Taylor County

Taylor County Driving Statistics and Analysis

The highways of Taylor County are home to 17,513 personal and commercial vehicles. This number of automobiles accounts for roughly 0.10% of the total vehicles registered in Florida.

Approximately 84% of adult drivers in Taylor County travel to and from work by themselves, and almost 24% of those commutes take more than half an hour to complete.

With roughly 20% of Florida drivers uninsured, about 3,000 vehicles in Taylor County alone could be uninsured or underinsured.

Nearly 1 in 6 crashes in Taylor County are reported as a hit-and-run.

Motor Vehicle Crashes in Taylor County

Vehicular fatalities in Taylor County statistically occur at a rate of 24.50 per 100,000 automobiles on the road: approximately 4 fatal crashes yearly.

In 2021, the Florida Department of Highway Safety and Motor Vehicles (FLHSMV) reported 338 crashes in Taylor County: 7 fatal crashes, with a resultant 7 deaths. Alcohol is determined as the main factor for the fatal crashes in Taylor County in an estimated 32% of all driving fatalities.

Auto Insurance Analysis:

1. Nearly 18 thousand vehicles registered in Taylor County need insurance coverage. Basic Liability and Personal Injury Protection (PIP) coverage are state-mandated coverage for all vehicles on the road to protect others from the damages you may cause during automobile accidents. Meanwhile, the basis of insurance premiums depends on the type of vehicle and usage. The additional required insurance may be: Farm or Commercial Auto, Farm or Commercial Transportation, Inland Marine, Private Auto, Collision Coverage, Ride-sharing Coverage, Short-term Car Insurance and so on.
2. The majority of roads in Taylor County are rural. Although vehicles that use rural roads are less prone to vehicular collisions, wildlife-vehicle collisions are more likely to happen — 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 an 86% increase in the black bear population in the East 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 automobiles on the road increases. With nearly 17% of crashes reported as hit-and-run and 20% of drivers being uninsured, Uninsured, and Underinsured, coverage remains important to Taylor County residents.

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

Taylor County Housing Statistics and Analysis

Similar to the rest of Florida, Taylor County’s 11,278 housing unit market is vastly dominated by owners occupying the property, with roughly 77% versus 23% for renters. Among Taylor County’s neighbors, Lafayette County leads the group in this respect at a rate of 84%, followed by Dixie County, with almost 79%. The average percentage of homes occupied by the owner in Florida is 65%.
In Taylor County, approximately 11% (lowest across Florida) of its housing units experience housing problems like plumbing issues, overcrowding, or kitchen inadequacies. In 1 out of 4 homes, residents allocate more than 50% of their salary to housing alone.

Housing Insurance Analysis:

1. Over 11 thousand housing units in Taylor County need insurance coverage. All owners of these properties should have at least Homeowners, Condo Insurance, and/or Business Property Insurance to protect and safeguard the underlying financial investment from possible loss or damage.
2. With nearly 3 thousand housing units in Taylor County listed as rentals, owners of these properties obtain Landlord Insurance to cover the property from possible liability claims arising from the tenants and their guests.
3. Renters Insurance Perry: To protect the tenant’s property from possible damage or loss, they obtain Renters Insurance. Standard renters insurance is affordable, and it covers the tenant’s property from burglary and damages caused by fire, smoke, water, and vandalism. Some landlords in Taylor County may require renters insurance as part of the lease conditions.
4. Taylor County sits on the coast, not far from one of the Atlantic Ocean’s key hurricane formation zones. Hurricanes usually cause damage through wind and flooding. The highest probability of a hurricane occurrence in Taylor 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 Taylor County should maintain appropriate insurance coverage to protect their property against possible loss and damage from wind and water damage.
   For inquiries and other information about Homeowners, Renters, Condo, Flood, and different residential insurance in Taylor 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)

Taylor County Health Statistics and Analysis

Approximately 17% of adults in Taylor County do not have proper health insurance coverage. Compared to its neighboring counties, Lafayette County has the highest percentage of uninsured adults, with nearly 23%, while Jefferson County has the lowest rate, at almost 16% — which is lower than the Florida state average of 19%. In the entire state of Florida, Hendry County has the highest percentage of uninsured adults at 35%, while the lowest rate is observed in St. Johns County at under 13%.
Around 28% of adult residents in Taylor County report health problems, which is roughly 6,000 people.
Furthermore, almost 35% of its residents do not participate in any physical exercise activities, which contributes to why 35.5% of the Taylor County population has problems with obesity (with a BMI of 30 or more). Among Taylor County’s neighbors, Madison County has the highest obesity rate of 35.9%, while the lowest is reported in Dixie County, with over 33% — much higher than the Florida average of 27%.
In 2022, 14 health insurers in Taylor County offered affordable and frequently subsidized ACA health insurance on the Florida health marketplace.

