Maine Turnpike Authority Bond Guide
If you’re applying for a commercial E-Z Pass account for the Maine Turnpike toll highway, you’ll need this surety bond.
Bond Overview
- Purpose: To guarantee payment for the E-Z Pass toll fees
- Who Needs It: Applicants for a commercial E-Z Pass account
- Regulating Body: The Maine Turnpike Authority
- Required Coverage: $1,000–$25,000
- Premium Rate: 1–10%, credit-based
Learn all about the bond requirements and process in this guide.
What Is a Maine Turnpike Authority Bond?
A Maine turnpike authority bond guarantees payment for all E-Z Pass toll fees and any fines, even if the customer defaults.
The Maine Turnpike Authority requires this bond as part of the licensing process for companies or individuals applying for a commercial E-Z Pass account.
How Much Do Turnpike Authority Bonds Cost?
Maine turnpike authority credit use extension bonds cost a small percentage of the required coverage amount, typically 1–10%.
Exact rates vary based on personal credit score. Apply for your free quote now!
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Do I Get My Bond?
SuretyBonds.com provides the fastest and easiest way to get a Maine turnpike authority credit use extension bond. Just follow these quick steps:
- Apply: Submit an online quote request form
- Quote: Receive your quote within one day
- Sign: Complete the indemnity agreement
- Buy: Purchase the bond online 24/7
We’ll mail you the bond via your preferred shipping method. Be sure to file it with the Maine Turnpike Authority as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does a Maine Turnpike Authority Bond Work?
A turnpike authority credit use extension bond creates a legal contract between these three parties:
- Principal: You, the E-Z Pass commercial customer filing the bond
- Obligee: The Maine Turnpike Authority requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for paying all toll fees and fines. If you don’t, the surety will pay valid claims up to the bond amount, but you must ultimately refund the surety.
How Do I Renew My Bond?
These bonds expire annually. To renew your turnpike authority credit use extension bond, simply pay your renewal invoice when prompted.
We’ll begin contacting you by phone and email 90 days before the expiration date.