Home insurance is considerably less expensive than auto insurance today. If auto insurance prices fell to the level of home insurance, then it does effectively

Home insurance is considerably less expensive than auto insurance today. If auto insurance prices fell to the level of home insurance, then it does effectively kill the industry as we know it. It’s not a very good comparison anyway, as home insurance covers a variety of perils which are often caused by human error (e.g. fire), as well as natural perils that are not really applicable to auto insurance (e.g. flooding due to plumbing issues, or roof damage due to wind storms).