Motorists in Budapest paid higher premiums: an average of HUF 79,800, up 7%.

The average premium for individual policies covering taxis rose 15% to HUF 157,400, while the premium for trucks climbed 5% to HUF 92,400. The average premium for fleet passenger cars increased by 10% to HUF 71,000.

There were about 4,163,500 compulsory vehicle insurance policies in Hungary in Q1. The MNB noted that payouts on mandatory vehicle insurance policy claims had increased by 8% during the period