Wow! It’s expensive to insure a car here in Italy. I pay over 1,400 Euros for what in the UK would be 3rd party fire and theft.
I can’t even think about fully comp cover here – it is prohibitively expensive.
Back in the UK I could probably insure three cars fully comp for what I pay here. Tried to pay the insurance online, but the bank’s server seems to be down. Will try again later. My car is nearly ten years old, by the way but has a big engine and 4 wheel drive – which seems to up the insurance cost a little. Road tax is also pricey at €250 a year. The thing is I don’t even use the car here in Milan, I use public transport and walk.
Finding a parking place is virtually impossible or very expensive. Maybe I’ll get rid of the car, or get something that is cheaper to insure. I pay €150 a month for the privilege of keeping the thing in a garage, too. Luckily the VAT (IVA here) is deductible, and I avoid having the poor vehicle broken into or getting some fine for leaving it in the wrong place, or forgetting to move it when they come and clean the roads.
Raffaele says
Dunno what you intend with full comp.
Car insurance in Italy is atroiously expensive and it is a legal theft itself, as it is required by law. It covers the damages in accidents and wounds caused to third persons involved in accidents. Coverage for theft and fire events are optional features that you can refuse to subscribe at your own risk.
Alex Roe says
Hi Raffaele,
Fully comp is more or less ‘casco’ in Italian. Yes, insurance is high and insurance prices are tied to risk – the greater the risk of accidents (or theft etc) the higher policies tend to be – ask an actuary, if you know any. Insurance may be high in Italy because lots of accidents happen.
Third party liability cover is often a legal requirement – everything else is tacked on (in the UK and in Italy) – depends on what you want and what you can afford.
Best,
Alex