Hood County's highways are home to an estimated 51,526 private and commercial automobiles. This figure represents roughly 0.22% of all vehicles registered in the state of Texas.
Almost 87% of adult drivers in Hood County drive alone to work, and more than 1 in 2 of those commutes last more than 30 minutes.
It is estimated that 20% of Texas drivers are uninsured, with possibly over 10,000 vehicles uninsured in Hood County alone.
Almost 52 thousand vehicles registered in Hood County require some form of insurance. Private Auto, Commercial Auto, Comprehensive Coverage, Commercial Transportation, Inland Marine, and other types of insurance may be required depending on the type of vehicle and its use. Auto Liability coverage is required for all vehicles on the roads.
One of the reasons that vehicle premiums in Hood County tend to be higher than in less densely populated counties is because there are nearly 31,000 drivers commuting every day.
Longer daily commutes, which affect nearly 19,000 Hood County residents, raise the cost of auto insurance because they increase the amount of time a driver spends on the road, increasing the odds of being involved in a car accident.
With 1 out of 5 drivers in Texas being uninsured, Uninsured Driver Coverage is becoming increasingly crucial. Uninsured and underinsured motorist coverage costs Texans over $900 million per year.
To discuss your auto insurance in Hood County, contact an experienced Property & Casualty (P&C) insurance agent licensed in the state of Texas.
Just like the rest of Texas, where most residences are owner-occupied, Hood County's approx. 27,704 housing units are split nearly 8 to 2 between homeowners and renters. The neighboring counties are mostly made up of owner-occupied homes as well, with Somervell County leading the way with an owner-occupied percentage of over 80%. Erath County, on the other hand, has the lowest percentage of owner-occupied homes, at over 63%.
Almost 1 out of 8 housing units in Hood County has housing difficulties, such as overcrowding, a lack of plumbing, or kitchen problems. Residents in around 15% of homes spend more than 50% of their income on housing.
Hood County has nearly 28,000 housing units that require insurance coverage. To safeguard the underlying financial investment from potential loss or damage, all owners of these properties should obtain Homeowners, Condo insurance, and/or Business property insurance (for apartment complexes).
With over 6,000 rental units in Hood County, landlords acquire Landlord Insurance to protect both the property and the landlord from potential liability claims made by renters.
Tenants are strongly encouraged to purchase Renters Insurance to protect their personal possessions from injury or loss. Renters' insurance is typically inexpensive and protects the tenant's belongings against theft and damage caused by fire, smoke, water, and vandalism. Depending on the landlord in Hood County, renters insurance may be required as a condition of the lease.
For consultation and advice about Homeowners, Renters, Condo, Flood, and other types of insurance in Hood County, contact a Property & Casualty (P&C) insurance agent licensed in the state of Texas.
Hood County has a lower rate of residents without health insurance than the Texas average. Less than 18% of residents do not have proper health coverage. Erath County has the highest adult uninsured rate among neighboring counties, at almost 24%, followed by Palo Pinto, at over 23%. Parker County has the lowest adult uninsured rate in the area, at around 17%. Gaines County has the highest uninsured adult rate in Texas, at nearly 36%, while Loving County has the lowest rate, at 11.4%. The average adult uninsured rate in Texas in 2021 was roughly 20.7%.
Nearly 1 in 5 adults in Hood County has a health concern. That equates to almost 9,000 persons.
In Hood County, 1/4 of the population does not partake in any form of physical activity.
Obesity affects approximately 33% of Hood County residents (with a BMI of 30 or higher), which is higher than the Texas average of 31.4%. Somervell County has the lowest obesity rate among surrounding counties, with 29% of people, while over 40% of adults in Johnson and Palo Pinto Counties are considered obese.
At least 3 health insurers in Hood County offer affordable and frequently subsidized ACA health insurance, on and off the state marketplace.
Health insurance is the most important insurance coverage and nearly 9,000 residents of Hood County lack this necessity.
Texas is one of the states that permits the selling of a variety of health insurance and supplemental products. This makes it easier for Texans to find coverage that meets their individual requirements (both medically and financially): Marketplace ACA health insurance, various types of Short-term insurance (up to three years of coverage), Hospital Indemnity, Accident, and Health insurance, and so forth.
If lower-income consumers are unable to obtain health insurance due to a lack of financial resources, they should consider applying for government subsidies, which can significantly reduce the cost of insurance.
If you do not have any pre-existing medical conditions, Short-term Insurance may be a viable option for you to consider. (* Certain pre-existing conditions may be covered by some Texas multi-year short-term health insurance plans after a year or more of continuous coverage under the plan.)
Discuss your health insurance needs with a state-licensed Texas health insurance professional with access to a variety of health insurance options available in Hood County.
The average life expectancy in Hood County is around 78.2 years old, which is lower than the state average of 79.2. Erath County has the longest life expectancy among the adjacent counties at 79 years old, adding nearly one year to the life expectancy of Hood County. On the contrary, Palo Pinto County has the shortest at 76.6 years old. With an average life expectancy of 88.8 years, Presidio County has the highest life expectancy in Texas, while Donley County has the lowest life expectancy at 72.8 years.
In 2022 there were over 16,000 seniors (65 and older) residing in Hood County.
In 2021, 48% of Americans did not have any form of active life insurance coverage.
The age of the insured at the time of the policy's inception determines the amount of the premium. Your premium savings will be greater the younger you are when you purchase your policy.
Motor vehicle fatalities in Hood County occur at a rate of 19.52 per 100,000 vehicles on the road, resulting in at least ten fatal crashes per year.
The Texas Department of Transportation (TxDoT) reported 706 crashes in Hood County in 2020, with 9 fatalities as a result. Alcohol is determined to be the primary cause of fatal crashes in roughly 1/5 of all driving deaths in Hood County.
Funeral expenses in and around Hood County vary greatly. The average funeral cost in Hood County tends to be more than $4,900, making it one of the lowest funeral costs in the surrounding area. Among Hood County's neighbors, Parker County has the highest average funeral cost of more than $9,000, while Johnson County funeral homes may be found for about half of this price, which is considerably closer to the state's average of $6,200.
Over 7,500 Hood County senior citizens may be burdening their loved ones with a needless and often unbearable financial burden if they die with savings of less than $10,000, as is the case for around 46% of Americans. Rather than lamenting their loss, the family may have to focus on securing the funds necessary to cover the final expense bills. (Note: Most funeral homes require an "assignable" policy if life insurance is being used to pay for funeral expenses.)
In addition to the cost of burial, many deceased leave behind taxes and other debts for their families to deal with.
For "final costs" up to $50,000, Term Life Insurance and Final Expense Insurance are the most commonly used options.
The most frequent life insurance policies used to leave money to heirs are versions of Term Life Insurance and Cash Value insurance, such as Whole Life insurance, Indexed Universal Life (IUL) insurance, and Final Expense.
To learn about the life insurance options that fits your specific needs, speak with a knowledgeable and licensed Texas insurance professional, who has access to multiple insurers and plan types.