Palo Pinto County's highways are home to an estimated 23,270 private and commercial vehicles. This figure represents roughly 0.10% of all vehicles registered in the state of Texas.
Over 78% of adult drivers in Palo Pinto County commute to work by themself, with less than half (≈37%) of those commutes lasting more than 30 minutes.
It is estimated that 20% of Texas drivers are uninsured and almost 5,000 vehicles in Palo Pinto County alone could be uninsured.
Palo Pinto County has about 23 thousand registered vehicles that need insurance coverage. Liability coverage is required for all vehicles on the road in order to protect others from the damage you may do in the event of an accident. Depending on the type of vehicle and its use, the required insurance may be: Private Auto, Collision Coverage, Gap Coverage, Non-owner Car Insurance, Ride Sharing Coverage, etc.
One of the reasons why auto premium costs in Palo Pinto County are higher than in less densely populated counties is because there are over 13 thousand drivers commuting daily.
Longer daily commute for about 6,000 Palo Pinto County residents raises the cost of auto insurance since it increases the amount of time a driver spends on the road, increasing the odds of being involved in a car accident.
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 in Palo Pinto County, contact a Property & Casualty (P&C) insurance agent licensed in the state of Texas.
Palo Pinto County's approximately 15,674 housing units are divided between homeowners (73%) and renters (27%), similarly to the rest of Texas, where the vast majority of residences are also owner-occupied (split at 62% owners, 38% for rent). The neighboring counties are mostly composed of owner-occupied housing units as well. Stephens County leads the way with a homeownership percentage of approximately 82%. Meanwhile Erath County has the lowest percentage of owner-occupied housing units, with nearly 37% of housing units for rent.
In Palo Pinto County, 1 in 5 housing units has housing concerns, such as overcrowding, a lack of plumbing, or kitchen problems. Residents in approximately 15% of homes spend more than 50% of their income on housing.
Palo Pinto County has nearly 16,000 housing units that need 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 4,000 rental units in Palo Pinto County, landlords should acquire Landlord Insurance, which covers the property as well as potential liability claims from renters and their guests.
Tenants purchase Renters Insurance to protect their possessions from possible damage or loss. Renters' insurance is typically inexpensive and covers the tenant's property against theft and damage caused by fire, smoke, water, and vandalism. Some Palo Pinto County landlords may mandate Renters insurance as a condition of the lease.
For consultation and advice about Homeowners, Renters, Condo, Flood, and other types of insurance in Palo Pinto County, contact a Property & Casualty (P&C) insurance agent licensed in the state of Texas.
In Palo Pinto County, over 23% of adults lack health insurance, compared to Texas's average of approximately 21%. Among the neighboring counties of Palo Pinto County, Jack County has the highest number of adult uninsured at approximately 25%. Meanwhile Erath County, Eastland County, Stephens County and Young County all have a similar adult uninsured rate (≈24%), making them the second-highest in the area. Parker County on the other hand has the lowest uninsured adult rate in the area (≈17%). Gaines County has the highest number of uninsured adults in the state of Texas, at nearly 36%, while Loving County has the lowest rate, at under 12%.
More than 1 in 5 adults (or nearly 5,000 residents) in Palo Pinto County report problems with health.
29% of the Palo Pinto County adult population does not engage in any physical activity.
Obesity affects an estimated 41% of Palo Pinto County residents (with a BMI of 30 or higher), which is higher than the Texas average of 31.4%. Among neighboring counties, Jack County has the lowest obesity rate (25%) of residents, while nearly 36 percent of adults in Young County are considered obese.
At least 1 health insurer in Palo Pinto County offers affordable and frequently subsidized ACA health insurance, on and off the state marketplace.
Health insurance is the most essential insurance coverage, and over 5 thousand Palo Pinto County residents do not have it.
Texas is one of the states that permits the purchase of a variety of health insurance and supplemental products. This makes it easier for Texans to find coverage that meets their individual 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 health insurance is not obtained because it is too expensive, low-income users are often urged to apply for government subsidies, which can significantly reduce the cost of insurance.
If you do not have pre-existing conditions, Short term insurance may provide an alternative saving path. (* After a year or longer of coverage, some Texas multi-year short term health insurance plans may cover certain pre-existing conditions.)
Discuss your health insurance needs with a knowledgeable state-licensed Texas health insurance professional with access to a variety of health insurance options available to the Palo Pinto County residents.
Palo Pinto County residents have a life expectancy of approximately 76.6 years, which is lower than the Texas average of 79.2. At 79 year old, Erath County has the longest life expectancy among neighboring counties, and Young County (74.9) has the lowest. The rest, including Palo Pinto, are all in the range between 75 (Jack County) and 78.2 (Hood County). Presidio County has the highest life expectancy in the state of Texas, at 88.8, while Donley County has the lowest, at 72.8 years old.
Palo Pinto County had nearly 6,000 senior residents (65 and older) in 2022.
In 2021, 48% 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.
More than 21% of adults in Palo Pinto County smoke, and this practice will almost certainly increase their life insurance premiums by up to 4 times when compared to non-smokers. A smoker's life expectancy is deemed shorter, placing them at a greater risk than nonsmokers.
In Palo Pinto County, motor vehicle fatalities occur at a rate of 24.68 per 100,000 vehicles on the road, resulting in around 6 fatal crashes each year.
The Texas Department of Transportation (TxDoT) reported 494 collisions in Palo Pinto County in 2020, with 12 fatalities as a result. Alcohol is determined to be the primary cause of fatal collisions in Palo Pinto County in nearly 21% of all driving deaths.
Funeral expenses in and around Palo Pinto County vary drastically. The average price of a funeral in Palo Pinto County is at over $7,000, which is the second highest cost in the surrounding area. Among the neighbors of Palo Pinto County, Parker County reports the highest average funeral cost of over $9,000, while Hood County funeral homes may be found for nearly half of this price at approximately $4,900.
With 46% of Americans dying with less than $10,000 in savings, Palo Pinto County senior residents may be putting an unnecessary and usually intolerable financial strain on family and friends. Instead of focusing on their loss, the family must focus on finding a way to pay. (Note: When paying for funeral services with life insurance, most funeral facilities demand that the policy be "assignable.")
Aside from burial expenses, the departed 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 find out more about life insurance options in Palo Pinto County, speak with a knowledgeable state-licensed and experienced life insurance professional who has access to multiple insurers for comparison.