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Alabama Utility Bond

How much does a utility deposit bond cost in Alabama?

The amount of coverage you’ll need for your Alabama utility bond is based on the amount of utility services you or your business consumes within a certain period. Your utility company will tell you the exact amount of bonding coverage needed.

The price you’ll pay for your Alabama utility surety bond is based on your personal credit report and your required amount of bond coverage. Since both the bond amount and price can vary so much, we recommend submitting a bond request to receive your free, no-obligation surety bond quote!

Bond Type Bond Amount Cost by Credit Score*
680 and up 679 - 600 599 or lower
Alabama Power Company Utility Deposit Bond Varies Starts at 1% 4-8% 10%+ Apply Now
Florence Utility Bond Varies Starts at 1% 4-8% 10%+ Apply Now
Huntsville Utility Bond Varies Starts at 1% 4-8% 10%+ Apply Now
*The bond premium rate quotes provided to you through this website are for pricing comparisons and quotation estimate purposes only. The bond rate quotes provided are based on general assumptions that may or may not be applicable to you and are subject to change at any time. These rate quotes do not constitute an offer of insurance, nor is any contract, agreement, or bond coverage implied, formed or bound by the provision of rate quotes. Bondability, final bond premium rate quotes and an offer of insurance, if any, will be determined by the insurance company providing your bond. You must contact us directly to obtain a quote for binding purposes.

A number of other utility companies in Alabama also require utility security deposit bonds. If you don’t see your utility company listed above, call 1 (800) 308-4358, and our team of experts will work with you to find the exact bond you need. Or, contact us now online to get started! We make the bonding process fast and easy.

Why do I need this bond?

Utility bonds help ensure that customers pay their utility bills in full and on time.

If a bonded client fails to pay a utility bill appropriately, the utility company can make a claim on the bond. If the claim is validated, the customer is required to reimburse the surety company in full for any claims paid.

Ready to get bonded quickly, easily and accurately? Submit an online bond request, and one of our experts will contact you right away to help with your Alabama utility bond request.

You can read more about utility bonds here.

Ready to get started?

Get a FREE Utility Deposit Bond Quote Today!

Additional Resources

Alabama Power

Florence Utilities

Huntsville Utilities

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