Surety Bond Indianapolis
1. Start Your Application
2. Receive Your Free Quote
3. Buy Your Surety Bond
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Most Popular Surety Bonds in Indianapolis
How Much Does a Surety Bond Cost in Indianapolis?
The cost of an Indianapolis surety bond is between $100 and $3,000. The city has bond requirements for general contractors, electrical contractors, heating and cooling contractors and wrecking contractors. Required bond amounts range from $5,000 to $30,000.
As an authorized surety company serving Indianapolis, we offer bonds at a premium rate ranging from 1% to 10% of the total bond amount. Your specific rate will depend on your financial strength, credit rating, and professional credentials.
All credit scores are considered. The best rates of 1% to 3% are available to applicants with a 700 credit score or higher. With this credit score, for example, the cost of a $10,000 general contractor bond is between $100 and $300.
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Surety Bond Cost Based on Credit Score |
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|
Surety Bond Name |
Surety Bond Amount |
Over 700 |
Between 600 - 699 |
Below 599 |
|
Indianapolis General Contractor Bond |
$10,000 |
$100 - $300 |
$300 - $500 |
$500 - $1,000 |
|
Indianapolis Electrical Contractor Bond |
$10,000 |
$100 - $300 |
$300 - $500 |
$500 - $1,000 |
|
Indianapolis Heating and Cooling Contractor Bond |
$5,000 |
$100 - $150 |
$150 - $250 |
$250 - $500 |
|
Indianapolis Wrecking Contractor Bond |
$30,000 |
$300 - $900 |
$900 - $1,500 |
$1,500 - $3,000 |
How to Get a Surety Bond in Indianapolis
1. Determine the Surety Bond You Need
Several surety bonds are required in Indianapolis. Before applying for a new bond, research the bond requirements that apply to your trade. For your convenience, several resource links are available below. We have served the community for over a decade and are happy to answer your questions.
2. Apply For Your Bond
When you know the bond type and amount that the city requires, the next step is to apply for your bond. It only takes a few minutes to fill out the online application. We proudly provide bonds to over 99% of applicants.
3. Review Your Bond Quote
Bond applications are processed immediately, so you can expect your quote within minutes of applying. For complicated applications that require additional review, we provide bond quotes within 48 hours.
4. Buy Your Bond
To complete your surety bond purchase, pay the bond premium through our online payment portal. Your bond will be processed quickly and emailed to you. If requested, we can mail your bond as well.
If you need assistance with your Indianapolis surety bond, we can help. Contact us online or reach us by phone at (877) 514-5146 today.
Our new customer, Trent, recently applied for a general contractor bond in Indianapolis. He wanted to complete the city’s licensing process quickly and appreciated our fast, online bond process. With our instant response to online applications and our convenient payment portal, he obtained the necessary bond for licensing without delay.
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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!
