Avg Compulsory Vehicle Insurance Premium Close to HUF 52,900

Automotive

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Hungarian car owners paid almost HUF 52,900, on average, for their annual compulsory vehicle insurance premiums in the fourth quarter, 11% more than in the same period a year earlier, a report by the National Bank of Hungary (MNB) shows.

 Motorists in Budapest paid higher premiums: an average HUF 74,400, up 12%.

The average premium for individual policies covering taxis rose 13% to HUF 153,400, while the premium for trucks rose 10% to HUF 81,100.

The average premium for fleet passenger cars increased 16% to HUF 57,600.

There were about 4,120,500 compulsory vehicle insurance policies in Hungary during the period.

MNB noted that payouts on compulsory vehicle insurance policy claims increased 7%.

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