up button arrow
https://floridainsurance.org is a privately owned website that is not owned or operated by any government agency

Citrus County

Citrus County Driving Statistics and Analysis

Citrus County has around 128,591 personal and commercial automobiles. This number constitutes approximately 0.7% of all the vehicles registered in Florida.

Approximately 82% of the Citrus County drivers commute to and from work alone, and over 34% of those trips last for more than half an hour.

Roughly 20% of Florida drivers are not insured, which means that nearly 26,000 vehicles in CItrus County alone could be uninsured or underinsured.

Nearly every 5th crash in Citrus County is a hit-and-run.

Motor Vehicle Crashes in Citrus County

Automobile fatalities in Citrus County statistically occur at a rate of 20.27 per 100,000 vehicles on the road: roughly 26 fatal crashes yearly.

In 2021, the Florida Department of Highway Safety and Motor Vehicles (FLHSMV) reported 1,865 crashes in Citrus County, with 34 fatal crashes resulting in 36 deaths (including 9 motorcyclists). Alcohol is considered one of the main factors for the fatal crashes in Citrus County in an estimated 22% of all driving fatalities.

Auto Insurance Analysis:

  1. Nearly 129 thousand registered automobiles in Citrus County need some type of insurance coverage depending on the type of vehicle and usage. Private Auto, Farm or Commercial Auto, Comprehensive Coverage, Farm or Commercial Transportation, Inland Marine, Gap, and Short-term car insurance are some of the insurance options available. Basic Liability and Personal Injury Protection (PIP) coverage are mandated by Florida law, which means operating a vehicle without this coverage is illegal.
  2. With a fifth of crashes as a hit-and-run and with 20% of drivers uninsured, Uninsured Driver Coverage remains crucial for Citrus County residents.

To receive advice about auto insurance and to find affordable car insurance in Citrus County, contact a Property & Casualty (P&C) insurance agent licensed in the state of Florida.

Citrus County Housing Statistics and Analysis

Around 83,210 housing units in Citrus County are occupied mainly by homeowners, with a rate of nearly 82% versus 18% for Renters. Similarly, Citrus County’s neighbors have homes that are vastly made up of owner-occupied units, with Sumter County leading the region and across Florida, with almost 90% owner-occupied against 10% rental units. Meanwhile, Marion County has the highest rate for homes listed for rent, at 25%. The average homeowner-occupied rate in the entire state of Florida is 65%.

Across Florida, with Sumter County leading the percentage of homes occupied by owners, Miami-Dade County offers the highest percentage of its real estate as rentals (49%).

In Citrus County, around 1 in 7 houses experiences problems like overcrowding, plumbing issues, or kitchen problems. In approximately 25% of homes, residents spend more than half of their income on housing alone.

Housing Insurance Analysis:

  1. Over 83 thousand dwelling units in CItrus County need insurance coverage. All owners of these properties should have at least Homeowners, Condo Insurance, and/or Business Property Insurance (for apartment complexes). This insurance coverage protects the financial investment from possible loss or damage.
  2. With almost 15,000 housing units in Citrus County, Landlords obtain Landlord Insurance to safeguard the property from liability claims that can arise from the tenants.
  3. To protect their belongings from loss or damage, tenants acquire Renters Insurance. This insurance is inexpensive and usually covers the tenant’s property from theft, damages caused by fire, smoke, water, and vandalism. Renters insurance is one of the lease conditions for some of the landlords in Citrus County.
  4. Citrus 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 Citrus 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 Citrus County should maintain appropriate insurance coverage to protect their property against possible loss and damage from wind and water damage.

For consultation regarding Homeowners, Renters, Condo, Flood, and other types of insurance in Citrus County, contact a Property & Casualty (P&C) insurance agent licensed in the state of Florida.

A Florida P&C insurance agent:

  • Examines your needs and limitations
  • Examines your current policy to ensure that the coverages reflect the housing market's current requirements and help update if needed
  • Reviews the local plans that meet your requirements and is generally able to discover a better offer than a customer might get on their own
  • Checks for available savings and bundling discount
  • Lays out available options of coverage
  • Describes the effect of the different options once the insurance policy becomes active
  • Helps you with the process of application
  • Does not influence your cost of insurance (Agent’s service is usually paid by the insurer)

Citrus County Health Statistics and Analysis

Roughly 18% of adults in Citrus County do not have proper health insurance coverage, which is rated third-highest in its region, with Levi County and Marion County leading the uninsured adult rate, both with about 21%. Sumter County has the lowest figure with 13%. In the entire state of Florida, the highest uninsured adult rate is found in Hendry County with 35%, while St. Johns County has the lowest uninsured adult rate of under 13%. The average uninsured adult rate in Florida is around 19%.
Nearly 1 in 5 residents (or around 31,000 adults) in Citrus County report health problems.
Furthermore, more than 36% of residents in Citrus County do not engage in regular physical exercise activities, which is one of the main reasons why roughly 29% of its residents are considered obese (with a BMI of 30 or more). Citrus County’s obesity rate is the lowest compared to its neighboring counties, with Levy County having the highest rate, at 33%, which is far from the Florida state average of 27%.
In 2022, there were 14 health insurers in Citrus County offering affordable and frequently subsidized ACA health insurance on the Florida health marketplace.

