‘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 15 of the top twenty most expensive regions in California for homeowners insurance are located in Los Angeles County. 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 most expensive regions in Los Angeles, which ranged from South LA to Compton, 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 South LA, Central LA, Echo Park/Silver Lake, Del Rey, Mid-City LA, West Hollywood, Vermont region LA, Wilshire/La Brea, El Sereno, Compton, Griffith, Northridge (zip code 91326), San Leandro, Palmdale, Lancaster, Markleeville, city in Alpine County, San Francisco’s Mission District, Reseda, San Francisco’s Nob Hill neighborhood, and Pioneer, a community in Amador County. The highest of the top 20 most expensive premiums ranged from $1,815.19 (South LA) while the lowest was $1,603.35 (Pioneer).
Where are the top 10 most expensive areas for home insurance premiums?
1. Los Angeles LA South
2. Los Angeles LA Central
3. Los Angeles Echo Park
4. Los Angeles Del Rey
5. Los Angeles Mid-City
6. Los Angeles Hollywood West
7. Los Angeles Vermont
8. Los Angeles Wilshire La Brea
9. Los Angeles El Sereno
10. Los Angeles Compton
The complete study has been published by Shift Insurance and can be seen at: