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Clay County

Clay County Driving Statistics and Analysis

There are around 185,428 private and commercial vehicles registered in Clay County. This number constitutes approximately 1% of all vehicles registered in the entire state of Florida.

Nearly 84% of adult drivers in Clay County commute to and from their places of work on their own, and more than half of those drivers are behind the wheel for over 30 minutes each way.

With an estimated 20% of Florida drivers uninsured, over 37,000 vehicles in Clay County alone could be uninsured or underinsured. Additionally, nearly every fourth crash in Clay County is a hit and run.

Motor Vehicle Crashes in Clay County

Motor vehicle fatalities in Clay County statistically occur at a rate of 16.90 per 100,000 vehicles on the road: approximately 31 fatal crashes per year.

In 2021, the Florida Department of Highway Safety and Motor Vehicles (FLHSMV) reported 2,803 crashes in Clay County: 24 fatal crashes that led to 27 deaths (including 4 motorcyclists). Alcohol is determined as the main factor for the fatal crashes in Clay County in an estimated 30% of all driving fatalities.

Auto Insurance Analysis

  1. Around 190 thousand vehicles registered in Clay 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. The longer daily commute of nearly 79,000 Clay County residents raises the cost of auto insurance, because it increases the amount of time a driver spends on the road, which in turn increases the probability of being involved in a vehicular accident.

  3. The amount of vehicles on the roads keeps going up year after year, and with a fourth of crashes as a hit-and-run and with 1 out of 5 drivers uninsured, Uninsured and Underinsured coverage remains important for Clay County residents.

To discuss your auto insurance needs and to find affordable car insurance in Clay County, contact a knowledgeable Property & Casualty (P&C) insurance agent licensed in the state of Florida.

Clay County Housing Statistics and Analysis

Majority (65%) of homes in the state of Florida are owner-occupied. Similarly, Clay County’s estimated 86,046 housing unit market is split between Homeowner-occupied at nearly 75% and Rentals at over 25%.

Most of the neighboring counties are also dominated by owner-occupied homes. 80% of St. Johns County’s homes have live-in owners, while Alachua County, on the other hand, is the highest contributor of rental real estate. 45 percent of its homes are rentals.

Nearly 14% of housing units in Clay County experience housing problems, overcrowding, substandard 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 86 thousand housing units in Clay 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 nearly 22,000 housing units in Clay 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. If you rent your home, your insurer must know about it or your claims can be denied.

  3. Renters Insurance Lakeside: To protect their belongings from damage or loss, tenants buy Renters Insurance coverage. On average, it is inexpensive and it usually covers the tenant's property from theft and damages caused by fire, smoke, water, and vandalism. Some landlords in Clay County may require Renters insurance as a condition of the lease.

For consultation and to get a quote on Homeowners, Renters, Condo, Flood, and other types of insurance in Clay 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 and is usually able to find a better deal than a consumer can find on their own,

  • checks for available savings and bundling discounts,

  • 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)

Clay County Health Statistics and Analysis

In Clay County, over 14% of adult residents lack proper health insurance coverage, which is lower than Florida’s average (≈19%), but not the lowest among its peer counties. Looking at its neighbors, Putnam County (over 22%) has the highest uninsured adult rate while St. Johns County (under 13%) has the lowest uninsured adult rate. The latter also has the lowest rate in the entire state of Florida.

The highest uninsured adult rate in the state is in Hendry County, with 35% of residents uninsured. In 2021, the average adult uninsured rate in Florida was around 19.2%.

A little less than 1 in 5 adults (or nearly 43,000 residents) in Clay County report problems with health.

Nearly 30% of the Clay County population do not participate in physical exercise activities.

Over 33% of the Clay County residents are considered obese (with a BMI of 30 or more), which is higher than the Florida average of over 27%. Looking at the neighboring counties, most of the areas are also above the state average with Putnam County reporting the highest at nearly 39% of the residents considered obese. On the other hand, St. Johns County has the lowest adult obesity rate of over 23%.

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

Health Insurance Analysis

  1. Health insurance is the most important insurance coverage. However, over 30 thousand residents of Clay 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 Clay County residents to obtain coverage that fits their specific needs (both medically and financially): Group of Individual Marketplace ACA health insurance, Various types of Short-term insurance (up to 3 years in coverage), Hospital Indemnity, Accident & Health, etc.

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

  4. 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 Clay 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.

Clay County End of Life Statistics and Analysis

Clay County’s average life expectancy of the residents is between 77 and 78 years old, which is lower than the state average in Florida (80 years old). Among the neighboring counties, St. Johns County shows longer life spans at 81.9 years, adding 4 more years on top of Clay County and almost 2 more years than the state average. Meanwhile, Putnam County reports the lowest average life expectancy at under 74 years old.

Statewide, Collier County has the highest average life expectancy, at over 86 years old, while Union County reports the lowest life span, at under 69 years old.

In 2022, there were approximately 37,000 seniors (65 and older) residing in Clay County.

Life Insurance Facts

  1. In 2022, 47% of Americans do not own any type of active life insurance policy.

  2. The age of the insured, among other things, is taken into consideration in calculating life insurance costs and premiums. The earlier you get life insurance and lock in the lowest rates, the more you save in premiums over the course of the policy.

  3. More than 1 in 5 adults in Clay County are smokers. This habit will definitely increase the life insurance premiums of close to 35,000 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.

  4. Besides the death benefit, Cash Value life insurance can be used by the insured while they are still alive, to borrow against it or use as a source of tax-free retirement income.

Clay County - Funeral Expenses Statistics and Analysis

Funeral services usually include basic service fees, casket, embalming, transportation, viewing, and burial. The average price of a funeral expense in Clay County is around $7,100, which is higher than the average cost in Florida ($5,900) and the highest cost compared to its surrounding counties. Among the neighbors of Clay County, St. Johns County has the second-highest average funeral cost at over $6,400, while Putnam County has the lowest average burial expenses closer to $4,600.

Putnam County is tied with DeSoto County for having the most affordable funerals in Florida, while Collier County tends to have the most expensive services at an average of $9,600.

Life Insurance Analysis

  1. With 46% of Americans dying with savings of less than $10,000, nearly 17 thousand Clay County senior residents could be placing the unnecessary and frequently unbearable financial burden on family and friends. Instead of grieving their loss, the family must concentrate on finding a way to pay. (Note: If using life insurance as payment for the funeral services, most funeral homes require the policy to be “assignable”)

  2. On top of burial costs, the family has to pay for taxes and other debts incurred by the deceased.

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

  4. 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 and to get life insurance quotes in Clay County, speak with a knowledgeable state-licensed and experienced life insurance professional who has access to multiple insurers and plan types for comparison.

Clay County - Business

Clay County is home to more than 4,800 business establishments, with varying commercial insurance needs. The three largest job-creating sectors, accounting for over 54% of all employment in the county in 2020 were:

  • Manufacturing (20.3%)

  • Professional and Business Services (19.6%)

  • Government (14.1%)

Commercial Insurance Analysis

  1. Manufacturing businesses usually require insurance coverage for:

    • Production facilities and property

    • Employees’ health and safety

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

  2. Over 1 thousand professional services and consulting businesses in Clay 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.

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