Surety bonds • Michigan
Michigan Surety Bonds: Requirements and Costs by Bond Type
Michigan requires surety bonds for notaries, vehicle dealers, and contractors on public works. Notaries file a $10,000 bond with their county clerk, dealers need a $25,000 bond, and public works contracts over $50,000 need performance and payment bonds of at least 25% of the contract. This guide lists the most common Michigan bonds and what they cost.
Each bond links to a detailed guide with official sources. Blake Insurance Group is an independent agency licensed in Michigan, and a licensed agent can help you find and file the bond you need.
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Common Michigan surety bonds
| Bond | Who requires it | Required amount |
|---|---|---|
| Notary bond | Filed with the county clerk | $10,000 |
| Vehicle dealer bond | Michigan Department of State | $25,000 |
| Public works performance and payment bonds | Governmental units (MCL 129.201) | At least 25% of the contract, on contracts over $50,000 |
Amounts are sourced in each linked guide.
Federal bonds Michigan businesses often need
- Freight broker bond (BMC-84): $75,000, filed with FMCSA.
- ERISA bond: at least 10% of plan funds handled.
- Bid bonds and Miller Act bonds on federal construction.
What Michigan bonds cost
Notary bonds generally cost about $50 to $100, and the $25,000 dealer bond starts around $225 to $250 a year. Contract bonds are priced as a percentage of the bond amount. See our surety bond cost guide or the surety bond cost calculator.
Michigan surety bond FAQs
How much is a Michigan notary bond?
$10,000, filed with your county clerk before you apply.
What bond does a Michigan car dealer need?
A $25,000 surety bond under MCL 257.248.
When are public works bonds required in Michigan?
On public construction contracts over $50,000, with performance and payment bonds of at least 25% of the contract amount.
Related guides
- Michigan notary bond
- Michigan auto dealer bond
- Michigan public works bond
- Ohio surety bonds
- Illinois surety bonds
- Pennsylvania surety bonds
- Surety bonds
- Surety bond cost
- Surety bond cost calculator
- Buy a surety bond online
- License and permit bonds
- Michigan landscaping contractor insurance
- Michigan HVAC contractor insurance
- Michigan electrical contractor insurance
- Michigan plumbing contractor insurance
- Michigan roofing contractor insurance
- South Dakota surety bonds
- West Virginia surety bonds
- New Mexico surety bonds
- Nebraska surety bonds
- Kansas surety bonds
- Iowa surety bonds
- Oklahoma surety bonds
- South Carolina surety bonds
- Alabama surety bonds
- Tennessee surety bonds
- Washington surety bonds
Important information
Compensation. The link in the partner quote box near the top of this page is sponsored, and Blake Insurance Group may be paid if you make a purchase. Sponsored placement does not affect the other information on this page.
Independent agency. Blake Insurance Group LLC is an independent insurance agency. Licensed insurance producer NPN 16944666. Licensed states: AZ, AL, TX, CA, NY, OH, FL, NC, VA, GA, OK, NM, IA, KS, MI, NE, SC, SD, WV, IL, NJ, PA, TN, and WA. Which insurance companies we can quote depends on our current appointments, the product, and your state. Mentioning a company on this page does not mean we represent it.
Cost figures. Published averages and ranges are cited from the sources named, as of the dates shown. They are not quotes and may not reflect your price, which depends on the insurer, the surety, your credit, the bond type, and underwriting.
Availability. Coverage, prices, discounts, and eligibility vary by insurer, state, and applicant, and are subject to underwriting. The issued policy controls.
Your next step
Tell us the Michigan bond you need, and a licensed agent will help you compare options, or start a bond quote online with our partner.
