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Cottle County

Driving in Cottle County

Cottle County has an estimated 1,070 registered vehicles for both commercial and private use.

About 69% of adult drivers in Cottle County commute to work alone, and less than half of those commutes last for over 30 minutes.

Approximately 20% of adult drivers in Texas are uninsured, which translates to possibly over 200 uninsured and underinsured vehicles in Cottle County alone.

Auto Insurance Analysis:

  1. Cottle County has over 1,000 registered vehicles that need some type of insurance coverage. The mandated auto insurance may be: Auto Liability, Private Auto, Commercial Auto, Commercial Transportation Inland Marine, etc. It all depends on the type of a vehicle and its use.

  2. More than half of adult drivers in Cottle County commute to work alone. However, auto premium cost tends to be lower because of the county’s sparse population. Compared to more heavily populated counties, Cottle County has a lower risk of car accidents because more vehicles on the road increase the possibility of a potential vehicular accident. If the risk is lower, so is the cost of insurance.

  3. The longer daily commute of Cottle County is recorded to be nearly 18%, which is much lower than the Texas average of over 39%. Additionally, Cottle County’s very low population means that there are less vehicles on the road, which lowers the risk of a possible car accident.

  4. The Uninsured Driver Coverage becomes increasingly important in Texas because 1 in 5 of the drivers are still uninsured. An estimated $900 million are spent by Texans annually for Uninsured and Underinsured Auto Coverage.

If you need further guidance and advice regarding auto insurance in Cottle County, contact a licensed Texas Property & Casualty (P&C) insurance agent.

Cottle County Housing

Majority of the housing units in Texas are Homeowner-occupied but in a sparsely populated Cottle County, the approximately 940 housing units are split almost evenly between Homeowners (55%) and Renters (54%). Most of its neighboring counties however are largely occupied by live-in homeowners, with Foard County having the highest homeownership rate of 83%. In King County two-thirds (over 66%) of the housing market is occupied by renters.

Approximately 1 in 10 housing units in Cottle County experiences severe housing problems such as overcrowding, plumbing issues and poor kitchen conditions. About 9% of the residents spend more than 50% of their income on housing alone.

Housing Insurance Analysis:

  1. Around a thousand homes in Cottle County are in need of insurance coverage. So, homeowners are advised to secure Homeowners or Condo insurance to ensure the protection of the owner’s property against damage or loss.

  2. Nearly half of all the housing units in Cottle County are listed as rentals, so a Landlord Insurance becomes a necessity for all those units. Landlord’s insurance serves as a protection for the property and from the possible liability claims from the tenants.

  3. Tenants are advised to obtain a Renters Insurance coverage, which serves as a protection for their belongings from possible damage or loss. The average renter’s insurance can be affordable and covers the tenant’s belongings against damages caused by third party factors such as fire, smoke, water, theft and vandalism. Landlords may also require Renters insurance as a condition for lease.

  4. Cottle County is considered a moderate risk area for tornadoes, so residents should abide by safety procedures and safeguard set in place by the local agencies in case of a disaster strike. Cottle County has hosted around 72 tornadoes since the 1950’s. The highest probability of a tornado is in the months of May and June. The inevitability of natural disaster becomes a threat to the housing properties, and residents should be aware that this risk could affect their home insurance coverage.

If you need further guidance and advice regarding Homeowners, Renters, Landlords and other types of insurance in Cottle County, contact a licensed Texas Property & Casualty (P&C) insurance agent.

Cottle County Health

Cottle County is one of the best rated among its neighbors in terms of health insurance. An estimated 22% of the adults (18 to 65 years old) and nearly 18% of the children in Cottle County do not have health insurance coverage. In comparison to its neighboring counties, Hall county showed the highest adult uninsured rate of about 30% and both King County and Cottle County recorded the lowest at around 22%. The highest uninsured rate in Texas is in Gaines County, with a rate of nearly 36%, and the lowest being Loving County at just 11.4%. The average adult uninsured rate in Texas was at 20.7% in 2021.

Nearly 3 out of 10 of the adults in Cottle County experience problems with health.

22% of the population in Cottle county do not engage in physical activities, which leads to a prevalence in obesity that affects 20% of the adult population. This obesity rate is much lower than the state’s average of 31.4%. Among Cottle County’s neighbors, Foard County records the highest prevalence of obesity at 34%, while Hall County and Cottle County both report the lowest, at 20%

Cottle County has at least 2 insurers that offer 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 an estimated 22% of the residents in Cottle County do not have it.

  2. Texas is one of the states in the US that allows the sale of multiple types of health insurance and supplemental products, which makes it easier for Texans to have more options to fit their needs. The following types of health insurance are: Various types of Short-term insurance, Marketplace ACA health insurance, Accident & Health, Hospital indemnity etc.

  3. Health insurance can be unaffordable to low income consumers, so they are encouraged to apply for government subsidies in order to reduce the cost of insurance.

  4. If you do not have pre-existing health conditions, Short term insurance may be a better alternative. (* Some Texas multi-year short term health insurance plans may cover certain pre-existing conditions after a year or more of coverage)

If you need further guidance and advice regarding health insurance needs, contact a licensed Texas health insurance agent.

Cottle County Mortality and the End of Life Statistics

Due to low population, life expectancy statistics in Cottle County fluctuate around 75 and 78 years old, which is still lower than the Texas average of 79.2 years old. Among its neighboring counties, Hall County records the highest average life expectancy of about 77.4 years old and Childress County being the lowest at around 75.5 years old.

Life Insurance Facts:

  1. An estimated 48% of Americans did not have an active life insurance policy of any type in 2021.

  2. Life insurance premiums are based on the age of the insured when the policy begins. So the younger you obtain it, the more you save in premiums over the policy period.

Final Expenses – Cottle County Funeral Home Cost

The average price of a funeral service in Cottle County is around $5,000, which is lower than the state’s average of $6,200. This covers a full service package such as basic service fees, casket, embalming, transportation, viewing and burial. Among the neighbors, Hall County records the highest cost of funeral service with an average cost of $7,990 and Cottle County, on the other hand, offers the lowest.

Life Insurance Analysis:

  1. The statistics show that 46% of Americans are dying with savings of less than $10,000, which could be placing a burden of having to pay for funeral expenses on their family and friends. So the family of the deceased must find a way to pay. (Note: If you wish to use life insurance as payment for the funeral services, most funeral homes require the policy to be “assignable”)

  2. Aside from burial costs, the deceased may be leaving other debts and taxes behind for the family to take care of.

  3. The most commonly used life insurance policies for up to $50,000 are: Term Life Insurance and Final Expense Insurance.

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

If you need further guidance and advice regarding life insurance, contact a licensed Texas life insurance agent.