23 June 2021
ECR Shadow Rapporteur Eugen Jurzyca has welcomed the final agreement reached in a Trilogue meeting on the new rules on motor insurance directive (MID) on Tuesday evening.
The need to revise the current MID was, among other things, linked to a former ruling of the Court of Justice of the EU, which confirmed a general obligation to insure every motor vehicle, including electric bicycles.
“I welcome the agreement. For me, it was important to maintain the highest possible level of protection for victims of accidents at the lowest insurance cost, and I hope we managed to achieve it.
“Under the final agreement, electric bicycles with a maximum speed of 25 km per hour, motorsport vehicles, and heavy and slow working machines with a speed of up to 14 km per hour will not have to be covered by the compulsory insurance.”
Jurzyca anticipates that in future, victims of accidents will be compensated more quickly, even in cross border cases and when the insurance company is insolvent. Insurance firms applying the so-called ‘bonus-malus system’, meaning that prices are adjusted according to customers’ accident histories, will have to apply the very same conditions in a non-discriminatory manner to all citizens of the Union, also taking accident history statements issued in other Member States into account.
The new rules will enter into force two years after their possible adoption which is expected after the summer break. The Commission will draw up an evaluation report on how the rules have worked in practice seven years later.
16 July 2021