There are several bail bond companies in California. All
these agencies are licensed by the California Department of Insurance. If you
look in your local California phone book under "bail bonds" you will
see that these companies have a license number located on their advertisement.
To see the license status you can go to the web site insurance.ca.gov and put
this number in the license look-up section. Due to the rules and regulations of
the California Department of Insurance (CADOI) all bail bond companies in
California must charge a 10% or an 8% premium for your bail bond. Although all
California bail bond companies must charge the same, there is still room for
negotiation.
If you need more comprehensive explanation about Bail Bonds you can go to San Antonio Bail Bonds.
You will not be able to negotiate the bail premium lower
than 8%. For instance, if your friend is in jail somewhere in California and
his bail is set at $25,000 you must pay 10% or $2,500 to bail him out. However,
some of these companies have a special 8% rate filed with the CADOI. In this
example, you could pay a lower premium at $2,000 and save yourself $500. In
most cases a bail bond company in California will almost always want to offer
you the 10% rate. So even though they have an 8% filed rate they will still
want to charge you a 10% premium. Therefore the negotiation begins by asking
the bail agent on the phone if they have an 8% rate.
The 8% rate holds some conditions which you must understand.
Either the co-signer or the defendant must be in the U.S. Military, a Veteran,
a Union Member, or must have hired a private attorney. If you can't find a
co-singer that has one of these criteria you will have to pay 10% or $2,500 in
our example above. However, you can still negotiate the down payment of the
bond.
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