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Florida Utility Deposit Bond

How much does a utility deposit bond cost in Florida?

Utility service providers in Florida require some customers to post a surety bond in lieu of a deposit for utility services on a case-by-case basis. The required bond amount is determined by the utility company, and applicants should verify their required bond amount prior to bonding.

These bonds are subject to underwriting consideration. Because the bond amount and price vary so much, our experts recommend calling in at 1 (800) 308-4358 or submitting a bond request to get a free, personalized surety bond quote.

Bond Type Bond Amount Cost by Credit Score*
680 and up 679 - 600 599 or lower
TECO Peoples Gas Utility Bond Varies Starts at 1% 4-8% 10%+ Apply Now
Sumter Electric Cooperative, Inc. Utility Bond Varies Starts at 1% 4-8% 10%+ Apply Now
Gulf Power Company Utility Bond Varies Starts at 1% 4-8% 10%+ Apply Now
Beaches Energy Services/City of Jacksonville Beach Utility Bond Varies Starts at 1% 4-8% 10%+ Apply Now
Utilities Commission, City of New Smyrna Beach Utility Bond Varies Starts at 1% 4-8% 10%+ Apply Now
Fort Pierce Utilities Authority Utility Bond Varies Starts at 1% 4-8% 10%+ Apply Now
Oskaloosa County Gas District Utility Bond Varies Starts at 1% 4-8% 10%+ Apply Now
City of Tallahassee Utility Bond Varies Starts at 1% 4-8% 10%+ Apply Now
City of Gainesville Utility Bond Varies Starts at 1% 4-8% 10%+ Apply Now
City of Ocala Utility Bond Varies Starts at 1% 4-8% 10%+ Apply Now
Florida Power and Light Company Utility Bond Varies Starts at 1% 4-8% 10%+ Apply Now
Progress Energy Utility Bond Varies Starts at 1% 4-8% 10%+ Apply Now
Tampa Electric Company (TECO) Utility Bond Varies Starts at 1% 4-8% 10%+ Apply Now
City of Fort Myers Utility Bond Varies Starts at 1% 4-8% 10%+ Apply Now
Duke Energy Bond Varies Starts at 1% 4-8% 10%+ Apply Now
Glades Electric Cooperative Bond Varies Starts at 1% 4-8% 10%+ Apply Now
Withlacoochee River Electric 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.

If you’re ready to get bonded, call SuretyBonds.com at 1 (800) 308-4358 or fill out our online bond request form now.

Why do I need this bond?

Utility deposit bonds exist to ensure that customers pay all utility bonds on time and in full. This bond is not required by the state, but rather by the utility company itself. Most utility companies require that these bonds be posted before utility services will be provided.

If the customer falls behind on bill payments, the utility company can submit a claim and proof or late payments to the surety company. If the claim is validated, the surety will cover financial losses suffered by the utility company up to the full bond amount. The principal (utility customer) must reimburse the surety for damages paid out.

You’ll receive your free, no-obligation bond quote within 1 business day of applying when you work with SuretyBonds.com. Get started now!

Other Important Information

Utility bonds in Florida all have different cancellation clauses. If the surety decides to cancel this bond, it must notify the utility company prior to cancellation. The cancellation clause and other pertinent information can be found on the utility company’s specific surety bond form.

For non-residential utility customers, our team must know what line of business you need utility services for.

Applicants must know their utility account number, which is issued by the utility company.

Ready to get started?

Get a FREE Utility Deposit Bond Quote Today!

Beaches Energy Services

City of Fort Myers Utilities

City of New Smyrna Beach Utilities Commission

City of Tallahassee Utilities

Duke Energy

Florida Power and Light

Fort Pierce Utilities Authority

Glades Electric Cooperative, Inc.

Gulf Power

Ocala Utility Services

Oskaloosa Gas District

Progress Energy

SECO Energy

TECO Energy

TECO Peoples Gas

Withlacoochee River Electric Cooperative, Inc.

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