The easiest way to bail someone out of jail is with cash, though this doesn’t always work and leads us to the topic of discussion: bail bond collateral. In most cases, a surety bond is the way to go when bailing someone out of jail. A surety bond is when you pay 10 percent of the bond amount to the bond agency (also called a “premium”) and the agency’s insurance company backs the rest. When you buy a surety bond, you also have to have enough collateral to make up for the other 90 percent of the bond in case the accused skips out on a court date.

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Bail bonds are a tricky business. Most people don’t know how they work, how to get one, or even how much they cost. Today, we will discuss one important component of bail bonds: Co-signing. By the end of this post, you should know everything you need to know about setting up and becoming liable for a bail bond.

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Bail bonds exist for one reason: To get people out of jail. The bail amount is set rather high for multiple reasons, though, which can put a lot of financial pressure on the person bailing someone out (the guarantor). As a guarantor, you will have certain responsibilities to make sure the accused does not miss the court date which, in most cases, will cause your collateral to be surrendered.

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We have all heard about bail bonds from cop shows and movies, but how many of us have actually taken out a bail bond to get someone out of jail? That said, how much does bail actually cost?

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