Allstate Raising Homeowner Rates Beginning in January
The Dallas Morning News—December 16th, 2011
AUSTIN — Allstate Insurance is raising premiums for homeowners coverage in January, with increases in the Dallas-Fort Worth area ranging from 3.5 percent to 7 percent under a rate plan filed with the Texas Department of Insurance.
The company’s filing indicated that customers of Allstate Texas Lloyds will see a 3.5 percent jump in rates in North Texas and 5.7 percent statewide, while those insured by Allstate Fire and Casualty face an increase of up to 7 percent in North Texas and 9.8 percent statewide.
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“At what point is enough enough,” said Alex Winslow of Texas Watch, which closely follows insurance issues in the state.
“This is exactly what we expected would happen after the commissioner refused to stand up to State Farm on their rate plan,” he said, referring to recent premium increase by the state’s largest insurer.
“Now we have another big insurance carrier coming in for another big rate increase. Consumers shouldn’t be surprised, but we should expect better.”
Read More: The Dallas Morning News (subscription required)
