Gov. Arnold Schwarzenegger signed Assembly Bill 1871 into law today enabling Californians to share cars in carsharing pools without invalidating their insurance policies. The new law goes into effect January 1, 2011.
Currently, Californians can't exchange money for sharing cars without invalidating their car insurance.
The new law could accelerate the growth of an already fast growing car-sharing industry, at first in California and later across the US as the legislation is adopted in other states. Existing car-sharing services could expand their fleets by allowing car owners to share their cars through their services.
The new law will also remove the biggest barrier to the growth of next generation car-sharing services in California like Spride Share, RelayRides, and Getaround that enable neighbors to rent cars directly to and from each other.
While a significant advance in the car-sharing industry, Shareable agrees with Alex Steffen of Worldchanging that we need to think beyond the car in re-patterning society for health and sustainability. Below is Assemblymember Dave Jones' press release about the new law.
(SACRAMENTO) – First-in-the-nation legislation allowing Californians to share their personal cars in car-sharing pools without risking the loss of their personal auto insurance coverage was signed into law by Gov. Arnold Schwarzenegger’s on September 29, 2010.
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