When a person is arrested and taken to jail, they will face two scenarios in terms of a release. The first scenario is that their charges are serious, so they must wait in jail for a bail hearing to see if a judge sets bail or not. The second scenario is that their charges are minor to moderate, and bail is automatically set for them. In this case, a person can choose to pay their full bond amount in cash directly to the court for a release from jail, or they can choose to contact a bail bonds company and pay a smaller fee for a release from jail. The latter option is the most popular because it is cheaper and more convenient than placing all of your money up for bail.
Continue reading to learn how you can calculate the total cost of bail, and who to call for a fast and personalized Indiana bail bond quote.
Bail Bond Company Payment Arrangement Models
When using a bail bonds company to get out of jail, you will pay a non-refundable fee for their services. This fee is a certain percentage that is calculated by using your individual bond amount, therefore, it varies from person to person. The rates at which bail bondsmen can charge for their services are regulated by the state insurance department. In Indiana, this rate is 10 to 15 percent, with 10% rates for state charges and 15% rates for federal charges.
Examples of Bail Bond Price Scenarios
If Katie’s bail is set at $20,000, and her charges are on the state level, it is likely that a bail bond company will charge her 10% of her total bond amount. Ten percent of twenty thousand is $2,000. This means that she would pay a nonrefundable fee of $2,000 to get a bail bond for a release from jail. She would not get this money back after her legal orders are completed. And if she fails to adhere to all the court orders and bail bond contractual agreements, she (or whoever cosigned for her bail bond) will have to pay back the remaining $18,000 to the bail bond company.
If Jerry’s bail is set at $100,000 for a felony charge, it is likely that a bail bondsman will charge the full 15% rate. Fifteen percent of 100,000 dollars is fifteen thousand dollars. He would have to pay a nonrefundable fee of $15,000 to obtain a release from jail using a bail bond.
Where to Get Fast and Affordable Indianapolis Indiana Bail Bonds
Call Woods Bail Bonds at 317-876-9600 for safe and affordable Indianapolis Indiana bail bond services you can trust. Right now, we are offering 8% bail bonds! That’s the lowest Indiana has allowed bail bond companies to charge in decades! Our friendly bail bondsmen also offer prearranged bail bond services for those needing to surrender to an arrest warrant. In some cases, we can get you turned in and released in as little as one hour. Request a free estimate or jail information, anytime.