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Manatee County

Driving in Manatee County

The residents of Manatee County registered approximately 348,973 vehicles that they utilize for personal and business-related endeavors, and in 2022 this made up for roughly 1.93% of all the registered vehicles across Florida.

Approximately 78% of the vehicles used for daily commutes to work transport only the driver, and roughly 2 in 5 of these automobiles are on the road for more than half an hour for each trip.

With 20% of Florida drivers uninsured, it could be deduced that 70,000 vehicles in Manatee County could possibly be uninsured or underinsured. Additionally, nearly every 3rd auto accident in Manatee County is a hit and run.

Motor Vehicle Crashes in Manatee County

Deaths caused by vehicular collisions in Manatee County statistically occur at a rate of 14.67 per 100,000 vehicles on the road: more or less 51 fatal crashes per year.

In 2021, the Florida Department of Highway Safety and Motor Vehicles (FLHSMV) reported over 6,771 crashes in Manatee County: 69 fatal crashes that led to 73 deaths (including 12 motorcyclists). Alcohol is determined as the main factor for the fatal crashes in Manatee County in about 1 out of 4 of all driving fatalities.

Auto Insurance Analysis

  1. Roughly 349 thousand vehicles registered in Manatee 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. Aside from the mandatory minimum, other types of coverage could also be purchased depending on the choice of vehicle owners and its use: Private Auto, Comprehensive, Non-owner, Gap, Inland Marine, and so on.

  2. More than 176 thousand individuals operating a separate vehicle in one area increases insurance premium rates. Having this many automobiles on the road at the same time increases the likelihood of a traffic accident.

  3. The long daily commute of roughly 86 thousand Manatee County residents is another factor that spikes up auto insurance premium rates. Being on the road for an extended period increases the likelihood of a vehicular collision.

  4. With every 3rd crash as a hit-and-run and with 20% of drivers uninsured, Uninsured Driver Coverage remains essential for Manatee County residents.

To discuss your auto insurance needs in Manatee 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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Manatee County Housing

There are approximately 212,164 homes in Manatee County and 72% of them are inhabited by the owners, while 27% are rentals. Manatee County and its neighboring counties are all dominated by owner-occupied homes, just like the majority of Florida (≈65%).

Among the adjacent counties, Sarasota County has the highest percentage of residential real estate occupied by the owners, at a rate of 75%, while Hillsborough County has the lowest at 59%.

About 16% of the housing properties in Manatee County encounter housing problems, overcrowding, substandard plumbing, or kitchen problems. In 1 out of 4 homes, residents dedicate more than 50% of their income to housing expenses.

Housing Insurance Analysis

  1. More than 212 thousand residential units in Manatee County need insurance coverage. At a minimum, all owners of these properties ought to 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 approximately 57 thousand homes in Manatee County as rentals, landlords take out Landlord Insurance, which covers the property itself and the possible liability claims arising from the tenants and their guests.

  3. Tenants buy Renters Insurance coverage to protect their belongings from possible damage or loss. Typically, renters’ insurance is affordable and usually covers the tenant's property from theft and damages caused by fire, smoke, water, and vandalism. Some landlords in Manatee County may require Renters Insurance before putting pen to paper on a lease.

  4. Manatee 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 Manatee 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 Manatee 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 Manatee 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,

  • 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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Manatee County Health

In Florida, about 19% of the population do not have proper health insurance coverage, and the same can be said for Manatee County (≈19.8%). In the region, DeSoto County has the highest uninsured adult rate at 30%, while Hillsborough County has the lowest figure at 18%.

Nearly 1 out of 5 adults in Manatee County are in poor health — this translates to about 75,000 adult residents reporting health problems. This is partially due to the fact that among the adult population, 19% smoke, 23% drink too much alcohol, and over 25% of the total population does not exercise regularly despite the fact that about 91% of the population have access to areas where physical exercise can be done.

Physical inactivity is one of the key factors why 26% of the adults in Manatee County are considered obese (with a BMI of 30 or more) — comparable to the Florida average of 27%. In the region, Hardee County has the highest obesity rate at 40%, while Sarasota County has the lowest figure at 21%.

In 2022, there were 14 health insurers in Manatee 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 coverage, and over 66 thousand residents (below 65 years old) of Manatee County lack this necessity.

  2. Floridians are allowed to purchase multiple types of health insurance and supplemental plans. This makes it easier for them to obtain coverage that fits 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.

  3. Health insurance can be beyond the financial capabilities of low-income individuals but if they apply for government subsidies and get approved, the cost of health insurance could be significantly reduced.

  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 Manatee County residents. Offerings of health insurance will 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.

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Health Insurance in Florida

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Manatee County Mortality and the End of Life Statistics

Manatee County residents have an average lifespan of 81.7 years old — a year longer than the Florida average of 80.1 years. Looking at the neighbors, Sarasota County has the longest average at 82 years old, and with a life expectancy of 78.6 years, Polk County has the shortest.

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 118,000 seniors (65 and older) residing in Manatee 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. The greater the age, the higher the cost of life insurance. This is why taking out a policy as early as possible can save the policyholder a significant sum in the long run.

  3. Over 19% of the adults in Manatee County smoke, and this habit will spike up the life insurance premiums of over 65,000 adults by up to 4 times compared to non-smokers. A smoker is considered more susceptible to developing fatal diseases that make them a higher risk to life insurance carriers.

  4. Besides the death benefit, which the beneficiaries receive after your death, you can use life insurance while still alive to:

    • Use for retirement income replacement that comes free of the federal income tax and to

    • Help pay the costs of terminal illness.

Manatee County - Funeral Expenses Statistics and Analysis

A traditional funeral in Florida costs around $5,900, and the average cost in Manatee County is not far off from this figure, with an average of approximately $5,800. Among the neighbors, Hillsborough County has the most expensive funerals, more or less $6,600, followed by Sarasota County at $6,400. DeSoto County has the most affordable at $4,600, and this is also one of the lowest funeral costs in Florida, along with Putnam County. Collier County has the most expensive average in Florida at ≈$9,600.

Life Insurance Analysis

  1. With 46% of Americans dying with savings of less than $10,000, the family and friends of approximately 54 thousand Manatee County senior residents may have to put their grief on hold to make sure that the funeral expenses will be dealt with. (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 burial costs, the departed often leave outstanding loans and taxes for the family to take care of.

  3. In most cases, Term Life Insurance and Final Expense Insurance can help cover “final expenses” with a death benefit of up to $50,000.

  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 in Manatee County, speak with a knowledgeable state-licensed and experienced life insurance professional who has access to multiple insurers and plan types for comparison on a case by case basis.

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Life Insurance in Florida

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Manatee County - Business

Commercial insurance needs vary between each of the over 12 thousand business establishments in Manatee County. The three largest job-creating sectors, accounting for nearly 51% of all employment in 2020 were:

  • Manufacturing (22.0%)

  • Professional and Business Services (15.8%)

  • Education & Health Services (13.5%)

Commercial Insurance Analysis

  1. Manufacturing businesses usually require insurance coverage for:

    • Employees’ health and welfare

    • Production facilities, tools, supplies, and other property

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

  2. Nearly 3 thousand professional services and consulting businesses in Manatee County can benefit from professional liability insurance, also known as Errors and Omissions insurance (E&O insurance). E&O insurance protects their clients in case the professional advice they give causes damages or losses.

  3. Health providers usually get medical malpractice coverage according to the amount of damage their work can cause to the patients.

To assess your business insurance needs in Manatee 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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