‘Shift Insurance’ publish the findings of their latest 2016 research, highlighting the real cost of insurance premiums for homeowners across California state regions
Lakewood, California, Wednesday, June 1, 2016 – California brokerage Shift Insurance reveals that 14 of the top twenty least expensive regions in California for homeowners insurance are located in Southern California. Data pertaining to homes between 7 and 40 years of age with policy coverage limits of $200,000 to $750,000 were analyzed across 270 major cities in California to produce the results.
The study was commissioned to look at homeowners’ insurance premiums throughout California and provide the most comprehensive and relevant analysis to consumers. Shift Insurance determined that the least expensive regions in southern California, which ranged from Santa Barbara County to Orange County, varied widely as to the average age of the residence, median income, geographic location and crime rates.
Which regions topped the chart?
The top 20 regions in the state, in order, are Santa Maria, San Luis Obispo, Lompoc, the Downtown Santa Barbara area, Ventura Oxnard – south, El Sueno in Santa Barbara, Paso Robles, Ventura Oxnard – northwest, Camarillo, Ocean Beach in San Diego, Thousand Oaks, Montgomery Village area of Santa Rosa, Santa Clara, Pacific Beach San Diego, City Park Santa Rosa, Sunnyvale, Cupertino, Simi Valley, Campbell, and La Messa, a city in San Diego. The cheapest of the top 20 least expensive premiums ranged from $1155.09 (La Mesa) to a low of $1007.68 (Santa Maria).
Where are the top 10 least expensive areas for home insurance premiums?
1. Santa Barbara Santa Maria
2. San Luis Obispo – San Luis Obispo
3. Santa Barbara Lompoc
4. Santa Barbara Downtown
5. Ventura Oxnard – South
6. Santa Barbara El Sueno
7. San Luis Obispo Paso Robles
8. Ventura Oxnard – Northwest
9. Ventura Camarillo
10. San Diego Ocean Beach
The complete study has been published by Shift Insurance and can be seen at: