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Hillsborough County

Hillsborough County Driving Statistics and Analysis

Around 1,255,518 registered vehicles in Hillsborough County are being utilized by the residents for personal and business purposes. This figure represents approximately 6.94% of all automobiles registered in the state of Florida.

Over 79% of adult drivers in Hillsborough County commute to work by themself, and almost half of these commuters are behind the wheel for more than 30 minutes.

Since it is estimated that 20% of Florida drivers are uninsured, about 250,000 vehicles in Hillsborough County alone could either be uninsured or underinsured.

Almost every fourth crash in Hillsborough County is a hit and run.

Motor Vehicle Crashes in Hillsborough County

Motor vehicle fatalities in Hillsborough County statistically occur at a rate of 13.58 per 100,000 vehicles on the road: approximately 171 fatal crashes per year.

In 2021, the Florida Department of Highway Safety and Motor Vehicles (FLHSMV) reported over 28,022 crashes in Hillsborough County: 255 fatal crashes, with a resultant 272 deaths (including 37 motorcyclists). Alcohol is determined as the main factor for the fatal crashes in Hillsborough County in an estimated 26% of all driving fatalities.

Auto Insurance Analysis

  1. There are roughly 1.2 million vehicles registered in Hillsborough County, and they all 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 vehicle type and its utilization, the additional required insurance may be: Ride-sharing Coverage, Comprehensive Coverage, Commercial Auto, Inland Marine, Gap, and so on.

  2. Nearly 1 million drivers commuting on their own on a daily basis means that there are more vehicles on the road at the same time, which increases the probability of vehicular collisions. The auto insurance premium rates in Hillsborough County are more expensive compared to less densely populated counties.

  3. Longer daily commute of nearly 434,000 Hillsborough County residents raises the cost of auto insurance because it increases the amount of time a driver spends on the road, which in return increases the chances of getting into a possible car accident.

  4. With a fourth of crashes as a hit-and-run and with 20% of drivers uninsured, Uninsured Driver Coverage is increasingly important for Hillsborough County residents.

To discuss your auto insurance needs in Hillsborough 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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Hillsborough County Housing Statistics and Analysis

Hillsborough County’s estimated 635,567 residential properties are almost evenly split between owner-inhabited houses (59%) and properties available for rent (41%). This goes against the trend in the state of Florida, where most homes are occupied by the owners at a rate of 65%. In fact, Hillsborough County’s homeownership rate is the lowest in its region. Manatee County has the highest figure at 73%.

Approximately 19% of housing units in Hillsborough County experience housing problems, overcrowding, lack of 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 600 thousand housing units in Hillsborough 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 over 260 thousand housing units in Hillsborough County as rentals, the property owners obtain Landlord Insurance, which covers the property itself and from the possible liability claims arising from the tenants and their guests.

  3. Renters insurance Tampa: Tenants take out Renters Insurance coverage to protect their belongings from possible damage or loss. Average renters’ insurance is quite affordable and usually covers the tenant's property from theft and damages caused by fire, smoke, water, and vandalism. Some landlords in Hillsborough County may require Renters insurance before giving the green light on the lease.

  4. Hillsborough County is located on the coast, not far from one of the main hurricane formation areas in the Gulf of Mexico. Hurricanes bring in primarily wind and flood damage. The highest probability of a hurricane occurrence in Hillsborough 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 Hillsborough 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 Hillsborough 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,

  • 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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Hillsborough County Health Statistics and Analysis

Approximately 18% of Hillsborough County adults do not have proper health insurance coverage — a percentage that is almost similar to the Florida average of 19%. Hillsborough County, Pasco County, and Pinellas County all have the lowest figure at 19%, while Manatee County has the highest uninsured adult rate at 20%, followed by Polk County at 19%.

The highest uninsured rate in the state of Florida is in Hendry County, with 45% of residents under the age of 65 uninsured, while the lowest rate is observed in St. Johns County at under 19% of residents under 65. In 2021, the average adult uninsured rate in Florida was around 19.2%.

Roughly 1 in 5 adults (or nearly 297,000 residents) in Hillsborough County report problems with health.

Over 23% of the Hillsborough County population do not participate in physical exercise activities, despite the fact that 94% of the population have access to areas where exercises can be done.

About 27% of the Hillsborough County residents are considered obese (with a BMI of 30 or more), which is at par with the Florida average. Looking at the adjacent counties, Polk County, which has the lowest uninsured adult rate, has the highest obesity rate at 37%. Hillsborough County and Manatee County both have the lowest obesity rate in the area.

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

Health Insurance Analysis

  1. Health insurance is the most important type of insurance, and over 230 thousand residents of Hillsborough County lack proper coverage.

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

  3. Lower-income Floridians who do not have the budget for health insurance can apply for government subsidies to significantly reduce the total costs of insurance.

  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 state-licensed Florida health insurance professional with access to a variety of health insurance options available to Hillsborough 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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Hillsborough County End of Life Statistics and Analysis

The average life expectancy in Florida is approximately 80 years old, and the same is true for Hillsborough County. Looking at the neighbors, Manatee County has the longest life expectancy at 82 years, while Pasco County has the shortest at 78 years old.

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 220,000 seniors (65 and older) residing in Hillsborough County.

Life Insurance Facts

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

  2. Age weighs heavily on life insurance premium rates. As the age of the applicant goes up, so do the premiums. This is why young adults are generally advised to take out a policy as early as possible, to save money in the long run.

  3. Nearly 18% of the adults in Hillsborough County smoke, and this habit will definitely increase the life insurance premiums of more than 213,000 adults (age 18 up) 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.

Hillsborough County Final Expenses Statistics and Analysis

A traditional funeral in Hillsborough County could cost the family and friends of a deceased resident around $6,600, which is considerably more expensive than the average funeral cost in Florida (≈$5,900). In its area, Hillsborough County has the second-most expensive funeral cost average, and Pinellas County has the highest price at around $7,200. Pasco County, on the other hand, has the most affordable average at $5,200.

Statewide, Collier County has the most expensive funeral cost average at $9,600, while Putnam County and DeSoto County have the lowest, both at $4,600.

Life Insurance Analysis

  1. With 46% of Americans dying with savings of less than $10,000, over 100 thousand Hillsborough County senior residents could be placing the unnecessary and frequently unbearable financial burden on family and friends. Their families and friends of the deceased may have to focus on coming up with the money to pay for the funeral rather than mourning their loss. (Note: If using life insurance as payment for the funeral services, most funeral homes require the policy to be “assignable”)

  2. On top of the funeral costs, the deceased frequently leave taxes and other debt behind for the family to deal with. Understandably, this adds to the family’s woes.

  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.

To find out more about life insurance options in Hillsborough 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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Hillsborough County - Business

Commercial insurance needs vary between each of the over 48 thousand business establishments in Hillsborough County. The three largest job creating sectors, accounting for nearly 53% of all employment in the county in 2020 were:

  • Financial activities (19.5%)

  • Manufacturing (18.8%)

  • Professional and Business Services (14.4%)

Commercial Insurance Analysis

  1. Over 18 thousand professional services and consulting businesses in Hillsborough County can benefit from the professional liability insurance, also known as Errors and Omissions. E&O insurance protects the insured business’ clients in case the professional advice they give causes damages or losses.

  2. Manufacturing businesses usually require insurance coverage for:

    • Production facilities and property contained within

    • Employees’ safety, health, life, and disability benefits

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

To assess your business insurance needs in Hillsborough County, speak with a knowledgeable Florida-licensed commercial insurance agent with access to multiple insurers.

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Commercial Insurance in Florida

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