Many people have never needed to arrange a bail bond before and because if this, they are unfamiliar with how the process works. The cost to purchase a Riverside bail bond cannot be negotiated or haggled in the same way you can negotiate the cost price of a car.
What most people don’t know is the bail industry is regulated by the California Department of Insurance. All people who transact and negotiate bail bonds are required to undergo extensive training, must pass a state examination and are required to hold a valid insurance license in order to work in the field of bail. They are also required to adhere to the rules, regulations and guidelines set forth by the DOI. Included in that list is the rate at which bondsman are permitted to charge their clients.
The cost to purchase Riverside bail bonds is 10% of the defendant’s total bail amount and it is against the law for bail bonds companies to charge more or less than the legal rate.
If you are unable to pay for the full cost of the bond up front, in full, don’t worry. The bondsman you’re working with should be able to help you with a monthly payment plan and some can even offer you no collateral bail bonds.
Some bondsmen will try to lure clients in the door by offering cheap bail bonds or discount 5% bail bonds, but this typically refers to the amount of money you’d need to put down to arrange a payment plan. Their deceptive advertising is little more than a bait-and-switch marketing tactic. On the other hand, if they are offering to sell you discount bail bonds, this should be seen as an enormous red flag. This person is breaking the law.