The Brothers of Italy party, led by a one-time supporter of dictator Benito Mussolini, Ms Giorgia Meloni, is leading opinion polls and looks set to take office in a coalition with the far-right League party and former prime minister Silvio Berlusconi's Forza Italia.
Ms Meloni, 45, who has campaigned on a motto of "God, country and family", is hoping to become Italy's first female prime minister.
Voting began at 0500 GMT (1pm Singapore time) and was set to close at 2100 GMT.
Many voters are expected to pick Ms Meloni, "the novelty, the only leader the Italians have not yet tried", Mr Wolfango Piccoli of the Teneo consultancy told AFP.
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