Single individuals in Glendale shell out an typical of $ one,823 a year for coverage, whilst married couples shell out $ 1,740, a report published final week by ValuePenguin, a client finance internet site, stated.
In Burbank, single drivers pay out $ one,481 a yr for insurance and married couples are charged $ one,406, the report study.
On the other end of the scale, residents in Calexico in Imperial County pay the lowest costs, where a year’s worth of insurance coverage on typical only charges $ 866 for single motorists and just $ 15 much more for couples.
ValuePenguin’s co-founder Ting Pen, a fiscal analyst, wrote the report. She explained the data came from the California Division of Insurance, spanning 275 ZIP codes and 52 insurance coverage organizations.
About 30 driver profiles were utilised, ranging from new drivers working a 2012 Toyota Camry LE to married mature couples behind the wheel of a 2012 Mercedes-Benz C300.
Glendale, Pen said, has high numbers of car crashes with bodily injuries and collisions involving uninsured or underinsured individuals behind the wheel, driving up charges.
That type of math adds up, mentioned Gino Mattunts, a manager at Safecal Insurance in Glendale.
“Considering all the losses insurance coverage carriers take on, they have methods to manipulate the system where a lot more premiums are gathered from L.A. or Glendale,” he said.
Pen also noted that insurance rates for 19-12 months-old males in Glendale and Burbank had been between the highest costs, topping $ 3,084 and $ 2,500 a year, respectively.
When comparing towns, nonetheless, it helps make sense that cities like Glendale shell out far more for insurance because of how numerous cars residents very own, Mattunts said.
“If you in contrast Glendale to Eagle Rock, exactly where the automobiles are valued possibly in the $ twenty,000 (per loved ones) and the regular household in Glendale drives $ 120,000 really worth of cars, so that premium is based mostly on the autos as properly,” Mattunts mentioned.
Stick to Arin Mikailian on Twitter: @ArinMikailian.
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