BAIL BOND FEES ARE SET BY LAW
In California, the cost of a bail bond is set by law.
As a consumer, you should know that the fee for the bail bond is set at 10% of the full bail amount.
For example, if the full bail amount is $25,000, which is the average bond in southern California, your cost is $2,500. Keep in mind that these rates are non-negotiable and are set by the California Department of Insurance. There should not be any hidden fees or taxes from the bail bond company.
This makes it easy because as a consumer shopping for a bail bond, you don’t need to call multiple bail bond companies to rates. Legally, it should all be the same rate.
CHEAP BAIL BONDS ARE ILLEGAL
Often there will be the bail bond companies or bondsmen that try to get your business by offering you a discount or a cheaper bail bond. You should know that it’s illegal to charge any more or less than the state approved rate.
If you come across a company that is trying to offer you a cheaper or lower rate, keep in mind that they might be acting illegally or it could be a “bait and switch” situation where you get in the office to sign the contracts and they’re offering you what you thought was one rate, it could be something else. Also keep in mind if you’re using your house for collateral: do you really want to be using a company acting unethically. At our company you’re always going to get the state approved rates.
PAYMENT & FINANCING
We offer affordable financing and flexible payment plan options. Here are some additional resources:
- Bail Bonds Cost Video: The cost of a bail bond in the State of California is set by law. This video gives you the basics as well as tips to make sure you are working with a reputable bail bond company. Or, read the transcript.
- Payment Options: We tailor our payment and financing requirements to your individual situation. Our bail agents can help you select the best option for your situation.
- 5% Bail Premium: The California Department of Insurance sets the amount of a bail bond as 10% of the total bond. If a bail agent offers to arrange a bond for less, he is probably acting illegally or is going for a "bait & switch".
- No Collateral Bail Bonds: Known as "signature bonds" because only your signature (and the fee) is required to obtain the bond, Greg Rynerson Bail Bonds can often write bonds with no collateral required.
No Collateral Bail Bonds Video: Watch our video about no collateral bail bonds. If you prefer, you may read the transcript.
Last updated: 09/08/2014