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Cochran County

Driving in Cochran County

Cochran County has an estimated 2,269 individual and commercial vehicles that travel the county's roadways. This figure represents approximately 0.01% of all vehicles registered in the state of Texas.

Over 78% of adult drivers in Cochran County commute to work alone and 1 out of 4 of such commuters spends over 30 minutes driving each way.

With 1 in 5 drivers in Texas uninsured, there could be more than 450 uninsured automobiles in Cochran County alone.

Auto Insurance Analysis:

  1. Insurance is required for around 2,000 registered vehicles in Cochran County. The type of insurance is determined by the classification of the vehicle, as well as its intended purpose. In Texas, there are various types of auto insurance including Private Auto, Farm Auto, Auto Liability, Inland Marine coverage, and more.

  2. Cochran County's roadways are predominantly rural. Rural roads see less traffic and hence have a lower risk of vehicle collisions. Meanwhile, animals are more likely to come in the way of moving cars in rural settings. November is statistically the month with the most deer collisions. As a result, residents of Cochran county should consider Comprehensive Auto coverage, which assists in repairing damage caused by an animal collision.

  3. Automobile insurance policies such as Uninsured Driver Coverage are important, as 20 percent of Texas drivers are uninsured. Texans now spend nearly $900 million annually on uninsured and underinsured motorist coverage.

The better option to get assistance with auto insurance in Cochran County is to contact a Property & Casualty (P&C) insurance agent licensed in the state of Texas.

Cochran County Housing

Similarly to the majority of Texas, where the majority of residences are owner-occupied, almost 1,347 homes in Cochran County are occupied by their owners. There are four times as many homes with live-in owners as there are rental units. Homeowners dominate the adjacent counties as well, with Cochran County leading the way with around 79% of owner-occupied residences and Yoakum County trailing behind with 78%. Bailey and Hockey counties, on the other hand, offer more rental units, with 26-30% of housing being leased.

In Cochran County, one in every five housing units appears to be facing significant housing issues as a result of high housing costs, overcrowding, a lack of plumbing, or kitchen concerns.

Housing Insurance Analysis:

  1. More than 1,000 residential units need to be covered by insurance. Homeowner or Condo Insurance should be acquired to protect the owners against loss or damage to their properties.

  2. Landlord insurance is strongly recommended for landlords. This coverage secures the property from the potential liability claims brought by the tenants.

  3. Tenants are advised to acquire a Renters Insurance coverage to protect their items from possible damage or loss. Theft, as well as damage caused by fire, smoke, water, and vandalism, are frequently covered by ordinary renters' insurance policies. In Cochran County, landlords frequently need renters insurance as a condition of the lease.

For consultation advice, contact a licensed Property & Casualty (P&C) insurance agent to know more about the Home Property insurance in Cochran County.

Cochran County Health

Cochran County has the highest uninsured rate (28.5%) among the adjacent counties with 3 out of 10 adults, and almost 16% of the children are uninsured. This is drastically worse than the Texas average of 20.7% and 11% (seen in 2021).

The whole area is significantly worse off (health-insurance wise) than the rest of the state. Bailey County has the second-highest uninsured rate in the area (28.1%), while Yoakum County has a 26% % uninsured rate, placing it third among the neighboring counties, Hockley County has the lowest uninsured rate with over 22%. The highest rate of uninsured in Texas is in Gaines County - at almost 36%, while the lowest is in Loving County, at closer to 11%.

Around 19% of Cochran residents do not engage in any type of physical activity, increasing the county's risk of recurring health issues. More than one in five residents of Cochran County suffer from health difficulties.

As a result, Cochran County has an obesity rate of 27%, which is one of the lowest obesity (having a BMI of over 30) rates among the surrounding counties. On the other hand, Yoakum County has the highest obesity rate of 30%, only 1% lower than the Texas average of 31.4%.

