How Much Should You Expect to Pay for a Bail Bond in Indianapolis?

Posted on February 10, 2023 by admin

If you or a loved one are facing criminal charges in Indianapolis, Indiana and need to get out of jail quickly, then bail bonds may be the answer. But how much will it cost? The amount of money required for a bail bond varies greatly depending on factors such as the crime and location. In Indianapolis, bail bond costs can range anywhere from $500 to $100,000 or more.

This blog will explain what goes into determining the price of a bail bond in Indianapolis so that you know what to expect when it comes time to pay for your release.

Call 317-876-9600 For Cheap Bail Bonds in Indianapolis, Indiana.

The Indianapolis Bail Bond Process

The first step in understanding bail bond prices is to understand the basics of how bail bonds work. When someone is arrested, a judge sets an amount of money that must be paid for them to be released from jail until their court date. This is called “bail money” and it serves as security for the defendant’s return to court. If they fail to appear, then the bail money is forfeited, and a warrant will be issued for their arrest.

In some cases, the amount of bail money set by the judge can be too much for a family or friend to pay out of pocket. This is where bail bonds come in. A bail bond company will essentially act as a surety to guarantee the full amount of bail money set by the court, in exchange for a fee. This fee is typically 10% to 15% of the total bail amount set by the judge and must be paid upfront. Currently in Indiana, approved bail bond agents are permitted to offer services as low as 8%, but only for defendants who qualify (i.e. first time offenders, minor charges, no criminal history, etc.).

Bail Prices Vary Depending on Certain Factors

In Indianapolis, the price of a bail bond will depend on several factors. The most important of these is the severity of the charges. More serious offenses (like felonies) will generally require higher bail amounts, meaning that more money must be paid up front to secure a bond. The amount of bail may also vary by jurisdiction, as different counties and cities have their own laws and regulations concerning bail.

Another factor to consider when determining the cost of a bail bond in Indianapolis is the defendant’s personal situation. The bail bond company will assess the risk of offering a bond to determine how much money must be paid up front, as well as how much may be required for collateral. People with strong ties to their community (i.e., those who are employed and/or own property in the area) are usually seen as less of a risk and may require lower bail amounts.

Consult an Indiana Bail Bondsman for Trusted Advice

Ultimately, it is important to remember that the amount of money required for a bail bond can vary considerably from case to case. It is always best to contact a reputable bail bondsman in Indianapolis so that they can help you determine exactly how much to expect for your particular situation. With the right advice, you can ensure that you or your loved one is released from jail as quickly and affordably as possible.

Not sure which bail bondsman to choose for affordable bail services in Indiana? Contact Woods Bail Bonds at 317-876-9600 for trusted 24 hour bail bond services in Indianapolis, Indiana. We serve over 30 counties throughout the state. Request a free estimate or information, anytime.

Which Payment Types are Accepted By Bail Bondsmen?

Posted on January 28, 2021 by admin

These days, there are literally hundreds of payment methods available, from innovative online methods like Apple Pay, Venmo, and PayPal, to standard types like cash, check, credit, debit, money wires, and money orders. But when it comes to paying for bail bond, you do not have as many options, and for good reason.

Continue reading to learn how you can pay for a bail bond in Indiana, and what you need to know to get started on your loved one’s release from jail right now. That’s right; you can get started now, no matter what time of day or night, and even if it’s a holiday.

What a Bail Bondsman Does For You

To understand why bail bond agents choose to accept the types of payment methods they do, it helps to learn what it is they actually do for you when you retain their services. A bail bondsman takes on a risk acting as a surety for your loved one’s jail release conditions. You see, a bail bondsman pays the entire bond amount upfront, and then after the defendant has satisfied all court appearances, the bail bondsman is refunded by the jails. You, as the client, only pay a fraction of the entire bond amount as the service charge for the bail bondsman’s effort.

For example, if your loved one’s bail is set at 10 thousand dollars, the bail bondsman will go to the jail and front this entire amount for your loved one’s release on bond. You pay a non-refundable fee calculated based on your loved one’s bail, which is a state-regulated percentage. Here in Indiana, bail bond companies are allowed to charge anywhere between 10% and 15% of the total bail amount. In the given example, you would owe something between 10% and 15% of $10,000, which would come out to be between $1,000 and $1,500. Again, this fee would be non-refundable. Now, so long as the defendant appears for all scheduled court hearings, and does not flee the state or break any terms and conditions of the bail bond agreement, the bail bondsman receives all of the money back from the jail. This is how they act as a surety, ensuring that the defendant appears for court and does not skip bail.

