Dallas County
Driving in Dallas County
An estimated 2,056,737 private and commercial vehicles call the roads of Dallas County their home. This number accounts for approximately 9% of all vehicles registered in the entire state of Texas.
Over 78% of adult drivers in Dallas County commute to work by themself, and more than half of those commutes last for over 30 minutes.
It is estimated that 20% of Texas drivers are uninsured and about 400,000 vehicles in Dallas County alone are uninsured.
Auto Insurance Analysis:
There are over 2 million vehicles registered in Dallas County that need some type of insurance coverage. Depending on the type of vehicle and its use, the required insurance may be: Private Auto, Commercial Auto, Comprehensive Coverage, Commercial Transportation, Inland Marine, etc. Liability coverage is a MUST for all vehicles on the road.
Over 1.3 million drivers commuting daily is one of the reasons why auto premium costs in Dallas County tend to be higher, compared with less densely populated counties. Everyone driving a separate vehicle means that there are more vehicles on the road, which increases the likelihood of a collision. Risk goes up, so do the premium prices.
Longer daily commute, of approximately 720,000 Dallas County residents, increases the cost of auto insurance, because it increases the amount of time a driver spends on the road, and thereby increases the chances of getting into a possible car accident.
A large percentage of Texas drivers remain uninsured, highlighting how important UM/UIM coverage can be - particularly for financed cars - given that 1 out of 5 Texans own a vehicle but do not have liability insurance for them. Texans spend nearly $900 million annually to pay for Uninsured and Underinsured Auto Coverage.
To discuss your auto insurance in Dallas County, contact a Property & Casualty (P&C) insurance agent licensed in the state of Texas.
Dallas County Housing
Unlike the majority of Texas, where the homes are mostly owner-occupied, Dallas County’s 1,069,877 housing unit market is split almost evenly between Homeowner-occupied and Renters. Almost every other residence is a rental. The neighboring counties largely consist of homes occupied by owners, with Rockwall County leading by almost 82% owner-occupied rate and less than 20% of housing listed for rent.
1 in 5 housing units in Dallas County experiences housing problems, overcrowding, lack of plumbing, or issues with the kitchen. In approximately 15% of homes, residents spend more than 50% of income on housing.
Housing Insurance Analysis:
There are over one million housing units in Dallas County that require coverage. All of these properties should have Homeowners, Condo insurance, and/or Business property insurance (for apartment complexes), to protect the underlying financial investment from possible loss or damage.
There are over 500,000 housing units in Dallas County as rentals. Landlords purchase business property (Landlord's) insurance to cover the property itself and potential liability claims from tenants and their guests.
Renters insurance Dallas: Renters purchase renters insurance coverage so they can protect their belongings from possible damage or loss due to theft and fire, smoke, water, and vandalism. Some landlords in Dallas County may require Renters insurance as a condition of tenancy.
Dallas County is located in Tornado Alley, so every resident should be aware of the procedures and safeguards set in place by the local agencies. Dallas County has experienced an average of 1 or more tornadoes out of an average of 132 tornadoes that affect the whole state of Texas every year. The highest probability of a Tornado in Dallas County is between April-May followed by October-January. As a result of this, it is advisable for homeowners, landlords and renters in the county to get appropriate insurance policies against loss and damage.
For consultation and advice about Homeowners, Renters, Condo, Flood, and other types of insurance in Dallas County, contact a Property & Casualty (P&C) insurance agent licensed in the state of Texas.
A Texas P&C Insurance Agent:
- analyzes your needs and restrictions,
- researches the locally available plans that fit your needs,
- provides you with the available options of coverage,
- explains how the differences between the options affect you once you start using each insurance product
- assists you with the application process
- does not affect your cost of insurance. (agent’s service is usually paid by the insurer)
Dallas County Health
Proper health insurance coverage rate in Dallas County is among the worst rated in the nation and the worst among its immediate neighbors. More than 1 out of 4 adults and 14% of all children in Dallas County do not have health insurance coverage. Among the neighboring counties, the next highest adult uninsured rate is in Johnson County, with over 20%. Collin County has the lowest adult uninsured rate of 13%. The highest uninsured adult rate in the state of Texas is in Gaines County, at nearly 36%, while the lowest rate is observed in Loving County at just 11.4%. As of 2021, the average adult uninsured rate in Texas was around 20.7%.
More than 1 in 5 adults in Dallas County report problems with health. That is over 443,000 people.
23% of the Dallas County population do not participate in physical exercise activities.
