How Much Does a $500,000 Surety Bond Cost?
Surety bond premiums are calculated as a small percentage of the bond amount. $500,000 surety bonds typically cost 0.5–10% of the bond amount, or $2,500–$50,000..
Highly qualified applicants with strong credit might pay just $2,500 to $5,000 while an individual with poor credit will receive a higher rate.
| Surety Bond Amount | Over 675 (0.5-3%) | 600-675 (3-5%) | Under 599 (5-10%) |
|---|---|---|---|
$500,000 | $2,500–$15,000 | $15,000–$25,000 | $25,000–$50,000 |
*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 to estimate your premium.
Where to Purchase a $500,000 Surety Bond
You can purchase your $500,000 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 $500,000 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 $500,000 in coverage:
Contract Bonds
Contract bonds guarantee large construction projects are completed properly. A $500,000 construction project will typically require a bond of the same value.
ERISA Fidelity Bonds
ERISA bonds protect employee 401(k) funds from fraud or theft. Each plan administrator must hold a bond amount of at least 10% of the funds they handle.
Payment and Performance Bonds
Brief description of bond. Link to the category page.
Probate & Fiduciary Bonds
Probate bonds are required when a person is appointed to act on behalf of another’s interests or assets. They ensure individuals fulfill their court-appointed expectations.
Do $500,000 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 $500,000 bonds will vary depending on risk.
How to Get a $500,000 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 $500,000 bond.
If you improve your credit score over time, you may qualify for a lower premium rate when your bond is up for renewal.
