Lake Stickney is a relatively small lake with a maximum depth of 34 feet. Its watershed covers 2410.8 acres, and most of its shoreline is residential, although there is a wetland bordering the southern third of the lake. If you live in Lake Stickney, you should check your insurance policy to ensure you're covered for accidents, as well as other risks.
Average cost of auto insurance in Lake Stickney Washington
Auto insurance in Lake Stickney, Washington is not cheap. Fortunately, you can save money on your coverage by getting a discount. The state requires that you carry a certain minimum level of coverage. You can also choose between liability only and full coverage. Additionally, you can save more by purchasing SR-22 insurance.
Auto insurance rates vary widely depending on your age. Young drivers face higher premiums than drivers who are older. This is because car insurers consider teenagers to be higher risk drivers than older drivers. The average annual premium of a 16-year-old driver in Washington is $6,301. By comparison, the annual premium of a 50-year-old driver is only $999. That makes Washington the 27th cheapest state for a 16-year-old driver.
If you have a clean driving record and no accidents, you can find the cheapest auto insurance coverage. Those with accidents or tickets are likely to pay more, but most Washington auto insurance providers will still offer you coverage. A clean driving history, for example, can save you up to 45% on your premium.
Young drivers with a history of traffic violations and accidents will pay more for their coverage. As a result, it is important to compare car insurance quotes from different companies. Young drivers with speeding tickets or other past violations should make use of a comparison site to compare prices. The State Farm rate is only $3,658 per year, which is 41% less expensive than average rates.
If you are looking for the cheapest car insurance policy in Lake Stickney, Washington, you can look at State Farm. The company has the lowest monthly and yearly rates. You can also find a lot cheaper insurance rates with Mutual of Enumclaw. Mutual of Enumclaw, for example, offers full coverage for $1,289 per year - or $32% lower than the state average.
Demographics in Lake Stickney Washington
In Lake Stickney, Washington, the median age was 34.5 years. Despite its aging population, the majority of its people are still US citizens, with the median age of the native-born population of 30 years being higher than the average for the state of Washington. Likewise, the number of foreign-born residents in Lake Stickney was higher than in many other US cities, with the majority of them hailing from Mexico, India, China, and South Africa.
The area employs 7.36k people, with the majority working in the Manufacturing, Health Care & Social Assistance, and Retail Trade industries. The median annual income for households in Lake Stickney is $71,478, compared to the national median of $64,994 for the same age group. Those under age 25 earn less than half of that amount, earning an average of $48,228 per year.
The median property value in Lake Stickney, WA was $434,200 in 2020, which was higher than the national average of $229,800. Additionally, the local homeownership rate was 54.4%, which is lower than the national average of 64.1%. Most households in Lake Stickney drive alone, with an average commute time of 31 minutes. The average number of cars per household is two.
Income inequality in Washington was 0.301% lower in 2020 compared to the previous year, but the distribution of wages was still less even. As of May 2021, there will be 145M people employed in Washington, which is 8.45% higher than in May 2020. Employment numbers for the state's various industries sectors are shown in the chart below.
Races and ethnicities
Despite the fact that race-based discrimination is illegal in every state, insurance companies continue to charge African-Americans more than white drivers for the same level of coverage. The disparate pricing of insurance policies is likely responsible for the higher rates of uninsured drivers among African-Americans, despite the fact that insurance is mandated in every state, except for New Hampshire. This is a serious problem that insurance regulators must address.
The disproportionately high rates of car insurance for people of color have become the subject of widespread media coverage. The Consumer Federation has created an interactive map that shows the premium differences by race. You can even search by zip code to see what your premiums are. This map allows you to see how much higher or lower your premiums will be based on your race and other factors, including your credit history.
The disparity in auto insurance premiums among white and minority neighborhoods is a symptom of structural racism. For example, African Americans pay significantly higher premiums for state-mandated auto insurance than white drivers. The disparity in premium rates is driven by socio-economic factors, which are not reflective of your driving history. Minority neighborhoods often have lower incomes than white neighborhoods, making the higher payments more difficult to afford.
Car insurance premiums may vary by ZIP code. Interestingly, some cities have a negative correlation between the proportion of white residents and annual rates. In one MoneyGeek study, Oakland, California, had the highest negative correlation between white population percentage and car insurance rates. In comparison, the five ZIP codes with the lowest rates have higher percentages of white residents.
According to the MoneyGeek study, the difference between car insurance premiums between white and non-white ZIP codes was $891 per year. The higher percentage of white residents in the ZIP code with the lowest rates led to lower insurance premiums for white residents. This discrepancy is particularly striking when comparing rates in the same ZIP code.
The employment rate in Lake Stickney, Washington is growing at a rate of 41.4% from 2019 to 2020, according to the US Bureau of Labor Statistics. The three largest industry sectors include Manufacturing, Health Care & Social Assistance, and Retail Trade. Many residents also work in other sectors.
The population of Lake Stickney, WA is made up of Whites, Asians, and Hispanics. While there are many immigrants to this area, the majority of residents are US citizens. The population of this city is also made up of a high percentage of Vietnam veterans.
The median age for the city is 34.5 years. It is higher for natives than foreign-born residents, who are 35 years old. Foreign-born residents in Lake Stickney, WA are primarily from Mexico, India, and China. In addition to their American citizenship, the majority of residents also have health insurance.
The median home value in Lake Stickney, WA is $434,200. This is higher than the national average of $229,800. The city's homeownership rate is 54%. Residents of Lake Stickney, WA commute by car on average, with an average commute time of 31 minutes. The average household has two cars.
Most commuters in Lake Stickney East commute 15 to 30 minutes one-way to work. This is shorter than the average commute for Americans. And a large portion of commuters carpool. In fact, 19.2% of residents in the area use their cars instead of public transportation, compared to 97.6% of those in other neighborhoods in the U.S.