How Much Does a $50,000 Surety Bond Cost?
Surety bond premiums are calculated as a small percentage of the bond amount. $50,000 surety bonds typically cost 0.5–10% of the bond amount, or $250–$5,000.
Highly qualified applicants with strong credit might pay just $250 to $500, while an individual with poor credit will receive a higher rate.
Surety Bond Amount | Over 675 | 600–675 | Under 599 |
---|---|---|---|
$50,000 | $250–$1,500 (0.5–3%) | $1,500–$2,500 (3–5%) | $2,500–$5,000 (5–10%) |
*This table provides general estimates. Bond pricing fluctuates due to various factors. |
Remember, these are general estimates. Other factors — including the bond type, industry experience, home ownership and business financials — can also impact your rate.
Determine your exact surety bond cost by requesting a free quote today. Or, use our Surety Bond Cost Calculator to estimate your premium.
Where to Purchase a $50,000 Surety Bond
You can purchase your $50,000 bond online with SuretyBonds.com — the nation’s top surety provider. We offer the industry’s best service, fastest delivery and most affordable bond prices with no hidden fees. Apply now!
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Most Common $50,000 Surety Bonds
States and municipalities require different types of surety bonds for business owners, licensed professionals and individuals. Here are the most common types of surety bonds that require $50,000 in coverage:
Business Service Bonds
Small business owners often purchase a $50,000 surety bond before working in large commercial locations to protect customers from employee misconduct and theft.
Contractor Licensing Bonds
General contractors in certain states and municipalities need to get a $50,000 bond. This holds construction professionals accountable to local licensing requirements.
DMEPOS Bonds
DMEPOS suppliers must file a $50,000 surety bond before they can bill Medicare. This federal licensing requirement helps curb medical billing fraud.
Mortgage Broker Bonds
Mortgage professionals in several states need to buy a $50,000 bond. Bonding protects customers from fraud and wrongful mortgage practices.
Public Insurance Adjuster Bonds
$50,000 bonds are required for public insurance adjusters in many states to protect the public. Premiums are often $500 but start as low as $250.
Do $50,000 Bonds Require Underwriting?
Not always. Some surety bonds are instantly issued at a set price, while others require underwriting review to determine pricing for individual applicants. The price of underwritten $50,000 bonds will vary depending on risk.
How to Get a $50,000 Surety Bond with Bad Credit
Low credit? No problem. SuretyBonds.com approves 99% of applicants with our Bad Credit Surety Bonding Program. While lower credit may result in a higher annual premium between 3–10% of the bond amount, we’ll work with the nation’s top providers to find the best price for your $50,000 bond.
If you improve your credit score over time, you may qualify for a lower premium rate when your bond is up for renewal.