Indiana requires bonds for certain contractor trades including residential builders and home improvement contractors. SuretyBond Simple makes it fast and easy to get bonded in Indiana — with competitive rates, same-day approvals, and no hidden fees.
Common Indiana Surety Bonds
Here are the most frequently required surety bonds in Indiana:
Contractor License Bond
Required for licensed contractors in Indiana through the Indiana Professional Licensing Agency.
Motor Vehicle Dealer Bond
Required by the Indiana BMV for all licensed motor vehicle dealers in Indiana.
Notary Bond
Required by the IN Secretary of State for all notaries public in Indiana.
Freight Broker Bond (BMC-84)
Federally required by the FMCSA for all licensed freight brokers operating in Indiana and nationwide.
Mortgage Broker Bond
Required for licensed mortgage brokers and loan originators operating in Indiana.
License & Permit Bond
Various Indiana business licenses and permits require a surety bond as part of the licensing process.
Indiana Bond Requirements at a Glance
| Bond Type | Bond Amount | Issuing Agency | Term |
|---|---|---|---|
| Contractor License Bond | $10,000 | Indiana Professional Licensing Agency | Annual |
| Motor Vehicle Dealer Bond | $25,000 | Indiana BMV | Annual |
| Notary Bond | $5,000 | IN Secretary of State | Multi-Year |
| Freight Broker Bond (BMC-84) | $75,000 | FMCSA (Federal) | Annual |
| Mortgage Broker Bond | $25,000–$75,000 | Indiana Dept. of Financial Regulation | Annual |
How Much Does a Indiana Surety Bond Cost?
You never pay the full bond amount — you pay a small annual premium, typically 1%–15% of the bond amount. Your rate depends primarily on your credit score:
| Credit Score | Typical Rate | $25,000 Bond | $50,000 Bond |
|---|---|---|---|
| 750+ (Excellent) | 0.5%–2% | $125–$500/yr | $250–$1,000/yr |
| 700–749 (Good) | 1%–3% | $250–$750/yr | $500–$1,500/yr |
| 650–699 (Fair) | 2%–5% | $500–$1,250/yr | $1,000–$2,500/yr |
| 600–649 (Average) | 4%–8% | $1,000–$2,000/yr | $2,000–$4,000/yr |
| Below 600 (Poor) | 7%–15% | $1,750–$3,750/yr | $3,500–$7,500/yr |
Use our Bond Cost Calculator for a personalized estimate.
How to Get a Surety Bond in Indiana
Identify Your Bond Requirement
Find out which bond you need, the required amount, and the issuing agency in Indiana.
Submit Your Application
Fill out our simple online form — takes less than 5 minutes. No hard credit pull required for most bonds.
Receive Your Quote
We shop across multiple A-rated carriers to find you the best rate. Most quotes are delivered same day.
Get Your Bond Certificate
Once approved, we issue your bond certificate digitally so you can complete your Indiana license application.
Indiana Surety Bond FAQ
How much does a surety bond cost in Indiana?
Indiana surety bond premiums typically range from 1%–15% of the bond amount, based on your credit score and bond type. Applicants with good credit (700+) generally qualify for rates of 1%–3%.
Can I get a Indiana surety bond with bad credit?
Yes. Surety programs are available for all credit levels. You'll pay a higher premium (7%–15%), but bonds are available to almost everyone.
How fast can I get bonded in Indiana?
Most standard Indiana surety bonds can be issued same day. Submit your application and receive your bond certificate within hours.
Do I need to renew my Indiana surety bond?
Most surety bonds in Indiana are annual and must be renewed each year to keep your license active. We'll notify you before your bond expires.
Will applying for a bond affect my credit score?
Most surety companies perform a soft credit pull, which does NOT affect your credit score. Hard inquiries are rare and only used for very large bonds.
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