CA SB1107

Increases California's minimum auto liability insurance requirements effective January 1, 2025, from $15,000/$30,000/$5,000 to $30,000/$60,000/$15,000 for bodily injury per person/bodily injury per accident/property damage

Further increases minimum coverage on January 1, 2035, to $50,000/$100,000/$25,000 for bodily injury per person/bodily injury per accident/property damage

Raises the cash deposit alternative to insurance from $35,000 to $75,000 effective January 1, 2025, and to $125,000 effective January 1, 2035

Requires the Insurance Commissioner to distribute bulletins soliciting rate applications by February 1, 2023 (for the 2025 changes) and July 1, 2033 (for the 2035 changes)

Applies to both regular motor vehicle owners and owners of vehicles used to transport passengers for hire (including taxicabs) not regulated by the Public Utilities Commission