Mississippi Surety Bonds

Most Popular Surety Bonds in Mississippi

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

How Much Does a Mississippi Surety Bond Cost?

The cost of your surety bond in Mississippi depends on its type. For instance, an Auto Dealer Bond requires a $25,000 surety bond. However, you're not required to pay the full bond amount. Instead, you'll only need to cover the bond premium, typically ranging from 1% to 3% of the total amount. Therefore, you can expect to pay between $250 and $750.

The bond premium is determined by the surety agency following a thorough examination of your financial standing, with particular attention to your credit score. They also evaluate your assets, liquidity, and professional history. A strong financial and professional profile typically results in a reduced premium, reflecting greater confidence in your dependability.

How to Get a Surety Bond in Mississippi

1. Determine the Surety Bond You Need

You can obtain this information from the entity mandating the surety bond, which could be a federal agency like the FMCSA, a state department such as the Mississippi Department of Revenue, or a local authority like Canton. Those new to this process often have inquiries about this step. If you're feeling uncertain or have any questions, please don't hesitate to contact us. Our dedicated and friendly customer service is here to assist you with any inquiries you may have.

2. Apply For Your Bond

To initiate the bonding process, simply complete our online application form. You'll need to provide essential details regarding the type and amount of bond required. We'll guide you through each step, ensuring a smooth experience. That's what one of our clients, Khaled M. did, navigating through the bonding process seamlessly.

3. Get a Bond Quote

Upon receiving your application, our team immediately begins processing it. Relying on our expertise in the industry, we diligently search for the most competitive bond rate available. Following this, we promptly provide you a free quote, along with clear instructions and expert guidance, ensuring a straightforward bonding process.

4. Buy Your Bond

Upon payment of your bond premium, you are officially bonded. Your bond will be sent to you via email, with a paper copy mailed if required.

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

Resources

Mississippi Department of Banking and Consumer Finance

Mississippi Mortgage Act

Mississippi Motor Vehicle Commission

Mississippi Insurance Department
 

Mississippi License Info

Lance Surety Bonds is licensed to underwrite surety bonds in Mississippi.

License Number # 15036088