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The cost of a $25,000 varies mostly based on the applicant’s credit score. Usually, applicants with a FICO of 650 or more pay an annual premium of 0.75% to 2.5% or between $187 and $625. Applicants with credit issues can expect premiums in a range between 2.5% to 10%, i.e. annual payments between $625 and $2,500.
Contract bonds are usually the exception, because underwriters consider them as high-risk bonds and therefore often give quotes in excess of 10%.
Take a look at the table below where bond premiums are divided based on the credit bracket the applicant is in.
| Surety Bond Cost by Credit Score | ||||
|---|---|---|---|---|
| Surety Bond Amount | Above 700 | Between 650-699 | Between 600-649 | Below 599 |
| $25,000 | $187,5-$375 | $250-$625 | $625-$1,250 | $1,250-$2,500 |
If your credit score is raising your premium too much, you can submit additional details which can strengthen your application. Our How Much Does a Surety Bond Cost? guide contains some valuable tips which can substantially reduce your bonding cost.
How to get a $25,000 surety bond if you have bad credit
Applicants with bad credit pay higher premiums, because surety bond companies perceive them as higher risk. If a holder of a surety bond triggers a claim, the surety is legally responsible too. For this reason some underwriters may refuse to get a bad credit applicant bonded.
To help our clients overcome their credit difficulties, we created the Bad Credit Program. In our experience, 99% of applicants can still get their bond thanks to it. Two exceptions are applicants with open bankruptcies or late child support payments.
Most Common $25,000 Surety Bonds
Auto Dealer Bonds
Contractor License Bonds
Seller of Travel
Mortgage Broker Bonds
Frequently Asked Questions
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