What Does a Bond Cost?
This is our most common question and unfortunately its the one with the least straight forward answer. Though a commercial bond annual premium tends to fall between 1% and 14% of the bond size, this is a larger range and there can be exceptions. Read on to learn how to estimate where your bond cost should fall, and what you can do to reduce it. All of our bonding companies are U.S. Treasury listed
Are you new to Bonding? Learn the in’s and out’s of the bonding process as well as the five key pieces of information you will need to apply for your surety bond. This information will not just make the process smoother, but it can also help you reduce the cost of your surety bond.
Surety bonds and insurance are two completely different terms. Simply put, an insurance protects your business and surety bonds protect the public. If you want to get Bonded and Insured, the insurance aspect could refer to Fidelity Bonds, which protect your business from employee dishonesty.
- Required by the state
- Also known as the DMV Bond
- Bond amount varies per state
- Required by the local government
- Needed to obtain a contractor license
- Available bad credit bond program
- No Collateral Required
- All Credit Types Approved
- Required by the MVD or DMV
- Performance Bond
- Payment Bond
- Bid Bond
Good & Bad Credit Expertise
While it is true that bad credit makes it harder to obtain a competitive quote, we are committed to making sure all of our customers have access to the best possible rates. While we can’t guarantee that we can provide a bond for the most extreme bad credit situations, we strive to make sure no stone is unturned! In other words, if you are insurable, we will get it written.
Choice One Insurance Inc, 5832 W Camelback Rd Glendale AZ 85301 Office 623-934-1701 Fax 623-321-6029 Email