Panola County highways are home to about 18,244 cars, both private and commercial types, constituting approximately 0.08% of all vehicles registered in the whole state of Texas.
Of the commuters in Panola County, over 87% drive alone, and almost 2 out of 5 commute for more than 30 minutes every day.
The uninsured rate of Texas drivers is estimated at 20%, which could mean that over 3,600 vehicles in Panola County have no insurance coverage.
The majority of houses in Panola County are owner-occupied, just like most Texas homes (62%). Of the approxiamtely 11,615 housing units, nearly 77% are occupied by the owners, while 23% are by renters. Among the neighbors, Rusk County records the highest owner-occupied rate, at almost 78. Whereas Harrison County has the lowest percentage of homeowner-occupied residences at 72% owners and 28% renters.
Housing problems like overcrowding, lack of plumbing, and other kitchen issues are experienced by 1 in 9 residences in Panola County. About 15% of households spend over 50% of their income on housing expenses.
Panola County has over 11 thousand residential units that need home insurance. To secure the housing investment from any loss or damage, homeowners should at least have Homeowners, Condo insurance, and/or Business property insurance (for apartment complexes).
There are more than 2,600 residences in Panola County that are listed for rent. Owners of such properties can obtain Landlord Insurance, which insures the property itself and covers possible liability claims the renters might have for the lessor.
While some renters get Renters Insurance for their own peace of mind some landlords include this coverage in the lease conditions. Average renters’ insurance does not cost much and usually covers the tenant’s property from theft and damages caused by fire, smoke, water, and vandalism.
Contact a Property & Casualty (P&C) insurance agent licensed in the state of Texas for consultation and advice about Homeowners, Renters, Condo, Flood, and other types of insurance in Panola County.
A Texas P&C insurance agent analyzes your needs and restrictions, researches the locally available plans that fit your needs, provides you with the available options of coverage, explains how the differences between the options affect you once you start using each insurance product, assists you with the application process and does not charge additional costs on top of the insurance policy.
The proper health insurance coverage rate in Panola County does not deviate much from Texas’ average. Approximately 1 out of 5 adults and 12% of all children in Panola County are not insured. Among the neighboring counties, Shelby County has the highest uninsured rate at 26%, and Harrison County, similar to Panola County, has the lowest at 20%. Statewide, Gaines County has the most uninsured adults with 36%, and Loving County has the least with around 11%. The average rate of adults without health insurance in Texas was 20.7% as of 2021.
Problems with health are prevalent in 1 of 5 adults in Panola County, which accounts for over 3,800 persons.
About 25% of Panola County's population lack the needed physical exercise activities.
The obesity rate in Panola County is around 34%, higher than the Texas average of around 31%. In the surrounding counties, Harrison County has the highest number of obese residents, about 45% of them, while Shelby County has the lowest at 29%.
At least 1 health insurer in Panola County offers affordable and frequently subsidized ACA health insurance, on and off the state marketplace.
Among all other insurance types, health insurance is the most vital but still, more than 3,600 residents of Panola County do not have this coverage.
Texas is one of the states that allow for multiple types of health insurance and supplemental products. Texans have these options, depending on their particular medical needs and financial capacities: Marketplace ACA health insurance, Various types of Short-term insurance (up to 3 years in coverage), Hospital Indemnity, Accident & Health, etc.
Government subsidies are available for low-income consumers who cannot afford the cost of insurance.
For a cost-effective alternative, those who have no pre-existing conditions may obtain Short-Term Insurance. (*There are multi-year short-term health insurance plans in Texas that cover certain pre-existing conditions after being insured for a year or more.)
Talk about your health insurance needs with a state-licensed Texas health insurance professional with access to different health insurance choices available in Panola County.
A Texas health insurance agent hears your needs and restrictions, explores the locally available plans that fit your needs, presents the available options of coverage, explains the differences between the options that affect you once covered, and assists and guides you through the application process.
The average life expectancy of Panola County residents is around 75.7 years. This is lower than the Texas average of 79.2 years. Whereas Rusk County residents have the longest lifespans in the region with 77 years, and Shelby County locals have the shortest with 74.9 years. In the entire state, the highest average life expectancy of 88.8 years is recorded in Presidio County and the lowest of 72.8 years is in Donley County.
As of 2022, Panola County had about 4,600 senior residents, aged 65 years and older.
In 2022, 47% of Americans did not have any life insurance
Premiums for life insurance depend on the age of the insured upon the start of the coverage, among other factors. Getting insurance policies at a younger age could be advantageous as premiums are lower throughout the duration of the plan.
Fatalities due to vehicular accidents in Panola County occur at 37.69 per 100,000 vehicles on the road. This is about 7 fatal crashes in a year.
According to the Texas Department of Transportation (TxDoT), 512 vehicular accidents were recorded in 2020. These accidents resulted in 10 deaths. Of all the driving fatalities in Panola County, around 29% are caused by drunk drivers.
Panola County’s funeral cost average is $7,100, which is the most expensive among its surrounding counties. Shelby County has the lowest price with an average of $5,200, even lower than the State’s average funeral price of $6,200.
Across the 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.
About 46% of Americans die with less than $10,000 in savings. This means Panola County residents could be leaving their families with financial burdens upon their deaths. The families would then get preoccupied with finding the means to pay for the funeral costs instead of grieving the loss of their loved one.
(Note: For those using life insurance to settle the funeral expenses, the policy should be “assignable”, as required by most funeral homes.)
Aside from the burial expenses, there are other payables left behind by the deceased, which the bereaved family has to take care of. These are usually taxes and other debts.
Term Life Insurance and Final Expense Insurance are the frequently used life insurance plans that cover “final expenses” up to $50,000.
For purposes of leaving money to the family, these variations of life insurance policies are commonly used: Term Life Insurance and Cash Value insurance, such as Whole Life insurance, Indexed Universal Life (IUL) insurance, and Final Expense.
Discuss your life insurance needs in Panola County with a licensed Texas insurance professional with access to multiple insurers and types of plans.