Factors That Influence the Cost of Auto Insurance in Seth Ward Texas
Factors That Influence the Cost of Auto Insurance in Seth Ward Texas
Seth Ward Texas Car Insurance

If you are considering getting auto insurance in Seth Ward Texas, there are some important factors to consider. Here, we will discuss how the median age in Seth Ward Texas is influenced by auto insurance rates. We will also discuss how income levels vary among Seth Ward Texas residents, and the factors that determine how much auto insurance costs.

Seth Ward Texas car insurance median age

If you're wondering about the median age of drivers in Seth Ward, Texas, you've come to the right place. The median age is twenty-two and is among the highest in the state. The median home value in Seth Ward, TX is $42,000. This number is down from the previous year, when it was $44,000. The homeownership rate is 77%, which is higher than the national average of 64.4%.

The population of Seth Ward, TX is 1.88k, with a median age of 30.2 years. This includes both foreign-born residents and native-born residents. The median age in Seth Ward was thirty-two in 2020; however, that figure was slightly lower. Those who were born outside the United States made up nearly twenty-four percent of the population, despite the fact that the median age is thirty-two. The most common ethnic group among the citizens of Seth Ward, TX is White (Hispanic), followed by White (Non-Hispanic) (303). The third-most common race is Black or African-American (1.75%).

The median household income in Seth Ward, TX is $39,141, which is lower than the national median of $64,994. This represents a 10.4% increase in income over the last year. In Seth Ward, Texas, the sales tax rate is 8.3% and the income tax rate is 0.0%. Taxes can have a large impact on the cost of living. The median household income in Seth Ward is twelve thousand three hundred and thirty-three dollars a year. The US average annual salary is $28,555.

While there are a variety of demographic indicators affecting the car insurance market in Seth Ward, TX, the most common employment sectors are White and Hispanic. The lowest-paying industries in the area are Construction, Manufacturing, and Sales & Warehousing.

Seth Ward Texas car insurance income inequality

In Seth Ward, TX, White people are the most likely to fall below the poverty line. Next to them are Hispanics and Blacks. These statistics are based on Census data that are tagged to residential addresses. According to this data, if a family's income is less than the poverty line, it is considered to be living in poverty.

Households in Seth Ward, TX pay an average of $800 per year for property taxes. This is among the highest property tax rates in the nation. Additionally, in Seth Ward, TX, 77% of housing units were occupied by owners in 2020, compared to the national average of 64.4%.

In Seth Ward, TX, the median age was 30.2 in 2020, and the median household income was $39,141. The majority of the population was US-born, while the minority was foreign-born. In 2020, the majority of the residents of Seth Ward, TX were white. In contrast, the number of non-white residents was just 303.

While there is still a wide range of income inequality in Texas, it is still far less than in the United States. The US average household income is $53,482 a year. This is significantly less than in Seth Ward. As a result, those of middle-class families should not be concerned about the cost of car insurance.

Factors that influence auto insurance rates in Seth Ward Texas

The amount you pay for auto insurance is determined by a number of factors, including your zip code and driving history. You will also need to consider how much you drive and whether you are married. There are a number of ways to get the best deal on insurance.

Average cost of auto insurance in Seth Ward Texas

In Seth Ward, TX, average car insurance rates are based on a variety of factors. The age of the driver, the type of car they drive, and the deductible that they choose all contribute to the cost of auto insurance. The higher the deductible, the lower the premium. Teens are often charged higher rates than adults because they are considered less responsible drivers. Middle-aged drivers are often charged less.

The median home value in Seth Ward, TX is $42,600. Seth Ward has a high homeownership rate, with 77% of households being homeowners. While property values are lower than the national average, they still represent a significant portion of the local economy. In fact, Seth Ward has one of the highest homeownership rates of any city in the United States.

Purchasing appropriate auto insurance is a better choice than relying on state minimum coverage. The auto insurance company will most likely want to see that you carry comprehensive and collision coverage in addition to liability insurance. You can also save money by comparing rates from several car insurance companies. These quotes will help you find the lowest premiums for your needs.

Seth Ward, TX is home to 1.88k residents. Eighty percent of residents are US citizens. The other twenty-eight percent of residents were born outside of the US. The majority of Seth Ward residents are White (Hispanic), although there are several other ethnic groups. Other ethnic groups are Black or African American, and American Indian and Alaska Native.

Teen drivers are among the most expensive drivers. Their average premium is $5,426. Teens also have a higher risk of accidents. As you get older, your premium will go down.

Average commute time to work for Seth Ward Texas car insurance providers

In order to get the best possible price on car insurance, you should research the factors that influence the cost of your Seth Ward Texas policy. If you know what influences your car insurance costs, you can take steps to reduce them. The following are a few factors to consider.