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Potter County

Driving in Potter County

Around 90,213 private and commercial vehicles are registered in Potter County. This figure represents merely 0.39% of all automobiles in Texas.

Over 82% of adult drivers residing in Potter County drive to work by themself, and almost 13% of them are on the road for more than 30 minutes.

Research has shown that 20% of Texas drivers are uninsured, and over 18,000 vehicles in Potter County alone may not have any kind of insurance coverage.

Auto Insurance Analysis:

  1. Potter County has over 90 thousand registered vehicles, and they all need at least one type of insurance coverage as required by law. Gap Coverage, Collision Coverage, Comprehensive Auto, and Commercial 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. Uninsured Driver Coverage is becoming increasingly vital given that 1 out of 5 drivers in Texas does not have any kind of coverage. Texans spend a total of almost $900 million every year for Uninsured and Underinsured Auto Coverage costs.

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

Potter County Housing

Most counties in Texas have a housing market that is dominated by owner-occupied properties, and Potter County follows suit. However, its 50,816 housing unit market is almost split evenly over 55% Homeowner-occupied and 45% Renter-occupied, which means that almost every other residence is a rental. The property owners in the neighboring counties, on the other hand, aren’t too keen on renting their properties to others, with Hartley County having the second-highest Renter-occupied percentage at only 37%. The neighbor with the lowest ratio of rental units is Armstrong County, with just 12% of housing for rent.

1 in 5 housing units in Potter County experiences housing issues, overcrowding, substandard plumbing, or problems with the kitchen. In approximately 15% of homes, residents allocate half of their income to housing.

Housing Insurance Analysis:

  1. Over 50 thousand housing units in Potter 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 23,000 housing units in Potter County as rentals, it is in a landlord’s best interest to purchase Landlord Insurance, which covers the property being rented out 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 quite inexpensive and usually covers the tenant's property from theft and damages caused by fire, smoke, water, and vandalism. Some landlords in Potter County may include Renters insurance as a lease condition.

Contact a 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 Potter 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)

Potter County Health

Potter County has the third-worst health insurance coverage rate among its immediate neighbors, with more than 1 out of 4 adults uninsured and 12% of the children not having any type of coverage. In the group, only Moore and Deaf Smith Counties have worse rates at 27% and 26%, respectively. In Texas, 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%.

More than 1 in 4 Potter County residents report problems regarding their health, which translates to over 21,677 people.

This is probably due to the fact that more than 24% of Potter County residents do not engage in any form of physical exercise.

The average percentage of obese (with BMI of 30 or more) people in Texas is 31.4%, and Potter County has the exact same percentage, which is the highest among its immediate neighbors. Randall County comes in second with 29.7% obesity rate, and Armstrong County has the lowest rate with 22.4%.

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

Health Insurance Analysis:

  1. It goes without saying that Health insurance is the most vital insurance coverage, but 26 thousand residents of Potter 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 will significantly reduce the costs.

  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, pre-existing conditions may be covered by some Texas multi-year short-term health insurance.)

Discuss your health insurance needs with a state-licensed Texas health insurance professional to go over your best health insurance options in Potter 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)

Potter County Mortality and the End of Life Statistics

The average life expectancy for Potter County residents is around 73.8 years old, which is approximately five years short of the state’s average (79.2). In comparison to its neighboring counties, Potter County has the lowest average, while Hartley County has the highest at 81.8 years old. In the state of Texas, Presidio County has the highest average at 88.8, and Donley County has the lowest life expectancy at 72.8 years old.

In 2022, there were approximately 14,850 seniors (65 and older) living in Potter County.

Life Insurance Facts:

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

  2. Young people believe that they do not need life insurance, but getting a life insurance policy as early as possible can actually save them money. Premiums for life insurance tend to get more expensive as the potential policyholder gets older.

Motor Vehicle Fatalities in Potter County

Motor vehicle fatalities in Potter County occur at a rate of 22.76 per 100,000 vehicles on the road, averaging 20.53 fatal crashes per year.

Back in 2020, the Texas Department of Transportation (TxDoT) reported 3,204 crashes in Potter County, which led to 21 fatalities. 1 in 4 fatal car crashes in Potter County involved alcohol.

Final Expenses – Potter County Funeral Home Cost

Funeral expenses in and around Potter County vary drastically. The average price of a funeral in Potter County is closer to $5,700, which is the highest compared to its immediate neighbors and is $600 short of the state’s average ($6,200). Moore and Carson Counties have the lowest average in the area, with around $3,200 as the average cost for a funeral.

Life Insurance Analysis:

  1. With 46% of Americans dying with less than $10,000 in assets, the cost of a standard burial for almost half of Potter 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 a life insurance agent licensed in the state of Texas to get advice regarding life insurance in Potter County and help lighten the load for your family.

The use of a Texas insurance agent typically does NOT incur additional costs to the insured.