The Government has approved a new bonus to reduce the cost of car insurance, called the RC car bonus. This incentive is part of the Omnibus Decree 2024, converted into law, and aims to offer a discount on insurance premiums for motorists. In this guide, we take a detailed look at how it works, who can benefit from it and when it will be available
.
What is the RC Auto Bonus
The 2024 RC car bonus is a state economic contribution aimed at Provinces and Metropolitan Cities, with the aim of reducing the cost of insurance policies for citizens. The Government has allocated 20 million euros through the Omnibus Decree, and these funds will be distributed to local governments. Provinces and metropolitan cities will then be able to use them to start collaborations with insurance companies and offer discounts
on RC cars.
This measure aims to support local governments, which in recent years have experienced a contraction in tax revenues related to the automotive sector, especially as a result of the pandemic. The bonus aims to stimulate the automotive sector and reduce insurance costs for motorists, while improving local
tax revenues.
How the RC Car Bonus Works
The RC car bonus does not provide direct recognition of the discount for motorists. The Provinces and Metropolitan Cities will receive the funds and will have the right to decide how to use them. They will determine how to reduce the cost of car policies, starting collaborations with insurance companies
.
The resources will be distributed based on the tax losses suffered by local governments. This means that administrations that have recorded a greater drop in revenues related to the automotive sector will receive a larger share of the funds allocated, and as a result they will be able to offer more substantial
discounts.
The discounts on the insurance premium will not be uniform across the country: administrations that have suffered greater losses will be able to offer more significant discounts than those that have suffered smaller losses.
To know the exact amount of the discount in your Province or Metropolitan City, it is advisable to contact the competent local offices, which will provide more details after the publication of the implementing decrees.
When Will the RC Auto Bonus Be Available
The RC car bonus will take effect on October 9, 2024, the day following the publication of the Omnibus Decree 2024 converted into law in the Official Gazette. However, to see the concrete effects and obtain a discount on insurance policies, it will be necessary to wait for the implementing decrees from
local governments.
It is expected that the first benefits of the bonus will be visible to motorists already in the first months of 2025, when the Provinces and Metropolitan Cities have defined how to manage the funds and implemented the discount policies.
The 2024 RC car bonus represents an important opportunity to reduce the cost of insurance policies. However, the distribution of the discounts will depend on the decisions of local governments, which will use the funds allocated according to their tax losses. It is therefore advisable to stay updated on the implementing decrees that will be published in the coming months to know how and when it will be possible to benefit from
the discount.
