Pricing & Payment Policies

How much does a surety bond cost?

Surety bond costs typically range from 0.5% to 15% of the total bond amount depending on the type of bond, the term, and the applicant’s financial strength. Many bonds through NNA Surety are offered at a flat rate to all applicants and don’t require a credit check or financial qualification.

Applicants with strong personal credit usually pay between 0.5-1.5% annually for license and permit bonds, while those with higher risk profiles or applying for higher-risk bond types may pay between 3-5%.

How does NNA Surety determine the surety bond premium?

The premium of your surety bond is determined by:

Personal credit score: Higher credit scores typically result in lower rates
Bond type and amount: The required bond liability amount and category
Financial strength: Your business and personal financials
Industry experience: Your track record and years in business
Risk level: The obligations guaranteed by the bond
Jurisdiction: State or local requirements may affect pricing

Can I get a surety bond with bad credit?

Yes. While applicants with good credit receive the best rates, NNA Surety Bonds works with specialized bond programs designed to help individuals with poor credit, bankruptcies, tax liens, or other credit challenges obtain the bonds they need. These programs typically charge higher premiums to offset the increased risk.

Learn more about getting a surety bond with bad credit.

Do I have to pay the full bond amount upfront?

No. You only pay a percentage of the bond amount as your premium. For example, if you need a $10,000 bond and your rate is 2%, you will pay $200 annually. The full bond amount represents the maximum financial guarantee and not what you pay to secure the bond.

Is there an application fee?

No. There is no cost to apply for a surety bond with NNA Surety Bonds. You'll receive a quote based on your application, and you only pay if you decide to purchase the bond.

When do I need to pay for my bond?

Surety providers typically require full payment before issuing your bond. NNA Surety Bonds accepts credit and debit cards for convenient payment processing. All surety bond premiums are considered 100% earned upon payment of the full premium, and pro-rata refunds are not available for cancelations.

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