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Rancho Palos Verde

Rancho Palos Verdes is an affluent suburb of Los Angeles. It is situated atop the Palos Verdes Hills and bluffs of the Palos Verdes Peninsula, and is known for the large tracts of open space and expansive views of the Pacific Ocean. The Point Vicente Interpretive Center in Rancho Palos Verdes is a premier whale-watching site and provides spectacular opportunities to view the annual migration of the Pacific gray whale from December through April. The cost of living in Rancho Palos Verdes is 55% higher than, the California average, and 112% higher than the national average. The median household income in Rancho Palos Verdes is 126% higher than the national average, which is needed in order to afford the cost of housing, which is 345% higher than the national average. The city’s popularity and high cost of living make it especially important to understand all the options for cheap car insurance Rancho Palos Verdes has to offer. insurance rancho Palos verdes. 

The City contracts with the Los Angeles County Sheriff’s Department for law enforcement services. The Lomita Sheriff’s Station serves the Peninsula Region Cities, as well as the City of Lomita. Rancho Palos Verdes is safer than 74% of the cities in the United States, with an overall crime rate in that is 52% lower than the national average. Property crimes is 51% lower than the California average and 48% lower than the national average. Crime rates play a very important role in determining the cost of your insurance premiums

Rancho Palos Verdes Insurance Requirements

All California state residents are required to have the basic liability insurance coverage in the following limits:

  • $5,000 of property damage liability per incident
  • $15,000 of bodily injury liability per person
  • $30,000 of bodily injury liability per incident

The minimum coverage may be all the law requires, but Cypress has a large population of higher income residents, and lots of traffic. This can put you at risk for more than what is covered by just liability. Car repairs and towing can quickly wipe out your savings, so consider adding these options for the best cheap car insurance Cypress can provide.

  • Collision
  • Towing and labor
  • Comprehensive
  • Rental reimbursement
  • Uninsured motorist bodily injury

Rancho Palos Verdes Transportation

There are 3 airports and 9 Amtrak train stations within 30 miles of the Rancho Palos Verdes city center. Seeing as how the area is as close to paradise as one can get, it is no surprise that he number of people who work from home in Rancho Palos Verdes is 105% higher than the national average. For those who do commute however, the average travel time to work in Rancho Palos Verdes is 23% higher than the national average. Carpooling or using public transportation is the best way to lower your yearly mileage and your auto insurance costs.

The Beauty in Rancho Palos Verdes

When it comes to Rancho Palos Verdes, the views are absolutely breathtaking. In this tight knit community, there are a lot of hidden gems. The community itself is very nice and has an expensive taste. The surrounding cities are the most famous in California, thus making Rancho Palos Verdes a hot real estate market. 

There are plenty of outdoor activities such as hiking, cliffs looking over the ocean, and various parks you can check out. To give an example out of several is the Abalone Cove Shoreline & Ecological Reserve. You can see various marine life in this park from little fish, sea urchin, and a lot of starfish. This park gives you a little glimpse on-what the ocean actually is. Another example for a beautiful park would be the Deane Dana Friendship Park and Nature Center. At the top of this trail, the park gives you stunning views of Long Beach and San Pedro. 

The Glass Church/Wayfarers Chapel is a stunning piece of architectural brilliance. Many people that can have the opportunity to have their wedding there, certainly do. This church overlooks the Pacific coast. This church is open to the public which means you can go check this out whenever you please. Rancho Palos Verdes is a unique place with unique taste, be sure to mark it on your bucket list.   

Housing Markets

The rental properties in this city are quite immaculate. The average rent for an apartment in Rancho Palos Verdes is $2,595, a 5% decrease compared to the previous year, when the average rent was $2,723. The average size of the properties are 1,233 square feet which is substantially larger than other cities in California. The reason why the rent is so high is because 84% of the people are paying $2,000 and up. 

Rancho Palos Verdes is home to the most stunning houses in its area. Some homes have breathtaking views of the ocean which can make them way more expensive. The housing market is somewhat competitive. The average price is around 1.3 million per home.