I used to use our states Farm Bureau Insurance for property and vehicle insurance. They were the most competitive provider around for a long time. Until about five years ago anyways. Now their premiums are a joke and they're trying to demutualize so they can merge with an out of state competitor because they're on the verge of financial collapse.

Too many catastrophic wind storms over a short period of time.

Edit: kind of ironic that an organization which spent years denying the existence of climate change and lobbying to prevent legislation to address climate change is now suffering the consequences of climate change.

Not to mention in some places you can't start a new insurance company. In order to get licensed as an insurance provider in my state you have to partner with an existing insurance provider.

This guy insurances

Insurance risk pools are by states because insurance is regulated that way. However State Farm is being investigated for trying to blend state risk pools and increasing rates going against the data.