MABISZ: Mandatory vehicle insurance premiums little changed

Automotive

The average annual premium for mandatory vehicle insurance policies in Hungary was HUF 20,094 in Q1-Q3, practically level with a year earlier, but well under those in most other European Union member states, professional association MABISZ announced today.

MABISZ noted that the figure includes premiums paid on policies for almost 4.2 million vehicles, including commercial ones. Premiums on policies for passenger cars average HUF 13,000-14,000, the association said.

The average premium works out to about €66. In Germany, the average premium is €228. It is €267 in Greece, €115 in Romania and €171 in Cyprus.

ADVERTISEMENT

Bourse Turnover Reaches HUF 230 bln in February Figures

Bourse Turnover Reaches HUF 230 bln in February

Hungary Makes Proposals to Ease Administrative Burden for EU... EU

Hungary Makes Proposals to Ease Administrative Burden for EU...

Money Motion 2024: The Future of FinTech Unfolds in Zagreb Fintech

Money Motion 2024: The Future of FinTech Unfolds in Zagreb

Investors of the Year in Limelight at Hipa’s Award Ceremony Awards

Investors of the Year in Limelight at Hipa’s Award Ceremony

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.