in progress

No unsatisfied judgements and/or liens in excess of $1,500

No past due child support

No open or prior surety paid claims

Obtaining a surety bond

is quite simple. First we simply need to collect your personal information, and ask just a few questions. Because of the importance of credit history in the surety bond application process, we need to have your personal information to do a credit history check. The entire process only takes a few minutes. After we receive the application, we can usually get a surety bond quote back to you in a few hours or less, but rarely does it take longer than 24 hours.