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Hernando County

Hernando County Driving Statistics and Analysis

About 168,368 private and commercial vehicles are registered in Hernando County which accounts for approximately 1% of all vehicles in the entire state of Florida.

Almost 80% of adult drivers in Hernando County commute to work alone, and over 40% of those commutes take more than 30 minutes.

Given that 20% of Florida drivers are uninsured, Hernando County could have about 34,000 vehicles that are uninsured or underinsured.

Hit-and-run accidents in Hernando County occur in every fourth crash.

Motor Vehicle Crashes in Hernando County

Fatalities due to vehicular accidents in Hernando County occur at a rate of 17 per 100,000 vehicles on the road: approximately 28 crashes in a year.

In 2021, the Florida Department of Highway Safety and Motor Vehicles (FLHSMV) reported 2,721 crashes in Hernando County. 31 of the crashes resulted in 33 deaths, including 8 motorcycle fatalities. About 20% of these fatalities are caused by drivers under the influence of alcohol.

Auto Insurance Analysis

  1. Nearly 170 thousand vehicles registered in Hernando County need insurance coverage. Basic Liability and Personal Injury Protection (PIP) coverages are required for all vehicles as these cover medical or hospital expenses resulting from a car accident. Additional insurance like Private Auto, Commercial Auto, Comprehensive Coverage, Commercial Transportation, Inland Marine, Gap, Ride-sharing, Short-term car insurance, and so on, may be obtained depending on the type of vehicle and its use.

  2. With more than 44,000 Hernando County drivers taking long commutes daily, the risk of road accidents are more likely. In turn, this could also raise the cost of auto insurance due to the risks involved.

  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 Miami-Dade County residents.

To discuss your auto insurance needs and to find affordable car insurance in Hernando 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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Hernando County Housing Statistics and Analysis

Like most Florida homes, Hernando County’s (est) 91,905 dwelling units are predominantly occupied by its owners. Florida’s owner-occupied rate is 65% while Hernando County’s rate is 78% owner-occupied and 22% rentals. Within the nearby area, Pasco County has the lowest rate, at 72%, while Sumter County has the highest at almost 90%, not only among its neighboring counties but among all counties in the entire state of Florida. Meanwhile, Miami-Dade County offers the highest percentage of its real estate as rentals (49%).

Among the housing problems experienced by nearly 14% of Hernando County residences are overcrowding, poor plumbing, or kitchen issues. Approximately 1 out of 4 homeowners spend more than 50% of household income on housing expenses.

Housing Insurance Analysis

  1. The owners of over 90 thousand housing units in Hernando County need insurance coverage that will protect their investment from loss or damage. Homeowners, Condo insurance, and/or Business property insurance (for apartment complexes) are some of the minimum insurance policies that could address the need for the protection of properties.

  2. Over 20,000 housing units in Hernando County are rentals and need to be covered by Landlord Insurance. This insurance particularly covers not only the property itself but also the possible claims that the tenants might demand. If you rent your home, you must notify your insurer, or you are risking not having coverage.

  3. While tenants are encouraged to obtain Renters Insurance, some landlords in Hernando County include this in the conditions for lease. The cost of average renters’ insurance is inexpensive and usually covers the tenants’ belongings from loss or theft or damages caused by fire, smoke, water, and vandalism.

  4. Hernando County is located along 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 Hernando County is between early June and the end of November. It is important that residents are aware of the procedures and safeguards set in place by the local County and State agencies. All homeowners, landlords and renters in Hernando County need to maintain appropriate insurance coverage to protect their properties from loss or damage when hit by the hurricanes.

For consultation and to get a quote on Homeowners, Renters, Condo, Flood, and other types of insurance in Hernando 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 limits,

  • reviews your current policy, to make sure that the coverages are reflective of the current needs and housing market, and assists you in updating the coverage 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 available options of coverage,

  • explains how the differences among the options affect you once you start using each insurance product

  • assists and guides 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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Hernando County Health Statistics and Analysis

In Hernando County, about 19% of adult residents do not have the proper health insurance coverage. This percentage is the highest among its peer counties, and comparable to the state average of around 19.2%. On the other hand, Sumter County has the lowest rate in the region (13%), nearly matching the state’s lowest average rate (under 13%) that is recorded in St. Johns County. Meanwhile, Hendry County has the highest rate statewide with 35% of uninsured adults.

