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.
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.