Surety bonds • Illinois
Illinois Surety Bonds: Requirements and Costs by Bond Type
Illinois requires surety bonds for notaries, motor vehicle dealers, and contractors on public works. Notaries need a $5,000 bond for a four-year commission, dealers need a $50,000 bond, and public works contracts above the Public Construction Bond Act threshold need performance and payment bonds. This guide lists the most common Illinois bonds and what they cost.
Each bond links to a detailed guide with sources. Blake Insurance Group is an independent agency licensed in Illinois, and a licensed agent can help you find and file the bond you need.
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Common Illinois surety bonds
| Bond | Who requires it | Required amount |
|---|---|---|
| Notary bond | Illinois Secretary of State | $5,000 ($30,000 for remote notarization) |
| Motor vehicle dealer bond | Illinois Secretary of State, Dealer Licensing | $50,000 |
| Public construction bonds | State and political subdivisions | Required on contracts over $150,000 |
Amounts are sourced in each linked guide.
Federal bonds Illinois 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 Illinois bonds cost
Notary bonds are usually sold at a low flat price. The $50,000 dealer bond starts around $250 to $410 a year depending on the surety and credit. Contract bonds are priced as a percentage of the contract. See our surety bond cost guide or the surety bond cost calculator.
Illinois surety bond FAQs
How much is an Illinois notary bond?
The required bond is $5,000 for a four-year term, or $30,000 for remote notarization.
What bond does an Illinois car dealer need?
A $50,000 bond required by the Secretary of State.
When are public construction bonds required in Illinois?
Generally on public works contracts costing over $150,000, and on IDOT and Tollway contracts over $500,000.
Related guides
- Illinois notary bond
- Illinois auto dealer bond
- Illinois public construction bond
- Ohio surety bonds
- Georgia surety bonds
- New York surety bonds
- Surety bonds
- Surety bond cost
- Surety bond cost calculator
- Buy a surety bond online
- License and permit bonds
- Illinois landscaping contractor insurance
- Illinois HVAC contractor insurance
- Illinois electrical contractor insurance
- Illinois plumbing contractor insurance
- Illinois 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
- Michigan surety bonds
- Pennsylvania surety bonds
- New Jersey 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 Illinois bond you need, and a licensed agent will help you compare options, or start a bond quote online with our partner.
