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Seminole County

Driving in Seminole County

Seminole County’s roads are home to approximately 391,190 registered private and commercial vehicles, which accounts for around 2.2% of all the automobiles in Florida.

About 4 in 5 of the vehicles used for daily commutes to work contain only the drivers, and almost half of these cars (≈43%) are on the road for more than 30 minutes.

Since 20% of Florida drivers do not have auto insurance, approximately 78,000 vehicles in Seminole County could be uninsured or underinsured.

It is estimated that every 3rd vehicle crash in Seminole County is a hit and run.

Motor Vehicle Crashes in Seminole County

Deaths caused by vehicular collisions in Seminole County statistically occur at a rate of 3.91 per 100,000 vehicles on the road: more or less 40 fatal crashes per year.

In 2021, the Florida Department of Highway Safety and Motor Vehicles (FLHSMV) reported over 6,447 crashes in Seminole County: 32 fatal crashes that led to 37 deaths (including 6 motorcyclists). Alcohol is determined as the main factor for the fatal crashes in Seminole County in about 18% of all driving fatalities.

Auto Insurance Analysis

  1. Over 391 thousand vehicles registered in Seminole 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 vehicle owners and its use. These are: Collision, Comprehensive, Commercial Transportation, Ride-sharing, and so on.

  2. More than 244 thousand individuals operating a separate vehicle in one area increases insurance premium rates. The more vehicles that utilize the roads of Seminole County at the same time, the higher the probability of a traffic accident taking place.

  3. The long daily commute of roughly 129 thousand Seminole 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 Seminole County residents.

To discuss your auto insurance needs in Seminole 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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Seminole County Housing

Seminole County’s roughly 200,000 housing unit market mostly consists of owner-occupied residential real estate, at a rate of 65% (same as the Florida average of 65.3%), with the remaining 35% of the homes as rentals.

Most of Seminole County’s immediate neighbors are also dominated by owner-occupied homes, except for Orange County with a rate of 55% — meaning that every other home in Orange County is inhabited by or available for tenants. Brevard County and Lake County have the highest owner-occupied rates, both at around 74%.

About 16% of the residential real estate in Seminole County experience 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 200 thousand housing units in Seminole 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 approximately 70 thousand housing units in Seminole County as rentals, landlords take out Landlord Insurance, which covers the property itself and from the possible liability claims arising from the tenants and their guests.

  3. Renters insurance Sanford: 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 Seminole County may require Renters Insurance before putting pen to paper on a lease.

For consultation and advice about Homeowners, Renters, Condo, Flood, and other types of insurance in Seminole 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,

  • 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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Seminole County Health

About 15% of Seminole County adults do not have proper health insurance coverage, which is lower than the Florida average of 19%. Seminole County’s uninsured adult rate is the lowest when compared to its neighbors. Volusia County and Lake County have the highest rates in the region, both at around 18%.

17% of adults in Seminole County are in poor health — this translates to about 80,000 adult residents reporting health problems. This is partially due to the fact that among the adult population, 16% smoke, 21% drink too much alcohol, and close to 22% 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.

This is one of the main reasons why 26% of the adults in Seminole County are considered obese (with a BMI of 30 or more) — this figure is not far from the Florida average of 27%. Among the neighbors, Volusia County has the highest obesity rate at 32%, followed by Lake County at 31%.

In 2022, there were 14 health insurers in Seminole 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 63 thousand residents (below 65 years old) of Seminole County lack this necessity.

  2. Florida residents 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. Despite the fact that health insurance is essential, not everyone is covered because not everyone can afford it. These low-income individuals could apply for government subsidies that can help ease the financial burden.

  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 Seminole 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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Seminole County Mortality and the End of Life Statistics

The average life expectancy in Seminole County is roughly 80.6 years old — at par with the Florida average of 80.1 years. In its region, Seminole County has the longest life expectancy, closely followed by Orange County at 80.5 years old. Volusia County has the shortest life expectancy in the group with an average of 76.8 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 76,000 seniors (65 and older) residing in Seminole County.

Life Insurance Facts

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

  2. Age and life insurance premiums are directly correlated. If the age of the applicant goes up, so do the premiums. However, taking out a life insurance policy as early as possible can save the insured a significant sum over time.

  3. Over 16% of the adults in Seminole County smoke, and this habit will increase the life insurance premiums of over 60,000 adults by up to 4 times compared to non-smokers. A person who smokes is more likely to develop fatal diseases that make them a higher risk to life insurance carriers.

Final Expenses – Seminole County Funeral Home Cost

A traditional funeral in Florida costs around $5,900, which is less expensive than Seminole County’s average of $6,100. Seminole County funeral homes charge the most in the region, followed by Orange County with an average cost of $6,000. A funeral in Brevard County is the most affordable in the region, as the average cost is approximately $4,900.

Statewide, Collier County has the most expensive funeral cost average in Florida ($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, the family members and friends of approximately 35 thousand Seminole County senior residents could possibly delay their grieving process as they have to focus their energies on making sure the funeral of their loved one will be paid for. (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 unsettled debts and taxes for the family to take care of.

  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 in Seminole 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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Seminole County - Business

Commercial insurance needs vary between each of the over 16 thousand business establishments in Seminole County. The three largest job-creating sectors, accounting for nearly 51% of all employment in 2020 were:

  • Manufacturing (19.5%)

  • Financial Activities (19.4%)

  • Professional and Business Services (12.6%)

Commercial Insurance Analysis

  1. Over 6 thousand professional services and consulting businesses in Seminole 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.

  2. 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.

To assess your business insurance needs in Seminole 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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