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Bailey County

Driving in Bailey County

Bailey County's roads are home to an estimated 5,141 private and commercial vehicles. This figure represents approximately 0.02% of all vehicles registered in the state of Texas.

Over 70% of adult drivers in Bailey County commute alone to work, with more than a third of those commutes lasting more than 30 minutes.

Approximately 20% of Texas drivers are uninsured, with an estimated 1,000 vehicles being uninsured in Bailey County alone.

Auto Insurance Analysis:

  1. Bailey County’s over 5 thousand registered vehicles that require insurance coverage. Depending on the type of vehicle and its intended use, the following insurance may be required: Private Auto, Commercial Auto, Auto Liability, Commercial Inland Marine, and so on.

  2. Because everyone drives separately, there are more vehicles on the road, which increases the likelihood of a collision. This usually raises premiums.

  3. A longer commute raises the cost of auto insurance because it increases the amount of time a driver spends on the road and the likelihood of being involved in a car accident.

  4. With 1 out of every 5 drivers in Texas being uninsured, Uninsured Driver Coverage is becoming increasingly important. Uninsured and underinsured motorist coverage costs Texans nearly $900 million per year.

Contact a Property & Casualty (P&C) insurance agent licensed in Texas for consultation and advice on auto insurance in Bailey County.

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Car Insurance in Texas

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Bailey County Housing

Just like the rest of Texas, where most homes are owner-occupied, Bailey County's 2,789 housing unit market is divided between homeowners and renters 3 to 1. The surrounding counties are mostly made up of owner-occupied homes too, with Cochan County leading the way with over 78% homeownership, and Parmer County closing in last, with a ratio of 2 homeowners to 1 renter.

An estimated 525 homes in Bailey County are reportedly experiencing severe housing problems as a result of high housing costs, congestion, a lack of plumbing, or kitchen issues.

Housing Insurance Analysis:

  1. Bailey County has almost 3 thousand housing units that require insurance coverage. At the very least, all of them should have Homeowner coverage to protect the property's owners from loss or damage.

  2. The landlords of the 700 plus rental units in Bailey County should carry Landlord Insurance, which covers their property as well as from potential tenant liability claims.

  3. Tenants should consider getting Renters Insurance to protect their possessions from potential loss or damage. Renters' insurance typically protects tenants' belongings from theft and damage caused by fire, smoke, water, and vandalism. Some Bailey County property owners may require Renter's insurance as a condition of the lease.

Contact a Property & Casualty (P&C) insurance agent licensed in the state of Texas for a free consultation and advice about “Housing Insurance (“Homeowners and Renters”)" in Bailey County.

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Residential Insurance in Texas

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Bailey County Health

Although not the worst when being compared to its neighbors concerning health insurance coverage, Bailey County posts much higher uninsured numbers compared with the average across Texas. Nearly 1 out of 4 adults and approximately 18% of all children in Bailey County do not have health insurance.

Cochran County has the highest adult uninsured rate among the neighboring counties at almost 29%, while Lamb County has the lowest, with approximately 27% of adults uninsured. Gaines County has the highest uninsured adult rate in Texas, at nearly 36%, while Loving County has the lowest rate, at close to 11%.

More than 1 in 4 adults in Bailey County reports health problems.

Nearly 19% of Bailey County residents do not engage in physical activity and close to 26% of Bailey County residents are considered obese (with BMI 30 or more), which is lower than the Texas average of over 31%. Lamb County has the lowest obesity rate among neighboring counties, with approximately 25% of the residents, while Parmer County leads the way with over 37% of adults who are considered obese.

At least 1 health insurer in Bailey County offers affordable and frequently subsidized ACA health insurance, on and off the state marketplace.

Health Insurance Analysis:

  1. Health insurance is the most important type of insurance, and nearly 2 thousand Bailey County residents do not have it.

  2. Texas is one of the states that allows multiple types of health insurance and supplemental products, making it easier for residents to obtain coverage: Marketplace ACA health insurance, various types of short-term insurance (up to three years in coverage), hospital indemnity, accident and health, and so on.

  3. If health insurance is not obtained due to high cost, low-income residents should apply for government subsidies, which can significantly reduce the cost of insurance. If you do not have any pre-existing conditions, short-term insurance may be an option for you. (Note: Some Texas short-term insurers may offer coverage for pre-existing conditions after a year or more of continuous coverage).

Contact a health insurance agent licensed in the state of Texas to go over your medical insurance needs and possible solutions in Bailey County.

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Health Insurance in Texas

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Bailey County Mortality and the End of Life Statistics

Bailey County residents have a life expectancy of around 79.1 years, which is very similar to Texas' average of 79.2. Bailey County also has the longest life expectancy among neighboring counties, while Lamb County has the shortest with nearly 76.2 years. Presidio County has the highest life expectancy in the state of Texas, at 88.8, while Donley County has the lowest, at 72.8 years old.

In 2022, Bailey County's senior population was estimated at nearly a thousand people, aged 65 and older.

Life Insurance Facts:

  1. In 2021, 48% of Americans did not have any type of active life insurance policy.

  2. Life insurance premiums are calculated based on the insured's age at the start of the policy. The younger you are when you purchase it, the less you will pay in premiums over the life of the policy.

Motor Vehicle Fatalities in Bailey County

In Bailey County, motor vehicle fatalities occur at an average rate of 34.33 per 100,000 vehicles on the road. This equates to almost 2 fatalities per year.

In 2020, Bailey County reported 2 crashes, with a resultant 2 fatalities. Alcohol is determined to be the primary cause of fatal crashes in Bailey County with approximately 30% of all driving fatalities.

Final Expenses – Bailey County Funeral Home Cost

Funeral costs in and around Bailey County vary greatly. The average funeral cost in Bailey County is reported to be almost $8,800, making it the most expensive in the surrounding area. Lamb County has an average funeral cost of more than $5,000

Life Insurance Analysis:

  1. With 46% of Americans dying with less than $10,000 in assets, the expense of a simple funeral can be an issue, putting an unwanted and often terrible strain on family and friends. Rather than grieving their loss, the family must focus on figuring out how to pay.

  2. Aside from the costs of burial, the departed frequently leave behind taxes and other debts for the family to deal with.

  3. Term Life Insurance and Final Expense Insurance are the most commonly utilized life insurance policies to cover "final expenses" up to $50,000.

  4. Variations of Term Life Insurance and Whole Life Insurance, particularly Indexed Universal Life (IUL) insurance and Final Expense insurance, are the most often utilized life insurance products to leave money to the family.

Contact a life insurance agent licensed in the state of Texas for consultation and advice about life insurance in Bailey County.

Texas Insurance, Life Insurance, Term Life vs. Cash Value Insurance

Life Insurance in Texas

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