Video Name: How Much Do Bails Bonds Cost in California? Price Set By Law
Greg Rynerson of Rynerson Bail Bonds, a insured California bail bondsman, explains how the State of California sets bail bond amounts. Each county in California has a panel of judges which set an annual bail schedule dependent upon the crime being committed. Orange County and Los Angeles County have some of the highest bail bond amounts, not just in California, but in the entire United States.
Video Date: January 2008
In California, like most states, the cost of a bail bond is set by law. So as a consumer the fee for the bail bond is set at 10% of the full bail.
So let’s say, for example, that we have a bond that is $25,000, which is the average bond in southern California; there’s a bond for $25,000 your cost should be 10% which is $2,500.
Keep in mind that these rates are non-negotiable and there shouldn’t be any hidden fees or taxes with the bail bond company that you use.
The great thing about this is that it makes it easy for the consumers because as a consumer shopping for a bail bond, you don’t need to call 25 different bail bond companies and get 25 different rates.
Legally, it should all be the same rate.
This is important to know because very often there will be the bail bond companies or agents that try to get your business by offering you a discount at a cheaper rate; and you should know that it’s illegal to charge any more or less than the state approved rate. So 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.