Holmes County

Holmes County Driving Statistics and Analysis

Approximately 16,000 personal and commercial automobiles call the roads of Holmes County their home. This figure constitutes 0.09% of all the vehicles registered in the state of Florida.

Over 82% of adult drivers in Holmes County make their way to and from their places of employment unaccompanied, and less than half of those drivers take more than 30 minutes to reach their destinations each way.

Around 20% of the total Florida drivers are uninsured, which could mean that roughly 3,200 vehicles in Holmes County are uninsured or underinsured.

Nearly 1 in 8 crashes in Holmes County are reported as a hit-and-run.

Motor Vehicle Crashes in Holmes County

Vehicular fatalities in Holmes County statistically occur at a rate of 27.77 per 100,000 vehicles on the road: approximately four fatal crashes yearly.

In 2021, the Florida Department of Highway Safety and Motor Vehicles (FLHSMV) reported 283 crashes in Holmes County, with four of those recorded as fatal crashes, resulting in six deaths. Alcohol is determined as the main factor for the fatal crashes in Holmes County in an estimated 22% of all driving fatalities.

Auto Insurance Analysis:

1. Over 16 thousand automobiles registered in Holmes County require some type of insurance coverage, and what kind depends on the type of vehicle and usage. The required insurance may be: Farm or Commercial Auto, Comprehensive Coverage, Farm or Commercial Transportation, Inland Marine, Private Auto, and so on. Meanwhile, basic Liability and Personal Injury Protection (PIP) coverage are required for all vehicles on the road to safeguard others from the damage you may cause in a vehicular accident.
2. Holmes County roads are mostly rural. Although vehicles that use rural roads have a lower chance of getting into a vehicular collision, they have a higher chance of getting into wildlife-vehicle crashes. This is especially true for Florida with its diverse ecosystem, where animals (such as deer, black bears, alligators, and various birds) frequently cross the road. According to a study reported by the Florida Fish and Wildlife Conservation Commission (FWC), there has been a 50%% increase in the black bear population in the western panhandle region of Florida from 2002 to 2015, making rural road crossings more likely. Although Personal Injury Protection coverage can cover your medical expenses and loss of income, having Comprehensive auto insurance will help with the cost of repairing the car after hitting an animal.
3. Year after year, the number of cars on the road increases, and with 1 in 9 crashes reported as a hit-and-run and with 1 out of 5 drivers uninsured, Uninsured and Underinsured coverage remains important for Holmes County residents.

To know more about your auto insurance options and to find affordable car insurance in Holmes County, contact a Property & Casualty (P&C) insurance agent licensed in the state of Florida.

Holmes County Housing Statistics and Analysis

Similar to the majority of Florida, Holmes County’s estimated 8,762 housing unit market is mostly made up of homeowner-occupied properties (≈76%). Nearby counties are also similar wherein homes are inhabited mainly by the owners, with Washington leading with almost 78% owner-occupied and just 22% of housing listed for rent. In comparison, Jackson County has the lowest owner-occupied rate at nearly 70% against 30% for renters. In the entire state of Florida, the average homeowner-inhabited rate is 65%.
Approximately 1 in 8 housing units in Holmes County experiences housing problems like kitchen issues, overcrowding, or poor plumbing. In around 25% of homes, residents allocate more than half of their salary to housing alone.

Housing Insurance Analysis:

1. To protect the financial investment from possible loss or damage, nearly 9 thousand units in Holmes County require insurance coverage. At a minimum, all owners of these properties should have Condo Insurance, Homeowners, and/or Business Property Insurance (for apartment complexes).
2. Landlords acquire Landlord Insurance to safeguard the property and themselves from possible liability claims from the tenants and their guests.
3. Renters Insurance Bonifay: To protect the tenant’s belongings from possible damage or loss, they are advised to obtain Renters Insurance coverage. Standard renters’ insurance is inexpensive and generally covers the tenant’s property from burglary, damages caused by fire, smoke, water, and vandalism. Some landlords in Holmes County require renters’ insurance as part of the lease condition.
   For inquiries and other information about Homeowners, Renters, Condo, Flood, and different residential insurance in Holmes 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)

Holmes County Health Statistics and Analysis

Over 19% of adults in Holmes County experience frequent mental distress, which is the lowest rate in the entire state of Florida. Furthermore, nearly 21% of its residents do not have proper health insurance coverage, which is the highest among its neighboring counties, with Jackson County having the lowest rate, at over 17%.
The highest uninsured adult rate in the entire state of Florida is in Hendry County, with 35%, while the lowest rate is seen in St. Johns County, at under 13% of the adult residents. In 2021, the average adult uninsured rate in Florida was around 19.2%
Almost 27% of adults (or more than 5,000 residents) in Holmes County report health problems.
Additionally, over 37% of Holmes County residents fail to participate in any physical exercise activities, which is probably the contributing factor to why 36% of its residents are considered obese (with a BMI of 30 or more) – higher than the Florida average of 27%. Looking at the neighboring counties, Washington County has the highest obesity rate at 38%, while the lowest is reported in Walton County, with nearly 32%.
In 2022, there were 14 health insurers in Holmes County offering affordable and frequently subsidized ACA health insurance on the Florida health marketplace.

