Surety Bond Chicago
1. Start Your Application
2. Receive Your Free Quote
3. Buy Your Surety Bond
- Image
Get a free bond quote online - Image
Top bond prices available - Image
Bad credit program
Most Popular Surety Bonds in Chicago
How Much Does a Surety Bond Cost in Chicago?
The cost of a surety bond in Chicago is between $100 and $15,000. For example, the required bond for a mortgage broker bond is $15,000, whereas auto dealers require a bond of $50,000. However, you do not need to pay the full bond amount to comply with local laws.
We are an authorized surety company that has been serving Chicago for over a decade. Through our company, you can buy your bond by paying a bond premium rather than the total bond amount.
Depending on your qualifications, the bond premium rate will be from 1% to 10%. Your credit score and the risk of issuing the bond are used to determine the rate. We work with clients with various credit scores, and we’ve proudly sold bonds to more than 99% of applicants.
Applicants with a 700 credit score or better qualify for a rate of 1% to 3%. With this credit rating, the cost of a $50,000 auto dealer bond is between $500 and $1,500.
|
Surety Bond Cost Based on Credit Score |
||||
|
Surety Bond Name |
Surety Bond Amount |
Over 700 |
Between 600 - 699 |
Below 599 |
|
Business Opportunity Bond |
$25,000 |
$250 - $750 |
$750 - $1,250 |
$1,250 - $2,500 |
|
Auto Dealer Bond |
$50,000 |
$500 - $1,500 |
$1,500 - $2,500 |
$2,500 - $5,000 |
|
Contractor Bond |
$25,000 |
$250 - $750 |
$750 - $1,250 |
$1,250 - $2,500 |
|
Mortgage Broker Bond |
$150,000 |
$1,500 - $4,500 |
$4,500 - $7,500 |
$7,500 - $15,000 |
|
Credit Services Organization Bond |
$100,000 |
$1,000 - $3,000 |
$3,000 - $5,000 |
$5,000 - $10,000 |
|
Public Adjuster Bond |
$50,000 |
$500 - $1,500 |
$1,500 - $2,500 |
$2,500 - $5,000 |
How to Get a Surety Bond in Chicago
1. Determine the Surety Bond You Need
Our customers benefit from a quick, streamlined process, and the first step involves determining the surety bond requirements for your business. Several helpful resources are available below for your convenience.
2. Apply For Your Bond
After determining the bond type and amount that is required for your trade, the next step is completing the online application. The application is brief, and you can submit the application in a couple of minutes.
3. Review Your Bond Quote
Our customers benefit from a quick response from us after submitting the application. In fact, we typically provide applicants with a bond rate immediately. Some applications are complex, however, and require additional review. In these situations, a bond quote is available within 48 hours.
4. Buy Your Bond
After reviewing the bond quote, only one step remains. Use our convenient online payment portal to make the bond premium payment. As soon as the payment is received, we will prepare your new bond and email it to you. If desired, we are happy to mail the bond as well.
Our bond specialists are available to answer your questions about Chicago surety bonds and assist with your purchase. Reach us online or call us at (877) 514-5146 today.
When Stefano contacted us for a Chicago surety bond recently, he took advantage of our short online application and got a bond rate in minutes. Stefano appreciated how quickly the bond was emailed to him after he made the payment online. Now, he has the necessary bond to do business in Chicago.
Resources
About Us
Still Have Questions? Check Our FAQ Pages
What Our Clients Have To Say?
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!
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!
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!
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!
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!
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!
