Motorists Pay HUF 52,599 in Annual Vehicle Insurance Premiums

Automotive

Hungarian motorists paid almost HUF 52,500 for their annual compulsory vehicle insurance premiums, on average, in the third quarter, according to a report published by the National Bank of Hungary (MNB) on its website.

The amount was 12% more than in the same period a year earlier.

Motorists in Budapest paid higher premiums, with the average yearly fee coming to HUF 75,000.

The average premium for individual policies covering taxis rose 11% to HUF 146,900, while the premium for trucks rose 10% to HUF 92,100.

The average premium for fleet passenger cars increased by 19% to HUF 75,900.

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