Cochran County has at least 1 insurer that offers both on and off state marketplace affordable and regularly subsidized Affordable Care Act (ACA) health insurance.

Health Insurance Analysis:

  1. Health Insurance is the most important insurance coverage to have, and about 700 people in Cochran County do not have it.

  2. Texas is one of the states that allow residents to purchase a variety of health insurance and supplemental products, making it easier for them to get coverage (both medically and financially): ACA Marketplace health insurance, Various types of Short-term insurance (up to 3 years in coverage), Hospital Indemnity, Accident & Health, and so on.

  3. If health insurance is not obtained because it is too expensive, low-income consumers should apply for government subsidies, which can significantly reduce the cost of insurance.

  4. If you do not have any pre-existing conditions, Short term insurance may be an option for you. (* After a year or more of coverage, certain pre-existing conditions may be covered under certain Texas multi-year short term health insurance plans.)

Speak to a state-licensed health insurance agent in Texas for a consultation and assistance on the different health insurance choices available in Cochran County.

A Texas Health Insurance Agent:

  • analyzes your needs and restrictions,
  • gathers information on the locally available plans that suit your needs,
  • provides you with the available options of coverage,
  • explains how the variations between the options affect you once you begin using each type of insurance
  • assists you with the application process
  • does not affect your cost of insurance. (agent’s service is paid by the insurer)

Cochran County Mortality and the End of Life Statistics

The average life expectancy in Cochran County is 76.9 years, which is lower compared to 79.2 years throughout Texas. With a life expectancy of 79.1 years, Bailey County has the greatest life expectancy of the adjacent counties, being two years ahead of the Cochran County average life span. Trailing next to Bailey County is Yoakum County, with a life expectancy of 78.2 years, placing Hockley County next with a lower average life expectancy of 76.4 years.

In 2022, Cochran County had approximately 500 residents aged 65 and up.

Facts of Life Insurance:

  1. In 2021, 48% of the American population did not have a life insurance.

  2. Life insurance Premiums are computed based on the age of the person insured at the time of the policy's inception. You will save more money over the course of the term if you buy or get it when you are younger.

Motor Vehicle Fatalities in Cochran County

Cochran County is one of the safest counties when it comes to motor vehicle accidents.

In 2020, the Texas Department of Transportation (TxDoT) reported over 25 crashes in Cochran County, with 0 fatalities.

Final Expenses – Cochran County Funeral Home Cost

The cost of a funeral in Cochran County varies substantially. The average funeral cost in the County is about $3,400. With an average funeral cost of over $6,000, Hockley County has the highest average funeral cost among the neighboring counties, which is almost similar to Texas average cost of about $6,200. On the other hand, Bailey County and Yoakum County funeral costs range from over $5,000 to $6,000.

Life Insurance Analysis:

  1. Funeral cost can be a concern for 46% of Americans dying with savings less than $10,000.Cochran County senior residents may be putting an unnecessary and often unpleasing strain and financial burden on family and friends. Rather than grieving, the family must concentrate on determining how to pay. (Note: If using life insurance as payment for the funeral services, most funeral homes require the policy to be “assignable”).

  2. Aside from burial costs, the deceased typically leave their loved ones to deal with any unpaid taxes or financial obligations.

  3. Term Life and Final Expense insurance are the most common life insurance policies for paying "final expenses" up to $50,000.

  4. Various types of Term and Whole life insurance, particularly Indexed Universal Life (IUL) and Final Expense insurance, are the most commonly used life insurance products to leave money to the family.

Speak with a life insurance agent licensed in the state of Texas, to discuss your life insurance needs in Cochran County.

A Texas Life Insurance Agent:

  • analyzes your needs and restrictions,
  • researches the available plans in your area that meet your needs,
  • provides you with information about the various types of coverage available,
  • discusses how the distinctions between available choices influence you once you begin using each type of insurance, and
  • assists you through the application process

The use of a Texas insurance agent has no extra cost to the policyholder.