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Q2 Vehicle Insurance Premiums Average HUF 52,083

Automotive

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Hungarian motorists paid HUF 52,083 for their annual compulsory vehicle insurance premiums, on average, in the second quarter, 12% more than in the same period a year earlier, according to a report published by the National Bank of Hungary (MNB).

Motorists in Budapest paid higher premiums: an average HUF 75,688.

The average premium for individual policies covering taxis rose 8% to HUF 142,529, while the premium for trucks rose 9% to HUF 91,929. The average premium for fleet passenger autos increased by 25% to HUF 74,802.

There were 4,089,488 compulsory vehicle insurance policies in Hungary during the period.

The MNB noted that payouts on mandatory vehicle insurance policy claims increased by 10%.

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