California Guarantee Toll Charges Bond
Bond Requirements & Set Rates
| Bond Amount Required | Annual Premium |
| Varies | Varies |
Businesses or individuals who wish to use California toll bridges or highways on a credit basis rather than paying at the time of use are required to post a surety bond. Required by the California Department of Transportation or applicable regional toll authority, the California guarantee toll charges bond ensures that all tolls, penalties, and administrative fees are paid and protects the public agency from financial loss due to nonpayment.
Cost of a California Guarantee Toll Charges Bond
The premium for a California guarantee toll charges bond is a small percentage of the total bond amount. Both the bond amount and cost vary based on expected toll usage and the requirements set by the tolling authority.
Why You Need a California Guarantee Toll Charges Bond
A California guarantee toll charges bond ensures that bonded businesses pay toll charges and associated fees promptly, comply with toll road and express lane regulations, and maintain good standing with California transportation authorities.
The California surety bond involves three parties:
- Principal: Business or individual responsible for toll payments
- Obligee: California Department of Transportation or regional toll authority
- Surety: Bonding company
If toll charges or penalties go unpaid, the obligee may file a claim against the bond. The surety investigates the claim and, if valid, pays the outstanding amount up to the bond limit. The principal must then reimburse the surety for any claim payments made.
Get Your California Guarantee Toll Charges Bond
Keep your fleet moving and maintain access to toll facilities with the California guarantee toll charges bond. Complete this form, provide payment details, and receive your bond for filing with the government agency or toll authority. For more information, call 855-711-0276.