The average annual premium on compulsory vehicle insurance policies nationwide reached HUF 46,484.

In Budapest, the average premium fell 5% to HUF 66,318, while the average premium rose 3% to HUF 43,030 in the rest of the country.

The index does not include passenger cars in corporate fleets or those used for specific purposes, such as taxis; the MNB calculates these premiums separately.

Corporate fleet operators paid a HUF 49,862 premium per passenger car in Q1, up 3% from the same period a year earlier.