Approximately 19,383 private and commercial cars call the roads of Milam County their home. This constitutes 0.08% of the total vehicles registered in the state of Texas.
Nearly 83% of adult drivers in Milam County drive to work alone, and more than half of those commutes last for over half an hour.
20% of all Texas drivers are uninsured, and roughly 3,800 vehicles in Milam County alone could be uninsured.
Over 19 thousand cars registered in Milam County require some type of insurance coverage, and what kind depends on the type of vehicle and usage. The required insurance may be: Commercial or Farm Auto, Commercial or Farm Transportation, Inland Marine, Private Auto, Commercial Auto, etc.
Uninsured Driver Coverage is becoming increasingly important with 1 out of 5 drivers uninsured in Texas. Texans spend around $900 million per year to pay for Uninsured and Underinsured Auto Coverage.
To receive advice about auto insurance in Milam County, contact a Property & Casualty (P&C) insurance agent licensed in the state of Texas.
Similar to the majority of Texas, Milam County’s 11,554 housing unit market is dominated by homeowner-occupied properties (≈71%). Nearby counties are also mainly made up of homes inhabited by the owners, with Lee County leading with almost 81% owners and just19% of housing for the rent. Bell County has the lowest figure, with a 54% homeowner-occupied rate, which means almost every other property is a rental.
1 in 7 housing units in Milam County experiences housing problems like kitchen issues, overcrowding, or poor plumbing. In about 15% of homes, residents spend more than half of their income on housing alone.
To safeguard the financial investment from possible loss or damage, over 11 thousand housing units in Milam County require insurance coverage. At a minimum, all owners of these properties should have Condo insurance, Homeowners, and/or Business property insurance (for apartment complexes).
More than 3,000 housing units in Milam County are rentals. Landlords acquire Landlord Insurance to protect the property and themselves possible liability claims from the tenants.
To safeguard the tenants' properties from possible damage or loss, they are advised to obtain Renters Insurance coverage. Average renters’ insurance is cheap and generally covers the tenant’s property from burglary, damages caused by fire, smoke, water, and vandalism. Some landlords in Milam County require Renters insurance as part of the lease condition.
For consultation regarding Homeowners, Renters, Condo, Flood, and other types of insurance in Milam County, contact a Property & Casualty (P&C) insurance agent licensed in the state of Texas.
Milam County is the 4th worst-rated county when it comes to having proper health insurance coverage compared to its neighboring counties. Roughly 1 out of 5 adults (around 19%) and almost 11% of all children in Milam County do not have proper health insurance coverage. Lee County has the highest uninsured adult rate among the nearby counties at 22%, while Williamson county has the least with 12%.
The highest uninsured adult rate in Texas is in Gaines County at 36%, while Loving County has the lowest rate at 11.4%. As of 2021, the average adult uninsured rate was around 20.7%.
Nearly 1 in 4 adults in Milam county report health problems, which is roughly 4,500 residents.
In Milam County, 34% of residents do not engage in physical exercise activities, which is probably the contributing factor for why Milam County has the 3rd highest percentage of residents with obesity (with a BMI of 30 or more) in its area. At 41% it is higher than the Texas average of 31%. Among neighbors, Burleson County rates the highest with 47% of adults residents obese, while Falls County reports the lowest percentage at 29%.
At least three health insurers in Milam County offer cheap and frequently subsidized ACA health insurance on and off the state marketplace.
Almost four thousand residents of Milam County do not have Health insurance, which is the most crucial type of insurance.
Texas is one of the states that allow the sale of multiple types of health insurance and supplemental products. This makes it less difficult for Texans to acquire coverage that fits their specific needs (both medically and financially): Group or Individual Marketplace ACA health insurance, Hospital Indemnity, Accident & Health, Various types of Short-term insurance (up to 3 years in coverage), etc.
Low-income consumers are advised to apply for government subsidies if they cannot afford health insurance. This makes health insurance substantially moser affordable, if not almost free.
For residents that do not have a pre-existing condition, Short term insurance may provide an alternative saving path. (* Some Texas multi-year short term health insurance plans may cover certain pre-existing conditions after a year or more of coverage)
Reach out to a state-licensed knowledgeable Texas health insurance professional with access to various health insurance options available in Milam County.
The average life expectancy in Milam County is approximately 76.7 years, which is lower than the Texas average of 79.2. Within its neighboring counties, Williamson County has the longest life span at 82.1 years, while Robertson County has the shortest at 76.5 years old. In the entire state of Texas, Presidio County holds the highest life expectancy at 88.8 years, and the lowest expected life span is in Donley County, at 72.8 years old.
More than 5,000 seniors (65 and older) lived in Milam County in 2022.
48% of Americans did not have an active life insurance policy in 2021.
Residents can save more in premiums over the course of the policy if they acquire it at a younger age. Life insurance premiums are based on the age of the insured when the policy begins.
Motor vehicle fatalities in Milam County happen at a rate of 31.83 per 100,000 cars on the road: Approximately six fatal crashes yearly.
In 2020, the Texas Department of Transportation (TxDoT) reported 378 vehicular crashes in Milam County, resulting in 11 deaths. Alcohol is the main reason for the fatal crashes in Milam County in nearly 34% of all driving fatalities.
The cost of a funeral around Milam County varies significantly. The average funeral cost in Milam County is around $5,100, which is the cheapest within its area. Looking at its peer counties, Williamson County reports the highest average funeral cost of $7,300, while Burleson County’s average of $6,500 is the closest to the state’s average of $6,200.
In the entire state of Texas, Polk County has the highest average funeral cost at $10,900, while Kenedy and Willacy Counties have the lowest average, both at around $3,200.
Approximately 46% of Americans die with less than $10,000 of savings, which means over 2 thousand Milam County senior residents may place the financial burden on their family members and friends. They may have no time to grieve as they need to find ways to pay for the funeral. (Note: If using life insurance as payment for the funeral services, most funeral homes require the policy to be “assignable.”)
Aside from the burial expenses, the deceased may also leave taxes and other debts behind for the family to take care of.
The most frequently used life insurance policies to cover “final expenses” up to $50,000 are: Final Expense Insurance and Term Life Insurance.
To leave money to the family, the most commonly used life insurance policies are the options of Term Life Insurance and variations of Permanent Life Insurance: Whole, Indexed Universal Life, and others.
Talk to an experienced and licensed Texas insurance professional about life insurance options in Milam County. Knowledgeable insurance professionals with access to multiple insurers can help you evaluate your needs and then offer you different solutions to fill them.
The use of a Texas insurance agent typically does NOT incur additional costs to the insured.