A. By standard, the typical industry rate for a bail bond is 10% of the principle bail bond amount set by the courts, For example, if the amount of the bail bond is $10,000, the fee is $1,000. In Minnesota, strict insurance laws/ require a specific minimum of the premium to be collected before a bail bond can be executed in Minnesota by a bail bond company/bail bondsman. A Bail Bond that is less 1,000 or less, the premium required to execute the bond is 100.00, no less can be collected.
The required premium amount is dictated based on principle amount of the bail bond. Depending on the size of the bail bond. Once the premium requirements are satisfied, a bail bond company can offer payment plan options for the remaining bail bond premium, if applicable. The Local Bail Bondsman offers the lowest money down allowed by law & Interest free payment plans.