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Applicants with good credit pay premiums of up to 2.5% of the bond amount. For a $10,000 surety bond, this translates into an annual payment of $100 to $250.
Applicants with a lower credit score, on the other hand, can expect a premium between $250 to $1,000.

It’s important to remember that these are rough estimates and other factors can influence the price of your surety bond.
What Factors Determine the Cost of Your $10,000 Surety Bond?
The cost of a $10,000 surety bond is influenced by several factors that collectively contribute to the overall assessment of risk and consequently the bond premium:
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Your credit score is the primary factor affecting the bond premium. As mentioned, higher credit scores can lead to lower premiums, while lower scores may increase costs. The table below contains a ballpark estimate of expected premiums for a $10,000 surety bond based on three different credit score brackets:
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Bond type: Different types of surety bonds can carry different levels of risk. The specific terms and conditions of the bond play a crucial role in setting the premium.
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Industry experience: Applicants with more industry experience may be perceived as lower risk, potentially reducing bond costs.
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The financial stability of your business can influence the bond premium, as stronger financials suggest a lower risk for claims.
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A history of claims can increase the cost of your bond as it suggests a higher risk to the surety.
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Location: Regulatory requirements vary by state, and so do bond costs. The jurisdiction where the bond is required can affect the premium due to different statutory risks and costs.
For more useful tips and information about reducing your premiums, check out our surety bond cost guide.
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How to Get a $10,000 Surety Bond with Bad Credit
Obtaining a surety bond with bad credit can be challenging, as some bond companies may hesitate to take on the increased risk.
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
Contractor License Bonds
Frequently Asked Questions
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