Approximately 110,785 vehicles are registered for both commercial and private use in Grayson County. These registered vehicles account for nearly 1/200 of all listed automobiles in Texas.
Every day, nearly 80% of Grayson County drivers commute to work, with nearly 2/5 of those commutes lasting more than 30 minutes.
Over 20% of Texas vehicles are uninsured, which can mean that over 22,000 Grayson County vehicles could be uninsured.
In Texas, having car insurance (at least Liability) is required as "proof of financial responsibility," and driving without it is illegal.
Grayson County has over 100,000 registered vehicles that require auto insurance. Private automobile insurance, commercial or farm automobile insurance, auto liability insurance, commercial inland marine insurance, and other forms of insurance may be required. Auto insurance may also be affected by the type of vehicle and its intended use.
Longer daily commutes can raise auto insurance rates because they lengthen the time a driver spends behind the wheel. The longer a driver drives, the more likely they will be involved in a car accident. To summarize, the level of risk influences the cost of auto insurance.
In Texas, where one out of every five drivers is uninsured or underinsured, uninsured driver coverage is becoming increasingly important. The cost of uninsured and underinsured motorist coverage in Texas is almost $900 million per year.
If you need advice and assistance on Grayson County auto insurance, contact a Property & Casualty insurance agent who is licensed in Texas.
Grayson County's housing market of approximately 60,322 units is divided between homeowners (68%) and renters (32%), which is similar to the Texas state average. The surrounding counties are mostly made up of owner-occupied homes as well, with Fannin County leading the way with over 73% homeownership.Collin and Denton Counties, are at the bottom of the pack with around 65% homeownership rate.
Around 1 out of every 7 housing units in Grayson County is affected by overcrowding, a lack of plumbing, and/or poor kitchen conditions.
Grayson County residents should insure over 60,000 housing units. To protect the owner's property from loss or damage, all housing units should be covered by homeowner's insurance (Homeowners or Condo). Business Property insurance protects apartment complexes and condo associations.
Property owners in Grayson County, which has over 19,000 rental units, should obtain Landlord Insurance. Landlord insurance safeguards both the property and its owner against potential liability issues.
Renters insurance is typically purchased by tenants to protect their belongings from potential damage or loss. The standard Renter's Insurance policy covers theft as well as water, fire, smoke, and vandalism damage. As a condition of the lease, landlords may require renter's insurance.
For consultation and advice on Homeowners insurance or Renters insurance, contact a Grayson County Property & Casualty insurance agent who is licensed in the state of Texas.
Grayson County is one of the worst-rated counties in terms of health insurance among its neighboring counties. Uninsured adults and children account for approximately 22% of the population. This figure is higher than the state average of 20.7% (in 2021). Fannin, Cooke, and Grayson Counties rank first among neighboring counties in terms of residents without health insurance, with an uninsured rate of about 22%. Denton and Collin Counties, on the other hand, have the lowest percentage of uninsured residents at approximately 13%. In all of Texas, Gaines County has the highest rate of uninsured adults, nearing 36%, while Loving County has the lowest, around 11%.
Nearly one out of five adults in Grayson County has a health issue. Around 35% of the population is physically inactive, having contributed to a 38% obesity rate, which is significantly higher than the Texas average of 31%. Grayson County has the highest rate of obesity of any peer county. Cooke County, on the other hand, is said to have the lowest obesity rate in the area, at 24%.
In Grayson County, at least 1 insurer provides affordable and regularly subsidized ACA health insurance, both in and out of the state marketplace.
Over 25,000 Grayson County residents do not have health insurance, which is the most important type of insurance.
Texas is one of the states that offers a wider range of health insurance and supplemental product options, making Texas healthcare more accessible: ACA-compliant Group and Individual marketplace health insurance, various types of short-term insurance (up to three years in coverage), hospital indemnity, accident and health, and so on.
Health insurance can be prohibitively expensive, particularly for those with low incomes, so they should apply for government subsidies to significantly reduce the cost of insurance. If you do not have any pre-existing conditions, short-term insurance may be an option. (Keep in mind that after a full year of coverage, some multi-year short-term plans may cover specific pre-existing conditions.)
For consultation and advice on Grayson County health insurance, contact a health insurance agent licensed in the state of Texas.
The average life expectancy in Grayson County is estimated to be around 76.1 years old, which is lower than the Texas state average of 79.2 years old. Collin County appears to have the highest life expectancy among neighboring counties, at 82.7 years old, nearly 7 years longer than Grayson County, and Fannin County appears to have the lowest, at 75.4 years old. Presidio County, on the other hand, has the highest average life expectancy rate in the state, with 88.8 years. With a life expectancy of 72.8 years, Donley County has the lowest life expectancy.
Grayson County had over 25,000 senior citizens (65 and older) in 2022.
In 2021, 48% of Americans did not have any type of active life insurance policy.
Premiums for life insurance are calculated based on the insured's age at the start of the policy, so the younger you are when you buy it, the less you will have to pay in premiums over the policy period.
Approximately 21-22 fatal crashes occur on Grayson County roads each year, resulting in a fatal crash rate of 19.09 per 100,000 vehicles on the road.
According to the Texas Department of Transportation (TxDoT), Grayson County had 1,890 crashes in 2020, with 21 fatalities. Alcohol was responsible for more than a quarter of all traffic fatalities.
A traditional funeral in Texas can cost between $5,000 and $12,000, including basic service fees, casket, embalming, transportation, viewing, and burial. The average funeral cost in Texas is $6,200, but in Grayson County, the average funeral cost exceeds $6,000. Collin County appears to have the most expensive funeral services, costing nearly $10,000, while Denton County appears to have the most affordable funeral services, costing less than $6,000.
Nearly 46% of Americans die with less than $10,000 in life savings, which means that more than 11,000 Grayson County senior citizens may be putting an extra burden on their family and friends with basic funeral expenses. Rather than mourning the loss of a loved one, the family must figure out how to pay.
Aside from burial expenditures, the departed may have left behind taxes and debts for the surviving family to deal with.
The most common life insurance policies that cover "final expenses" up to $50,000 are term life insurance and final expense insurance.
The most common life insurance policies that allow money to be left to family members are Term Life Insurance and Cash Value Life, such as Whole Life Insurance, Indexed Universal Life (IUL) Insurance, and Final Expenses.
If you need life insurance consultation and advice in Grayson County, contact a Texas-licensed life insurance agent.