I think the price increases we have seen the past year or two will start abating soon. Most big P&C insurers lost money in 22-23 as premiums were not set high enough to cover claims (the labor and materials inflation from covid took years to fully work through the insurance system). That has changed now, with many P&Cs reporting quite healthy profits in 24. Allstate's EPS experience over time is typical. Eventually, price competition will eat away at this, as insurance customers are extremely price sensitive.
But in the long run, I think you'll see more people carry liability only on their cars or set higher deductibles on their comp/collision (if their lender allows). Same thing for homeowners, as @UTGrad98 says above. The days of insurance companies buying Texans a new roof every 15 years are probably over (and should be).
The real culprit is that it is fucking expensive to repair homes and cars now. The insurers are largely just the messenger on that.