Oneida County

Oneida County - Driving Statistics and Analysis

The roadways of Oneida County are considered home to 137,347 personal and business-owned automobiles. This number constitutes roughly 1% of the total vehicles registered in the entire state of New York.

Approximately 82% of adult drivers in Oneida County travel to and from work by themselves, and around 20% of those commutes take more than 30 minutes to complete.

Motor Vehicle Crashes in Oneida County

According to the New York State Department of Motor Vehicles (DMV-NY) and the Institute for Traffic Safety Management and Research (ITSMR), there were 21,144 collisions in Oneida County between 2018 and 2021, with 68 fatalities. Property damage occured in 81% of those crashes, while personal injury was sustained in 18.67% cases.

Motorcycles in Kings County accounted for an average of 67 crashes annually: with personal injury as a result in 78.34% of cases and property damage in 17.20%.

Auto Insurance Analysis

1. Over 137 thousand vehicles registered in Oneida County need insurance coverage. No-Fault Personal Injury Protection (PIP) coverage, and Property Damage and Bodily Injury Liability are state-mandated coverages for all automobiles for protection against damages during vehicular accidents. Depending on the type of vehicle and how it is used (commercial or private), additional insurances are available such as Private Auto, Commercial Auto, Comprehensive Coverage, Non-owners car insurance, Commercial Transportation, Inland Marine, Gap, Ride-sharing, Short-term car insurance, and so on.

2. New York is considered a no-fault state, which means your insurance pays for any bodily injuries you receive in an accident, whether it's your fault or not. You can also reclaim the difference of the treatment expenses from the liable party if it exceeds your coverage limits. Meanwhile, property damage is the responsibility of the at-fault party.

3. Each year, the number of vehicles on Oneida County's roads increases. Even though the uninsured rate of drivers across the state of New York remains under five percent, the mere proximity of a huge number of vehicles on severely congested highways indicates the need for Uninsured Motorist coverage. You never know how much insurance the vehicle next to you has.

If you have inquiries regarding your auto insurance and finding affordable car insurance in Oneida County, contact a knowledgeable Property & Casualty (P&C) insurance agent licensed in New York.

Oneida County - Housing Statistics and Analysis

Oneida County has approximately 106,239 housing units that are mostly inhabited by owners. Oneida County’s 67% owner-occupied rate is the lowest among its neighboring counties, with Lewis County having the highest figure, while Otsego County has the second-lowest percentage after Oneida County. The average homeowner-occupied rate in the entire state of New York is roughly 54%.

Statewide, Hamilton County has the highest homeownership rate, with 87%. In comparison, Bronx County is the state leader with the highest percentage of its real estate for rent (≈80%).

15% of housing units in Oneida County encounter housing problems like inadequate plumbing, overcrowding, or problems with the kitchen. In about 1 in 8 homes, residents allocate more than 50% of their income to housing alone.

Housing Insurance Analysis

1. Oneida County has over 106 thousand housing units that need insurance coverage. All owners of these properties should have at least Homeowners, Condo Insurance, and/or Business Property Insurance (for apartment complexes), to protect the financial investment from the possibility of damages or loss.

2. With nearly 35,000 housing units in Oneida County listed as rentals, Landlords obtain Landlord Insurance to safeguard the property from possible liability claims from the tenants.

3. Renters Insurance Utica: Tenants can purchase Renters Insurance coverage to protect their belongings from possible damages or theft. This average renters insurance is quite affordable and can protect the property from damages caused by fire, smoke, sewage backup damage, water, and vandalism. Landlords in Oneida County may require renters' insurance before signing the lease.

For consultation regarding Homeowners, Renters, Condo, Flood, and other types of insurance in Oneida County, contact a Property & Casualty (P&C) insurance agent licensed in the state of New York.

A New York P&C insurance agent:

• Examines your needs and limitations

• 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

• Checks for available savings and bundling discounts

• 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).

Oneida County - Health Statistics and Analysis

Oneida County has a rate of 6% for uninsured adults (65 and under). This rate is identical to the rest of its neighboring counties of Lewis County, Herkimer County, Otsego County, Madison County, and Oswego County. On average, across the state of New York, around 8% of the population do not have proper health insurance coverage.

The highest uninsured adult rate in the entire state of New York is in Queens County, with 12%, while the lowest rate is observed in Saratoga County, at under 5%, which is 3% lower than the New York state average (8%).

Approximately 19% of the population in Oneida County report health problems. Additionally, nearly 25% of its residents do not engage in any physical exercise activities, which could be one of the factors contributing to the fact that 33% of the Oneida County population is considered obese (with a BMI of 30 or more). Among its nearby counties, the highest obesity rate is seen in Oswego County and Lewis County, at almost 37%, while Otsego County has the lowest rate of nearly 29% — closer to the New York state average of 26%.

