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Most Popular Surety Bonds in Seattle
How Much Does a Surety Bond Cost in Seattle?
A surety bond in Seattle costs between $100 and $10,000. For instance, motor vehicle dealers are required to have a $30,000 bond. The required insurance producer bond amount is between $2,500 and $100,000. However, you do not need to pay the full bond amount to meet the requirement.
We are an authorized surety company that has served customers in the Seattle area for over a decade. When you buy your bond from us, you will pay a bond premium of 1% to 10% rather than the total bond sum. We provide bonds to over 99% of our valued customers.
To determine your bond premium, we will review your professional credentials, your assets and your credit scores. We work with applicants with all credit scores. The best rates of 1% to 3% are offered to applicants with a 700 or higher credit score.
For example, if you buy an insurance producer bond of $100,000 with a 700 score, the cost is between $1,000 and $3,000.
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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 |
|
Motor Vehicle Dealer Bond |
$30,000 |
$300 - $900 |
$900 - $1,500 |
$1,500 - $3,000 |
|
Insurance Producer Bond |
$100,000 |
$1,000 - $3,000 |
$3,000 - $5,000 |
$5,000 - $10,000 |
How to Get a Surety Bond in Seattle
1. Explore Surety Bond Requirements
We make it easy to purchase the surety bond you need. To get started, take time to research the specific bond requirements that apply to you. To assist with your research, several resource links are provided below.
2. Complete the Bond Application
Once you learn about the surety bond amount and type required for your trade and business activities, you can request a quote. To do so, fill out the online application to learn about your rate. Our application is streamlined, so this step only takes a few minutes to complete.
3. Review Your Bond Quote
Your bond application will be reviewed promptly. In fact, our customers typically receive their bond quote within a few minutes. For more complicated applications that need additional review, the quote is available in 48 hours or less.
4. Purchase Your Bond
The last step in our quick process is to make your bond premium payment. You can conveniently complete this step using our online portal. Once your payment is received, we will prepare the bond and email it to you. If requested, we are happy to mail your bond as well.
Our bond specialists take pride in providing excellent customer service. If you have questions during your bond purchase, please contact us online or by phone at (877) 514-5146 today.
Our new client, Brian, applied for an insurance producer bond recently. His last bond purchase was complicated, so he was pleased by our fast and easy process. It only took a couple of minutes to apply online and get a quote. Now, he runs a growing insurance company in Seattle.
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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!