South Carolina Surety Bonds

Most Popular Surety Bonds in South Carolina

Do you need more information about the South Carolina surety bond requirements? Call our bond experts at (877)-514-5146 to learn more.

How Much Does a South Carolina Surety Bond Cost?

The cost of your surety bond in South Carolina depends on its type. For instance, an Auto Dealer Bond for a wholesale auction dealer has an amount of $15,000. However, you're not required to pay the full bond amount. Instead, you'll only need to cover the bond premium, which is a percentage of the total sum. Premiums in the standard bonding market typically range from 1% to 3% for applicants with strong financial backgrounds. Therefore, you can anticipate paying between $150 and $450.

The bond premium established by the surety agency is calculated after conducting a detailed assessment of your overall financial standing, with particular emphasis on your personal credit score. Moreover, they assess your assets, liquidity, and professional background. A robust financial and business profile usually leads to a reduced premium, indicating higher trust in your dependability.

How to Get a Surety Bond in South Carolina

Determine the Surety Bond You Need

This information can be obtained from the organization requiring the surety bond, whether it's a federal agency like the FMCSA, a state administration such as the South Carolina Division of Motor Vehicles, or a municipal authority like North Augusta, depending on the specific situation. Many first-time individuals approaching us often have questions about this stage. Please don't hesitate to contact us if you have any uncertainties or inquiries. Our dedicated and friendly customer service for precisely this purpose.

Apply For Your Bond

To begin the bonding process, just complete our online application form. You'll need to provide essential details regarding the type and amount of bond needed. Rest assured, we'll guide you through every step, ensuring a smooth experience. That's how Crystal H., one of our clients, efficiently completed the bonding process.

Get a Bond Quote

After receiving your application, our skilled team will promptly begin processing, diligently seeking the most competitive bond rate. Drawing on our industry expertise, we'll identify the best rate for your bond. Subsequently, we'll provide you with a free quote quickly, along with expert guidance and clear instructions to streamline the bonding process.

Buy Your Bond

After payment of your bond premium, you are officially bonded. Your bond will be emailed to you, with a paper copy sent by mail if needed.

If you have any further questions, feel free to contact us.

Resources

South Carolina Department of Labor, Licensing and Regulation Contractor's Licensing Board

South Carolina Department of Motor Vehicles

South Carolina Department of Consumer Affairs

South Carolina License Info

Lance Surety Bonds is licensed to underwrite surety bonds in South Carolina.

License Number # 1910391862