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Montgomery County

Montgomery County - Driving Statistics and Analysis

Around 721,025 private and business vehicles call the roads of Montgomery County their home. This number represents approximately 6.5% of all motor vehicles registered in the entire Commonwealth of Pennsylvania.

3 out of 4 of Montgomery’s adult residents commute to work by themselves. Due to heavy traffic, 45% of those commutes last for over 30 minutes.

Motor Vehicle Crashes in Montgomery County

Fatalities from vehicular accidents in Montgomery County statistically occur at a rate of 5 per 100,000 automobiles on the road: an estimated 36 fatal crashes yearly.

According to the Pennsylvania Department of Transportation, (PennDOT), in 2021 there were 7,919 crashes in Montgomery County: with 39 of them fatal. Approximately 21% of fatalities in Montgomery County are caused by alcohol-impaired driving.

Auto Insurance Analysis

  1. Over 720 thousand vehicles registered in Montgomery County need insurance coverage: Property Damage and Bodily Injury Liability are required for all vehicles on the road. Depending on the type of vehicle and its use (commercial or private), the additional required insurance may be: Comprehensive Auto, Commercial Auto, Comprehensive Coverage, Non-owners car insurance, Commercial Transportation, Inland Marine, Gap, Ride-sharing, Short-term car insurance, and so on.

  2. Even though Pennsylvania is a no-fault state, where bodily injury is covered by each insured’s own coverage, the Commonwealth allows drivers to opt out of the “no-fault” coverage under the “choice no-fault” stipulation. Additionally, due to Pennsylvania’s use of the modified comparative negligence laws, the amount of fault of each party in a crash determines the amount of damage that the insurer will cover.

  3. The number of vehicles on the roads of Montgomery County keeps going up year after year, and even though the uninsured rate of drivers across Pennsylvania remains at around 7 percent, the sheer proximity of a large volume of vehicles on heavily congested roads raises the need for Uninsured Motorist coverage. You can’t tell what kind of coverage everyone around you has, until you’ve had an accident with them.

To discuss your auto insurance needs and to find affordable car insurance in Montgomery County, contact a knowledgeable Property & Casualty (P&C) insurance agent licensed in the state of Pennsylvania.

Montgomery County - Housing Statistics and Analysis

Similar to the majority of Pennsylvania, where the homes are mostly (69%) owner-occupied, Montgomery County’s estimated 343,635 residences are mostly occupied by homeowners at around 72% and renters at 28%. Among the neighboring counties, Bucks County has the most owner-occupied homes, while Philadelphia County has the most households as rentals.

COUNTY Homeowners Renters
Montgomery County 72% 28%
Berks County 71% 29%
Bucks County 78% 22%
Chester County 75% 25%
Delaware County 69% 31%
Lehigh County 65% 35%
Philadelphia County 53% 47%

Statewide, Pike County has the highest homeownership rate, with just 16% of homes for rent, while Philadelphia County is the state leader with the highest percentage of its real estate for rent.

Around 14% of housing units in Montgomery County encounter housing problems, overcrowding, poor plumbing, or issues with the kitchen. In over 12% of households, residents spend more than 50% of their earnings on housing.

Housing Insurance Analysis

  1. Over 340 thousand dwellings in Montgomery County need insurance coverage. At a minimum, all owners of these assets should have Homeowners, Condo insurance, and/or Business property insurance (for multi-housing units), to protect the underlying financial investment from possible loss or damage.

  2. With over 96 thousand homes in Montgomery County for rent, landlords obtain Landlord Insurance, which covers the property itself and from the possible liability claims arising from the tenants and their guests.

  3. Renters insurance in Philadelphia metro area: Tenants buy Renters Insurance coverage to protect their belongings from possible damage or loss while living in a rented space. Average renters’ insurance is affordable and usually covers the tenant's property from theft and damages caused by fire, smoke, water, and vandalism. Most landlords in Montgomery County will require Renters insurance as a condition of the lease.

For consultation and to get a quote on Homeowners, Tenants, Condo, Flood, and other types of insurance in Montgomery County, contact a Property & Casualty (P&C) insurance agent licensed by the state of Pennsylvania.

A Pennsylvania 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,

  • checks for available savings and bundling discounts,

  • 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.

Montgomery County - Health Statistics and Analysis

Over 5% of adults under the age of 65 living in Montgomery County lack proper health insurance coverage, which is lower than the Commonwealth’s average (≈8%) and all its peer counties. The highest uninsured rate among the neighbors is in Philadelphia County, while the second highest is in Lehigh County.

COUNTY Uninsured Adults
Montgomery County 5%
Berks County 8%
Bucks County 6%
Chester County 6%
Delaware County 7%
Lehigh County 9%
Philadelphia County 11%

The highest uninsured adult rate in the Commonwealth of Pennsylvania is in Juniata County, with nearly 12 percent, while the lowest rate is observed in Butler County, at around 5% of the adult residents.

14% of adults in Montgomery County experience health problems. Nearly 21% of the Montgomery County population do not participate in physical exercise activities. Around 30% of the Montgomery County adult residents are considered obese (with a BMI of 30 or more), which is the second-lowest among the peers and is lower than the Pennsylvania state average (33%). Chester County has the lowest obesity rate in the area - over 29 percent.

