July 6, 2022 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

Newsom Signs Sen. Ben Allen’s Pollution Bill That Places Recycling Costs on Producers Rather Than Municipalities

July 6, 2022

July 6, 2022

Senate Bill 54 calls on the producers of specific materials to form a Producer Responsibility Organization  By Sam Catanzaro California...

LA City Council Approves Emblem Program to Identify Legal Cannabis Business

July 6, 2022

July 6, 2022

Placards will serve as notice to the public and enforcement agencies that the business is licensed Last week, Los Angeles...

VP Kamala Harris Visits Santa Monica Fire Station

July 6, 2022

July 6, 2022

Vice President and husband Doug Emhoff stop by Santa Monica Fire Station #2 on Monday By Sam Catanzaro Vice President...

City Council Approves Permanent Parklet Program For Local Businesses: Santa Monica Beat – July 4th, 2022

July 5, 2022

July 5, 2022

Local news and culture in under 5 minutes.* Sony Calls For ‘respect’ After Gaming Developers Receive Online Bullying * City Council...

Landscaping 50 Percent Complete for George Wolfberg Park at Potrero Canyon

July 3, 2022

July 3, 2022

Officials provide update for park under construction By Dolores Quintana A recent update from the City of Los Angeles’ Department...

John McEnroe and Patty Smyth Sell Malibu Home for $29 Million

July 2, 2022

July 2, 2022

Malibu Colony home sold to unknown buyer in private sale By Dolores Quintana John McEnroe, a retired former tennis star,...

SMa.r.t. Column: A Tale of Two Cities

July 2, 2022

July 2, 2022

The City of Santa Monica is surrounded on three sides by the City of Los Angeles. Therefore, while the jurisdictions...

Santa Monica City Council Approves Ballot Measure That Would Increase Hotel Bed Tax

July 1, 2022

July 1, 2022

Santa Monica’s bed tax has been raised since 2004 By Dolores Quintana In a vote on June 28, the Santa...

PETA Attempts to Stop the Beach Club From Holding Annual Fireworks Display

July 1, 2022

July 1, 2022

Parking lot where display is held is on City of LA land, not Santa Monica, allowing Club to obtain permit...

Santa Monica-Malibu Unified School District Prepares for SMASH/Muir Campus Mold Removal

June 30, 2022

June 30, 2022

Exact costs for repairs still unknown By Dolores Quintana and Sam Catanzaro  It is unknown exactly how much the total...

Watering Restrictions for Santa Monica Residents Take Effect Soon

June 30, 2022

June 30, 2022

New restrictions will go into effect on July 5, limiting watering to twice a week By Sam Catanzaro New restrictions...

Daily Harvest Recalls Meal Kits Handed out at Venice Event Following 470 Cases of Mysterious Illness

June 30, 2022

June 30, 2022

Direct-to-consumer meal kit company under fire for handling of outbreak tied to lentil and leek meal kit By Sam Catanzaro...

Central Coast Brewery Makes Westside Acquisitions

June 29, 2022

June 29, 2022

Figueroa Mountain Brewing acquires Broxton Brewery, The Stalking Horse and more. Staff, current beer taps to remain on board at...

Mexican Restaurant Possibly Expanding Into Former Swingers Space

June 29, 2022

June 29, 2022

Bar Hermanito applies for an alcohol exemption sales permit for space at 802 Broadway in Santa Monica By Dolores Quintana...

Six Family-Fun Westside Fourth of July Events

June 29, 2022

June 29, 2022

Fireworks, parades, runs and more taking place across the Westside  By Ashley Sloan  Pacific Palisades  The Pacific Palisades will be...