January 19, 2021 Breaking News, Latest News, and Videos

Santa Monica Among Priciest Cities For Auto Insurance:

If you live in Santa Monica, a 15-minute phone call might not save you 15 percent or more on car insurance with one provider. Heck, you might not be able to generate even more saving in half the time as another provider promises. In fact, one report published this week stated pretty much anyone living in Santa Monica and driving a vehicle pays among the highest insurance rates in the State.

A WalletHub report published Tuesday, April 8 found Santa Monica ranked 97th out of California’s 100 largest cities in terms of affordable auto insurance. With insurance rates 29.19 percent higher than the state average, Santa Monica residents ranked the fourth most-expensive city.

Specifically, WalletHub reported Santa Monicans pay, on average, $1,637.31 annually for auto insurance.

Only Inglewood, Los Angeles, and Glendale finished lower than Santa Monica among the 100 largest California cities.

The City of Santa Maria had the lowest insurance premium rates in the state, with its residents paying $997.47 annually, on average. The cities of Simi Valley and Antioch were right at the median insurance premium rate of about $1,265 annually.

WalletHub determined the insurance premium rates for the 100 largest cities based upon a “base case.”

The base case is a female driver with zero accidents and no traffic violations within the past five years. Her annual mileage is 16,000 miles and is 37 years of age. She lives in Oakley, CA, was licensed at age 21, is a single unemployed female, and drives a 2008 Honda Accord sedan with a four-cylinder engine.

Oddly, though she is unemployed, the base case drives 20 miles each way to work, five days per week.

What the base case driver has on her insurance policy includes $50,000 coverage for injury/death to one person, $100,000 for injury/death to more than one person and $50,000 for damage to property, medical coverage of $1,000, coverage for collision with uninsured motorist of $30,000, collision with underinsured motorist of $60,000, $1,000 collateral coverage, and $1,000 comprehensive coverage.

While Santa Monica ranked fourth highest among the 100 largest cities in the State, the County of Los Angeles was home to the most expensive auto insurance premiums in California.

Auto insurance rates in Los Angeles County are $1,584.61 annually, the highest among California’s 58 counties.

WalletHub released some other facts in its report. For example, a 16 year old pays 215 percent more for auto insurance than a 37 year old.

The more you drive, the more you pay. Specifically, driving 20,000 miles or more annually means you pay 32 percent more than someone who keeps his or her mileage less than 6,000 in a 12-month period.

Expect your auto insurance premiums to double if you are charged with driving at least 20 miles more than the posted speed limit.

Similarly, being involved with two auto collisions within two years could translate into a 140 percent jump in insurance rates.

Interestingly enough, men pay about 0.77 percent less than women do, on average, for auto insurance.

According to WalletHub’s report, there are about 22 million registered drivers in California, with more than 15,000 miles of highway within the State.

The California Highway Patrol reported 161,743 traffic collisions resulting in injury or fatality in 2011, translating into an accident or incident every 3 minutes and 15 seconds.

For the complete report, visit the WalletHub website at wallethub.com/edu/california-car-insurance-report/2782.

in News
Related Posts

Santa Monica Pier Ferris Wheel to Turn Amber as Part of Nationwide COVID-19 Memorial

January 18, 2021

January 18, 2021

Pacific Park joins nationwide COVID-19 memorial Tuesday night By Chad Winthrop The Santa Monica Pier ferris wheel will light up...

City Council Has Appointed An 11 Member Civilian Police Oversight Commission: Santa Monica Beat – January, 17, 2021

January 18, 2021

January 18, 2021

Local news and culture in under 5 minutes. * City Council Has Appointed An 11 Member Civilian Police Oversight Commission...

Video: 25K New Housing Units in LA?

January 17, 2021

January 17, 2021

With a massive spike in homelessness forecasted, LA lawmakers want to build 25,000 new housing units. Learn more in this...

Edify TV: Overhaul for Canyon Property?

January 15, 2021

January 15, 2021

A unique Santa Monica Canyon property may be getting an overhaul. Learn more in this video made possible by School...

Edify TV: The Westside’s Best Pies

January 14, 2021

January 14, 2021

Here are some of the best pies on the Westside ahead of National Pie Day on January 23. Learn more...

City Council Votes Mayor Himmelrich And Team To Keep Council Positions: Santa Monica Beat – January, 14, 2021

January 14, 2021

January 14, 2021

Local news and culture in under 5 minutes. * City Council Votes Mayor Himmelrich And Team To Keep Council Positions...

65-Year-Old Santa Monica Bakery on Verge of Shutting Down

January 14, 2021

January 14, 2021

Westside Food Scene January 14, 2021 By Kerry Slater 65-Year-Old Santa Monica Bakery on Verge of Shutting Down  A beloved...

Food Review: The Westside’s Insanely Delicious Tijuana Tacos

January 14, 2021

January 14, 2021

Tacos 1986 in Westwood Village stands out amid a crowded taco scene By Kerry Slater In a city filled with...

Santa Monica Pier Closed for Five Days in a Row

January 13, 2021

January 13, 2021

City cites warm weather forecasted for Santa Monica By Sam Catanzaro With temperatures reaching the 80s expected, city officials are...

Edify TV: Westside Kids Compete to Keep Beach Clean

January 12, 2021

January 12, 2021

Westside kids are competing to keep the beach clean! Learn more in this video made possible by Santa Monica College.

Santa Monica Fire Department Rolls Out Vaccinations

January 12, 2021

January 12, 2021

SMFD helps with rollout across county  By Chad Winthrop Beginning this month , Santa Monica Fire Department firefighters and paramedics...

SMC and MLK Westside Coalition’s 36th Annual Celebration of Rev. Dr. Martin Luther King, Jr.

January 12, 2021

January 12, 2021

Mon, Jan 18, 9:00 AM – 11:00 AM Online Only at 9am on Jan. 18th – Visit: MLKjrWestside.org  The Rev. Dr....

Assemblymember Richard Bloom Announces Intention to Run for L.A. County Supervisor

January 11, 2021

January 11, 2021

State rep. looking to replace Sheila Kuehl in 2022 By Sam Catanzaro With incumbent Supervisor Sheila Kuehl signaling she won’t...

Man Jumps to Death at Santa Monica Place

January 11, 2021

January 11, 2021

Man jumps off parking structure in Monday suicide  By Sam Catanzaro A man died by suicide Monday after jumping off...