[azthecx]

And historically has this competitive market manifested itself? Or have insurance companies instead vastly changed from their 'distributed risk' origins and instead act more as corporate entities with profits at the forefront, where the moment you actually use them the cost of being insured rises?

[throwaway2037]

I don't think insurance companies need to distribute risk from auto insurance. They do, however, need it for property insurance. Floods, earthquakes, and fires and level thousands of homes quickly. There isn't any risk like that for driving.