Health Insurance Analysis:

  1. The most crucial insurance coverage is health insurance, and more than 19,000 residents of Citrus County do not have this necessity.
  2. The sale of multiple types of health insurance and supplemental products is allowed in the state of Florida. This makes it very convenient for Citrus County residents to acquire coverage that fits their specific needs (both medically and financially). Some of these are Marketplace ACA Health Insurance, various types of Short-term Insurance (up to 3 years in coverage), Accident & Health, Hospital Indemnity, etc.
  3. Low-income health insurance: Residents who cannot afford health insurance are generally advised to apply for government subsidies to lower the cost of insurance.
  4. Short-term insurance is an alternative option available if you do not have a pre-existing condition. (* Some Florida multi-year short-term health insurance plans may cover certain pre-existing conditions after a year or more of coverage)
    Explore your insurance needs with a state-licensed Florida health insurance professional with access to various health insurance plans available in Citrus County. Offerings of health insurance coverage and its pricing may differ between zip codes.
    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.

Citrus County End of Life Statistics and Analysis

The average lifespan for Citrus County residents is 75.7 years, which is almost five years shorter than the Florida average of 80 years. Among Citrus County’s neighbors, Sumter County has the longest life expectancy of 80.4 years, while the shortest expected life span is observed in Levy County, with 75.4 years. In the entire state of Florida, Collier County holds the longest life span at over 86 years, while Union County has the lowest at just under 69 years.

Over 57,000 seniors (65 and older) resided in Citrus County in the year 2022.

Life Insurance Facts:

  1. Approximately 47% of Americans did not have an active life insurance policy in 2022.
  2. Age is a significant factor when determining the life insurance premium rate of the policyholder. So, residents can save more in life insurance premiums over the course of the policy if they get it while they are still young.
  3. Roughly 23% of the adults in Citrus County are smokers, and this habit will definitely increase the life insurance premiums of more than 31,000 adults by up to 4 times compared to non-smokers. A smoker’s life expectancy is deemed shorter, making them more of a risk than people who do not smoke.

Citrus County - Funeral Expenses Statistics and Analysis

The average funeral cost in Citrus County is around $6,000, which is close to the Florida state average of $5,900. This figure includes basic service fees, casket, and burial. Looking at Citrus County’s adjacent neighbor, Hernando County posts the highest average funeral expense, at around $7,500, while the least expensive is seen in Sumter County, with $4,700 in funeral costs.

Statewide, Collier County tends to have the most expensive funerals at about $9,600, while Putnam County and DeSoto County have the lowest, both closer to $4,600.

Life Insurance Analysis:

  1. 46% of Americans die with less than $10,000 in savings, which means that over 26,000 senior residents of Citrus County could be placing their family and friends in a difficult financial situation. Instead of grieving their loss, they need to find ways to settle funeral costs.

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

  2. The deceased may also leave taxes and other debts for the family to take care of, aside from the burial cost. Discuss your senior life insurance options with licensed Florida professionals.

  3. The most frequently used life insurance policies to cover “final expenses” up to $50,000 are: Term Life Insurance and Final Expense Insurance. Term Life Insurance and Cash Value Insurance, such as Whole Life Insurance, Indexed Universal Life (IUL) Insurance, and Final Expense (FE), are the most typically used life insurance policy variations to leave money to the family.

Talk to an experienced and licensed Florida insurance professional about life insurance options and to get life insurance quotes in Citrus County. Knowledgeable insurance professionals with access to multiple insurers can help you evaluate your needs and then offer you different solutions to fill them.

Citrus County - Business

The commercial insurance requirements vary between each of the over 3.2 thousand business establishments in Citrus County. The three largest job-creating sectors, accounting for almost 59% of all employment in the county in 2020, were:

  • Professional and Business Services (22.8%)
  • Manufacturing (22.1%)
  • Government (13.7%)

Commercial Insurance Analysis

  1. Professional services in the county can benefit from 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.
  2. Manufacturing businesses usually require insurance coverage for:
  • Production facilities and property
  • Employees’ health and safety
  • Product liability coverage protects the company itself in case the product hurts someone and the injured party files a claim or a suit against the manufacturer.
    To assess your business insurance needs and to get a commercial insurance quote in Citrus County, speak with a knowledgeable Florida-licensed commercial insurance agent with access to multiple insurers and premium finance options. Always try to compare at least 2 or 3 options before deciding on the coverage.