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Hopkins County

Driving in Hopkins County

The roads of Hopkins County are frequented by 29,429 vehicles registered for commercial and personal use, which constitutes ≈0.13% of all the cars in the state of Texas.

Research suggests that one out of five drivers in Texas are uninsured, and nearly 6,000 vehicles in Hopkins County alone may not have any kind of auto insurance coverage.

Almost 85% of drivers in Hopkins County commute to work by themselves, and one out of four of these individuals are on the road for at least half an hour or more.

Auto Insurance Analysis:

  1. Hopkins County has over 29 thousand registered automobiles, and they all need at least one type of insurance coverage as required by law. Ride-Sharing Coverage, Collision Coverage, Comprehensive Auto, and Commercial or Farm Transportation are only a few of the options that car owners can choose from depending on what vehicles they own and how they utilize them.

  2. Texas law requires vehicle owners to have at least $30,000 in Liability Coverage, which will cover the costs for the repair of the other driver’s vehicle and/or hospital bills if you were proven to be at fault for the accident.

  3. Well over five thousand vehicles make daily trips for at least 30 minutes which increases the auto insurance rate in Hopkins County. Being on the road for a long time means that the chances of these drivers getting involved in an accident are higher.

  4. Most of Hopkins County’s thoroughfares are rural. Rural roads have less traffic and less potential for a vehicular collision. However, rural areas are more prone to animals getting in the way of moving cars. 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, Hopkins county residents should consider Comprehensive Auto Coverage, which helps with the cost of repairing the damage after hitting an animal.

  5. Uninsured Driver Coverage is becoming increasingly vital given that 20% of the drivers in Texas are uninsured. Texans spend a total of almost $900 million annually for Uninsured and Underinsured Auto Coverage costs.

To get auto insurance advice in Hopkins County, contact a Property & Casualty (P&C) insurance agent licensed in the state of Texas.

Hopkins County Housing

Most housing units in the state of Texas are occupied by the owners themselves at a rate of 62% of the market, while 38% of the properties are occupied by renters. Hopkins County’s 15,652 housing unit market is also dominated by owner-occupied homes at a rate of 70%.

Hopkins County’s figure is the second-lowest among its neighboring counties, and Hunt County has the lowest average with 69%. Wood County has the highest rate (>80%), with four out of five homes being occupied by the owners themselves.

One out of seven housing units in Hopkins County experiences housing issues, overcrowding, substandard plumbing, or problems with the kitchen. In approximately 15% of homes, residents spend 50% of their income on housing-related expenses.

Housing Insurance Analysis:

  1. Nearly 16 thousand homes in Hopkins County need insurance coverage. All owners of these properties should have at least Homeowners, Condo insurance, and/or Business property insurance (for apartment complexes) to safeguard the underlying financial investment from potential damage or even loss.

  2. With almost five thousand housing units in Hopkins County rented out to tenants, it is in a landlord’s best interest to purchase Landlord Insurance, which covers the property and any possible liability claims coming from the tenants.

  3. Tenants, on the other hand, should obtain Renters Insurance to protect their belongings from damage or total loss. The average cost of this coverage is affordable, and it will cover the tenant's property from theft and damages caused by fire, smoke, water, and vandalism. Many landlords in Hopkins County include Renters Insurance as a requirement of the lease.

Contact an experienced Property & Casualty (P&C) insurance agent licensed in the state of Texas for advice and consultation about Homeowners, Renters, Flood, Condo, and other kinds of home insurance in Hopkins County,

A Texas P&C Insurance Agent:

  • analyzes what you need and what your restrictions are,
  • researches the right plans that will address your needs,
  • provides you with the available options of coverage,
  • highlights the differences of the options’ effects once you start using each insurance product
  • helps with the application process
  • does not affect your cost of insurance. (agent’s service is usually paid by the insurer)

Hopkins County Health

Almost one out of four residents (>23%) in Hopkins County, including children, do not have any type of health insurance coverage, an average that is worse than the majority of Texas (21%). Hopkins County actually has the highest uninsured rate among its peer counties, while Franklin County has the lowest figure at 17%.

Statewide, Gaines County has the highest adult uninsured rate at nearly 36%, while Loving County proudly has the lowest percentage at just 11.4%. As of 2021, the average adult uninsured rate in Texas was approximately 20.7%.

Roughly 22% of Hopkins County residents report health issues, which translates to over 6,189 people. 31% of the population of the county are physically inactive, which is probably the reason why one out of three residents are also considered obese (with BMI of 30 or more).

