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Fannin County

Driving in Fannin County

Fannin County highways are home to approximately 28,614 registered private and commercial vehicles, which represents around 0.12% of all automobiles throughout the state of Texas.

Adults driving alone to work make up 80% of the commuters in Fannin County, and more than half of them take the long drive of more than 30 minutes daily.

With an uninsured rate of 20% in the whole state, Fannin County has nearly 6,000 vehicles that may not have any type of coverage.

Auto Insurance Analysis:

  1. There are over 28 thousand vehicles registered in Fannin County that need insurance coverage. Insurance policies like Private Auto, Commercial or Farm Auto, Comprehensive Coverage, Commercial Transportation, Inland Marine, etc., may be required depending on the type of vehicle and its use. Auto Liability coverage is required for all vehicles on the road.

  2. As more drivers spend longer time on the road, the cost of insurance increases. Fannin County has more than 10 thousand adults doing long drives every day, making them vulnerable to car crashes.

  3. Uninsured Driver Coverage is highly important since 1 out of 5 drivers in Texas is uninsured. Texans spend about $900 million yearly on Uninsured and Underinsured Auto Coverage.

For auto insurance information in Fannin County, contact a Property & Casualty (P&C) insurance agent licensed in the state of Texas.

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Car Insurance in Texas

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Fannin County Housing

Fannin County has ≈14,741 housing units, of which 73% are owner-occupied and 27% are for rent. Compared with the majority of Texas’ rate of 62%, Fannin County has more owner-occupied homes. Among its neighbors, the county with the highest percentage of dwellings occupied by its owners is Delta County with 78%, while Lamar County has the lowest with 64% owners and 36% tenants.

Problems encountered by 1 in 8 homes in Fannin County include overcrowding, plumbing, and kitchen issues. Almost 50% of the household income is spent on housing expenditures by about 10% of Fannin County residents.

Housing Insurance Analysis:

  1. There are more than 14 thousand houses in Fannin County that need insurance coverage. Homeowners, Condo Insurance, and/or Business Property Insurance for apartment complexes are usually obtained by the owners to secure their housing investment from financial losses.

  2. Fannin County has almost 4 thousand rental units, and the owners of these can get Landlord Insurance. This also covers liability claims that the tenants might make, aside from the coverage of the property itself.

  3. Tenants in Fannin County can obtain Renters Insurance for the protection of their belongings from theft or damages caused by fire, water, or vandalism. Average renters’ insurance is affordable and some landlords include this in the lease conditions.

For consultation and advice about Homeowners, Renters, Condo, Flood, and other types of insurance in Fannin 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 and generally does not charge additional costs on top of the insurance policy.

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Residential Insurance in Texas

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Fannin County Health

Around 21.5% of Fannin County residents under the age of 65 and 12% of the children are uninsured. Grayson and Lamar Counties are both barely under22% uninsured rate, which is the highest figure among the peer counties. Meanwhile Collin County has the lowest rate in the area, at under 13%. In the entire Texas state, Gaines County records the most uninsured residents at 36% and Loving County has the least at closer to 11%. As of 2021, the average rate of Texans without health insurance was 20.7%.

About 1 out of 5 adults (around 5,800 residents) in Fannin County experience health problems.

25% of Fannin County residents lack the necessary physical activities, which is probably the reason why 32% of its population are considered obese (with BMI of 30 or more) — a percentage that is slightly higher than the Texas average rate of 31.4%. Among the surrounding counties, Hunt County tops this category with 39% and Collin County records the lowest at 25%.

Fannin County has at least 1 health insurer offering affordable and frequently subsidized ACA health insurance, on and off the state marketplace.

Health Insurance Analysis:

  1. Out of all the different kinds of insurances, health insurance is the most essential, and Fannin County has more than 6 thousand residents that are uninsured or have limited coverage.

  2. Texas is among the states where different types of health insurance and supplemental products are allowed for sale to meet the medical needs and financial capacities of every Texan. These health insurance choices are available in Texas: Marketplace ACA health insurance, Various types of Short-term insurance (up to 3 years in coverage), Hospital indemnity, Accident & Health, etc.

  3. Government subsidies are available for low-income consumers who cannot afford the costs of health insurance.

  4. If you have no pre-existing conditions, Short Term Insurance is an economical alternative. (*There are multi-year short term health insurances in Texas that cover some pre-existing conditions after being insured for a year or more.)

Discuss your health insurance needs with a state-licensed Texas health insurance professional with access to a variety of health insurance options available in Fannin County.

A Texas health 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, and generally does not charge additional costs for services. (agent’s service is paid by the insurer)

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Health Insurance in Texas

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Fannin County Mortality and the End of Life Statistics

The average life expectancy in Fannin County is 75.4 years, lower than Texas’ average of 79.2 years. While Collin County has the longest lifespan (of 82.7 years) among the neighboring counties, Delta County has the shortest, at 74.6 years. Statewide, Presidio County has the highest average at 88.8 years and Donley County reports the lowest life expectancy at 72.8 years.

In 2022, Fannin County had nearly 7,000 senior residents, aged 65 years and older.

Life Insurance Facts:

  1. In 2021 48% of Americans did not have life insurance of any type.

  2. Life insurance premiums depend on the age of the insured. The younger the potential policyholder is, the lower the premium rates over the course of the policy.

Motor Vehicle Fatalities in Fannin County

Motor vehicle fatalities in Fannin County occur at a rate of 29.95 per 100,000 vehicles on the road: approximately 9 fatal accidents per year.

In 2020, the Texas Department of Transportation (TxDoT) reported 449 accidents with 8 fatalities in Fannin County. Almost 30% of deaths on the roads of Fannin County are caused by people driving under the influence of alcohol.

Final Expenses – Fannin County Funeral Home Cost

Fannin County’s average funeral cost is around $6,100 which is close to Texas’ average of $6,200. In the surrounding counties, the highest funeral expense average of almost $10,000 is in Collin County, while the lowest is in Hunt County at $5,700.

Life Insurance Analysis:

  1. Approximately 46% of Americans die with less than $10,000 in savings. With this, Fannin County has over three thousand senior residents who may leave behind financial issues to their family when they pass away. Instead of grieving, the bereaved family may become preoccupied in finding a means to pay for the funeral home costs left by the deceased. (Note: When funeral expenses are charged to life insurance, some funeral homes require that the policy is “assignable”.)

  2. Aside from burial expenses, the deceased often leave unpaid taxes and debts, which the family will have to take care of.

  3. Among the commonly used life insurances that cover the final expenses up to $50,000 are Term Life Insurance and Final Expense Insurance.

  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 Life, Indexed Universal Life, and others.

Discuss your life insurance needs in Fannin County with a knowledgeable licensed Texas insurance professional with access to multiple insurers and types of plans.

An insurance agent assesses your needs and restrictions, presents all locally available plans that fit your needs, and all available options of coverage, explains how the differences between the options affect you once you start using each insurance product, and guides you through the application process.

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

Life Insurance in Texas

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