Health Insurance Analysis:

1. More than 3 thousand residents of Taylor County do not have the most important insurance coverage, which is health insurance.
2. The sale of multiple types of health insurance and supplemental products is allowed in the state of Florida. This makes it easier for residents to acquire coverage that fits their specific needs (both medically and financially): Various types of Short-term insurance (up to 3 years in coverage), Marketplace ACA Health Insurance, Hospital Indemnity, Accident & Health, etc.
3. Low-income health insurance: Residents who cannot afford health insurance are generally advised to apply for government subsidies to lower the cost of insurance.
4. Short-term Insurance is an alternative option if you wish to save money and do not have any pre-existing conditions. (*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 Taylor 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.

Taylor County End of Life Statistics and Analysis

The average life expectancy for residents in Taylor County is 75.7 years, lower than the Florida state average of 80 years. Compared to Taylor County’s neighbors, Jefferson County has the longest expected life span, at 77.6, while the shortest is seen in Dixie County, at 75.4 years. In the entire state of Florida, Collier County has the longest life expectancy at over 86 years, while the shortest life span in Florida is observed in Union County, at under 69 years old.
Nearly 5,000 seniors (65 and older) resided in Taylor County in 2022.

Life Insurance Facts:

1. It is estimated that 47% of Americans did not have an active life insurance policy of any type in 2022.
2. Life insurance premiums are based on the age of the insured when the policy begins, among other factors. The younger you are when you get it, the more you save in premiums over the course of the policy.
3. Roughly 27% of the adults in Taylor County are smokers, and this habit can raise the cost of life insurance premiums of almost 5,000 adults 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.
4. Besides the death benefit, Cash Value life insurance can be used by the insured while they are still alive to borrow against it or use it as a tax-free retirement income source.

Taylor County - Funeral Expenses Statistics and Analysis

Taylor County’s average funeral cost is approximately $6,900, which is similar to its nearby neighbor, Jefferson County. However, the highest average funeral expense among Taylor County’s neighbors is reported in Madison County, with $7,000 – much higher than the Florida average of $5,900. These costs 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. With nearly 46% of Americans dying with a savings of not more than $10,000, Taylor County senior residents could be placing an unnecessary financial burden on friends or family. They may have no time to grieve as they must look for a way 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. The deceased also frequently leave taxes and other debt behind for the family to take care of aside from the burial costs. Discuss your senior life insurance options with licensed Florida professionals.
3. Usually, Term Life Insurance and Final Expense Insurance are the most used life insurance policies to cover “final expenses” up to $50,000.
4. The most common life insurance policies to leave money to the family are: Term Life Insurance and variations of Permanent Life Insurance, such as Whole Life insurance, Indexed Universal Life (IUL) insurance, and Final Expense (FE).
   Talk to an experienced and licensed Florida insurance professional about life insurance options and to get life insurance quotes in Taylor County. Knowledgeable insurance agents with access to multiple insurers can help you evaluate your needs and then offer you different solutions to fill them.

Taylor County - Business

Commercial insurance needs vary between each of the approximately 450 business establishments in Taylor County. The three largest job-creating sectors, accounting for over 61% of all employment in the county in 2020, were:

• Construction (23%)
• Government (21.1%)
• Manufacturing (17.6%)

Commercial Insurance Analysis

1. In order to receive a general contractor's license in Florida, a contractor must carry general liability insurance for bodily injury and property damage.
2. Manufacturing businesses usually require insurance coverage for:

• Production facilities and property
• Employees’ health and safety
• Product liability coverage protects the company itself in case the product hurts someone and the injured party files a claim or a suit against the manufacturer.

To assess your business insurance needs in Taylor 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.