New Jersey Surety Bonds

• Freight Broker Bond: This $75,000 bond is required for all freight brokers licensed by the Federal Motor Carrier Safety Administration (FMCSA). It is a federal requirement; therefore, it is the same for all states.
• Auto Dealer Bond: The New Jersey Motor Vehicle Commission (NJMVC) requires all licensed auto dealers to have this $10,000 bond.
• Contractor License Bond: Required for contractors to get licensed to work in some NJ cities or do certain types of work (ex. home improvement over $500). This bond amount varies as there is no state-wide contractor licensing requirement.

A New Jersey Surety Bond costs as little as $100. You generally only pay 1% - 10% of the total bond amount needed to get bonded. For example, a $10,000 bond would cost anywhere from $100 – $1,000.

The percentage you pay to get bonded is known as a bond premium or bond rate. For most surety bonds, your credit score heavily determines your bond rate. However, other factors that can influence your rate include:

• Your bonding history
• Experience in your industry
• Business financials

Another factor that can impact how much you pay to get bonded is the surety company you choose. Often, larger and more established sureties offer the best rates.

At JW Surety Bonds, we are able to offer the best rates in the industry due to the large volume of bonds we underwrite. Just last month, we had a New Jersey auto dealer switch his bond over to us due to our rates. We were able to offer him an Auto Dealer Bond for $60 cheaper than his previous bonding company. 

1. Find Which Surety Bond You Need 

The easiest way to determine which bond you need is to contact the entity or organization requiring you to get bonded (your obligee). For example, the obligee for New Jersey auto dealers is the NJMVC.

If you can’t find bonding information on your obligee’s website or by directly contacting them, you can also:

• Contact our surety specialists at (888) 592-6631.
• Use our “Find Your Bond Tool”. It’s free, quick, and easy. Plus, once you find your bond, you can get a free, no-obligation quote in minutes. 

2. Apply For Your Bond

Filling out our online application is the easiest and quickest way to get bonded. 

Information you will need on hand includes:

• Surety Bond Name
• Surety Bond Amount
• Contact Information

3. Receive a Bond Quote

After your application is processed, a bond rate will be sent directly to your email inbox. 

This quote is instant for most bonds as it is based on a soft credit check. However, certain types of bonds and bonds in large amounts may take a bit more time. 

4. Get Your Surety Bond

The email with your bond rate will have further instructions on how to log in to our website. 

You will receive an email copy of your bond after you fill out the website’s paperwork and pay your invoice. The original bond will be sent to you by mail. You will then need to forward it to your obligee.

• New Jersey Motor Vehicle Commission (NJMVC)
• New Jersey Division of Consumer Affairs

JW Surety Bonds is fully licensed to underwrite surety bonds in the state of New Jersey.

License Number 1009080