How much does a $10,000 surety bond cost?

You can get the exact price of your $10,000 only after a bond underwriter has reviewed your application, but you can get a ballpark estimate based on your credit score. Applicants with good credit (above 650) mostly pay premiums in the range of 0.75% to 2.5%, which translates into annual payments between $100 and $250. Bad credit applicants, on the other hand, can expect a premium between 2.5% and 10% or $250 to $1000 annually.

$10,000 surety bond cost


Keep in mind that these are rough estimates and some exceptions apply, as is the case with contract bonds, whose premiums can often exceed 10% because they are considered high risk by bonding companies.

The table below contains a bit more detailed information on expected premiums based on four different credit score brackets.

Surety Bond Cost by Credit Score
Surety Bond Amount Above 700 Between 650-699 Between 600-649 Below 599
$10,000 $100-$150 $100-$250 $250-$500 $500-$1000

You credit score is undoubtedly the most important determinant of your surety bond cost. However, several other factors can also play an important role, especially when taken together. Consult our How Much Does a Surety Bond Cost? guide for some useful tips and information about reducing your premiums.

How to get a $10,000 surety bond with bad credit

Obtaining a surety bond with bad credit can be a bit more difficult because some bonding companies are unwilling to assume the higher risk that they imply.

To help applicants who struggle with their credit history, we offer the Bad Credit Program, thanks to which applicants get access to the strongest bond providers in the U.S. If you are worried about the high cost of getting bonded with bad credit, our surety agents can help you make your application stronger before you submit it to underwriters.

Most Common $10,000 Surety Bonds

Motor Vehicle Dealer Bonds

Several different states require motor vehicle dealers holding various licenses to post a $10,000 surety bond. For example, California has a $10,000 requirement for motorcycle, all-terrain and wholesale-only dealers.

New York on the other hand, requires that amount for used-car dealers who sell less than 200 vehicles per year.

Contractor License Bonds

The contractor license bond amount is $10,000 for many states, cities and municipalities. A lot of cities and municipalities in Illinois, Nevada and Oregon might require a contractor license bond in that amount.

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