Newport Beach is a seaside city located in Orange County, California, and is also home to Newport Harbor. Its population in 2014 was 87,266 and the median household income is over $104,000, one of the highest in the nation. The harbor is one of the busiest in the nation for recreational sailing, but there is a good deal of commercial maritime operations in the city as well. The local economy is extremely diverse, and the city is home to one Fortune 500 company (PIMCO insurance). Whether you are a resident or plan to visit, it is worth the time to explore the number of options for cheap car insurance available in Newport Beach.
About Newport Beach
The Newport area was very prominent Indian land before settlers reached the coasts of California. Indian shells and relics can still be found today. Throughout the 1800s, settlers began to inhabit the area due to the availability of land, which the State of California sold $1 an acre. Newport Harbor once supported maritime industries such as boat building, shipbuilding, and commercial fishing, but today it is used mostly for recreation. The Newport Harbor is a semi-artificial harbor that was formed by dredging Newport Bay estuary during the early 1900s. Several artificial islands were built, which are now covered with private homes, and it is now a popular destination for all boating activities, including sailing, fishing, rowing, canoeing, kayaking, and paddle boarding.
Driving In Newport Beach
The crime rate in Newport Beach is well below the national average, however the number of fatal car accidents is around the same as the state average.
Many neighborhoods in Newport Beach are perfect for bicycling. Locals are inclined to use bicycles for short trips, especially to get through summer beach traffic and avoid motor vehicle parking shortages. The nearest freeway is Interstate 405, and with Huntington Beach and Laguna beach close by, it is always filled with traffic from visitors and residents. With the area being full of expensive homes and properties, make sure you have adequate car insurance coverage if you plan to visit, or stay.
Fun things in Newport Beach
Newport beach is the place to be during the summer and when it is hot outside. Newport offers some pretty cool tours you can take. Some are quite expensive and some are very inexpensive. The expensive tours include private sunset whale watching tour and a gondola dessert cruise in Newport harbor. The inexpensive ones include newport beach sunset cruise and a full day deep sea fishing cruise. What is recommended is the full day deep sea fishing. It is a great experience to fish and catch something that was such a battle. It’s a great trip for a bachelor gathering or things like that. What is mostly caught is yellowtail or white sea bass.
Newport is also very popular during the 4th of July. Families and friends gather and spend the whole day in Newport and when the sun goes down, Newport puts on a massive firework show. During the day, they have a little parade with the local boats. They dress them up in all red, white, and blue and sail around the harbor. People really seem to enjoy Newport Beach.
Living and Renting in Newport
The average rent for an apartment in Newport Beach is $2,818, a 3% increase compared to the previous year, when the average rent was $2,733. Landlords can increase their rent in heavily populated and sought after areas if people will continue to pay. These numbers obviously vary on what type of apartment you are looking to get into. The average apartment size in Newport is at 967 square feet. 77% of people who rent property in Newport pay around $2,000.
The homes in Newport are expensive as well. The average home price is around 1.95 million dollars. Homes sell around 4% below list price. As you can see, living in Newport is an expensive place to live but the prices don’t seem to stir people away.