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Wise County

Driving in Wise County

There are at least 57,392 automobiles in Wise County, Texas. This number accounts for approximately 0.25% of all vehicles registered in the entire state of Texas.Over 82% of Wise County drivers commute to work, and almost half of them commute for over 30 minutes.

An estimated 20% of Texas drivers are uninsured, with possibly over 11,000 vehicles uninsured in Wise County alone.

Auto Insurance Analysis:

  1. Over 57,000 automobiles registered in Wise County need insurance coverage. The required insurance coverage is based on the use of the automobile. Private Auto, Farm Auto, Farm Transportation, and Inland Marine are some types of auto insurance coverage. Auto Liability is required for all vehicles on the road.

  2. Driving without insurance is risky because the road is a high-accident zone. If you are caught driving without insurance, you will be fined, your vehicle may be seized, and your license may be suspended.

  3. Uninsured Driver Coverage is becoming more and more important because of the number of uninsured drivers in Texas. Residents of Texas spend at least $900 million every year on Uninsured and Underinsured Coverage.

To discuss your auto insurance in Wise County, contact a Property & Casualty (P&C) insurance agent licensed in the state of Texas.

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Car Insurance in Texas

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Wise County Housing

Wise County has around 26,009 housing units, with homeowners occupying over 78% of these homes and renters make up 22% of the housing market. In Texas, the average is closer to a 62/38 split. When compared to surrounding counties, Jack County has the highest homeownership percentage (81%). Tarrant County, with a homeownership rate of 60%, is the neighboring county with the lowest homeownership percentage. Most of the neighboring counties have residential units occupied by homeowners as well.

More than 13% of the housing units in Wise County are experiencing housing issues due to overcrowding, lack of plumbing, or issues with the kitchen. In approximately 15% of homes, residents spend more than 50% of their income on housing.

Housing Insurance Analysis:

  1. Over 26,000 housing units require insurance coverage in Wise County. Homeowner and Condo Insurance, and/or Business property insurance (for apartment complexes) are required for these housing units for the protection of their investment from damage/loss.

  2. There are close to 6,000 rental units in Wise County, and landlords usually have Landlord Insurance which protects the property itself from the tenant's claims.

  3. Tenants should purchase Renters Insurance to protect their valuables from any 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.

For consultation and advice about Homeowners, Renters, Condo, Flood, and other types of insurance in Wise County, contact a Property & Casualty (P&C) insurance agent licensed in the state of Texas.

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Residential Insurance in Texas

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Wise County Health

Wise County has a lower insurance rate compared to the state average. More than 1 in 5 of the residents in Wise County under the age of 65, including children, are uninsured. The county’s uninsured rate is 1% higher than the state average of 21%. Jack County has the highest uninsured rate, with almost 25% among surrounding counties, followed by Wise and Cooke Counties, at 22%.

The highest uninsured adult rate in the state of Texas is in Gaines County, at nearly 36%, while the lowest rate is observed in Loving County at just 11.4%. As of 2021, the average adult uninsured rate in Texas was around 20.7%.

Almost one-fifth of Wise County’s residents are in poor health.

There are more than 20,000 residents in Wise County that are physically inactive, with 45% of them being obese, which is a lot more than the state average of 31.4%. Compared to the neighbors, Denton County also has the second-highest percentage at 32%, while Cooke County has only 24%.

Only 1 health insurer in Wise County offers affordable and frequently subsidized ACA health insurance on and off the state marketplace.

Health Insurance Analysis:

  1. The most important insurance coverage is Health Insurance, and over 13,000 residents of Wise County do not have this insurance.

  2. Texas is one of the states that allows different types of health insurance and additional supplemental plans to be sold. This makes it easier for Texans to choose the coverage that meets their unique needs. These coverages are Affordable Care Act (ACA) health insurance, several types of Short-term insurance, Hospital Indemnity, Accident & Health, and so on.

  3. If low-income consumers can not purchase health insurance because it is too expensive, they should apply for government subsidies, which can greatly reduce the cost of insurance.

  4. Short-term health insurance and the corresponding supplemental policies may give further savings if there are no pre-existing conditions.

Discuss your health insurance needs with a state-licensed Texas health insurance professional with access to a variety of health insurance options available in Wise County.

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Health Insurance in Texas

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Wise County Mortality and the End of Life Statistics

Wise County residents have a life expectancy of 76.5 years, which is lower than the Texas average of 79.2. Among the neighboring counties, Denton County has the highest life expectancy with an 82-year life expectancy rate. Next to Denton County is Tarrant County with 79.3, and the county with the lowest life expectancy is Jack County, with 75 years.

In 2022, there were over 11,000 seniors in Wise County.

Life Insurance Facts:

  1. In 2021, 48% of Americans did not have an active life insurance policy of any type.

  2. Life insurance premiums are based on the age of the insured when the policy begins. The younger you are when you get it, the more you save in premiums throughout the policy’s lifespan.

Motor Vehicle Fatalities in Wise County

Motor vehicle fatalities occur at a rate of about 26.63 per 100,000 vehicles on the roads in Wise County. This amounts to an annual average of nearly 15 fatal collisions.

In 2020, Wise County had 907 crashes, with a resultant of 11 fatalities, according to the Texas Department of Transportation (TxDoT). Alcohol has been determined to be the primary cause of fatal crashes in Wise County, which is 24% of all driving fatalities.

Final Expenses - Wise County Funeral Home Cost

The average price of a funeral in Wise County is reported at almost $7,100. Comparatively, the average across Texas is closer to $6,200. Among the neighbors, Parker County has the highest funeral home cost of $9,000, while the lowest is Denton County with $5,800.

Life Insurance Analysis (continued):

  1. With 46% of Americans dying with less than $10,000 in assets, the cost of a basic burial can become a concern to 11,000 residents in Wise County, putting an unwelcome and often unpleasant strain on family and friends. Rather than mourning their loss, the family must concentrate on determining how to pay. (Note: If using life insurance as payment for the funeral services, most funeral homes require the policy to be “assignable”)

  2. Aside from the costs of burial, the departed frequently leave behind taxes and other debts for the family to deal with.

  3. Term Life Insurance and Final Expense Insurance are the most commonly utilized life insurance policies to cover "final expenses" up to $50,000.

  4. Variations of Term Life Insurance and Whole Life Insurance, particularly Indexed Universal Life (IUL) insurance and Final Expense insurance, are the most often utilized life insurance products to leave money to the family.

For a consultation and advice about life insurance options in Wise County, contact a life insurance agent licensed in the state of Texas.

Texas Insurance, Life Insurance, Term Life vs. Cash Value Insurance

Life Insurance in Texas

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