How much does a $25,000 surety bond cost?

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.

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