The Facile.it Observatory recently revealed that drivers are facing record prices for the 'Car insurance in Italy. Last month, the average premium for compulsory insurance jumped to 614,39 euros, recording an increase of over 130 euros compared to September 2022. This situation positions Italy as a leader in the cost of car insurance policies in Europe, with only the UK surpasses our figures.
Car insurance in Italy, European record
If you had the impression of spend too much for car civil liability (car liability), your concerns are well founded. Italy holds the unenviable European record for car insurance premiums, despite Italian purchasing power being notoriously lower than that of Norwegian or French motorists. According to IVASS (Institute for Insurance Supervision), which based its annual report on 2021 data, in Italy the 27% more than to the average of other European countries. This data refers to 2021, the latest year in which comparable data is available.
To go into detail, the average net premium of a car liability insurance policy in Italy, which means excluding the tax and parafiscal burden, reaches in average 289 euros. In comparison, Spain and France respectively record 177 euros, Germany 240 euros, and the United Kingdom (which, it should be noted, is not part of the European Union) reaches the record of 315 euros, positioning itself as the only country to surpass Italy in this classification.
The European average
The European average of car insurance premiums it is around 228 euros, and this could be considered as a positive note. In 2012, the gap betweenItaly and the rest of Europe it was 195 euros, while today it has been reduced to 61 euros. A situation that continues to represent a challenge for Italian motorists looking for cheaper rates.
