Georgia Surety Bonds

The cost of surety bonds in Georgia depends on the type of surety bond you are required to obtain. License bonds’ amounts are often determined by each state individually. There are exceptions, however, such as the freight broker bond which has the same amount across the entire country. Contract bonds’ amounts are also case-specific.

The total bond amount is not the same as the cost of your Georgia surety bond. The actual cost, or your premium, is only a percentage of the total bond amount. The rate of your premium depends on a number of criteria.

The first and most important criterion is your personal credit score. If your credit score is good, you will be able to qualify for standard market rates for your Georgia surety bond. These rates are between 1%-4% of the total amount of the surety bond.

If you can present further proof of the financial stability and reliability of your company, such as personal or business financials, or evidence of your industry experience, this too can influence the cost of your surety bond. Consult our surety bond cost page for full information on surety bond premiums and how they’re determined.

Even if you have bad credit, you can still obtain most types of surety bonds. Applicants with less-than-perfect credit can take advantage of our special Bad Credit Surety Bonds program. Generally, bond premiums for these higher-risk applicants are slightly higher - between 5%-15% of the total bond amount.

Whether you are applying for a bond under standard market rates, or under our bad credit program, you are sure to receive high quality bonds at the best possible rates.

Found your Georgia surety bond? All you have to do now is apply online. Once you apply, we’ll send you a free quote. Depending on the bond you are applying for, you may have to submit a number of additional documents. Once you do, you can receive your underwritten bond in no time.

Obtaining a bond with Lance Surety Bonds guarantees that you’ll be bonded by a professional surety bond company. Applying with us is easy and very secure. Make sure to call us at (877)-514-5146 if you have any questions. If you need help with your application, we’re here to assist you.