Discover Everything You Need to Know About Bail Bond Cost in Marion County
According to the US Commission on Civil Rights, over 60% of defendants wait in jail for their trial to begin because they can't afford to post bail. Even their loved ones might weigh their options when unsure how bonds work or how much money they'll need to hand over.
Everything can change when you find the right bail bond agency. Bail bond services have been around for decades, helping defendants and their families find pre-trial peace.
What is the typical bail bond cost in Indianapolis, and how will your bail bond cost be determined? What payment options do you have when using a Marion County bail bond from Smith American Bail Bonds - Bail Bonds Agency Of Indiana? Read on to learn everything you need about the cost of bail bonds.
What Is a Bail Bond?
There's an essential distinction between bail and bail bonds in Marion County. Bail refers to the total amount of money a judge sets after a defendant's arrest. The amount of money the judge determines is necessary to ensure that a defendant will attend all future court proceedings if released.
Theoretically, if you pay bail in full and the defendant shows up for all court proceedings as promised, you will get that money back.
A bail bond involves a bail bondsman or bail bond agent. An Indiana bondsman acts as a co-signer on the posted bail in exchange for a non-refundable fee from the defendant's representative. In other words, when working with a bail bond agent, the defendant's representative:
Must pay a fee to secure the bail bond
Will not get the fee back regardless of the defendant's cooperation in future court proceedings
Is not on the hook for full bail if the attendant does not show up
When discussing bail bond costs, we discuss the money you'll need to pay your bail bond agent in exchange for posted bail. With Smith American Bail Bonds - Bail Bonds Agency Of Indiana, you can get 24/7 bail bonds, so your loved one doesn't have to wait.
How Much Will Your Bail Bond Cost Be?
The cost of bailing someone out of jail in Indianapolis using a bail bond will depend on a variety of factors, including:
The amount of bail set by a judge
The premium charged by your bail bond agent
Any additional fees, such as transfer fees or bounty hunter fees
For example, you may need to pay a transfer fee if you work with a Marion County bondsman to cover bail in another county.
At Smith American Bail Bonds - Bail Bond Agency of Indiana, we offer cheap bail bonds at an 8% premium, compared to the typical 10% premium many other agencies charge. If, for example, your loved one's bail is set at $5,000, you would need to pay 8% of $5,000, or $400, to secure your bail bond.
How Is the Cost of Bail Determined?
Bail falls under state jurisdiction. In Indiana, Code 35-33-8-4 can tell you a lot about how a judge determines the cost of bail. Not only will bail vary based on the crime your loved one was accused of, but it will also reflect factors such as the defendant's:
Employment status
Criminal and juvenile record
Previous record in showing up for court hearings
Family ties and relationships
In other words, the cost of bail will vary based on the severity of the crime and the price deemed reasonably necessary to ensure the defendant shows up for their court proceedings.
Surety vs. Cash Bond
Another way to look at Marion bail bonds is to distinguish between surety bonds and cash bonds. A surety bond is another name for the bail bond we've discussed so far. A defendant can opt for a surety bond when they (or their indemnitor) can't afford to pay the bail set by a judge in full. At Smith American Bail Bonds—Bail Bonds Agency Of Indiana, we work with Marion County families to provide affordable, fast surety bonds. You can get a bond from us day or night. A cash bond refers to bail paid in full by the Indemnitor. Assuming the defendant cooperates with all future court proceedings, the Indemnitor can get back the money spent on bail from the court.
Can You Get Bond Amounts Reduced?
What can you do if you believe the amount of bail set by a judge was unfair? Indiana B. Hicks Law Firm provides a good outline for bail review hearings. In Indiana, a defendant (or, more likely, their lawyer) can request a hearing to review the current bail and argue to have it eliminated or reduced.
Bail review hearings do not guarantee that the judge will reduce bail. They can also prolong a defendant's time in jail before their trial begins. However, it is a reasonable avenue to consider when a lawyer agrees that a defendant's bail is excessively high.
How Can You Pay Your Bail Bond Costs?
There are several ways that an indemnitor can pay for bail bond services from Smith American Bail Bonds - Bail Bond Agency of Indiana. We accept payments made via:
Cash
Debit or credit card
Cash App
Cashier's check
We do not offer bail bond payment plans. Bail bond payment plans are not generally compliant with Indiana state law, and reputable bail bond agencies should not provide them.
Will You Need to Provide Additional Collateral?
In some cases, indemnitors will be asked to provide collateral in addition to their premium. Typical forms of bail bond collateral include:
Jewelry
Real estate
Cars or other high-value assets
Some bail bond agencies collect collateral on every bail bond they issue. A more standard practice requires only additional collateral in response to high bail or high risk. We do not require additional collateral on every bond, making it easier for Marion County residents to secure a quick, cheap bail bond.
Get 8% Affordable Bail Bonds From Smith American Bail Bonds - Bail Bond Agency of Indiana.
Your bail bond cost will vary based on the amount of bail a judge requires and the premium rate your bail bond agency charges. We keep our bail bond fees lower than most competitors at Smith American Bail Bonds - Bail Bond Agency of Indiana. Rather than charging the standard 10% premium, we charge 8%, making it easier for families to post bail for their loved ones. If you're searching for "local bail bonds near me," learn more about our 24-hour bail bonds in Marion County today.
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