Looking at the neighboring counties, Hunt County leads the group with 39% of its residents considered obese, while Rains County has the lowest obesity problem with 27%.

There are at least two health insurers in Hopkins County that offer affordable and frequently subsidized ACA health insurance on and off the state marketplace.

Health Insurance Analysis:

  1. Health insurance is the most important insurance coverage, but despite this fact, over seven thousand residents of Hopkins County lack proper coverage.

  2. The sale of multiple types of health insurance and supplemental products is legally allowed in Texas. So securing coverage that fits their specific needs (both medically and financially) is much easier. Texans can take out Marketplace ACA health insurance, Various types of Short-term insurance (up to 3 years in coverage), Hospital Indemnity, Accident & Health, etc.

  3. Low-income families who cannot afford health insurance coverage can apply for government subsidies which may significantly reduce or almost eliminate the out-of-pocket cost.

  4. Short-term Insurance is another way to save money if you do not have any pre-existing conditions. (If you have had your policy for a year or more, some pre-existing conditions may be covered by some Texas multi-year short-term health insurance.)

Discuss your health insurance needs with a state-licensed and experienced Texas health insurance professional to go over your best health insurance options in Hopkins County.

A Texas Health Insurance Agent:

  • analyzes what you need and what your restrictions are,
  • researches the right plans that will address your needs,
  • provides you with the available options of coverage,
  • highlights the differences of the options’ effects once you start using each insurance product
  • helps with the application process
  • does not affect your cost of insurance. (agent’s service is paid by the insurer)

Hopkins County Mortality and the End of Life Statistics

Life expectancy in Hopkins County is at an average of 76 years old, which is three years shorter than the state average of 79 years. In the region, Franklin County has the highest life expectancy average at 78 years old, while Delta County has the lowest at 75 years.

In the state of Texas, Presidio County has the highest average at 89, and Donley County has the lowest life expectancy at 73 years old.

In 2022, there were approximately 6,948 seniors (65 and older) living in Hopkins County.

Life Insurance Facts:

  1. In 2021, 48% of Americans did not own any kind of life insurance coverage.

  2. It is a misconception that young adults do not need life insurance. Getting a policy at a young age, while the potential policyholder is still healthy and unlikely to pass away, can save them a lot of money. Premiums for life insurance tend to get more expensive as the potential policyholder gets older.

  3. Around 8% of Hopkins County residents smoke, and this habit will spike up the premiums for over nine thousand residents. A smoker’s life insurance premiums are up to four times more expensive than a non-smoker's.

  4. Whole Life Insurance also has a cash value component, meaning that after a stated period, the policyholder can use the funds to pay the insurance premiums, for emergencies, and to use as a tax-free retirement income stream.

Motor Vehicle Fatalities in Hopkins County

Motor vehicle fatalities in Hopkins County occur at a rate of 25.54 per 100,000 vehicles on the road, averaging eight fatal crashes per year.

Back in 2020, the Texas Department of Transportation (TxDoT) reported 593 crashes in Hopkins County, which led to 9 deaths. Around 17% of fatal car crashes in Hopkins County involved alcohol.

Final Expenses – Hopkins County Funeral Home Cost

The average cost for a funeral in Texas is estimated at around $6,200. Hopkins County’s average is slightly over the state average at around $6,600-$6,700, which is the most expensive in the nearby region. Rains County comes in a close second place with an average of $6,500-6,600. Franklin and Hunt Counties are believed to have the most affordable funerals in the area, with an average of $5,700.

Life Insurance Analysis:

  1. With 46% of Americans dying with less than $10,000 in assets, the cost of a standard burial for over three thousand Hopkins County residents could fall on the shoulders of the deceased person’s friends and family. Instead of mourning their loved one’s passing, they will have to focus on figuring out how to pay for the funeral.

  2. On top of burial expenses, the deceased could possibly leave unpaid taxes and unsettled debts, which adds to the mourning family’s woes.

  3. Term Life Insurance and Final Expense Insurance are the most common life insurance policy types to cover "final expenses" up to $50,000.

  4. There are different kinds of insurance policies that can help the bereaved family through financial assistance. Such life insurance policies can be variations of Term Life Insurance and Permanent Life Insurance.

Reach out to an experienced and knowledgeable life insurance agent licensed in the state of Texas, who has access to multiple insurers. Such professionals can assess your insurance needs and show you the options of how to achieve them.