Los Angeles zip codes paying the most for car insurance:
And who pays the least? 92673 in San Clemente ($1,346), 92672 in San Clemente ($1,348), 92688 in Rancho Santa Margarita ($1,350), 92610 in Foothill Ranch ($1,353), and 92675 in San Juan Capistrano ($1,362).
Within the city of Los Angeles, the 90024 zip code saw the largest increase in rates, up 39.8% ($628) over this 5-year time period, and the 90079 zip code saw the smallest increase in rates, up 28.55% ($495).
Further, some Los Angeles residents pay more than others:
There’s just a $52 insurance penalty for texting or using a cell phone while driving in LA, but speeding will raise rates by $684, an at-fault accident by $1,041, racing by $3,153, and a DUI or reckless driving by $3,296 per year.
According to insurance agent and expert Neil Richardson:“There are significant and unique risks in California that drive up the cost of auto insurance across the state.”
Weather: In addition to the current extraordinary wildfire damage (and many fire incidents over the past several years), California experiences earthquakes, floods, hailstorms, and countless other weather events which cause significant property damage. For example, a 2014 earthquake in South Napa caused about $153 million in insured losses.
Population: California saw more than 5% population growth between 2010 and 2015. As metropolitan areas become increasingly densely populated, the occurrence of crashes and other incidents, and thus more people filing claims in a particular region, also increases.
Behavior: Californians themselves play a big part in how insurers price rates. In 2012 and 2013, there were almost 18,000 suspected cases of fraud totaling about $120 million, and in 2014 there were almost 160,000 vehicles stolen with an estimated value totaling about $900 million. Nearly half of vehicle thefts occurred in Southern California and around 20% happened in the San Francisco Bay area, unsurprisingly raising rates in these areas.”