How to Pay a Bail Bondsman

Bail bondsmen do not take the usual forms of payment, but the classics are always accepted, such as cash and money order. It is very unlikely for a bail bondsman to accept credit card payments, unless you are doing a debit transaction, which processes the payment directly as cash. Since it is obvious that not everyone has thousands of dollars of cash available to hand over, and since some criminal charges have enormous local county bail bond schedules in the tens of thousands of dollars or more, bail bond companies do accept other, more reasonable forms of payment, such as collateral.

Collateral For Bail Bonds

Collateral is any form of asset, whether it’s cash, property, vehicles, or something else of equal value that is held onto by a person lending a service or product. There are numerous forms of collateral a client can offer in place of, or in addition to, cash. Most types of collateral are significant, tangible assets, such as real estate and motorized commodities. However, other possible forms of collateral accepted by bail bond companies may include investment bonds, bank accounts, stocks, personal credit, credit cards, jewelry, certified heirlooms, and although very rate, certified heirlooms or highly “pawnable” items.

Where to Get the Cheapest Bail Bonds in Indiana Right Now

Woods Bail Bonds is currently offering 8% bail bonds in Indiana! This rate is the lowest it has been in years, and is only available at our Indiana bail bond company! That means you only pay 8% of your total bond amount, rather than the standard 10 to 15% rates required across the state. In order to qualify for this low rate, you must meet certain criteria. Best of all, we serve over 33 Indiana counties with reliable, 24 hour bail bonds, even on National holidays. Call 317-876-9600 to talk to a friendly and knowledgeable Indiana bail bondsman to learn if you can qualify for 8% bail bonds in Indiana!

How to Calculate the Total Cost of a Bail Bond in Indiana

Posted on September 10, 2020 by admin

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.

Common Questions About Bail Bonds

Posted on February 27, 2019 by admin

Going to jail is a stressful and confusing time; not just for the person incarcerated, but for families and loved ones as well. The best way to relieve some of the anxiety of being arrested or surrendering to an arrest warrant is to learn some relevant facts about bail bonds in your state. This will give you some insight on what to expect and how to manage the process, from start to finish.

Continue reading to review some of the most common questions about bail bonds and jail, including how to find a reputable bail bondsman in your county of interest.

How Long Does it Take to Set Bail After an Arrest?

Following an arrest, state laws determine when a bail hearing must be scheduled. These time limits vary among states, but here in Indiana, a person can be held for up to 15 days before any bond is set. Usually, bail is set within 24 to 48 hours. Keep in mind that weekends and holidays delay this time, as they are not counted.

What is a Bail Hearing?

After an individual is in detention, a bail hearing is scheduled to decide whether or not they are a flight risk, as well as, set the bail, or deny it altogether if they are considered a flight risk.

Do I Need a Lawyer for Bail?

You do not require a lawyer to simply obtain a release from jail. You want retain legal services once you know you or someone you love is facing criminal charges. It is important to hire a criminal defense lawyer before an initial hearing. This gives an attorney time to study your case and prepare the best defense. A defendant can get out of jail by simply paying or posting their bond.

Can I Just Stay in Jail?

Just because a judge approves and sets your bail doesn’t mean you have to leave jail. If you prefer, you can await your schedule court hearing in detainment rather than posting your bail. Although some people forgo spending the money on a bail bond, either because they do not want to waste money or they simply cannot afford to temporarily put up the full bond amount in cash, it is strongly advised against, and for many reasons. See our blog, “5 Reasons Why You Should Not Stay in Jail While Awaiting Trial” to learn them all.

How Much Does Bail Cost?

Bail bond companies 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 8 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.

Where Can I Get Fast and Affordable Bail?

Indiana Bail Bonds — Indianapolis Bail Bonds 317-745-6500

Call Woods Bail Bonds at 317-876-9600 for prompt and professional 24 hour 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.