Contractor License Bond Calculator
Calculate Your Contractor Bond Cost by State
Most contractor bonds cost $100-$500/year - Instant quotes available
- Who requires it: The state contractor licensing board; some local municipalities add their own requirements.
- Amount: Varies by state and is set by the licensing authority.
- Typical cost (estimate): $100 to $500 per year at 1-5% of the bond amount; good credit sits at the lower end. The surety sets the final price.
- Timing: Same-day submission; most quotes within one business day.
Contractor Bond Cost Calculator
Instant quote - Most bonds submitted same day
Contractor License Bond Costs by State
* Minimum premium is $100/year. Actual costs vary by credit score, experience, and financial history. See full contractor license bond requirements for your trade and state.
Contractor License Bond Calculator FAQ
How much does a contractor license bond cost?
Most contractor license bonds cost between $100 and $500 per year. The premium is typically 1-5% of the required bond amount, which varies by state. For example, a $10,000 bond in Ohio costs $100-$500/year, while a $25,000 bond in California costs $250-$1,250/year. Contractors with good credit and clean records qualify for the lowest rates.
Do all states require a contractor license bond?
No. States like Alabama, Alaska, Connecticut, Hawaii, Kansas, Maine, Massachusetts, Minnesota, Nebraska, New Hampshire, North Dakota, Rhode Island, South Dakota, and Vermont do not have a statewide contractor license bond requirement. However, local municipalities in those states may still require bonds. Always check with your local licensing authority.
Can I get a contractor license bond with bad credit?
Yes, contractor license bonds are available for applicants with all credit levels. Contractors with lower credit scores typically pay higher premium rates (closer to 5%), while those with good credit can qualify for rates as low as 1%. Many contractor license bonds don’t require a credit check, and bonds under $25,000 often qualify for instant-quote programs.
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Instant quote - Same-day submission - Small-bond premiums often about $100/year
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