Lamb County has an estimated 9,874 registered personal and commercial vehicles. This figure accounts for 0.04% of all the registered vehicles in Texas.
More than 80% of adult drivers in Lamb County drive alone to work, with over 1,500 of them commuting for 30 minutes or more.
It is estimated that 20% of Texas drivers are uninsured and almost 2,000 vehicles in Lamb County alone are possibly uninsured.
Almost 10 thousand vehicles registered in Lamb County need some type of insurance coverage. Depending on the type of vehicle and its use, the required insurance may be Private Auto, Commercial or Farm Auto, Comprehensive Coverage, Commercial or Farm Transportation, Inland Marine, etc. Auto Liability coverage is required for all vehicles on the road.
Majority of Lamb County roads are rural. Rural roads have less traffic and less potential for vehicular collisions. Meanwhile, 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, Lamb county residents should consider Comprehensive Auto coverage, which helps in repairing the damage after hitting an animal.
With 1 out 5 drivers uninsured in Texas, Uninsured Driver Coverage becomes increasingly important. Texans spend nearly $900 million annually to pay for Uninsured and Underinsured Auto Coverage.
To discuss your auto insurance needs in Lamb County, contact a Property & Casualty (P&C) insurance agent licensed in the state of Texas.
Lamb County's estimated 6,047 housing unit market primarily consists of homeowner-occupied properties (71%) vs. renters (29%), which is higher than the state average of 62 to 38. The neighboring counties are primarily made up of owner-occupied homes, too, with Cochran County leading the way with almost 78% of homes as owner-occupied, followed by Bailey County at 75%. Lubbock County, on the other hand, has 55% of its homes inhabited by the owners — which means almost every other residential property is a rental.
Nearly 1 in 10 housing units in Lamb County are experiencing housing problems due to overcrowding, plumbing, and other issues with the kitchen. In approximately 7% of homes, residents spend more than 50% of their income on housing.
Over 6,000 dwelling units require insurance in Lamb County. Home and condo owners should at the very least have Homeowners or Condo Insurance to protect themselves against property loss or damage.
With approximately 1,700 rental units in Lamb County, owners of those properties tend to purchase Landlord Insurance, which protects the property as well as the landlord from potential liability claims brought by renters. Apartment complexes are covered by Business Property insurance.
Tenants can protect themselves by purchasing Renters Insurance, which is substantially less expensive than homeowner's insurance because it only covers the renter’s property. Property theft/loss, vandalism, smoke, sewer backup damage, water, and fire are all covered by renters' insurance. It also protects a tenant from being held liable if someone is injured on the premises.
Discuss your Home insurance needs and options with a state-licensed Property & Casualty (P&C) insurance professional. A Texas P&C insurance agent analyzes your needs, researches viable options of coverage, explains the subtleties between the possible options, and assists you with the application process. The agent usually continues to be the client’s preferred link to the insurer for the duration of the policy.
In Lamb County, 27% of the county’s adult residents below 65 years old do not have proper health insurance. It is 6 percentage points higher than the Texas state average (around 21%). Among the neighboring counties, Castro County and Cochran County have the highest adult uninsured rate of roughly 29%, while Lubbock County has the lowest with 18%.
Almost 30% (≈2,600) of Lamb County’s adult residents are in poor health.
27% of the population of Lamb County do not participate in physical exercise activities.
Around 25% of the Lamb County residents are considered obese (with a BMI of 30 or more), which is significantly lower than the Texas average of 31.4%. Among the neighboring counties, Lamb County reports the lowest obesity rate, and Parmer County has the highest at 37%.
The highest uninsured adult rate in the state of Texas is in Gaines County, at nearly 36%, while the lowest rate is observed in Loving County at just 11.4%. In 2021, the average adult uninsured rate in Texas was around 20.7%.
At least 2 health insurers in Lamb County offer affordable and frequently subsidized ACA health insurance, on and off the state marketplace.
Health insurance is the most important insurance coverage, and almost 3,000 residents of Lamb County lack this necessity.
Texas is among the states that allow the sale of multiple types of health insurance and supplemental products. This makes it easier for Texans to obtain coverage that fits their specific needs (both medically and financially): Marketplace ACA health insurance, Various types of Short-term insurance (up to 3 years in coverage), Hospital Indemnity, Accident & Health, etc.
If you do not have pre-existing conditions, Short term insurance may be an option. (Note: Some Texas multi-year short term health insurance plans may cover certain pre-existing conditions after a year or more of coverage)
Discuss your health insurance needs with a knowledgeable state-licensed Texas health insurance professional with access to a variety of health insurance options available in Lamb County.
The average life expectancy for the residents of Lamb County is around 76.2 years old, which is lower than the Texas average of 79.2. The county with the highest average life expectancy among its neighbors is Castro County with 79.5, while the lowest is Lamb County. The highest life expectancy in the state of Texas is seen in Presidio County at 88.8, and the lowest expected life span is in Donley County, at 72.8 years old.
In 2022 there were 2,181 seniors (65 and older) residing in Lamb County.
In 2022, 47% of Americans did not have an active life insurance policy of any type.
Life insurance premiums are based on the age of the insured when the policy begins, among other factors. The younger you are when you get it, the more you save in premiums over the course of the policy.
Motor vehicle fatalities in Lamb County statistically occur at a rate of 35.38 per 100,000 vehicles on the road: approximately 3-4 fatal crashes per year.
In 2020, the Texas Department of Transportation (TxDoT) reported 159 crashes in Lamb County. 2 crashes with a resultant 2 fatalities. Alcohol has been determined to be the primary cause of fatal crashes in Lamb County in more than 41% of all driving fatalities.
The average price of a funeral in Lamb County is almost $5,000, which is lower than the Texas state average of $6,200. It also is the lowest among the neighbors. Among the neighbors of Lamb County, Lubbock County and Hockley County have the highest funeral cost average of $6,000.
In the entire state of Texas, Polk County has the highest average funeral cost at $10,900, while Kenedy and Willacy Counties have the most affordable average, both at around $3,200.
With 46% of Americans dying with savings of less than $10,000, Lamb County senior residents could be placing an unnecessary and frequently unbearable financial burden on family and friends. Instead of grieving their loss, the family must concentrate on finding a way to pay. (Note: If using life insurance as payment for the funeral services, most funeral homes require the policy to be “assignable”)
Besides the burial costs, the deceased frequently leave taxes and other debt behind for the family to take care of.
The most frequently used life insurance policies to cover “final expenses” up to $50,000 are: Term Life Insurance and Final Expense Insurance.
The most commonly used life insurance policies to leave money to the family are the variations of: Term Life Insurance and Cash Value insurance, such as Whole Life insurance, Indexed Universal Life (IUL) insurance, and Final Expense.
To learn more about life insurance options in Lamb County, speak with a knowledgeable licensed Texas life insurance professional with access to multiple insurers and types of plans.