Italy is set to implement a significant change in vehicle insurance regulations with the upcoming enforcement of EU directive 2021/2118 in 2024. This directive mandates insurance coverage not only for vehicles that are actively used on the roads but extends the requirement to those that are parked in garages or left unused. The Italian cabinet has approved a legislative decree that will incorporate this directive into national law, pending scrutiny by Parliament, which will also clarify certain points regarding exemptions for vehicles that are essentially scrap or completely non-operational.

In addition to the broad requirement for insurance on all vehicles, the new decree introduces other beneficial changes within the insurance sector. These updates include the creation of more flexible insurance options specifically designed for vintage cars, seasonal vehicles, and those used in motor sports competitions. This shift aims to modernize the insurance landscape in Italy and ensure that all vehicles, regardless of their usage status, are properly insured.

The implications of this new regulation are substantial, as it emphasizes the need for all vehicle owners to maintain insurance policies, thereby potentially increasing the number of insured vehicles on the roads. It also presents an opportunity for insurance companies to innovate and cater to diverse vehicle categories with tailored policies. As Italy prepares for this significant shift, both consumers and insurers will need to adapt to these new requirements.