In 2022, there were 53,030 Oneida County residents enrolled in Medicare, with the following utilization:

In 2022, there were 12 health insurers in Oneida County, offering affordable and frequently subsidized ACA health insurance on the New York State of Health marketplace.

Health Insurance Analysis

1. Over 8 thousand residents in Oneida County do not have the most important type of insurance, which is Health insurance.

2. Although New York is one of the few states that prohibits the sale of various alternative health insurance options, Oneida County residents can still browse for their preferred plans on a state-run health care exchange. While Group or Individual ACA health insurance is the most common coverage for Utica residents, supplementary options can also be purchased. For example, Hospital Indemnity Insurance and Accident & Health insurance can help cover out-of-pocket expenses such as deductibles, copay, and coinsurance, in case of emergency. Disability income insurance can help cover the lost income in case if a disability takes the insured out of the workforce.

3. Low-income health insurance: Low-income residents of Oneida County who cannot purchase health insurance due to unaffordability are generally advised to apply for government-funded health insurance subsidies, which can significantly lower the cost of health insurance.

Discuss your health insurance needs with a knowledgeable state-licensed New York health insurance professional with access to a variety of health insurance plans available to Oneida County residents. Offerings of health insurance coverage and its pricing may differ between zip codes.

A New York health insurance agent: analyzes your health 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 researches the available discounts and bundling options, assists you with the application process, and at any time you need to make a change to the policy, or shop for replacement coverage.

Oneida County - End of Life Statistics and Analysis

The average life expectancy for Oneida County residents is around 78 years, which is shorter than the New York state average of 81.4 years. Looking at Oneida County’s neighbors, Madison County has the longest average lifespan in the region, while Oswego County posts the shortest average.

Statewide, New York County has the highest average life expectancy at 85.2 years, while the shortest life span is seen in Chemung County, at under 77 years old.

In 2022, approximately 43,421 seniors (65 and older) were residing in Oneida County.

Life Insurance Facts

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

2. One of the factors considered in life insurance premiums is the age of the insured when the policy starts. Therefore, buying it at a younger age will save you more on premiums over the duration of the policy.

3. More than 1 in 5 adults (21%) in Oneida County smoke. This habit will certainly raise the life insurance premiums of more than 37,000 individuals by up to 4 times compared to non-smokers. A smoker's life span is expected to be shorter, making them more of a risk than non-smokers.

4. Besides the death benefit, Cash Value life insurance can be used for Living Benefits by the insured while they are still alive, to borrow against it, or even used as a source of tax-free retirement income.

Oneida County - Funeral Expenses Statistics and Analysis

In Oneida County, the average funeral cost is around $6,200, which is not far from the New York state average of $6,500. Among Oneida County’s neighbors, Otsego County posts the most expensive average funeral expense, at nearly $8,900, while Oswego County has the most affordable, closer to $5,000. In the entire state of New York, the most expensive funerals are observed in Suffolk County, at $10,500, while Erie County has the most affordable, at under $5,000

Life Insurance Analysis

1. It is estimated that 46% of Americans die with a savings of less than $10,000. Due to this fact, nearly 20 thousand senior residents of Oneida County could be placing an unpleasant and unnecessary financial burden on their families and loved ones. Instead of mourning their loss, they’ll need to focus on finding ways to settle funeral costs.

(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 costs, unpaid taxes and other debts are sometimes left by the deceased, which the family needs to take care of. Discuss your senior life insurance options with a licensed New York life insurance professional.

3. The most frequently used life insurance policies to cover “final expenses” up to $50,000 are: Term Life Insurance and Final Expense (also known as Burial 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, Final Expense (FE), and multiple Universal Life insurance policies.

5. The most commonly used life insurance for tax-free retirement funding is Indexed Universal Life (IUL) insurance.

To find out more about life insurance options and to get life insurance quotes in Oneida County, speak with a knowledgeable state-licensed and experienced life insurance professional who has access to multiple insurers and plan types for comparison.

Oneida County - Business

Commercial insurance differs from each of the nearly 5 thousand business establishments in Oneida County. The largest job-creating sectors are:

• Health Care & Social Assistance

• Educational Services

• Retail Trade.

Commercial Insurance Analysis

1. Each of the businesses in Oneida County needs insurance based on what it does and the number of people it employs. The coverage mainly falls into Commercial Property, Business Liability, and Employee Protection and Benefits:

   • Health insurance,

   • Life insurance,

   • Disability insurance,

   • Workers’ Compensation insurance, and

   • Unemployment insurance.

2. Medical malpractice coverage protects both patients and insured medical professionals, which is beneficial to health care workers.

3. At a minimum, Oneida County retail establishments typically get Property insurance, Business liability, Business income, and Workers’ compensation insurance.

To assess your business insurance needs in Oneida County and to get a commercial insurance quote, speak with a knowledgeable New York-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.