How Much Does A Bail Bond Cost?

The price a defendant or cosigner pays for a Bail Bond is known as a Bail Bond Premium. This is similar to paying for car insurance in that you pay a premium for a certain amount of coverage. While they are similarly non-refundable in nature, there is one very important difference. A Bail Bond requires the cosigner to pay the full amount of the bail set by the court in the event it is used or forfeited.

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While Bail Bond Premiums range by the state they tend to be pretty standard across the board. Some states actually regulate what a bail bondsman can charge. Although there is no legal standard to the amount a bail bondsman can charge in Oklahoma, the competitive nature of the industry tends to keep costs within a fairly reasonable and predictable range.

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So, how much does a bail bond cost in Oklahoma?

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Most clients pay their bondsman about 10% of the total bail in Oklahoma. However, there are other potential costs such as financing fees, administrative fees, filing fees etc.

 

Furthermore, it is important that a bondsman, being that he is a business owner, consider certain financial risk. For instance, if the bondsman is more likely to incur extraditions fees or need the services of a Bail Enforcer, he will likely charge more upfront to cover that potential cost. That would then become part of the non-refundable premium unless otherwise identified in the Bail Bond Contract as collateral.

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At Good Guys Bail Bonds in Oklahoma, we prefer to keep things simple. We tend to charge a flat rate of 10% for most bonds and up to 20% in some rare cases.