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Collin County

Driving in Collin County

Collin County's roadways are home to an estimated 862,667 private and commercial vehicles. This figure represents about 4% of all vehicles registered in Texas.

About 81% of drivers in Collin County drive themselves to work, with more than half of those trips lasting over 30 minutes.

It is believed that 20% of Texas drivers are uninsured, with 173,000 vehicles uninsured in Collin County alone.

Auto Insurance Analysis:

  1. Collin County has over 900,000 automobiles registered, all of which require insurance coverage. The type of insurance depends on the type of vehicle and its purpose. It can vary from: Private Auto, Commercial Auto, Auto Liability, Commercial Transportation Inland Marine, etc.

  2. One of the reasons why Collin County's auto premiums are greater than those in less densely populated counties is the fact that over 560,000 people commute every day. The more vehicles on the roads raises the chances of an accident; and as risk rises, premium prices rise as well.

  3. Approximately 330,000 Collin County vehicles suffer from long daily commutes which increases the cost of auto insurance as the amount of time a driver spends on the road increases the chance of a possible car accident.

  4. Uninsured Driver Coverage is becoming increasingly critical in Texas, where one out of every five drivers is uninsured. Uninsured and underinsured motorist coverage costs Texans over $900 million per year.

Contact a Texas-licensed Property & Casualty (P&C) insurance agent to discuss your auto insurance in Collin County.

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Car Insurance in Texas

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Collin County Housing

Collin County's 432,630 housing units are largely owner-occupied, similar to the rest of Texas. Among the adjacent counties which are mostly owner-occupied, Rockwall County is leading the way with about 82%. While Dallas County’s housing units are split almost evenly between homeowners-occupied and rental units.

1 in every 8 housing units in Collin County experiences severe housing problems such as high housing cost, overcrowding, lack of plumbing, or issues with the kitchen.

Housing Insurance Analysis:

  1. Collin County has over 400,000 housing units that require insurance coverage. At the very least, they should all carry Homeowners or Condo insurance to protect the property's owners from loss or damage.

  2. With approximately 150,000 rental units in Collin County, landlords are encouraged to purchase Landlord Insurance, to protect the property as well as the landlord from potential liability claims brought by renters.

  3. To protect their things from probable damage or loss, tenants are advised to purchase Renters Insurance coverage. Theft and damage caused by fire, smoke, water, and vandalism are normally covered by standard renters' insurance. Some Collin County landlords may make renters insurance a requirement of the lease.

  4. Collin County is located inside the famous Tornado Alley and Dixie Alley in the United States, making it vulnerable to the damages of a stray tornado. Every resident must be familiar and knowledgeable of all the precautionary measures set by their local governments. During the warmer months of March, April, and May, the chances of a tornado in Collin County are the highest. Due to this, it is advisable for homeowners, landlords and renters in the county to acquire the necessary insurance policies against loss and damage.

A Texas-licensed Property & Casualty (P&C) insurance agent can help you with your home insurance needs.

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Residential Insurance in Texas

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Collin County Health

Collin County has the lowest uninsured percentage among its neighboring counties, with more than 1 out of every 7 adults and only 8% of children lacking health insurance. Dallas County has the highest adult uninsured rate among nearby counties, at over 25%. Gaines County has the highest number of uninsured adults in Texas, at nearly 36 percent, while Loving County has the lowest rate, at only 11.4 percent. In Texas, the average adult uninsured rate in 2021 was roughly 20.7%.

More than 1 in every 7 adults in Collin County has reported problems with health. This equates to more than 110,000 people.

20% of Collin County residents do not engage in any form of physical activity. The county has the lowest obesity rate (around 25%) among the surrounding counties, lower than the Texas average of 31.4%. Among the neighboring counties, the highest rate of obesity - of almost 40%, is observed in Kaufman and Johnson Counties.

Collin County has at least 6 health insurers that offer ACA health insurance that is both affordable and regularly subsidized, both on and off the state exchange.

Health Insurance Analysis:

  1. The most crucial insurance coverage is health insurance, and about 123,000 people in Collin County do not have it.

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

  3. Low income consumers are advised to apply for government subsidies that will substantially lower the cost of insurance. Short term insurance could also be a good option.

Contact a health insurance agent licensed in the state of Texas for a consultation and guidance on health insurance in Collin 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).
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Health Insurance in Texas

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Collin County Mortality and the End of Life Statistics

Life expectancy for the residents of Collin County is around 82.7 years old, which is over 3 years higher than the Texas average of 79.2 years old.

Just like Collin County, Denton County shows longer life spans, adding more than 3 years on Texas average and on top of Fannin County, with an average life expectancy of 75.4 years old.

Comparatively, Rockwall County has also the third-highest life expectancy among the neighboring counties, with an average lifespan of 80.5 years old, followed by Dallas County with 79.1 years old, while Grayson County and Hunt County come with the lowest life expectancy among the neighboring counties with over 76.1 and 76.4 years (respectively). As of 2022, Collin County has an estimated 124,802 senior (65 and older) residents on record.

Life Insurance Facts:

  1. In 2021, 48% of Americans lacked any sort of active life insurance.

  2. The cost of life insurance is significantly influenced by the age of the insured at the time of application and acceptance. Locking in the premium price at a young age is strongly recommended because it can save the insured money over the duration of the policy.

Motor Vehicle Fatalities in Collin County

In Collin County, motor vehicle fatalities occur at a rate of 6.32 per 100,000 vehicles on the road. This corresponds to at least 54.52 fatal collisions per year.

According to a report from the Texas Department of Transportation (TxDoT), Collin County recorded 58 fatal road crashes in 2020, resulting in the deaths of 65 persons. Several factors contribute to these incidents, including the high traffic volume in the area and 29% of these fatalities are related to consumption of alcoholic beverages while driving.

Final Expenses — Collin County Funeral Home Cost

In different counties, funeral costs vary depending on factors such as transportation of remains, casket cost, and the type of service chosen. Collin County, Texas, has the highest funeral cost around its neighboring county. Inside the county, the funeral expenditures are expected to be $10,000 in 2022, which is above the state average of $6,700 in that same year.

Life Insurance Analysis:

  1. Statistics show that 46% of U.S citizens die having less than $10,000 in_ their bank accounts, which means that affording the burial may become a problem for the family. This imposes an unneeded strain on the deceased's relatives, causing them to spend more time worrying about paying funeral expenses over grieving their loss.

  2. Other than burial expenses, the departed frequently leave their family with unpaid taxes and other debt.

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

  4. Term Life Insurance and Whole Life insurance, especially Indexed Universal Life (IUL) insurance and Final Expense, are the most widely used life insurance policies to leave money to the family.

For a consultation and advice about life insurance in Collin County, contact a Texas-licensed life insurance agent.

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.
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Life Insurance in Texas

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