In 2022, 172,549 residents of Montgomery County were registered in Medicare, with the following utilization:

Original Medicare 66%
Medicare Advantage 34%
Original Medicare Part A and Part B 56%
Medicare Advantage and Other Health Plan Part A and Part B Beneficiaries 34%
Medicare Part D (Medigap) 51%
Medicare Advantage Prescription Drug Plan 29%

In 2022, there were 13 health insurers in Montgomery County, providing affordable and frequently subsidized ACA health insurance on the Pennie, Pennsylvania’s Health Insurance Exchange.

Health Insurance Analysis

  1. Health insurance is the most important insurance coverage, and nearly 45 thousand adults living in Montgomery County lack this necessity.

  2. Pennsylvania is among the states that allow the sale of various types of health insurance and supplemental health insurance. This makes it easier for Montgomery County residents to purchase coverage that fits their specific needs (both medically and financially): Group or Individual Marketplace ACA health insurance, multiple types of Short Term insurance (up to 3 years in coverage), Hospital Indemnity insurance, Accident & Health insurance, etc.

  3. Low-income health insurance: If health insurance is not being bought due to unaffordability, low-income residents of Montgomery County are generally advised to apply for government health insurance subsidies, which can substantially lessen the health insurance cost.

  4. If you do not have pre-existing conditions, short-term health insurance may offer an alternative saving path. (* Some Pennsylvania 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 Pennsylvania health insurance professional with access to different health insurance plans available to Montgomery County residents. Offerings of health insurance coverage and its pricing may differ between zip codes.

A Pennsylvania health insurance agent: analyzes your health needs and restrictions, researches the locally available plans that fit your needs, offers 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 plans, assists you with the application process, and at any time you need to make a change to the policy, or shop for replacement coverage.

Montgomery County - End of Life Statistics and Analysis

Residents in Montgomery County have an average life expectancy of roughly 81 years old, which is around 3 years higher than the 78-year Pennsylvania state average. Among the neighboring counties, Chester County has the highest average life expectancy, while the lowest is in Philadelphia County.

COUNTY Average Life Expectancy
Montgomery County 80.5
Berks County 79.0
Bucks County 79.5
Chester County 81.2
Delaware County 78.0
Lehigh County 79.0
Philadelphia County 75.3

The longest average life expectancy in Pennsylvania is observed in Centre County, at over 82 years old, while the shortest average is seen in Fayette County, at under 75 years old.

In 2022, there were approximately 155,297 seniors (65 and older) living in Montgomery County.

Life Insurance Facts

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

  2. Life insurance premiums are based on the age of the insured when the policy begins, among other aspects. The younger you are when you acquire it, the more you save in incentives over the duration of the policy.

  3. Around 15% of the adults in Montgomery County smoke, and this lifestyle will likely affect the life insurance costs of more than 98 thousand adults, who may have to pay up to 4 times more compared to non-smokers. A smoker’s life expectancy is considered 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 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.

Montgomery County - Funeral Expenses Statistics and Analysis

Funeral expense costs in and around Montgomery County are different. The average price of a funeral in Montgomery County is around $6,600, which is lower than the Pennsylvania state average ($6,700). The most affordable funeral in the area is in Philadelphia County ($6,100 avg.), while Bucks County tends to be the most expensive, with an average of around $11,700. Delaware County splits the difference with a $9,300 average funeral cost.

Statewide, Clinton County has the least expensive funerals averaging more or less $4,700, while Bucks County’s average is the most expensive in Pennsylvania.

Life Insurance Analysis

  1. With 46% of Americans dying with savings lower than $10,000, over 71 thousand seniors living in Montgomery County could be placing the unnecessary and often unbearable financial burden on family and friends.

  2. Besides the burial costs, the deceased frequently leave taxes and other liabilities behind for the family to take care of. Discuss your senior life insurance plans with a licensed Pennsylvania life insurance professional.

  3. Indexed Universal Life (IUL) is the most preferred life insurance policy to use for its living benefits and retirement financing.

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

To discuss more about life insurance options and to get life insurance quotes in Montgomery County, speak with a knowledgeable Commonwealth-licensed and experienced life insurance professional who has access to various insurers and plan types for comparison.

Montgomery County - Business

Commercial insurance needs vary between each of the roughly 28 thousand business establishments in Montgomery County. The three largest job-creating sectors, accounting for around 39% of all employment in the county in 2022 were:

  • Health Care & Social Assistance - 17%

  • Professional and Technical Services - 11.6%

  • Retail Trade - 10.3%

Commercial Insurance Analysis

  1. Every business in Montgomery County needs some type of insurance, based on what it does and the number of people it employs. The coverage mostly falls into:

    • Commercial Property,

    • Business Liability, and

    • Employee Protection and Benefits.

  2. Health care professionals can benefit from Medical malpractice coverage, which protects both the patients and the insured medical professionals.

  3. Over 4 thousand professional services and consulting businesses in the county can benefit from professional liability insurance, also known as Errors and Omissions insurance (E&O insurance), that protects them and their clients in case the professional advice they give causes damages or losses.

  4. Retail businesses in Montgomery County are primarily insured against customer liabilities that come from using the retail location or by interacting with the products, and to protect the property, inventory, and the staff.

To evaluate your business insurance needs in Montgomery County and to get a commercial insurance quote, speak with a knowledgeable Pennsylvania-licensed commercial insurance agent with access to multiple insurers and premium finance plans. Always try to compare at least 2 or 3 options before deciding on the coverage.