Keep going down the average price of motor liability policies. In the second quarter of 2019 – according to the latest statistical bulletin published by the Insurance Supervisory Institute (IVASS) – registered on the Italian market a 1,5% drop compared to the same period last year.
From the survey it emerges therefore that the average premium paid by Italians for motor liability insurance is equal to 405 €, the lowest since IVASS records the trend. However, the price swings are very large, considering that 50% of policyholders pay less than €362 and 10% managed to get rates below 226 euros.
The decline is not homogeneous even from a territorial point of view. “Prices decrease more in the South and in the islands – writes IVASS – in Enna, Caltanissetta, Catanzaro and Vibo Valentia they are reduced by an average of 4,5%”.
However, this does not mean that the trend does not also involve large cities: "In Rome, prices have decreased by 4% in the last year".
Decisive for the price drop is the fact that 89% of policies benefit from a discount, on average 34%. "Traditional companies tend to grant higher discounts to larger percentages of policyholders", the Supervisory Institute points out.
In turn, the discounts are often linked to the use of the black box, increasingly widespread in our country, albeit in a very heterogeneous way and with a strong concentration in the South. In Caserta, for example, 63% of motor liability insurance contracts provide for the installation of the black box.
