AUSTIN — Homeowners in some parts of the Dallas area are paying hundreds of dollars more a year for insurance than their counterparts across town, even though they have similar homes, coverage and claim histories.
New rate figures compiled by the Texas Department of Insurance, analyzed by The Dallas Morning News, show wide disparities in the metropolitan area.
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"Arlington is simply not 37 percent riskier than for folks a few miles away in Plano," said Alex Winslow of Texas Watch, a consumer group that follows insurance issues. "These are similar communities with similarly valued homes that face the same weather risks."
Winslow said the differences show that insurance companies "are arbitrarily slicing and dicing communities and manipulating … rating models that ignore common sense."
Read More: The Dallas Morning News
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