1 in 5 adults in Hernando County report problems with health.

Over 31% of the Hernando County residents do not engage in physical exercise activities.

The obesity rate among adults in Hernando County is more than 32%, which is the highest among its neighboring counties. Citrus County and Sumter County have the lowest obesity rates (with a BMI of 30 or more) in the region, both at 29%. All counties surrounding Hernando County have higher rates than the 27% Florida average.

In 2022, Hernando County had 14 health insurers that offer affordable and frequently subsidized ACA health insurance on the Florida marketplace.

Health Insurance Analysis

  1. While health insurance is the most important among other insurances, there are over 28 thousand residents of Hernando County who do not have proper health coverage.

  2. Florida is among the states where the sale of multiple types of health insurance and its supplemental products are allowed. This makes it easier for Hernando County residents to have access to different health insurance options that can meet 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. are among the choices available.

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

  4. Short-term health insurance is an economical alternative for consumers who have no pre-existing conditions. (* Some Florida multi-year short-term health insurance plans may cover certain pre-existing conditions after being insured for a year or more).

Talk about your health insurance needs with a knowledgeable state-licensed Florida health insurance professional with access to a variety of health insurance plans available to Hernando County residents.

A Florida health insurance agent: analyzes your needs and explains the 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 guides you at any time you need to make a change to the policy, or opt for a replacement coverage.

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Health Insurance in Florida

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Hernando County End of Life Statistics and Analysis

Hernando County residents have an average lifespan of 77.2 years.This is 3 years shorter than the Florida state average of 80.2 years. Among the peer counties, Sumter County records the longest life expectancy of 80.4 years, while Citrus County has the shortest at nearly 75.7 years.

Collier County has the highest average life expectancy in Florida (86 years), while the shortest life span statewide is seen in Union County, at under 69 years old.

In 2022, Hernando County had approximately 56,000 senior residents aged 65 and older.

Life Insurance Facts

  1. In 2022, 47% of Americans did not have an active life insurance policy of any type.

  2. Among other factors, the age of the insured matters in the computation of premiums. Policies obtained at younger age often have lower premiums over the course of the plan.

  3. Nearly 23% of the adults in Hernando County smoke. Life insurance premiums for smokers cost up to 4 times higher than the premiums of non-smokers, considering that smokers have higher health risks and shorter life spans.

Hernando County - Funeral Expenses Statistics and Analysis

The average funeral costs in and around Hernando County vary significantly. Among its neighboring counties, Hernando County has the highest average with $7,500 and Sumter County has the lowest at $4,700. The Florida state average is $5,900 which includes the basic service fees, casket, embalming, transportation, viewing, and burial.

Across the state, Collier County has the most expensive funerals at nearly $9,600, while Putnam County and DeSoto County have the lowest, both closer to $4,600.

Life Insurance Analysis

  1. Approximately 46% of Americans die with savings of less than $10,000. This means almost 26 thousand Hernando County senior residents could leave behind financial burden on family and friends upon death. Instead of grieving for their loss, the family rather focuses on making payment arrangements for the funeral. (Note: If payment for funeral services is through life insurance, most funeral homes require the policy to be “assignable”)

  2. Aside from the burial costs, the deceased could also leave behind taxes and debts, which the family will have to handle.

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

  4. Term Life Insurance and Cash Value insurance, such as Whole Life insurance, Indexed Universal Life (IUL) insurance, and Final Expense (FE) are among the usual life insurance plans that can provide financial assistance to the bereaved families.

To know more about life insurance options and to get life insurance quotes in Hernando 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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Hernando County - Business

There are almost 4 thousand business establishments in Hernando County, whose commercial insurance needs vary depending on the nature of business and other factors affecting the need. In 2020, over 57% of all employment in Hernando County was from these three largest sectors:

  • Manufacturing (23.7%)

  • Professional and Business Services (20.6%)

  • Government (13.2%)

Commercial Insurance Analysis

  1. The usual insurance coverage required from manufacturing businesses are 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. Professional liability insurance, also known as Errors and Omissions insurance (E&O insurance) could benefit the 1 thousand plus professional services and consulting businesses in the county. This insurance protects the business against customer claims for adverse outcomes arising from the company’s professional services.

For personalized analysis and assessment of your business insurance needs in Hernando 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. Always try to compare at least 2 or 3 options before deciding on the coverage.

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Commercial Insurance in Florida

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