How Much Does a $150,000 Surety Bond Cost?
Surety bond premiums are calculated as a small percentage of the bond amount. $150,000 surety bonds typically cost 0.5–10% of the bond amount, or $750–$15,000.
Highly qualified applicants with strong credit might pay just $750 to $4,500 while an individual with poor credit will typically receive a higher rate.
| Surety Bond Amount | Over 675 (0.5-3%) | 600-675 (3-5%) | Under 599 (5-10%) |
|---|---|---|---|
$150,000 | $750–$4,500 | $4,500–$7,500 | $7,500–$15,000 |
*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 tool to estimate your premium.
Where to Purchase a $150,000 Surety Bond
You can purchase your $150,000 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.
Secure | No Obligation | Takes 2 Minutes
Most Common $150,000 Surety Bonds
States and federal departments require different types of surety bonds for business owners, licensed professionals and individuals. Here are the most common types of surety bonds that require $150,000 in coverage.
Federal Contract Bonds
Contractors who intend to work on federally-funded construction projects costing $150,000+ often need a $150,000 surety bond before work can begin. These bonds guarantee that a contractor will complete a public project according to the contract terms.
ERISA Bonds
An ERISA bond protects participants in employee benefit plans from fraud or dishonesty by plan administrators. Each plan administrator must hold a bond amount of at least 10% of the funds they handle.
Money Transmitter Bonds
Money transmitter surety bonds ensure that money transmitters adhere to industry laws and regulations. Bond coverage requirements vary by state and the volume of funds handled, but are often $150,000 or higher.
Do $150,000 Bonds Require Underwriting?
Not always. Some $150,000 surety bonds are instantly issued at a set rate, while others require underwriting review to determine pricing for individual applicants.
However, larger bond amounts are typically underwritten due to the greater risk involved. Surety underwriters will review credit score, personal and business financials, and other risk factors to determine your personalized rate.
How to Get a $150,000 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 premium between 3–10% of the bond amount, we’ll work with the nation’s top providers to find the best price for your $150,000 bond.
If you improve your credit score over time, you may qualify for a lower premium rate when your bond is up for renewal.