Health Insurance Analysis:

1. More than three thousand residents of Holmes County do not have Health Insurance, which is the most crucial type of insurance.
2. Florida residents have the option of purchasing multiple types of health insurance and supplemental products. This makes it convenient for Holmes County residents to acquire coverage that fits each individual’s 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, Critical Illness, Accident & Health, etc.
3. Low-income health insurance: Low-income consumers are advised to apply for government subsidies if they cannot afford health insurance. This makes health insurance substantially more affordable, if not almost free.
4. For residents that do not have a pre-existing condition, 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)
   Explore your insurance needs with a state-licensed Florida health insurance professional with access to various health insurance plans available in Holmes 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.

Holmes County End of Life Statistics and Analysis

The average life expectancy in Holmes County is 74 years, which is lower than the Florida average of 80 years old. Compared to Holmes County’s neighbors, Walton County posts the longest average life span, at 78.9 years, while the shortest is observed in Washington County at 72.5 years. State-wide, Collier County reports the longest life expectancy, at over 86 years, while the shortest life span in Florida is seen in Union County, at under 69 years old.
Nearly 4,000 seniors (65 and older) resided in Holmes County in 2022.

Life Insurance Facts:

1. In 2022, 47% of Americans did not have an active life insurance policy of any type.
2. Life Insurance premiums consider the age of the insured when the policy begins, among other factors. This means residents can save more in premiums over the course of the policy if they obtain it at a younger age.
3. Almost 29% of the adults in Holmes County are smokers, and this habit will likely affect the life insurance costs of almost 5,000 adults by up to 4 times that compared to non-smokers. Smokers generally have a shorter life span, making them more of a risk than people who do not smoke.
4. Aside from the death benefit, Cash Value life insurance can be used for Living Benefits, borrowing against it, or as a source of tax-free retirement income by the insured while they are still living.

Holmes County - Funeral Expenses Statistics and Analysis

Holmes County and its neighboring county of Jackson County have an average funeral cost of around $5,200, which is the least expensive in its area. Looking at its peer counties, Washington reports the highest funeral cost, at $5,300, lower than the Florida average of $5,900. These costs already include basic service fees, casket, embalming, transportation, viewing, and burial.
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. Approximately 46% of Americans die with less than $10,000 of savings, which means that Holmes County senior residents may place the financial burden on their family members and friends. They may have no time to mourn their loss as they need to find ways to pay for the funeral. (Note: If using life insurance as payment for the funeral services, most funeral homes require the policy to be “assignable.”)
2. Aside from the burial expenses, the deceased may also leave taxes and other debts behind for the family to take care of. Discuss your senior life insurance options with licensed Florida professionals.
3. The most utilized life insurance policies to cover “final expenses” up to $50,000 are: Final Expense Insurance and Term Life Insurance.
4. The most commonly used life insurance policies to leave money to the bereaved family are the options 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 Holmes County, speak with a knowledgeable state-licensed and experienced life insurance professional who has access to multiple insurers and plan types for comparison.

Holmes County - Business

Commercial insurance differs between nearly 400 business establishments in Holmes County. The three largest job-creating sectors, accounting for almost 65.8% of all employment in the county in 2020, were:

• Government (38.1%)
• Trade, Transportation and Utilities (14.0%)
• Education & Health Services (13.7%)

Commercial Insurance Analysis

1. Health providers usually get medical malpractice coverage according to the amount of damage their work can cause to the patients.
2. Retail businesses typically insure all business-owned or leased property and the employees. Besides that, every customer-facing operation typically requires liability insurance, in case the visitor gets hurt on the premises or by using the product. If the business stores and transports goods, it needs inventory insurance is inland marine coverage.
   To assess your business insurance needs and to get a commercial insurance quote in Holmes 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.

Holmes County - Business

Commercial insurance differs between nearly 400 business establishments in Holmes County. The three largest job-creating sectors, accounting for almost 65.8% of all employment in the county in 2020, were:

• Government (38.1%)
• Trade, Transportation and Utilities (14.0%)
• Education & Health Services (13.7%)

Commercial Insurance Analysis

1. Health providers usually get medical malpractice coverage according to the amount of damage their work can cause to the patients.
2. Retail businesses typically insure all business-owned or leased property and the employees. Besides that, every customer-facing operation typically requires liability insurance, in case the visitor gets hurt on the premises or by using the product. If the business stores and transports goods, it needs inventory insurance is inland marine coverage.
   To assess your business insurance needs and to get a commercial insurance quote in Holmes 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.