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Charlotte County

Charlotte County Driving Statistics and Analysis

Charlotte County’s highways are home to an estimated 165,853 private and commercial vehicles. This number accounts for approximately 0.92% of all vehicles registered in the entire state of Florida.

Over 79% of adult drivers in Charlotte County commute to work by themselves, and 31% of those commutes last for over half an hour.

With an estimated 20% of Florida drivers uninsured, over 33,000 vehicles in Charlotte County alone could be uninsured or underinsured.

Nearly every fifth traffic accident in Charlotte County is a hit and run.

Motor Vehicle Crashes in Charlotte County

Motor vehicle fatalities in Charlotte County statistically occur at a rate of 14.75 per 100,000 vehicles on the road: approximately 24 fatal crashes per year.

In 2021, the Florida Department of Highway Safety and Motor Vehicles (FLHSMV) reported 2,718 crashes in Charlotte County: 30 fatal crashes, with a resultant 32 deaths (including 5 motorcyclists). Alcohol is determined as the main factor for the fatal crashes in Charlotte County in an estimated 28% of all driving fatalities.

Auto Insurance Analysis

  1. Over 165 thousand vehicles registered in Charlotte 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. Depending on the type of vehicle and its use, the additional required insurance may be: Private Auto, Commercial Auto, Comprehensive Coverage, Commercial Transportation, Inland Marine, Gap, Ride-sharing, and so on.

  2. Over 29,000 Charlotte County drivers take longer daily commutes, which raises the cost of auto insurance. This is because drivers have an increased amount of time on the road, which increases the chances of getting into a possible vehicular accident.

  3. With nearly every fifth of crashes as a hit-and-run and with 1 out of 5 drivers uninsured, Uninsured Driver Coverage remains important for Charlotte County residents.

If you have questions about your auto insurance coverage in Charlotte County, contact a knowledgeable Property & Casualty (P&C) insurance agent licensed in the state of Florida.

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Car Insurance in Florida

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Charlotte County Housing Statistics and Analysis

Like the majority of Florida, where the homes are mostly owner-occupied (65%), Charlotte County's estimated 113,085 housing units are inhabited mainly by homeowners with a rate of nearly 80% versus 20% for renters, together with Glades County, these owner-occupied rates are the highest in the region.

Most of the neighboring counties are also dominated by owner-occupied homes, Highlands County with 75% of its homes inhabited by the owners, while Hendry County has the lowest rate of 65% (with nearly 35% of dwellings for rent).

Nearly 16% of housing units in Charlotte County experience housing problems, overcrowding, poor plumbing, or issues with the kitchen. In 1 out of 4 homes, residents spend more than 50% of their income on housing.

Housing Insurance Analysis

  1. Over 110 thousand housing units in Charlotte 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.

  2. With approximately 22 thousand housing units in Charlotte 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.

  3. Tenants buy Renters Insurance coverage to protect their belongings from possible damage or loss. Average 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 Charlotte County may require Renters Insurance as a condition of the lease.

  4. Charlotte 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 Charlotte 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 Charlotte 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 residential insurance in Charlotte 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,

  • researches the locally available plans that fit your needs,

  • reviews your current policy, to make sure that the coverages are reflective of the current needs and housing market- helps to update, if needed,

  • researchers the locally available plans that fit your needs and is usually able to find a better deal than a consumer can find on their own,

  • 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)

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Residential Insurance in Florida

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Charlotte County Health Statistics and Analysis

In Charlotte County, 18% of adult residents lack proper health insurance coverage, which is lower than the state average (≈19%). It is also the lowest percentage compared to its neighbors. Among the neighboring counties, Hendry County has the highest uninsured adult rate at 35%, and this is also the highest in Florida, while the lowest rate statewide is observed in St. Johns County at under 13% of the adult residents. In 2021, the average adult uninsured rate in Florida was around 19.2%. Charlotte County has the lowest uninsured adult rate among its neighbors, followed by Sarasota County at near 19%.

About 18% (or over 36,000 residents) in Charlotte County report problems with health.

Over 26% of the Charlotte County population do not participate in physical exercise activities.

Physical inactivity is one of the reasons why 28% of the adults in Charlotte County are considered obese (with a BMI of 30 or more) — comparable to the Florida average of over 27%. Among the neighboring counties, all areas are also below the state average: Sarasota County reports the lowest – at over 21% of the residents, while there are 39% of adults from Glades County may be considered obese.

