Brevard County
Driving in Brevard County
There are approximately 505,918 registered vehicles in Brevard County used for personal and business purposes. This figure represents around 2.80% of all the automobiles in Florida.
Roughly 82% of the adult drivers in Brevard County are alone in their vehicles when commuting to and from work, and around 1 out of 3 of these drivers are behind the wheel for over half an hour.
With 20% of Florida drivers being uninsured, it is safe to presume that 101,000 vehicles in Brevard County alone could be uninsured or underinsured.
Approximately 1 out of 4 vehicle crashes in Brevard County is a hit and run.
Motor Vehicle Crashes in Brevard County
Deaths caused by vehicular collisions in Brevard County statistically occur at a rate of 14.52 per 100,000 vehicles on the road: more or less 73 fatal crashes per year.
In 2021, the Florida Department of Highway Safety and Motor Vehicles (FLHSMV) reported over 9,495 crashes in Brevard County: 96 fatal crashes that caused 102 deaths (including 20 motorcyclists). Alcohol is determined as the main factor for the fatal crashes in Brevard County in about 21% of all driving fatalities.
Auto Insurance Analysis
Over half a million vehicles registered in Brevard County need insurance coverage. Basic Liability and Personal Injury Protection (PIP) coverages are required for all vehicles on the road to protect others from the damage you may cause in an accident. Aside from the mandatory minimum, other types of coverage could also be purchased depending on the vehicle owners and its use. These are: Commercial Transportation, Gap, Inland Marine, Non-owner, and so on.
More than 290 thousand individuals operating a separate vehicle in one area increases insurance premium rates. The more vehicles that traverse the roads of Brevard County, the higher the chances of a vehicular accident taking place.
The long daily commute of roughly 120 thousand Brevard County residents doesn’t help either. Being on the road for extended periods increases the likelihood of a traffic accident occurring. Hence, expensive auto insurance premiums for Brevard County residents.
With every 4th crash as a hit-and-run and with 20% of drivers uninsured, Uninsured Driver Coverage remains essential for Brevard County residents.
To discuss your auto insurance needs in Brevard County, contact a knowledgeable Property & Casualty (P&C) insurance agent licensed in the state of Florida.
Brevard County Housing
Around 74% of the estimated 292,499 housing properties in Brevard County are inhabited by the owners themselves, and over a quarter of the homes are rentals. This proportion is comparable to the majority of Florida where 65% of the residential real estate are occupied by the owners.
Among Brevard County’s neighbors, Indian River County has the highest owner-occupied rate, followed by Brevard County, and then Volusia County at 70%. Orange County has the lowest figure at 55%, which means that nearly half of the homes are for tenants.
About 15% of the residential real estate in Brevard County experience housing problems, overcrowding, substandard plumbing, or kitchen problems. In 1 out of 4 homes, residents dedicate more than 50% of their income to housing expenses.
Housing Insurance Analysis
More than 292 thousand housing units in Brevard County need insurance coverage. At a minimum, all owners of these properties should have Homeowners, Condo insurance, and/or Business property insurance (for apartment complexes) to protect the underlying financial investment from possible loss or damage.
With over 76 thousand housing units in Brevard County as rentals, landlords obtain Landlord Insurance, which covers the property itself and from the possible liability claims arising from the tenants and their guests.
Renters insurance Palm Bay: Tenants buy Renters Insurance coverage to protect their belongings from possible damage or loss. Typically, renters’ insurance is affordable and usually covers the tenant's property from theft and damages caused by fire, smoke, water, and vandalism. Some landlords in Brevard County may require Renters Insurance before putting pen to paper on a lease.
Brevard County is located on the coast, not far from one of the main hurricane formation areas in the Atlantic Ocean. Hurricanes bring in primarily wind and flood damage. The highest probability of a hurricane occurrence in Brevard County is between early June and the end of November. Every Florida resident should be aware of the procedures and safeguards set in place by the local County and State agencies. All homeowners, landlords, and renters in Brevard County need to maintain appropriate insurance coverage to protect their property against possible loss and damage from wind and water damage.
For consultation and advice about Homeowners, Renters, Condo, Flood, and other types of insurance in Brevard County, contact a Property & Casualty (P&C) insurance agent licensed in the state of Florida.
A Florida P&C insurance agent:
analyzes your needs and restrictions,
reviews your current policy, to make sure that the coverages are reflective of the current needs and housing market- helps to update, if needed,
researches the locally available plans that fit your needs,
provides you with the available options of coverage,
explains how the differences between the options affect you once you start using each insurance product
assists you with the application process
does not affect your cost of insurance. (agent’s service is usually paid by the insurer)
Brevard County Health
About 15% of the adults in Brevard County do not have proper health insurance coverage, which is not far off from the Florida average of 19%. In the region, Indian River County has the highest uninsured adult rate at 21%, followed by Volusia County and Osceola County, both at 18%. Across Florida, Hendry County at 35% has the highest uninsured rate for residents under the age of 65, while the lowest rate is observed in St. Johns County at under 13%.
