On Thursday, the Trump administration announced its first plan to limit auto insurance premiums.
The new rule will apply to any car owned by an individual or to a business that sells or leases cars.
“In many cases, auto insurance can be very expensive,” the White House said.
A typical policy will run from $2,500 to $3,000 per person.
Some consumers will be able to qualify for less, but the White Department said the policy will not cover any additional costs associated with driving.
Auto insurance is often used by consumers to offset the cost of owning a car, and the administration said it would make the cost per mile of an individual policy the same as that for a family policy.
This is a major shift for auto insurance companies.
In recent years, most insurance companies have paid out more than $10 billion to individuals and families.
Trump has pledged to double this figure to $50 billion over the next four years.
While Trump said he would not cut funding for the National Highway Traffic Safety Administration, he will ask Congress to give $5 billion a year for three years to fund the agency.
House Speaker Paul Ryan has said he will also support a $10-billion fund to repair the nation’s roads.
There are currently about 3 million cars on the roads, according to the Federal Motor Carrier Safety Administration.
Under the new rule, the government would be required to make sure that any policy bought by individuals will have coverage for the entire lifetime of the car.