A “silent blow of over 2 billion euros” has hit Italian motorists, determined by the slow but inexorable “increase in car insurance rates recorded starting from the second half of 2022”. This was stated by Codacons, which published a report on the topic comparing the Ivass provincial data which shows how some cities are more penalized than others in terms of growth in insurance rates.
In Italy, the average price of the car insurance policy, according to Codacons, went from 353 euros in January 2022 to 414 euros in September 2024, with an overall increase of +17.3% and an increase in expenses of 61 euros for insurance coverage . If we analyze the trend in the individual provinces, however, we discover that in the period considered 12 cities recorded an average growth in tariffs of more than 20%.
The record belongs to Rome, where the cost of the policy went from 379.7 euros at the beginning of 2022 to the current 483 euros, with an increase of 27.2% and an average greater expense of even +103 euros per insured. Among the most penalized cities are Cagliari, where rates rise by 22.5% (almost +79 euros per policy), Pordenone (+21.5%), Massa-Carrara and Caltanissetta (+21.3%).
Only 4 cities in the period considered recorded average increases of less than 10%: the most virtuous provinces are those of Calabria, with Reggio Calabria seeing policies increase on average by only 4.4% (+17.4 euros per insured), followed from Cosenza (+7.9%, +24.7 euros) and Catanzaro (+8.6%, +28.7 euros).
The highest cost of car insurance is recorded today in Prato, with an average of 601 euros per policy, up by +19.2% on January 2022, equal to approximately +97 euros per motorist; in second place Naples with 595 euros, but with a smaller increase compared to two years ago, +11.6%.
The lowest price is recorded in Enna (on average 294 euros). Considering the 32.9 million cars insured in Italy, the growth in tariffs has determined in the last two years “an overall blow of over 2 billion euros to be borne by Italian motorists”, calculates Codacons.
“Italian motorists continue to suffer from the growth in car insurance rates, which from the second half of 2022 have reversed the trend and started to rise again in all cities”, says the president of Codacons Carlo Rienzi. “And this happens despite the fact that insurance companies – he adds – are recording staggering profits which, according to Ivass, have reached 8 billion euros in 2023, up by +249% compared to the previous year. We believe there are all the conditions to start careful monitoring of the sector aimed at ascertaining the causes of the disproportionate increases in insurance costs to the detriment of users”.