Report: Mandatory car insurance premiums up 30%
Mandatory vehicle insurance premiums in Hungary have seen a 25-30% rise this year, chiefly due to an increase in payouts on claims, Hungarian economic daily Világgazdaság reported today.
As payouts on claims rose almost 22% in June, the average annual premium for passenger cars climbed over HUF 26,000, the paper said. László Sebestyén, head of online insurance broker Netrisk, told the paper that annual premiums, according to his calculations, could end the year at around €100-€120.
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.