Are Bail Bonds More Expensive For Felony Charges?

When you are facing a criminal charge, the last thing you want to worry about is how you are going to come up with the money to post bail. Bail bonds can be a great way to get out of jail without having to come up with the full amount of bail money yourself. But do bail bonds cost more for felony charges? Continue below to learn the answer to this common bail bond question and more.

Felony Bail Bonds Hamilton County Noblesville Indiana  317-919-2489
Felony Bail Bonds Hamilton County Noblesville Indiana 317-919-2489

Bail Bond Rates are Regulated By the State

A bail bondsman typically charges 10% of the total bail amount. So, if your bail is set at $1,000, the bail bondsman will charge you $100. There are also some additional fees that may be required, such as collateral or a co-signer. But for most minor to moderate offenses, you can expect to pay around 10% of the bail amount. Yet, bail bondsman are allowed to charge as much as 15% of the bail premium if they have good reason. You see, bail bond rates are regulated by the Indiana Department of Insurance, so a bail bond company cannot charge more or less than the 10 to 15 percent range.

The Cost of Bail May Depend on Several Factors

When it comes to comparing the cost of misdemeanor bail to felony bail, it is important to understand that bail bond prices can vary depending on the severity of the charge. For example, a misdemeanor charge will typically have a lower bail bond premium than a felony charge. This is because felonies are more serious charges and are more likely to result in a conviction. Therefore, the bail bond company will typically charge a higher premium for a felony charge.

However, it is important to keep in mind that the bail bond company will also take into account the defendant’s criminal history when setting the price of the bail bond. If the defendant has a long history of criminal convictions, the bail bond company may charge a higher premium. Conversely, if the defendant has no criminal history, the bail bond company may charge a lower premium.

What To Do if You Need an Indiana Bail Bondsman

Ultimately, the cost of a bail bond will vary depending on the specific circumstances of the case. If you are facing a criminal charge, it is important to speak with a bail bond company to get an estimate of what the cost will be. If you are in need of a bail bond in Hamilton County, it is important to shop around and compare prices. There are many bail bond companies in Noblesville IN, but not all of them are reliable choices. Be sure you choose a company with a good reputation, experience, and amenable fees and policies.

Are you looking for a Noblesville bail bond company that you feel comfortable with and that you can afford? Contact us at 317-919-2489 to get started with prearranged Hamilton County Indiana bail bond services you can trust. We operate 24/7 and offer free advice and jail information too.

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Do Bail Bonds Cost More for Felony Arrests?

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.

Federal Bail Bonds Hamilton County Indiana 317-919-2489
Federal Bail Bonds Hamilton County Indiana 317-919-2489

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!

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