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Colorado County

Driving in Colorado County

Roughly 17,081 personal, commercial, and farm vehicles call the rural roads of Colorado County their home, and this number represents around 0.07% of all registered automobiles in Texas.

Over 4 out of 5 adult drivers in Colorado County commute to their place of work by themselves, 5 days a week, and roughly 30% of those trips to and from work take at least half an hour to complete.

Research suggests that 20% of all vehicle owners in Texas are uninsured, and this means almost 3,500 vehicles in Colorado County may not have auto insurance.

Auto Insurance Analysis:

  1. Auto insurance for over 17 thousand registered vehicles in Colorado County is a must. Gap Coverage, Ride-Sharing Coverage, Comprehensive Auto, and Commercial or Farm Transportation are only a few of the options that car owners can choose from depending on what vehicles they own and how they utilize them.

  2. All Texas vehicles must have at least Liability Coverage as mandated by law. This would cover the costs for the repair of the other driver’s vehicle and/or hospital bills if you were proven to be at fault for the accident.

  3. More importance is gradually being given to Uninsured Driver Coverage since 20% of the drivers in Texas don’t have auto insurance. Texans spend a total of almost $900 million every year for Uninsured and Underinsured Auto Coverage costs.

  4. The majority of the roads in Colorado County are rural, and rural roads typically generate less traffic which means there is a much smaller chance of a vehicular accident occurring. However, rural areas are more prone to animals getting in the way of moving cars. The majority of crashes into animals in Texas peak twice a day: 5-8 AM, and predominantly 6 PM to midnight. The highest potential of a collision with a deer is in November. Due to this fact, Colorado County vehicle owners usually take out Comprehensive Auto Coverage, which helps with the cost of repairing the car after hitting an animal. Take note that Liability Coverage does not cover this type of incident.

  5. Animal-vehicle collisions (AVCs) make up 5% of all U.S.-reported motor vehicle collisions annually.

To get auto insurance advice in Colorado County, contact an experienced Property & Casualty (P&C) insurance agent licensed in the state of Texas.

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Car Insurance in Texas

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Colorado County Housing

Approximately 82% of Colorado County’s 10,937 homes are inhabited by the owners themselves, with the remaining 18% for rent to tenants. The division of Colorado County’s housing market is similar to the rest of Texas, where most (62%) properties are owner-occupied.

Colorado County has the highest percentage in this category, followed by Fayette County with 81.6%. Wharton County has the lowest owner-occupied rate (66.9%) — this means that a third of the properties in Wharton County are inhabited by renters.

Approximately 10% of the homes in Colorado County experience various housing issues like overcrowding, substandard plumbing, or kitchen problems. In nearly 15% of homes, residents allocate 50% of their income on housing.

Housing Insurance Analysis:

  1. Almost 11 thousand homes in Colorado County need insurance coverage, and all owners of these properties should have at least Homeowners, Condo insurance, and/or Business property insurance (for apartment complexes) to protect the properties from damage or even loss.

  2. Landlords of the nearly 2 thousand housing units in Colorado County listed for rent, purchase Landlord Insurance, which covers the property and possible liability claims coming from the tenants.

  3. Tenants, on the other hand, obtain Renters Insurance to protect their belongings from damage or loss. This type of coverage is usually affordable, and it covers the tenant's property from theft and damages caused by fire, smoke, water, and vandalism. Landlords in Colorado County may include Renters Insurance in the lease.

Contact a Property & Casualty (P&C) insurance agent licensed in the state of Texas for advice and consultation about Homeowners, Renters, Flood, Condo, and other kinds of home insurance in Colorado County.

A Texas P&C Insurance Agent:

  • analyzes what you need and what your restrictions are,
  • researches the right plans that will address your needs,
  • provides you with the available options of coverage,
  • highlights the differences of the options’ effects once you start using each insurance product
  • helps with the application process
  • does not affect your cost of insurance (Agent’s service is usually paid by the insurer)
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Residential Insurance in Texas

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Colorado County Health

In Colorado County, 25% (including children) do not have proper health insurance coverage — a significantly higher percentage compared to the majority of Texas (≈21%).

Colorado County ranks 2nd-worst in this category when compared to its neighboring counties, while Wharton County has the highest figure at 26%. At the bottom of this list is Lavaca County, with only 19% of its population not having proper health insurance coverage.

As of 2021, the average adult uninsured rate in Texas was approximately 20.7%, and around 1 out of 5 residents of Colorado County had health problems (3,653 individuals).

Almost 1 out of 3 Colorado County residents does not exercise, which leads to a 25% obesity rate (with a BMI of 30 or more) in the county. Lavaca County has the highest percentage in this category at 40%, while Fayette County has the lowest figure at 24%.

