How will California’s proposed ban on sales of new gasoline cars affect car insurance rates?
I heard on the radio that California might ban gas-powered cars in the next 15 years. I own a car in California. What is that going to mean for my auto insurance rates?
Answer provided by
Answered on Mar 12, 2021
Since we don’t have a way of knowing the future, we can look to the past for guidance.
In most cases, when cars come out with new features, the comprehensive and collision cost can be a little higher. As electric vehicles become more common, the cost to repair them should decrease as the availability of parts increases over time. Once this happens, there will be a decrease in first-party coverage premiums (comprehensive and collision).
The type of car you drive is only a part of what determines the overall rate of your policy. All things being equal, the best way to keep your premium low is to maintain a safe driving record.
Did this answer help you?
Ask us a question by email and we will respond within a few days.
Have a different question?
You can meet us at our office and discuss the details of your question.
Browse by topics
What others are asking
Should I renew my car policy with my soon-to-be ex?
I'm divorcing my husband and I plan to buy a house. My soon-to-be ex and I are getting a discount on our car insurance, but the policy's up for renewal soon. Should I renew the same policy, or should I get my own and bundle it with the home insurance for the new house?
Mar 12, 2021
Do I need to have car insurance before I get my driver's license?
I'm about to get my driver's license (whoooo!) but I don't own my own car. I don't have car insurance right now. Do I need it before I take my test?
Mar 12, 2021