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If you need to add insulation to make switching to a different heat source worth it, then adding that insulation without switching will reduce your current utility bill. It's not like the insulation (or lack ther of) cares how the heat was generated.
It depends on your climate zone… most people piling on the insulation bandwagon live in really cold climates. In more moderate climates, insulation makes your house is hot in the summer, which means you need to run the air conditioning. I don’t run air conditioning in the summer because our home is naturally cool. There are more summer months that winter months; so there are trade offs and reasons for different construction decisions.
Insulation doesn't just keep heat in for the winter.
It keeps heat out for the Summer.
A lack of ventilation can cause buildings to overheat but anyone who seals up a building without adding a proper HVAC is a cowboy.
You can add insulation without reducing ventilation. Do it.