Roughly 19% of adults in Brevard County are in poor health — this translates to over 114,000 adult residents. This is partially due to the fact that among the adult population, 20% smoke, 21% drink too much alcohol, and nearly 27% of the total population does not exercise regularly despite the fact that about 88% have access to areas where physical exercise can be done.
Roughly 28% of the adults in Brevard County are considered obese (with a BMI of 30 or more) — comparable to the Florida average of 27%. In the area, Volusia County has the highest figure at 32%, while Indian River County and Orange County have the lowest obesity rates both at 27%.
In 2022, there were 14 health insurers in Brevard County offering affordable and frequently subsidized ACA health insurance on the Florida marketplace.
Health Insurance Analysis
Health insurance is the most important type of insurance coverage, and over 78 thousand residents (below 65 years old) of Brevard County lack this necessity.
Florida residents have the option to purchase multiple types of health insurance and supplemental plans. This makes it easier for them to obtain coverage that fits their specific needs (both medically and financially): Group or Individual Marketplace ACA health insurance, Various types of Short-term insurance (up to 3 years in coverage), Hospital Indemnity, Accident & Health, etc.
Not everyone can easily afford to purchase health insurance, and for these low-income individuals, applying for government subsidies can help ease the financial burden.
If you do not have pre-existing conditions, Short-term insurance may provide an alternative saving path. (* Some Florida multi-year short-term health insurance plans may cover certain pre-existing conditions after a year or more of coverage).
Discuss your health insurance needs with a knowledgeable state-licensed Florida health insurance professional with access to a variety of health insurance options available to Brevard County residents.
A Florida health insurance agent: analyzes your needs and restrictions, researches the locally available plans that fit your needs, provides you with the available options of coverage, and explains how the differences between the options affect you once you start using each insurance product. The agent assists you with the application process and at any time you need to make a change to the policy or shop for replacement coverage.
Brevard County Mortality and the End of Life Statistics
The majority of Floridians have a life expectancy of around 80.1 years, and Brevard County is not too far from this figure with an average lifespan of 77.8 years old. Looking at the neighbors, Indian River County has the longest life expectancy at 81.2 years old, followed by Orange County at 80.6 years.
In the whole state of Florida, Collier County has the longest life expectancy average at 86 years old, while Union County has the shortest at 69 years.
In 2022 there were approximately 149,000 seniors (65 and older) residing in Brevard County.
Life Insurance Facts
In 2022, 47% of Americans did not have an active life insurance policy of any type.
A life insurance applicant’s age greatly affects the premium rates. The greater the age, the greater the cost of life insurance. So taking out a policy will allow young adults to save money on premiums, in the long run.
Over 20% of the adults in Brevard County smoke, and this habit will increase the life insurance premiums of more than 100,000 adults by up to 4 times compared to non-smokers. A person who smokes is more likely to develop fatal diseases that makes them a higher risk to life insurance carriers.
Final Expenses – Brevard County Funeral Home Cost
A traditional funeral in Florida could cost the family and friends of the deceased resident around $5,900, which is considerably more expensive than the average cost in Brevard County which is roughly $4,900. Within the immediate area, Osceola County funeral homes have the highest average cost, at about $7,300, while the most affordable is observed in Indian River County, at $4,800.
Statewide, Collier County has the most expensive funeral cost average in Florida ($9,600), while Putnam County and DeSoto County have the lowest, both at $4,600.
Life Insurance Analysis
With 46% of Americans dying with savings of less than $10,000, the family members and friends of nearly 68 thousand Brevard County senior residents could possibly delay their grieving process as they have to ensure that the funeral will be paid for. (Note: If using life insurance as payment for the funeral services, most funeral homes require the policy to be “assignable”)
On top of the burial costs, the departed often pass away with unsettled debts and taxes for the family to take care of.
The most frequently used life insurance policies to cover “final expenses” up to $50,000 are: Term Life Insurance and Final Expense Insurance.
The most commonly used life insurance policies to leave money to the family are the variations of: Term Life Insurance and Cash Value insurance, such as Whole Life insurance, Indexed Universal Life (IUL) insurance, and Final Expense (FE).
To find out more about life insurance options in Brevard County, speak with a knowledgeable state-licensed and experienced life insurance professional who has access to multiple insurers and plan types for comparison.
Brevard County - Business
Commercial insurance needs vary between each of the over 17 thousand business establishments in Brevard County. The three largest job creating sectors, accounting for nearly 48% of all employment in 2020 were:
Manufacturing (16.6%)
Professional and Business Services (15.9%)
Financial activities (15.4%)
Commercial Insurance Analysis
Manufacturing businesses usually require insurance coverage for:
Employees’ health and welfare
Production facilities, tools, supplies, and other property
Product liability coverage to protect the company itself if their product hurts the consumer.
Nearly 6 thousand professional services and consulting businesses in Brevard County can benefit from the professional liability insurance, also known as Errors and Omissions insurance. E&O insurance protects their clients in case if the professional advice they give causes damages or losses.
To assess your business insurance needs in Brevard County, speak with a knowledgeable Florida-licensed commercial insurance agent with access to multiple insurers.