Around 31% of the Dallas County residents are considered obese (with BMI of 30 or more), which is lower than the Texas average of 31.4%. Among the neighboring counties, Collin County reports the lowest – at 25% of the residents, while almost 40% of adults from Kaufman and Johnson Counties may be considered obese.
At least 6 health insurers in Dallas County offer affordable and frequently subsidized ACA health insurance, on and off the state marketplace.
Health Insurance Analysis:
Health insurance coverage is the most important type of insurance and more than half a million of Dallas County residents lack this necessity.
The state of Texas allows the sale of various types of insurance plans, which makes it easier for local residents to find coverage that meets their specific needs (both medically and financially): Marketplace ACA health insurance, Hospital Indemnity, Accident & Health, Short-term health Insurance (up to 3 years in coverage), etc.
If health insurance is not being purchased due to unaffordability, low income consumers are advised to apply for government subsidies, which can substantially lower the cost of insurance.
If you do not have pre-existing conditions, Short term health insurance may provide an alternative saving path. (* Some Texas multi-year short term health insurance plans may cover certain pre-existing conditions after 1 year or more of coverage)
Discuss your health insurance needs with a state-licensed Texas health insurance professional with access to a variety of health insurance options available in Dallas County. A health insurance agent:
- Analyzes your requirements and restrictions
- Researches available local plans to suit your requirements
- Provide you with all the coverage options
- Explains how differences between options affect you once you purchase a plan (and begin using it)
- Helps complete application and makes necessary changes to policy whenever required
- Provides assistance at no cost to the insured
Dallas County Mortality and the End of Life Statistics
Average life expectancy for the residents of Dallas County is around 79.1 years old, which is very similar to the Texas average of 79.2. Among the neighboring counties, Collin County shows longer life spans, adding more than 3 years on top of Dallas County. The highest life expectancy in the state of Texas is seen in Presidio County at 88.8, and the lowest expected life span is in Donley County, at 72.8 years old.
In 2022 there were approximately 290,000 seniors (65 and older) residing in Dallas County.
Life Insurance Facts:
In 2021, 48% of Americans did not have an active life insurance policy of any type.
Life insurance premiums are based on the age of the insured when the policy begins. The younger you are when you get it, the more you save in premiums over the course of the policy.
Motor Vehicle Fatalities in Dallas County
Motor vehicle fatalities in Dallas County statistically occur at a rate of 11.07 per 100,000 vehicles on the road: approximately 227 fatal crashes per year.
In 2020, Texas Department of Transportation (TxDoT) reported over 48,000 crashes in Dallas County, with a resultant 333 fatalities. Alcohol is determined as the main factor for the fatal crashes in Dallas County in over 30% of all driving fatalities.
Final Expenses – Dallas County Funeral Home Cost
Funeral expenses in and around Dallas County vary drastically. The average price of a funeral in Dallas County is reported at almost $9,000, which is the second highest cost in the surrounding area. Among the neighbors of Dallas County, Collin county reports the highest average funeral cost of almost $10,000, while Ellis County funeral homes may be found for nearly half of this price - much closer to the state’s average of $6,200.
Life Insurance Analysis:
46% of Americans die with less than $10,000 in savings. That figure suggests that over 100,000 Dallas County senior citizens could place an undue financial burden on their loved ones upon their passing. Instead of grieving their loss, the family must concentrate on finding a way to pay. (Note: If using life insurance as payment for the funeral services, most funeral homes require the policy to be “assignable”)
Besides the burial costs, the deceased frequently leave taxes and other debt behind for the family to take care of. Life insurance is love insurance.
The most common life insurance policies used to cover final expenses up to $50k are Term Life Insurance and Final Expense Insurance.
Most popular life insurance policies used to provide funds for survivors are variations of Term Life Insurance and Cash Value insurance (Whole Life insurance, Indexed Universal Life (IUL) insurance, and Final Expense).
If you want to know more about life insurance options in Dallas County, you should speak with a state-licensed and experienced life insurance professional who has access to multiple insurers for comparison.
The use of a Texas insurance agent typically does NOT incur additional cost to the insured.
Dallas County Business
The city of Dallas is home to over 65,000 businesses, with each of them requiring some sort of insurance coverage. Some commercial insurance may be required by law, while other may be purchased by the business to mitigate possible risks.
Contact a Commercial Insurance Property and Casualty (P&C) agent licensed in Texas to discuss your business insurance needs and how they can be fulfilled at the most affordable cost to your business.
