{"id":2153,"date":"2020-01-09T15:54:18","date_gmt":"2020-01-09T15:54:18","guid":{"rendered":"https:\/\/www.woodsbailbonds.com\/blog\/?p=2153"},"modified":"2020-01-09T15:54:18","modified_gmt":"2020-01-09T15:54:18","slug":"are-bail-bonds-an-economical-choice","status":"publish","type":"post","link":"https:\/\/www.woodsbailbonds.com\/blog\/are-bail-bonds-an-economical-choice\/","title":{"rendered":"Are Bail Bonds an Economical Choice?"},"content":{"rendered":"\n

When contemplating the most economical approach to getting\nsomeone you love out of jail, or even yourself for that matter, are bail bonds\nthe right way to go? Continue reading to learn about the cost of bail bonds,\nparticularly here in Indiana, to better understand whether or not a bail bond\nis a smart financial option for you.<\/p>\n\n\n\n

\"24
24 Hour Indiana Bail Bonds 317-876-9600<\/figcaption><\/figure>\n\n\n\n

Bail Bond Prices<\/h1>\n\n\n\n

Bail bonds are priced in percentages, and vary in cost\ndepending on how much a person\u2019s bail is set at by the court. The cost of a bail\nbond is a set percentage of the total bond amount set by the judge. Furthermore,\nthe bond amount set by the judge depends on a wide range of factors, such as\nthe charges against the defendant, their criminal history, and whether or not\nthey are a threat to the surrounding public, or liable to commit another crime,\nif released from custody. Keep in mind that bail bond service fees are\nnon-refundable, which is in contrast to posting bail in cash with the jail.<\/p>\n\n\n\n

Here in Indiana, the Department of Insurance regulates how\nmuch a bail bond company can charge for their services. Currently, the percentage\nis set between 10% and 15%, which means a bail bondsman can use personal discretion\nand charge a client any amount between that range. <\/p>\n\n\n\n

For example:<\/h1>\n\n\n\n

↪ Defendant\u2019s bail is set at $10,000.
↪ Bail bondsman charges 12% service fee.
↪ You pay 12% of $10,000, which equals $1,200.
⚠ The $1,200 bail bond fee is not refunded. <\/strong><\/p>\n\n\n\n

The Economics of Bail Bonds<\/h1>\n\n\n\n

Now comes the question, \u201cAre bail bonds an economical option for you?\u201d Well, the answer depends on how much disposable cash you have on hand, and whether or not you desired putting that cash up as collateral for a release from jail. You see, you can choose to pay cash and post bail directly with the jail. In this case, you would pay the total bond amount ($10,000 in the above example), but then receive that money back in full so long as the defendant follows all court orders and appears for all hearings. <\/p>\n\n\n\n

The problem with this option is that most Americans do not have thousands of dollars in cash they can temporarily give up. There are bills, groceries, car expenses, and the potential for emergencies, all of which require the average American family to retain a safety net of savings. For these reasons, bail bonds can be the more economical choice.<\/p>\n\n\n\n

Although you do not get your money back for a bail bond, you\nare only paying a fraction of the total bail amount, which in the above example\nis $1,200. Yes, this can be a massive cost in itself, but it is meant to be\nsince bail and jail are meant to thwart individuals from committing more crimes\nin the future. Overall, bail bonds provide financial relief and realistic\noptions for getting out of jail for those who do not have tens of thousands of\ndollars on hand. Talk to a local Indianapolis bail bondsman to learn all of\nyour options for bail, and whether or not it\u2019s the right choice for you.<\/p>\n\n\n\n

Where Can I Get Fast Bail Bonds in Indianapolis?<\/strong><\/h2>\n\n\n\n

Call Woods Bail Bonds at 317-876-9600<\/strong> for safe and secure Indianapolis Indiana bail bonds<\/a> you can trust, 24 hours a day and 7 days a week. Not only do we serve both adult and juvenile clients, we 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.<\/p>\n\n\n\n

\"Indiana
Indiana Bail Bonds 317-876-9600<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"

When contemplating the most economical approach to getting someone you love out of jail, or even yourself for that matter, are bail bonds the right way to go? Continue reading to learn about the cost of bail bonds, particularly here … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":2154,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,67],"tags":[847,844,846,843,842,845,848],"class_list":["post-2153","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bail-bonds","category-jail","tag-24-hour-bail-indianapolis","tag-bail-bond-economics","tag-bail-bond-indianapolis","tag-bail-bond-price-indianapolis","tag-bail-bond-prices-indiana","tag-bail-bonds-pros-cons","tag-cheap-bail-indianapolis"],"_links":{"self":[{"href":"https:\/\/www.woodsbailbonds.com\/blog\/wp-json\/wp\/v2\/posts\/2153","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.woodsbailbonds.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.woodsbailbonds.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.woodsbailbonds.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.woodsbailbonds.com\/blog\/wp-json\/wp\/v2\/comments?post=2153"}],"version-history":[{"count":1,"href":"https:\/\/www.woodsbailbonds.com\/blog\/wp-json\/wp\/v2\/posts\/2153\/revisions"}],"predecessor-version":[{"id":2155,"href":"https:\/\/www.woodsbailbonds.com\/blog\/wp-json\/wp\/v2\/posts\/2153\/revisions\/2155"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.woodsbailbonds.com\/blog\/wp-json\/wp\/v2\/media\/2154"}],"wp:attachment":[{"href":"https:\/\/www.woodsbailbonds.com\/blog\/wp-json\/wp\/v2\/media?parent=2153"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.woodsbailbonds.com\/blog\/wp-json\/wp\/v2\/categories?post=2153"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.woodsbailbonds.com\/blog\/wp-json\/wp\/v2\/tags?post=2153"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}