Tarrant County
Driving in Tarrant County
Tarrant County's roads are home to an estimated 1,671,544 private and commercial vehicles, which is more than 7% of all vehicles registered in the state of Texas.
Over 82% of adult drivers in Tarrant County drive to work alone, and more than half of those commutes last more than 30 minutes.
An estimated 20% of Texas drivers are uninsured, which translates to potentially over 300,000 uninsured vehicles on the roadways of Tarrant County alone.
Auto Insurance Analysis:
Almost 2 million vehicles registered in Tarrant County require some form of insurance. Depending on the type of vehicle and its intended use, different insurance policies may be necessary: Private Auto, Commercial Auto, Auto Liability, Commercial Transportation Inland Marine, and so on.
One of the reasons why auto premiums in Tarrant County may be higher than in less densely populated counties is that over a million drivers commute daily. Since most of these drivers drive their own cars, there are more vehicles on the road, which in return increases the likelihood of a collision. As risk increases, so do premium prices.
A longer daily commute for approximately 570,000 Tarrant County adult residents raises the cost of auto insurance because it increases the amount of time a driver spends on the road and the likelihood of getting into a car accident.
An alarming number (1 out of every 5) of uninsured drivers in Texas is making Uninsured Driver Coverage increasingly vital. Uninsured and underinsured motorist coverage costs Texans nearly $900 million per year.
Contact a Property & Casualty (P&C) insurance agent licensed in the state of Texas for a consultation and advice on auto insurance in Tarrant County.
Tarrant County Housing
Tarrant County's 836,776 housing unit market is split 3 to 2 between homeowners and renters, similar to the rest of Texas, where most homes are owner-occupied. The surrounding counties are also mostly owner-occupied, with Parker County leading the way with nearly 79% live-in homeowners. On the other hand, the Dallas County housing market is divided almost evenly, with about the same amount of homes for rent as being occupied by its owners. .
Less than 1 out of 5 housing units in Tarrant County is experiencing severe housing problems due to high housing costs, overcrowding, a lack of plumbing, or kitchen issues.
Housing Insurance Analysis
Below are the top four home insurance considerations for Tarrant County, Texas:
There are more than 800 thousand housing units that need either Homeowners or Condo insurance coverage to protect their owners from potential loss or damage.
More than 300 thousand rental units should have Landlord Insurance coverage to safeguard the property and potential liability claims from tenants.
Tenants of the said 300 thousand units should carry Renters Insurance to protect their belongings from potential damage or loss. Renters' insurance typically protects tenants' belongings from theft and damage caused by fire, smoke, water, and vandalism. Some Tarrant County landlords may require Renter's insurance as a condition of the lease.
Tarrant County is located in Tornado Alley. There's an average of 2 or more tornadoes out of 132 tornadoes that affect the whole state of Texas every year affecting the county. As a result of this, it is advisable for homeowners, landlords and renters in the county to get appropriate insurance policies against loss and damage.
For consultation and advice about Homeowners, Renters, Condo, Flood, and other types of insurance in Tarrant County, contact a Property & Casualty (P&C) insurance agent licensed in the state of Texas.
Tarrant County Health
In Tarrant County, approximately 1 out of 5 adults and about 10% of all children do not have proper health insurance coverage.
Among the neighboring counties, Dallas County has the highest adult uninsured rate, at over 25%, while Denton County tends to have the lowest, with around 13% of adults uninsured. On a statewide scale, Gaines County has the highest rate of uninsured adults in Texas, at nearly 36%, while Loving County has the lowest rate, at closer to 11%.The average adult uninsured rate in Texas for 2021 was around 20.7%.
Nearly one in every five adults (close to 338 thousand people) in Tarrant County report issues with health.
Over 23% of Tarrant County residents do not engage in daily physical activities, which results in almost 31% of the residents being considered obese (with BMI 30 or higher). If it was not for Dallas County, Tarrant County would have the lowest obesity rate among its neighbors. Dallas County has the lowest obesity rate among neighboring counties, at less than 31% of residents, while nearly 45% of adults in Wise County are considered obese.
At least 5 health insurers in Tarrant County offer affordable and frequently subsidized ACA health insurance, on and off the state marketplace.
Health Insurance Analysis:
Health insurance is the most important type of insurance, and nearly 400,000 Tarrant County residents do not have it.
Texas allows a number of different health insurance and add-on options which makes it easier for residents to obtain coverage: you may select the Affordable Care Act (ACA) marketplace model, purchase short-term health plans (maximum term: 3 years), obtain hospital indemnity, and/or buy accident and health insurance policies, to create the most optimal coverage for your needs.
If health insurance is not purchased due to cost, low-income residents should apply for government subsidies, which can significantly reduce the cost of insurance coverage. If you do not have any pre-existing conditions, short-term insurance may be an option for you. (Note: Some recently introduced Texas short-term plans may provide coverage for selective pre-existing conditions after a year or more of continuous coverage)
Approximately a quarter of million of Tarrant County residents are seniors, who use either the Original Medicare, Medicare alternatives (like Medicare Advantage), or Medicare supplemental options (Medigap).
Contact a health insurance agent licensed in the state of Texas to discuss your options and to get advice about health insurance in Tarrant County. Only licensed professionals are able to make suggestions based on the assessment of your insurance needs.
Tarrant County Mortality and the End of Life Statistics
Tarrant County residents have a life expectancy of around 79.3 years, which is very close to the state’s average of 79.2. Among neighboring counties, Denton County has the longest life expectancy, adding nearly 3 years on top of Tarrant County, while Wise County is trailing with an average of 76.5 years old. Comparatively, Presidio County reports the highest life expectancy in the state of Texas, at 88.8, while Donley County - the lowest, at 72.8 years old.
In 2022, approximately 250,000 seniors (65 and older) resided in Tarrant County.
Life Insurance Facts:
In 2021, nearly half of Americans did not have any type of active life insurance policy.
Life insurance prices are based on how old you are at the time you begin a policy. If you are younger at the time of purchase, you will pay less money in premiums throughout your coverage period.
Motor Vehicle Fatalities in Tarrant County
Motor vehicle fatality deaths in Tarrant County statistically occur at a rate of 9.82 per 100,000 vehicles on the road An approximately 164 fatal crashes per year, where alcohol is determined to be the primary cause of more than 21% of all driving fatalities.
In 2020, Tarrant County reported over 27,000 total crashes, with 190 fatalities as a result.
Final Expenses – Tarrant County Funeral Home Cost
Funeral costs in and around Tarrant County vary greatly. The average cost of a funeral in Tarrant County is reported to be nearly $7,000, ranking third in the surrounding area. Parker County funeral homes have the highest average funeral cost, at over $9,000, while Ellis County funeral homes show the lowest cost, with around $5,000.
Life Insurance Analysis:
Approximately 46% of Americans die with less than $10,000 in savings, which means that many seniors in Tarrant County may require financial assistance from their loved ones upon their death. Rather than focusing on their loss, family members must redirect their attention to finding a way to pay the funeral costs.
Aside from burial expenses, the deceased frequently leave behind taxes and other debts for the family to deal with.
Term Life Insurance and Final Expense Insurance are the most commonly used life insurance policies to cover "final expenses" up to $50,000.
The most common life insurance policies used to leave money to the family are variations of Term Life Insurance and Whole Life Insurance, particularly Indexed Universal Life (IUL) insurance and Final Expense insurance.
A knowledgeable Texas licensed insurance professional can help provide advice about life insurance in Tarrant County.
