Everyone who works in the California bail industry is required to be licensed by the California Department of Insurance. In this way you can think of a bail bond in a similar way you would think of an insurance policy. Unlike homeowners insurance or auto insurance that insure items against damage, a bail bond insures a defendant’s behavior. Namely, it promises the court that if someone is released from custody pending trial that they will return to court when required in order to resolve their case.
Every time an Alameda bail bondsman posts a bond they are taking on a certain amount of liability. This is why they charge a fee for this service.
The cost to purchase bail bonds is set and regulated by the California Department of Insurance. No matter where in California a person is arrested the cost to bail them out of jail will be the same: 10%. This means if someone’s bail has been set at $10,000 you can expect to pay $1,000 to purchase a bail bond. The cost of a bond cannot be negotiated or haggled because it is illegal for a bondsman to charge their clients more or less than the legal rate.
If you are unable to pay the full cost of a bail bond all at once, this is OK. Some Alameda bail bonds companies are able to offer flexible and creative payment plans to those who qualify. If you are interested in a monthly payment option, be sure to ask the bondsman you’re speaking with about their company’s eligibility requirements.