Surety Bonds El Paso, TX

1. Start Your Application

Fill out the online application form

2. Receive Your Free Quote

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3. Buy Your Surety Bond

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Most Popular Surety Bonds in El Paso

Auto dealer bonds

In El Paso and across Texas, the motor vehicle surety bond is set at $25,000 for all dealers, as mandated by the Texas Department of Transportation.

Mortgage Broker Bond

Mortgage brokers in Texas need a bond of $25,000 to $50,000 based on the previous year's servicing volume to secure their license.

Third Party Debt Collector Bond

In Texas, third-party debt collectors and credit bureaus are required to file a $10,000 surety bond to operate.

Money Transmitter Bond

In Texas, money transmitters must post a bond ranging from $100,000 to $500,000, depending on their financial stability.

Public Adjuster Bond

In Texas, public adjusters must secure a $10,000 bond to operate legally within the state.

Credit Services Organization Bond

Texas credit services organizations must post a $10,000 surety bond to ensure compliance with state regulations and protect consumers.

How Much Does a Surety Bond Cost in El Paso?

The cost of an El Paso surety bond is between $100 and $10,000. El Paso contractors are required to have a bond amount between $10,000 and $50,000, while collection agencies require a $10,000 bond. However, you do not need to pay the full bond amount.

When you purchase your new bond from our authorized surety company, you can pay a bond premium. Our bond premium rates range from 1% to 10% of the total bond amount. Your rate is based on a combination of factors, including your credit scores, financial strength and professional credentials.

We consider applicants with most credit scores, and over 99% of our applicants qualify for the bond they need. Those with a 700 credit score or higher qualify for a 1% to 3% bond premium rate. With this credit score, for example, a $10,000 contractor bond costs between $100 and $300.

Surety Bond Cost Based on Credit Score
Surety Bond Name	Surety Bond Amount	Over 700	Between 600 - 699	Below 599
Auto dealer bond	$25,000	$250 - $750	$750 - $1,250	$1,250 - $2,500
El Paso Building Contractor Bond	$10,000	$100 - $300	$300 - $500	$500 - $1,000
Collection Agency Bond	$10,000	$100 - $300	$300 - $500	$500 - $1,000
Money Transmitter Bond	$100,000	$1,000 - $3,000	$3,000 - $5,000	$5,000 - $10,000
Public Adjuster Bond	$10,000	$100 - $300	$300 - $500	$500 - $1,000
Credit Services Organization Bond	$10,000	$100 - $300	$300 - $500	$500 - $1,000

* This table provides a ballpark estimate of potential bond costs. Bond pricing can fluctuate over time due to a number of factors. For exact pricing, please complete an application.

How to Get a Surety Bond in El Paso

1. Research Surety Bond Requirements

The bond amounts required for El Paso surety bonds vary based on several factors. The first step in our simple process is to research the requirements that apply to you. Several resource links are available below to facilitate your research.

2. Apply For Your New Bond

Once you know which bond type and amount that is needed, you are ready to apply. Spend a few minutes completing our brief online application and submit it to us for review.

3. Review Your Bond Quote

When you apply for your new bond online, the application will be processed immediately. Often, our valued customers receive their rate in a few minutes or less. Some applications are more complex and require additional review. In these cases, a bond rate is available within 48 hours.

4. Purchase Your Bond

To wrap up your surety bond purchase, pay your bond premium through our online payment portal. After receiving your payment, our bond experts will prepare the bond and email it directly to you. If requested, we can also mail your bond.

If you have questions about our process or your bond, our bond experts are available to help. Please contact us online or by phone at (877) 514-5146 today for assistance.

Marco recently contacted us for a contractor bond, but he wasn’t sure if he could qualify with a 603 credit score. Through our fast process, he applied online and got a rate in minutes. After paying for the bond online, Marco got the bond necessary to work in El Paso.

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Robin Kix

Robin Kix is our Renewal Department Manager. During her 10 years in the surety industry, she helped thousands of businesses throughout the nation remain compliant at the federal, state and local level. She has significant experience supporting commercial bond lines, particularly in the automobile, transportation and construction industries. Robin and her team work together to create a positive customer service experience at the time of every policy renewal, whether that be finding the best pricing or offering additional assistance.

About Us

Lance Surety Bond Associates, Inc. is a Pennsylvania-based surety bond agency that offers bonding at competitive rates in all 50 states. Established in 2010, our company has grown to become one of the top online bond producers in the country. Working exclusively with A-rated and T-listed bonding companies gives us the confidence to offer a 100% money-back guarantee. read more