Most Popular Bonds in Idaho
Freight Broker Bond: The Federal Motor Carrier Safety Administration (FMCSA) requires all freight brokers to obtain this $75,000 bond. Since this is a federal requirement, it is the same across all the US.
Auto Dealer Bond: Also known as a Vehicle Dealer Performance Bond, this bond ranges from $10,000 - $40,000 (depending on license type). The Idaho Department of Transportation sets this requirement.
Contractor License Bond: Contractors licensed through the Idaho Contractors Board must carry this bond. The bond amount required ($2,000 - $30,000) is based on license classification.
Find Your Surety Bond
Idaho Advanced Deposit Wagering Bond | Racing Commission | Meridian | Apply |
Idaho Bail Agent Bond | Idaho Department of Insurance | Boise | Apply |
Idaho Bond Of Public Adjuster | Idaho Department of Insurance | Boise | Apply |
Idaho Collection Agency Bond | Dept of Finance | Boise | Apply |
Idaho Farm Labor Contractor Bond | Idaho Department Of Labor | Burley | Apply |
Idaho HVAC Contractor's/Specialty Contractor's Certification Bond | State of Idaho Division of Building Safety HVAC Board | Meridian | Apply |
How Much Does an Idaho Surety Bond Cost?
Idaho surety bonds cost as little as $100. You only pay a small percentage (typically 1% - 10%) of the total bond amount needed. For example, a $10,000 bond costs $100 - $1,000.
Costs vary significantly depending on the bond amount you need and your rate (the percentage of the full bond amount you must pay). For most bonds, an individual's rate is determined by running a soft credit check.
Surety Bond Cost Based on Credit Score |
||||
Surety Bond Name |
Surety Bond Amount |
Over 700 |
Between 600 - 699 |
Below 599 |
Idaho Auto Dealer Bond |
$20,000 |
$200 - $600 |
$600 - $1,000 |
$1,000 - $2,000 |
Idaho Contractor License Bond |
$10,000 |
$100 - $300 |
$300 - $500 |
$500 - $1,000 |
Get an instant estimate using our bond premium calculator.
While credit is highly influential when it comes to bond rates, we may also factor in past bonding history, industry experience, and business financials. All of which can be very beneficial to get those with lower credit bonded.
One of our clients, Tilda, was denied by two other sureties before she came to us. We looked past her low credit score and found she had 5+ years of experience in her industry. She also had a few past bonds with no claims made against them. With this, we were more than happy to issue her the bond she needed.
How to Get Bonded in Idaho
1. Find the Surety Bond You Need
The entity or organization requiring you to get bonded (your obligee) determines the bond you need. Try contacting them or checking their website for their bond requirements. Alternatively, you may also:
- Try Our Online Resource: Our Find Your Bond Tool is free, quick, and easy. Plus, once you find your bond, getting a free quote only takes a couple of minutes.
- Contact Our Bonding Experts: Talk to a surety specialist online or over the phone. They can help you determine which bond you need, fill out an application, and answer any questions.
2. Send a Bond Application
Fill out an online application to get an instant bond quote sent to your inbox.
Information you will need to complete the form includes:
- Bond Name (ex. Idaho Auto Dealer Bond)
- Bond Amount
- Your Contact Information
- Licensing Number (if available, for certain license bonds)
3. Get Your Bond Quote
Most bond rates are determined by running a soft credit check. Therefore, it should only take a few minutes to arrive in your inbox. Please note that some types of bonds or high-value bonds may take a little longer.
To secure your bond, log in to our website to sign the paperwork and pay your invoice.
4. Receive Your Bond
An Electronic Surety Bond (ESB) will be sent to you once your payment clears. Double-check that all the information and spelling are correct (your name, your obligee's name, the amount, etc.).
Your original bond will be sent via mail. Some obligees will accept a copy of your ESB, while others will require the original bond to be forwarded to them.
Resources
Idaho License Info
JW Surety Bonds is fully licensed to underwrite surety bonds in the state of Idaho.
License Number 117675