In 2022, there were 14 health insurers in Charlotte County, offering affordable and frequently subsidized ACA health insurance on the Florida marketplace.

Health Insurance Analysis

  1. Health insurance is the most important insurance coverage, and over 24 thousand residents (below 65 years old) of Charlotte County lack this necessity.

  2. Florida is among the states that allow the sale of multiple types of health insurance and supplemental products. This makes it easier for Charlotte County residents to obtain coverage that fits their specific needs (both medically and financially): Marketplace ACA health insurance, Various types of Short Term health insurance (up to 3 years in coverage), Hospital Indemnity, Accident & Health, etc.

  3. If health insurance is not being purchased due to unaffordability, low-income consumers are generally advised to apply for government subsidies, which can substantially lower the cost of insurance.

  4. If you do not have pre-existing conditions, short-term insurance may provide an alternative saving path. (Note: 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 Charlotte 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.

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Health Insurance in Florida

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Charlotte County End of Life Statistics and Analysis

Average life expectancy for the residents of Charlotte County is 81 years old — a year longer than the Florida average of 80 years. Among the neighboring counties, Glades County has the longest average at over 84 years old, while Highlands County and Hendry County have the shortest life expectancy of closer to 78 years.

In the whole state of Florida, Collier County has the longest life expectancy average at 86 years old, while Union County reports the lowest average life span at 69 years.

In 2022, there were approximately 81,000 seniors (65 and older) residing in Charlotte County.

Life Insurance Facts

  1. 47% of Americans in 2022 have been recorded as not having any type of active life insurance policy.

  2. Premiums for life insurance are determined by the insured’s age at the start of the policy, among other things. The younger you are when you get it, the more you save in premiums over the course of the policy.

  3. More than 21% of the adults in Charlotte County are smokers, and this habit will affect the cost of life insurance of almost 37,000 adults by up to 4 times compared to non-smokers. A smoker’s life expectancy is deemed shorter, making them more of a risk to insure, compared to people who do not smoke.

Charlotte County - Funeral Expenses Statistics and Analysis

A traditional average funeral in Florida costs around $5,900. The average price of a funeral in Charlotte County is around $5,500. Among the neighbors of Charlotte County, Lee County has the most expensive funerals, closer to an average of $6,700, followed by Sarasota County at $6,400, while DeSoto County has the lowest average funeral expense of $4,600. DeSoto County, along with Putnam County, both tend to offer the most affordable funerals in Florida, while Collier County has the most expensive average, at ≈$9,600.

Life Insurance Analysis

  1. With 46% of Americans dying with savings of less than $10,000, over 37 thousand Charlotte County senior residents could be placing the unnecessary and frequently unbearable financial burden on family and friends. While grieving their loss, not only does the family need to plan the funeral, but quite frequently it also needs to pay for it too.

(Note: If using life insurance as payment for the funeral services, most funeral homes require the policy to be “assignable”)

  1. Aside from the burial costs, the deceased frequently leave taxes and other debt behind for the family to take care of.

  2. The most frequently used life insurance policies to cover “final expenses” up to $50,000 are: Term Life Insurance and Final Expense Insurance.

  3. 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 Charlotte County, speak with a knowledgeable state-licensed and experienced life insurance professional who has access to multiple insurers and plan types for comparison.

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Life Insurance in Florida

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Charlotte County - Business

Commercial insurance needs vary between each of the over 5 thousand business establishments in Charlotte County. The three largest job-creating sectors, accounting for over 58% of all employment in the county in 2020 were:

  • Manufacturing (23.9%)

  • Professional and Business Services (20.0%)

  • Education & Health Services (14.4%)

Commercial Insurance Analysis

  1. Manufacturing businesses usually require insurance coverage for:

    • Production facilities, tools, supplies, and other property

    • Employees’ health and safety

    • Product liability coverage to protect the company itself if its product hurts the consumer, etc.

  2. More than 1 thousand professional services and consulting businesses in the county can benefit from the professional liability insurance, also known as Errors and Omissions insurance (E&O insurance), that protects their clients in case the professional advice they give causes damages or losses.

  3. Health providers usually get medical malpractice coverage according to the amount of damage their work can cause to the patients.

To assess your business insurance needs in Charlotte County, speak with a knowledgeable Florida-licensed commercial insurance agent with access to multiple insurers and premium finance options.

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Commercial Insurance in Florida

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