There is 1 health insurer in Colorado County that offers affordable and frequently subsidized ACA health insurance on and off the state marketplace.

Health Insurance Analysis:

  1. Health insurance is considered the most important kind, but despite this fact, more than 4 thousand residents of Colorado County lack proper coverage.

  2. The sale of multiple types of health insurance and supplemental products is permitted in Texas, which makes the shopping process for the best coverage that fits your specific needs (both medically and financially) much easier. Texans can get coverage through Group or Individual Marketplace ACA health insurance, Various types of Short-term insurance (up to 3 years in coverage), Hospital Indemnity, Accident & Health, etc.

  3. Residents who cannot afford health insurance coverage can apply for government subsidies which usually bring down the total costs of insurance for the insured.

  4. Short-term Insurance is another way to save money if you do not have any pre-existing conditions. (If you have had your policy for a year or more, pre-existing conditions may be covered by some Texas multi-year short-term health insurance.)

Discuss your health insurance needs with a state-licensed Texas health insurance professional to go over your best health insurance options in Colorado County.

A Texas Health Insurance Agent:

  • analyzes what you need and what your restrictions are,
  • researches the right plans that will address your needs,
  • provides you with the available options of coverage,
  • highlights the differences of the options’ effects once you start using each insurance product
  • helps 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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Colorado County Mortality and the End of Life Statistics

The residents of Colorado County have an average life expectancy of 77.5 years, which is a couple of years shorter than the Texas average (≈79.2). Among the neighboring counties, Fayette County and Lavaca County lead the group with life expectancy averages of 79.4 and 79.2, respectively. On the other end of the spectrum, Jackson County has the shortest average at 76.8 years old.

In the entire state of Texas, Presidio County has the highest average at 89 years, and Donley County has the lowest life expectancy age at 73 years old.

In 2022, there were approximately 4,900 seniors (65 and older) living in Colorado County.

Life Insurance Facts:

  1. Approximately 48% of Americans did not own any kind of life insurance coverage, according to a study conducted in 2021.

  2. Life insurance premiums are affected by several factors, and age is among the most significant ones. That’s why individuals who take out a life insurance policy at a young age can save a considerable sum of money during the policy’s lifetime.

  3. Roughly 19% of Colorado County residents smoke. This means that the life insurance premiums of more than 2 thousand adults in this county will be significantly more costly. A smoker’s life insurance premiums are up to four times more expensive than a non-smoker's, as their life expectancy is deemed shorter.

  4. Cash Value Life Insurance (such as Whole Life, Indexed Universal Life, and others) has a cash value component, meaning that after a stated period, the policyholder can use the funds to cover insurance premiums, for emergency use, to borrow against, and even to use as tax-free income during the retirement years.

Motor Vehicle Fatalities in Colorado County

Motor vehicle fatalities in Colorado County occur at a rate of 27.83 per 100,000 vehicles on the road, averaging almost 5 fatal crashes per year.

In 2020, the Texas Department of Transportation (TxDoT) reported 602 crashes in Colorado County, which led to 10 fatalities. Around 12% of the fatal car crashes in Colorado County involved alcohol.

Final Expenses – Colorado County Funeral Home Cost

A standard funeral in Colorado County will cost a family an average of $5,100, which is significantly less expensive than the average funeral cost in Texas, at $6,200. Colorado County has the least expensive funeral cost average in its region, while Austin County has the most expensive at $6,700.

Across the state of Texas, Polk County has the highest average funeral cost at $10,900, while Kenedy County and Willacy County have the lowest average, both at around $3,200.

Life Insurance Analysis:

  1. Since 46% of Americans pass away with less than $10,000 in assets, the cost of a standard burial for more than 2 thousand Colorado County residents could fall on the shoulders of the deceased person’s friends and family. Instead of mourning their loved one’s passing, they may have to focus on figuring out how to pay for the funeral.

  2. On top of burial expenses, the deceased could possibly leave unpaid taxes and unsettled debts, which the family has to deal with.

  3. Term Life Insurance and Final Expense Insurance are the most common life insurance policy types to cover "final expenses" up to $50,000.

  4. There are different kinds of insurance policies that can help the bereaved family through financial assistance. Such life insurance policies can be Term Life Insurance and variations of Permanent Life Insurance: Whole, Indexed Universal Life, and others.

To get advice regarding life insurance in Colorado County and help lighten the load for your family - reach out to a knowledgeable Texas-licensed life insurance agent with access to multiple insurance carriers. An experienced agent can help you evaluate your needs and then offer multiple solutions to fill them.

The use of a Texas insurance agent typically does NOT incur additional costs to the insured.

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

Life Insurance in Texas

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