Do All Bail Bondsman Cost the Same?

If you are in need of a bail bond, you may think it is proper protocol to call around to several different bail bond companies to see who will offer the best “deal.” But the truth is, there is no need to do that because the cost of bail is state regulated. However, the regulated bail limits are on a spectrum, which means that, to some degree, you may be able to procure a bail bond for less than someone else.

Continue reading to learn what you need to understand about bail bond prices before signing a bail agreement for yourself or someone else.

Cheap Bail Bonds 317-876-9600
Cheap Bail Bonds 317-876-9600

Cost of Bail

Bonds are set by judges who consider various factors before deciding on an amount. These factors include, but are not limited to, the defendant’s criminal history, the severity of their crime, and whether or not they are a flight risk. So in short, “yes”; the cost of bail is absolutely affected by the severity of criminal charges. This is for many reasons.

Bail Schedules

Most states have bail schedules with predetermined bond amounts for certain categories of crimes. For instance, shoplifting might come with an automatic bail schedule of $1000, while domestic violence might have a $10,000 bond or more. The more serious the crime, the higher the bond amount set by the judge.

If a charge is a violent one, such as assault, battery, domestic disturbances, and child abuse, you can guarantee that the bond will be set high. Furthermore, all preset bond amounts, however, can be increased upon the judge’s discretion depending on the previously discussed factors.  But not to worry, our U.S. Constitution protects us from excessive bond amounts. So they will be fair.

Bail Bondsmen

Unless you want to pay the jail or courts the full bond amount in cash or property, you will need to hire a bail bondsman. They charge a nonrefundable fee that is a set percentage of the total bond amount. For felony charges, bond amounts will be higher, which means the cost of a bail bond will be too. The premium a bail bondsman is allowed to charge is controlled and regulated by the State’s Insurance Department.

Currently, this rates are set between 10 and 15 percent. This means that the total allowable premium that bail bond companies are allowed to charge can be anywhere between these percentages. They get to choose how much they charge within this range. If a person is facing a felony charge and they have a history for fleeing, a bail bondsman will charge on the higher end, closer to the 15% marker. For first time or minor offenses, most stick with the 10% charge.

Where to Get Affordable Indianapolis Bail Bonds

Indianapolis Bail Bonds 317-876-9600

Call Woods Bail Bonds at 317-876-9600 for prompt and professional bail bond services in Indiana. We provide 24 hour bail bonds in over 30 Indiana counties. We serve the Northern, Central, and Southern Indiana areas with safe and secure bail bonds you can afford. Right now, we are offering 8% bail bonds! Request a free estimate or information, anytime.

Know the Difference Between Discounted and Reduced Rate Bail Bonds

If you see advertisements for discounted bail bonds, you are being misled. Don’t fall victim to these common bail bond untruths.

Indianapolis Bail Bonds 317-876-9600

“Discount? Sure! Just sign here first.”

When it comes to money, we are always trying to spend less and save more. For this reason, it is easy to fall victim in the consumer world to false advertisements for rebates, discounts, freebies, and more. In the bail bonds industry, these false advertisements are just as common. Many fly-by-the-night bail bondsmen will advertise that they offer bail bonds at discounted rates just to get clients in the door, but these claims are untrue because they are not in adherence to state law.

Continue reading to learn which advertisements are false, why they are false, and who you can truly trust for affordably priced bail bonds in your county.

5% Bail Bonds are NOT Real

The most common false bail bond advertisement is one for 5% bail bond rates. This bait-and-switch advertisement is not possible because bail bond companies are regulated by the state’s insurance department. There is a legal minimum and maximum that bail bond companies are allowed to offer. They cannot go above or below these state-regulated rates, regardless of their personal agendas. These rates vary from state to state, but generally fall between 10 and 15 percent. This means that a bail bondsman can charge, upon their discretion, anywhere from ten to fifteen percent of the total bond amount. For example, if the rate was 12%, and the total bond amount was $5000, the defendant would pay a non-refundable fee of $600 to the bail bonds company.

Reduced Rate Bail Bonds

Although discount bail bonds are false advertisement, there is such thing as reduced rate bail bonds. Some states have lowered the surety minimum, which allows certain counties to legally offer reduced rates for bail bond services. For instance, Indiana now allows a minimum of 8% for bail bonds. So if you see a bail bond company in Indiana advertising 8% bail bonds, it is the real deal! Of course, not all applicants will qualify for this low rate; it all depends on the person’s flight risk, their bail history, the severity of criminal charges, and more.

Finding a Trustworthy Bail Bond Company

The best way to determine if you are choosing a reliable bail bond company is to learn their history. A company that has been doing business in the same area for more than a decade is a great start. Then you want to make sure they are licensed, bonded, and insured. This protects you as a client, but also speaks to their level of professionalism. Avoid fly-by-the-night bail bondsmen by only choosing a professional who is established and has good, long-standing relationships with the local courts and jails.

Indianapolis Bail Bonds

Woods Bail Bonds

Woods Bail Bonds 317-876-9600

Call James Woods, owner and operator of Woods Bail Bonds in Indianapolis, Indiana. You can reach him or one of his highly trained and licensed Indianapolis bail bondsmen at 317-876-9600, day or night. We offer fast and friendly bail bonds, free jail information, inmate look-ups, jail pickup services, jail drop-off services, 24 hour emergency bail bond services, and more!

Woods Bail Bonds Now Offers 8% Bail Bonds in Indiana!

Lower Bail Bond Rates are Here!

Indianapolis Bail Bonds 317-876-9600

Indianapolis Bail Bonds 317-876-9600

Here at Woods Bail Bonds, we are thrilled to announce that we can now offer bail bonds at the incredibly low rate of just 8 percent! Say good-bye to paying over ten percent of your bond amount for bail bond service in Indiana! Our licensed, bonded, and insured bail agents can provide bail bonds at just 8% of your total bond amount! This means you only pay 8% of the total bond amount set by the judge at the time of your arrest. Here is an example:

Jeff is arrested in Hamilton County for shoplifting. His bond is set at $5,000. If he calls Woods Bail Bonds, he will only have to pay $400 to get bailed out of jail in Noblesville, IN. However, if he chooses another bail agency, he will risk paying over $500
for a bail bond.

Call 317-876-9600 for 8% Bail Bonds Today!

Paying just 8 percent of your bond amount can really save you some extra cash! That extra money can be put towards paying off fines related to your charges, covering personal expenses for your family, and recovering lost wages due to an arrest. At Woods Bail Bonds, we truly want to help. It is our ultimate goal to get you out of jail safely and securely so that you can get back to your personal life and obligations as quickly as possible. We never pass judgment and always offer our services discreetly. We ensure that all clients and co-signers fully-understand our contracts and agreements to protect their best interests and ours.

Indiana Bail Bonds You Can Trust

Woods Bail Bonds Indiana

Woods Bail Bonds Indiana 317-876-9600

Woods Bail Bonds provides fast and friendly bail bond services in Indianapolis, but also in all of Northern, Central, and Southern Indiana. For more than 30 years, owner James Woods has served the Hoosier communities with trusted bail bond services, notary services, underwriter services, surety services, and much more.

We offer a wide range of bail bonds too, including probation violation bonds, arrest warrant bonds, immigration bonds, federal bonds, state bonds, cash bonds, property bonds, and appeal bonds. As a family owned and operated business, we take great pride in honest and dependable service. Your comfort and satisfaction matters most. Call our office at 317-876-9600 for more information about 8% bail bonds in Indianapolis, Indiana today.