Arizona Surety Bonds

The cost of your Arizona surety bond depends on the type of surety bond you are applying for, its required amount, and your own financial standing and stability.

When determining the rate, or your bond premium, sureties consider the amount of your bond. This amount is the total coverage that can be offered to obligees in the case of a claim. Premiums can vary greatly depending on the specific type of bond that is needed.

In order to assess your surety bond cost, the surety that you apply with has to look at your personal credit score. Applicants who have a high credit score and a healthy financial standing are usually offered a standard market rate, which is between 1%-4% of the total amount. You also have to present personal or business financials to demonstrate a sound and stable profile. The stronger it is, the lower your bond price is likely to be.

Applicants who have a low credit score, or those who have no credit score at all, pose a higher bonding risk. That's why it is more difficult to get bonded if your finances are not in the best shape.

Lance Surety Bonds runs its Bad Credit Surety Bonds program in order to offer a bonding option for applicants struggling with problematic finances. The rates are slightly higher, between 5%-15% of the total amount, but you’re still sure to receive the lowest rate possible for your situation.

For contract and license bonds, you can apply online. If you need to obtain a court bond, you will need to use the court bond application.

Once you have submitted your full set of documents, we will estimate a bond quote for you. Then, if you are satisfied with it, you can buy the bond online. You will receive a hard and a digital copy of the bond.

You can learn more details about the bonding process via the How to Get Bonded page.

Don’t hesitate to call us at (877) 514-5146 if you need help with your Arizona surety bond application. Lance Surety Bonds’ experts will be happy to assist you.