Are Bail Premiums Negotiable?
No, bail premiums are not negotiable. The percentage of the total bond that makes up the bail bond is mandated by each state (or in the case of Texas, each county) and is not negotiable. These rates can vary depending on the state, but are often times set by statute or the state's Department of Insurance. Typically the bail bond premium is 10 to 15 percent of the total amount of the bond ordered by the court.
[Are Bail Premiums Negotiable] These fixed rates set cannot be discounted. It is illegal for a company to discount their fees and if they do so they risk having their license revoked. And while this rate can sometimes seem steep, there is justification behind this pricing. The purpose of bail bonds is to be an assurance to the court that the defendant will appear for their trial, therefore the defendant's bail is set to an amount that corresponds with the crime and motivates the defendant to appear. So if that amount was negotiable or able to be reduced, hypothetically the motivation to appear would be reduced as well.
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What is a Bail Bond Premium?
A bail bond premium is the fractional amount paid to a bail bondsman instead of covering the entire bail amount as set by the court system.
Often times, people cannot cover the full amount of bail and utilize a bail bond to free their loved ones. For the agreed-upon bond fee, the bail bondsman assumes responsibility of the bail amount and making sure that defendant makes the necessary court appearances.
Who sets the Bail Premiums for States?
Often times, bail premiums are set by statute or by the state’s Department of Insurance. Several states don’t set a specific maximum bail premium but require a bail bonds company to have an approved rate on file that is not “excessive, inadequate, or unfairly discriminatory.” There are also multiple states that do not allow private bail. You must go through the jail systems for bail in the no bail states.
What are the Federal Rates?
Bail bond rates for federal courts are set at 15%. Immigration bonds are set at 20%.
Are Bail Premiums Negotiable
Are you able to negotiate the price of a bail bond when you work with a bail agent? Find out here.
Since the price of a jail bond is regulated by the State of California, you’ll be paying the same amount no matter what bail bondsman you choose. The only difference, then, is the level of experience and the abilities of the bondsman. Bail Bonds America provides the most experienced agents, specialized in excellent customer service.