1. Start Your Application
2. Receive Your Free Quote
3. Buy Your Surety Bond
How Much Does an Illinois Mileage Tax Bond Cost?
The cost of an Illinois mileage tax bond is $100. This is a $500 bond and is required for each vehicle registered for the mileage weight tax. Rather than paying the $500 bond amount, however, you can purchase the bond for a bond premium from a surety company.
As an authorized surety company that has served Illinois for more than a decade, we sell mileage tax bonds throughout the state. Bonds are available at a rate of 1% to 10% of the bond amount.
When you apply for your new bond, we will receive your financial assets, professional experience and credit scores. More than 99% of our customers qualify for their bond through our simple process. Applicants with all credit scores are welcome to apply.
Surety Bond Cost Based on Credit Score |
||||
Surety Bond Name |
Surety Bond Amount |
Over 700 |
Between 600 - 699 |
Below 599 |
Illinois Mileage Tax Bond |
$500 |
$100 |
$100 |
$100 |
How to Get an Illinois Mileage Tax Bond
1. Apply For Your Bond
Buying an Illinois mileage tax bond is easy to do when you work with us. We provide our customers with a fast, three-step process. The first step is to fill out the online application.
2. Get Your Bond Quote
Once you submit the online bond application, it will be reviewed immediately. Most of our valued customers receive a bond quote within a few minutes. Applications that are more complex may need greater review. In these situations, a bond quote is provided in 48 hours or less.
Augie recently applied for a mileage tax bond for two of his vehicles using our online application. Within a few minutes, he had bond quotes in front of him and quickly paid the bond premiums. Now, he takes advantage of the more affordable mileage weight tax registration.
3. Buy Your Bond
Once you have reviewed your bond quote, spend a few minutes paying the bond premium to finalize your purchase. We will quickly process your bond and email it to you. Upon request, we can mail the bond as well.
Do you have questions about the bond process? Our bond experts are available to help. Reach us online or by phone at (877) 514-5146 today for assistance.
Mileage Tax Bond Requirements in Illinois
The Illinois Mileage Tax Bond, also known as the Second Division Motor Vehicle Surety Bond, is required for vehicles with Mileage Plates to ensure compliance with the state's Mileage Weight Tax regulations. The Secretary of State mandates a $500 bond per Mileage Plate, issued by a surety company approved by the Illinois Department of Insurance. This bond guarantees payment of excess fees and adheres to the terms outlined in Schedule Bond CFT IT 8.4, making it a critical requirement in the application process.
The bond’s obligee is the Illinois Secretary of State. The bond is valid for one year and must be replaced at the end of that time period. It cannot be canceled during that time period. To assist you with your bond renewal, we will be in touch each year prior to the due date with renewal instructions.
How to Get Your Mileage Weight Tax Registration in Illinois
Mileage weight tax registration is completed through the Illinois Secretary of State’s Office. This is a lower-cost registration option that is suitable for vehicles with limited mileage and that are used primarily in Illinois. Registration requirements include:
- Registration fee (based on the miles driven and the vehicle’s weight)
- A functional odometer
- Working hub-o-meters on trailers
- A $500 surety bond for each vehicle
- Mileage reporting
For full details about the mileage tax requirements in Illinois, contact:
Illinois Secretary of State
9901 S. Martin Luther King Drive
Chicago, IL 60628
Phone: (312) 793-1010
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What Our Clients Have To Say?
Quick response times and turn around for issuing bonds. Great customer service and very knowledgeable. We have used Lance Surety multiple times and have never been disappointed. Highly recommend them and Collette!
Long story short, these guys cut through the B.S. and get the job done. Responsiveness, excellent! Communication, excellent! Respect for their industry partners, excellent! John, Collette, Ryan, you're all-stars! Thank you!
We decided for Lance Surety Bond's quote for 2 reasons; Price and Customer Service. Our Representative Ryan was just SUPERB!! [...] I highly recommend Lance Surety Bond for all your Bonding needs! I'll definitely come back for all of mine. :-) Thanks Ryan!
Quick response times and turn around for issuing bonds. Great customer service and very knowledgeable. We have used Lance Surety multiple times and have never been disappointed. Highly recommend them and Collette!
Long story short, these guys cut through the B.S. and get the job done. Responsiveness, excellent! Communication, excellent! Respect for their industry partners, excellent! John, Collette, Ryan, you're all-stars! Thank you!
We decided for Lance Surety Bond's quote for 2 reasons; Price and Customer Service. Our Representative Ryan was just SUPERB!! [...] I highly recommend Lance Surety Bond for all your Bonding needs! I'll definitely come back for all of mine. :-) Thanks Ryan!