It is common knowledge that a felony arrest is a bit more serious than a misdemeanor arrest. Those arrested on a felony charge are tried and sentenced on a federal level rather than a state level, so the resulting legal penalties and social consequences are generally harsher than that of a misdemeanor conviction. Although felony arrests are serious, most defendants are still granted bail privileges. Using a bail bond provided by a local and licensed bail bond agency is one of the fastest and most secure methods of obtaining a release from jail after a felony arrest.
Continue reading to learn what you can expect from felony bail bond services, including the average cost of a felony charge bail bond and the usual terms and conditions it comes with.
What You Need to Know About Bail Bond Prices
When it comes to the average cost of a felony bail bond, there is good news and bad news. The good news is that bail bond prices are regulated by the state, more specifically the Department of Insurance. This means you can count on bail bond prices being as economical as possible, and therefore reasonable for most consumers. State regulation on bail bonds prevents shady or unethical bail bond companies from overcharging clients based on their own personal beliefs or prejudice, or price gouging those who appear wealthier than other clients.
Now for the bad news. Although bail bond prices are regulated by the state, there is still a range of discretion for bail bond agents. Right now, Indiana bail bond companies are permitted to charge anywhere from 10% to 15% of a person’s bail bond premium.
For instance, if a defendant’s, bail is set for $10,000, a bail bondsman can legally charge anywhere from $1,000 to $1,500 for a bail bond. That is 10% to 15% of $10,000. It is important to take note that, in all cases, bail bond fees are nonrefundable.
Average Bail Bond Price for a Felony Arrest
When it comes to paying for bail bond for a felony arrest. Defendant, you can expect the price to be just a bit more than someone who was arrested on a misdemeanor charge. That is because the bail bond agency is taking on more liability. In most cases, felony bail bond prices are still very fair and on the lower end for first time or non-habitual offenders.
For felony defendants who have been arrested for felony charges or convicted of felonies in the past, they can expect their bail bond price to be higher. For those who have fled the court system before, they may be given the highest bail bond price or denied bail bond service altogether.
Are you looking for a qualified Noblesville IN bail bond company to get your loved one out of jail after being arrested on felony charges? Contact Uptown Bail Bonds at 317-919-2489 for the fastest and most affordable bail bonds in Hamilton County, Indiana. We operate 24 hours a day and 7 days a week, so there is always an Indianapolis bail agency and invited to your call!