Alabama Surety Bonds

Complete Guide to getting Bonded in Alabama
Alabama
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    All types of surety bonds in Alabama
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    Competitive rates
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    Bad credit program
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    Easy online application

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Most Popular Surety Bonds in Alabama

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Freight brokers and forwarders in Alabama are required to post a $75,000 surety bond.
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Auto Dealer Bond
Alabama requires new and used auto dealers to post a $50,000 bond to obtain and maintain their license.
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Contractor License Bond
The bond requirement for a contractor license in Montgomery is $20,000, and other municipalities have their own bond requirements.
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Mortgage Broker Bond
A $75,000 mortgage broker bond is required for new license applicants and license renewals.
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Credit Services Organization
To do business as an auctioneer in Alabama, you must post a $10,000 surety bond.
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legal-document
Telemarketers are required by law to have a $50,000 surety bond to do business in Alabama.

How Much Does an Alabama Surety Bond Cost?

The cost of a surety bond in Alabama depends on the bond type. For example, a $50,000 bond is required by law for auto dealers, but you are not required to pay the full bond amount. You can purchase the bond from a surety company by paying a premium. 

The premium ranges from 1% to 10%, so the auto dealer bond cost starts at $500 for well-qualified applications. We provide many types of surety bonds.

For all Alabama surety bonds, applicants with a 700-credit score or higher may receive a 1% to 3% bond premium. The premium rate for applicants with a score between 600 and 699 is 3% to 5%. For lower credit scores, the cost is 5% to 10%.

In addition to credit scores, the cost of a bond is determined by the applicant’s professional experience, liquidity and assets. 

Surety Bond Cost Based on Credit Score

Surety Bond Name

Surety Bond Amount

Over 700

Between 600 - 699

Below 599

Alabama Auto Dealer Bond

$50,000

$500 - $1,500

$1,500 - $2,500

$2,500 - $5,000

Alabama Contractor License Bond

$20,000

$200 - $600

$600 - $1,000

$1,000 - $2,000

Alabama Mortgage Broker Bond

$75,000

$750 - $2,250

$2,250 - $3,750

$3,750 - $7,500

Alabama Freight Broker Bond

$75,000

$750 - $2,250

$2,250 - $3,750

$3,750 - $7,500

Alabama Auctioneer Bond

$10,000

$100 - $300

$300 - $500

$500 - $1,000

Alabama Telemarketing Bond

$50,000

$500 - $1,500

$1,500 - $2,500

$2,500 - $5,000

* This table provides a ballpark estimate of potential bond costs. Bond pricing can fluctuate over time due to a number of factors. For exact pricing, please complete an application.

How to Get a Surety Bond in Alabama

1. Determine the Surety Bond You Need

To learn about the surety bond requirements for your needs, contact the relevant state or federal agency. For example, freight companies can contact the FMCSA to learn more. Auto dealers can get in touch with the Alabama Department of Revenue.  

Our friendly team is available to answer your questions and help you get the bond you need quickly. Contact us to learn more about Alabama surety bond requirements. 

2. Apply for Your Bond

Complete the online application to begin the process. You only need to provide basic information about the bond type and amount needed, so you can complete the form in a few minutes.

Our new customer, Brendan, contacted us recently to get a mortgage broker surety bond. He applied online quickly and got an instant quote. After making the bond premium payment online, he obtained his bond via email. Today, he runs a successful mortgage broker company in Montgomery. 

3. Get a Bond Quote

Our dedicated team will start processing your application immediately. With more than 10 years of experience, we’ll identify the lowest rate possible for your needs. We’ll contact you soon with a free, no-obligation quote for your surety bond. 

We take pride in our streamlined bonding process. If you have questions or need guidance after reviewing your quote, we are available to help. 

4. Purchase Your Bond

The final step is to pay your Alabama bond premium. After making the payment online, you will be bonded. We will email the bond to you immediately, and we can send a paper copy in the mail if requested. 

If you have any questions or encounter any difficulties, our surety bonds experts are here to help you – contact us or call us at (877) 514-5146.

Other Alabama Surety Bonds

Resources

Alabama License Info

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

License Number # 3000561464


About Us

Lance Surety Bonds
Lance Surety Bond Associates, Inc. is a Pennsylvania-based surety bond agency that offers bonding at competitive rates in all 50 states. Established in 2010, our company has grown to become one of the top online bond producers in the country. Working exclusively with A-rated and T-listed bonding companies gives us the confidence to offer a 100% money-back guarantee. read more

What Our Clients Have To Say?

Kimberlee Ables

Quick response times and turn around for issuing bonds. Great customer service and very knowledgeable. We have used Lance Surety multiple times and have never been disappointed. Highly recommend them and Collette!

Andrew Poincot

Long story short, these guys cut through the B.S. and get the job done. Responsiveness, excellent! Communication, excellent! Respect for their industry partners, excellent! John, Collette, Ryan, you're all-stars! Thank you!

Margie Martinez

We decided for Lance Surety Bond's quote for 2 reasons; Price and Customer Service. Our Representative Ryan was just SUPERB!! [...] I highly recommend Lance Surety Bond for all your Bonding needs! I'll definitely come back for all of mine. :-) Thanks Ryan!

Kimberlee Ables

Quick response times and turn around for issuing bonds. Great customer service and very knowledgeable. We have used Lance Surety multiple times and have never been disappointed. Highly recommend them and Collette!

Andrew Poincot

Long story short, these guys cut through the B.S. and get the job done. Responsiveness, excellent! Communication, excellent! Respect for their industry partners, excellent! John, Collette, Ryan, you're all-stars! Thank you!

Margie Martinez

We decided for Lance Surety Bond's quote for 2 reasons; Price and Customer Service. Our Representative Ryan was just SUPERB!! [...] I highly recommend Lance Surety Bond for all your Bonding needs! I'll definitely come back for all of mine. :-) Thanks Ryan!