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

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.
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.

Related Posts:

Comprehending the Costs and Fees Associated with Bail Bonds
What You Need to Know About Being Denied Bail After an Arrest
Understanding the Laws Surrounding Bail Bonds in Indiana

FAQS About the Cost of Bail

The most common and affordable method to get a friend or loved one out of jail is to use a professional bail bond company. And although affordable, bail bonds are not cheap. So it can be very stressful for a person to be given the duty of collecting a large amount of money for such a serious need, unexpectedly. In addition to bills, mortgages, credit card debt, gas prices, and child expenses, it can seem near impossible. To help those in need of bail or bail money, it is wise to learn what you can about bail prices and procedures.

Continue reading to review some frequently asked questions about the cost of bail, where to find money for bail, and more.

Indianapolis Bail Bonds 317-876-9600

Indianapolis Bail Bonds 317-876-9600

Where Can I Get Money for Bail?

When you are having trouble coming up with the money to bail someone out of jail, you have some emergency cash options. An easy way to get bail money is to pick up some extra hours at work by trading shifts, picking up shifts, or asking for overtime. If you cannot pick up additional shifts, you have the option of selling old clothes and belongings in a yard sale, online, or at a local consignment shop. You can also visit a local cash loan store. Most times, this type of borrowing is not recommended for regular use because you can wind up in a never-ending loop of paying and borrowing. However, these stores can be very beneficial to someone that needs an emergency cash loan right away.

How is Bail Set?

For most jurisdictions around the country, bail schedules are used to help set bail amounts. These are assigned bail amounts for specific types of crimes. For instance, the crime of shoplifting a pair of sunglasses from the convenient store may have a bail amount set at $1,000, while a drunk driving charge may start at $5,000 bail. Bail schedules differ from state to state, and sometimes even county to county. Furthermore, Judges have the discretion of setting a person’s bail amount, whether that means setting it high, setting it low, or granting no bail requirement at all.

What Influences the Set Bail Amount?

The purpose of setting a bail amount is to obligate and encourage offenders to appear for their court heating after being released from custody. They should be high enough to make offenders want to appear for court, but not so high that they are incredibly unreasonable. The most common factors that influence bail amounts include a defendant’s criminal history, severity of crime, the likelihood of fleeing, financial resources, and the risk they pose to themselves and others.

Is the Cost of Bail Higher for Felony Charges?

Bond amounts are set by judges who consider various factors before deciding on an amount, like the defendant’s criminal history, the severity of their crime, and whether or not they are a flight risk. So in short, the answer to this question is, “probably.” The cost of bail is almost always affected by the severity of criminal charges.

What Can I Do if I Cannot Afford to Hire a Bail Bondsman?

When you cannot hire a bail bonds agency for whatever reason, there are some other options to raising money to pay for bail in Indiana. Some options include borrowing money from friends or family, borrowing money from Cash Advance businesses, taking out property liens, selling items to pawn shops, and looking for a second job.

Where Can I Get the Best Price for Bail in Indiana?

Indianapolis Bail Bonds 317-876-9600

Indianapolis Bail Bonds 317-876-9600

Right now, Woods Bail Bonds is currently offering 8% bail bonds! This is the lowest rate in years, and only available here! 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. Call 317-876-9600 to talk to a friendly and knowledgeable Indianapolis bail bondsman to learn if you can qualify for 8% bail bonds in Indiana!