Ak qualified dealer surety bond 2025

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Surety Bond Cost Table Surety Bond AmountYearly Premium Excellent Credit (675 and above)Bad Credit (599 and below) $20,000 $200 - $600 $1,000 - $2,000 $25,000 $250 - $750 $1,250 - $2,500 $30,000 $300 - $900 $1,500 - $3,0007 more rows
$75,000 surety bonds typically cost 0.510% of the bond amount, or $375$7,500. Highly qualified applicants with strong credit might pay just $375 to $750, while an individual with poor credit will receive a higher rate.
Surety bond premiums are calculated as a small percentage of the bond amount. $1,000,000 surety bonds typically cost 0.510% of the bond amount, or $5,000$100,000. Highly qualified applicants with strong credit might pay just $5,000 to $1,000 while an individual with poor credit will receive a higher rate.
Surety Bond Cost Table Surety Bond AmountYearly Premium Excellent Credit (675 and above)Average Credit (600-675) $30,000 Surety Bond $300 - $900 $900 - $1,500 $35,000 Surety Bond $350 - $1,050 $1,050 - $1,750 $40,000 Surety Bond $400 - $1,200 $1,200 - $2,0009 more rows
For applicants with good credit, surety bonds usually cost between 1% and 5% of their value. Therefore, for a surety bond of $5,000, an applicant with a strong credit history can expect to pay between $50 and $250.
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People also ask

How to Get a Surety Bond in Alaska Contact the obligee requiring the bond to determine which one you need. Submit a free online application with SuretyBonds.com. Well instantly review your application and provide a quote. Pay your bond premium and receive your bond immediately. Sign and file your bond with the obligee.
Provide the business details and financial information needed for your quote. Receive your bond quote. Sign all policy paperwork and pay the premium to get your surety bond. Provide your bond information to the state official or industry organization that requires it.

ak motor dealer surety bond