Surety Bond Calculator

Calculate surety bond premium based on bond amount, credit score, business experience, and bond type.

Financial Disclaimer

This calculator is for educational purposes only and does not constitute financial advice. Results are estimates based on the inputs provided. Consult a qualified financial advisor before making investment or financial planning decisions.

Inputs

Bond Amount

Personal Credit Score

Years in Business

Financial Strength

Bond Type

Tab to move between fields

Results

Annual Bond Premium

$6,900.00

≈ 7 smartphones

Monthly Premium$575.00

Premium Rate1.38%

Bond Amount$500,000.00

How to Use This Calculator

Enter the bond amount required by the contract or license.
Select the bond type (contractor license, performance, payment, or court bond).
Input your personal credit score range.
Review the estimated bond premium (typically 1–15% of bond amount depending on credit).
Shop multiple surety providers — rates vary significantly based on underwriting.

How the result changes with Personal Credit Score

Personal Credit Score	Annual Bond Premium
535	$55,200.00
623	$34,500.00
728	$6,900.00
815	$6,900.00

What each input means

Bond Amount: The face value of the surety bond required.
Personal Credit Score: Owner's personal credit score. Higher scores get much lower rates.
Years in Business: Years of experience in the industry or trade.
Financial Strength: Your business's overall financial health.
Bond Type: The type of surety bond required.

How this is calculated

Worked example, using the default values

Identify Input Parameters
4 parameters
Bond Amount = 500000, Personal Credit Score = 720, Years in Business = 8, Financial Strength = 1 = 5 input(s) provided
Calculate Annual Bond Premium
6900 = $6,900
Calculate Monthly Premium
Monthly Premium
575 = $575
Calculate Premium Rate
Premium Rate
1.38 = 1.38%