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
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.
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Shannon Martin
Answered on Mar 12, 2021
Shannon is an expert in personal lines liability insurance with 13 + years of insurance industry experience. She also served as a special insurance liaison to AARP members for 6 of those years. She is a graduate of UL Lafayette and currently resides in NY with her family. Shannon is also an amateur juggler, ukulele player, and is a time travel paradox theory enthusiast.
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