How Much Does a Surety Bond Cost?

A surety bond is a three-party agreement among the surety company, the contractor (principal), and the owner (obligee).  The surety company assures the owner, through the surety bond, that the contractor will perform the contract.  A surety bond is not an insurance policy, although the issuing party of the surety bond is most often an insurance company.  It is the owner who specifies the bond agreement in the contract documents.

The contractor or principal assumes the obligations to fulfill the contract agreement between them and the owner, while the owner is the recipient of the obligation.  The surety company is simply the go-between of the other two parties, making sure that everything is done fairly in a timely manner.

How much does it cost?

Bond Rate

Bond Amount

$10,000

$15,000

$20,000

$25,000

$30,000

$35,000

$40,000

$45,000

$50,000

1%

$100

$150

$200

$250

$300

$350

$400

$450

$500

2%

$200

$300

$400

$500

$600

$700

$800

$900

$1,000

3%

$300

$450

$600

$750

$900

$1,050

$1,200

$1,350

$1,500

4%

$400

$600

$800

$1,000

$1,200

$1,400

$1,600

$1,800

$2,000

5%

$500

$750

$1,000

$1,250

$1,500

$1,750

$2,000

$2,250

$2,500

6%

$600

$900

$1,200

$1,500

$1,800

$2,100

$2,400

$2,700

$3,000

7%

$700

$1,050

$1,400

$1,750

$2,100

$2,450

$2,800

$3,150

$3,500

8%

$800

$1,200

$1,600

$2,000

$2,400

$2,800

$3,200

$3,600

$4,000

9%

$900

$1,350

$1,800

$2,250

$2,700

$3,150

$3,600

$4,050

$4,500

10%

$1,000

$1,500

$2,000

$2,500

$3,000

$3,500

$4,000

$4,500

$5,000

11%

$1,100

$1,650

$2,200

$2,750

$3,300

$3,850

$4,400

$4,950

$5,500

12%

$1,200$1,800

$2,400

$3,000

$3,600

$4,200

$4,800

$5,400

$6,000

13%

$1,300$1,950

$2,600

$3,250

$3,900

$4,550

$5,200

$5,850

$6,500

14%

$1,400$2,100

$2,800

$3,500

$4,200

$4,900

$5,600

$6,300

$7,000

15%

$1,500$2,250

$3,000

$3,750

$4,500

$5,250

$6,000

$6,750

$7,500

What is going to be included?

What are the extra costs?

Factors that influence the price:

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Average Reported Cost: $0

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Less Expensive $1 $1.5K $3K $5K $6.5K More Expensive $8k

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