Rancho Santa Margarita is a fairly new master planned community set upon rolling hills in Orange County, California. Most facilities in Rancho Santa Margarita are owned and maintained by private organizations which collaborate with public and private organizations such as public service agencies, Homeowner Associations, and community foundations. The cost of living in Rancho Santa Margarita is 16% higher than the California average, and 59% higher than the national average. The average travel time to work in Rancho Santa Margarita is 11% higher than the national average. This plus the city’s high cost of living make it very important to explore all the options for cheap car insurance Rancho Santa Margarita has available.

The City of Rancho Santa Margarita contracts with the Orange County Sheriff’s Department for all of its law enforcement needs. Rancho Santa Margarita is safer than 84% of the cities in the United States, with an overall crime rate that is 76% lower than the national average. Property crime is also low, at 77% below state average 75% lower than the national average. This is good news for Rancho Santa Margarita residents, because lower crime rates mean lower insurance premiums.

Rancho Santa Margarita 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 Rancho Santa Margarita 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 Rancho Santa Margarita can provide.

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

Rancho Santa Margarita Public Transportation

There are 2 airports and 11 Amtrak train stations within 30 miles of the Rancho Santa Margarita city center. Orange County Transportation Authority (OCTA) provides public transportation services from Rancho Santa Margarita. OCTA’s County-wide system has 80 bus routes and 6,500 bus stops to get you practically anywhere you want to go in Orange County. The number of people who take public transportation in Rancho Santa Margarita is 81% lower than the national average, and the number of people who carpool to work is 25% lower than the national average. The reason most people don’t use public transportation is probably because  the number of people who work from home in Rancho Santa Margarita is 54% higher than the national average. Many people don’t need to to commute, but those who do can save money by carpooling or taking the bus to reduce their yearly mileage.

Rancho Santa Margarita is a unique place that is right next to Trabuco canyon. With that being said the nature around this city is beautiful. If you are the type of person who is in love with nature and views of rolling hills then this city is for you. Along with the beauty, this city is marked as the 3rd safest city in California. Safety is key if you are looking to raise a family in the city that you are looking for. Also, the cost of living in this city is average compared to the rest of California. This could be the most ideal place for your family or your future family if you are looking around this area.

The activities in this city are some great fun as well. An activity that is great for a family to enjoy is going to Cinepolis Luxury Cinemas.The seats are huge and they also recline all the way back for the best comfort while you are watching a movie. Something that can be enjoyed while the kids are at home is some of the breweries. You can taste locally made beer to the nationally acclaimed ones. As you can probably tell this city is perfect for everyone’s needs. Just a short drive fro surrounding cities so you could never get bored.

Housing Trends

Living in Rancho Santa Margarita gives you a nice view of the trabuco canyon. The average rent for an apartment in Rancho Santa Margarita is $2,104, a 5% increase compared to the previous year. Landlords can raise the rent in these areas cause the quality of living is higher than some other counties and cities in California. The average size for an apartment is around 828 square feet but varies deeply on the unit type and also the area in Rancho Santa Margarita you are looking in. 53% of people who rent their property, pay $2,000 or more. 

The housing market is very competitive with the median home price being $604,000. That is somewhat of a good price when it comes to looking for a first home. Homes can sell 1% above listing price and many homes get multiple offers.

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