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Franklin County

Driving in Franklin County

About 8,517 private and commercial vehicles are registered in Franklin County, which accounts for approximately 0.04% of all vehicles registered in Texas.

Over 82% of Franklin County drivers commute to work alone, with nearly 2 out of 5 of them taking long drives of more than 30 minutes.

With the prevailing uninsured rate of Texas drivers at 20%, almost 2 thousand vehicles in Franklin County could be uninsured.

Auto Insurance Analysis:

  1. There are over 8 thousand vehicles registered in Franklin County that need auto insurance coverage. Various forms of insurance policies depend on the type and use of vehicles, like Private Auto, Farm or Commercial Auto, Comprehensive Coverage, Farm or Commercial Transportation, Inland Marine, etc. Meanwhile, all vehicles in Texas are required to have Auto Liability.

  2. In Texas, 1 out of 5 drivers is uninsured. This makes the Uninsured Driver Coverage ever more important. Texans spend almost $900 million yearly on Uninsured and Underinsured Auto Coverage.

  3. More than half of Franklin County is rural, and roads in rural areas have less traffic and less potential for vehicular collisions. However, vehicles going through rural roads are more prone to Animal-Vehicle Collisions (AVCs). 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, Franklin County residents should consider 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.

Contact a Property & Casualty (P&C) insurance agent licensed in the state of Texas to discuss your auto insurance in Franklin County.

Franklin County Housing

Of the approximately 5,888 housing units in Franklin County, 79% are occupied by the owners themselves and 21% by renters. The state average is 62% owners and 38% renters. Among the neighboring counties, Wood County’s real estate is owner-occupied at over 80%, Titus County offers the most (33%) of its real estate for rent in the area.

About 17% of Franklin County residences have housing problems, overcrowding, issues with plumbing, and other kitchen issues. Approximately, 15% of homeowners spend over 50% of their household income on housing expenditures.

Housing Insurance Analysis:

  1. Almost 6 thousand houses in Franklin County need insurance coverage that will protect their investment from loss or damage. Homeowners, Condo insurance, and/or Business property insurance (for apartment complexes) are some of the minimum insurance policies that could address the need for the protection of properties.

  2. Over 1,200 housing units in Franklin County are rentals and should be covered by Landlord Insurance. This insurance particularly covers not only the property itself but also the possible claims that the tenants might demand.

  3. While tenants are encouraged to obtain Renters Insurance, some landlords include this in the conditions for lease. The cost of average renters’ insurance is usually inexpensive and covers the tenants’ belongings from loss or theft or property damages caused by fire, smoke, water, and vandalism.

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

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 does not charge additional costs on top of the insurance policy.

Franklin County Health

In Franklin County, about 17% of the adults under 65 do not have the proper health insurance. This compares to around 21% average across Texas. Franklin County has the lowest uninsured rate among its peer counties, while Titus County has the highest at 25%. In the entire state, Gaines County tops the charts with 36% of its residents uninsured. Loving County falls last with 11%.

Over 1,400 residents, or about 1 in 6 adults in Franklin County report problems with health.

About 24% of Franklin County population do not engage in physical exercise activities, which probably rendered 30% of the residents obese. Among the neighboring counties, Red River County recorded the highest obesity rate at 40% and Camp County the lowest at 21%. Texas’ average percentage of people having a BMI of 30 or more is 31.4%.

At least 2 health insurers in Franklin County offer affordable and frequently subsidized ACA health insurance, on and off the state marketplace.

Health Insurance Analysis:

  1. Of all other insurance plans, health insurance is the most important, and yet there are almost 1,500 residents in Franklin County who do not have this particular insurance or have limited coverage.

  2. Texas is one of the states that allows purchase of multiple types of health insurance and supplemental health insurance. Depending on their financial and medical needs, Franklin County residents can choose among insurance policies such as: Group and Individual Marketplace ACA health insurance, various types of Short-term insurance (up to 3 years in coverage), Hospital Indemnity, Accident & Health, etc.

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

  4. For those who have no pre-existing conditions, Short-term health Insurance is an economical alternative. (*There are multi-year short-term health insurance plans in Texas that cover certain pre-existing conditions after being insured for a year or more.)

Talk about your insurance needs with a knowledgeable state-licensed Texas health insurance professional with access to different health insurance choices available in Franklin County.

A Texas health insurance agent hears your needs and restrictions, explores the locally available plans that fit your needs, presents the available options of coverage, explains the differences between the options that affect you once covered, and assists and guides you through the application process.

Franklin County Mortality and the End of Life Statistics

Franklin County residents have an average life span of 78.1 years. This is slightly shorter than Texas’ average of 79.2 years but is the longest life span among the neighboring counties. Red River County has the shortest life expectancy with 74.2 years. Statewide, Presidio County holds the highest average length of life among its residents, at 88.8 years old, and Donley County -the lowest (72.8).

In 2022, nearly 2,400 seniors (65 or older) resided in Franklin County.

Life Insurance Facts:

  1. In 2022, 47% of Americans did not have an active life insurance policy of any type.

  2. Among other factors, the age of the intended insured policy-owner matters in the computation of the premiums. Getting insurance policies at a younger age could allow the insured to save a significant sum over the course of the policy.

Motor Vehicle Fatalities in Franklin County

Fatalities due to vehicular accidents occur in Franklin County at a rate of 24.07 per 100,000 vehicles on the road. This accounts for approximately 2 fatal crashes in a year.

In 2020, the Texas Department of Transportation (TxDoT) reported over 166 crashes with 2 resultant deaths in Franklin County. About 29% of all driving fatalities are caused by drunk drivers.

Final Expenses – Franklin County Funeral Home Cost

Traditional funeral expenses in and around Franklin County range from $4,900 to $6,600. The average price of a funeral in Franklin County is about $5,700. This is lower than the $6,200 average across Texas. Among the surrounding counties, Hopkins County has the highest average funeral costs at approximately $6,600, and Red River County has the lowest average at closer to $5,000. These prices usually include the basic service fees, casket, embalming, transportation, viewing, and burial.

Compared with the rest of Texas, Polk County has the highest average funeral cost at around $10,900, while Kenedy and Willacy Counties have the most affordable average, both closer to $3,200.

Life Insurance Analysis:

  1. More or less 46% of Americans die with savings of less than $10,000. This means that some senior residents of Franklin County could leave behind financial burdens to their family and friends upon their deaths. Instead of mourning, the bereaved frequently need to figure out how to pay for the funeral in a hurry. (Note: If payment for the funeral service would be through senior life insurance, the policy should be “assignable,” as required by most funeral homes.)

  2. Aside from the burial costs, the deceased could also leave behind payables like debts and taxes, which the family will have to take care of.

  3. Term Life Insurance and Final Expense Insurance are the commonly used life insurance policies that cover “final expenses” up to $50,000.

  4. Term Life Insurance and the variations of Permanent Life Insurance: Whole Life, Indexed Universal Life, etc., are among the usual life insurance plans that can provide financial assistance to the bereaved families.

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