Price of casco policies keeps decreasing

Telco

Casco fees have dropped from HUF 90 000 to HUF 66 500 in H1, the data of kotelezo.hu, an online site on vehicle insurance reveals. However, the decline of fees has not resulted in the increase of new policies: only every fifth car owner has a comprehensive vehicle-insurance contract.

Lóránt Lantos, head of kotelezo.hu, attributes the drop in fees to discounts offered for those buying both mandatory and comprehensive vehicle insurances. As a result, average fee of casco policies has decreased by almost 30% in a year.

Many car owners are still not aware of the price drop: 59% of drivers have not learned about it, though would consider buying a policy, the survey shows. Lack of information is typical among those already having casco contracts. Many people simply extend their existing policies and often pay HUF 25 000-30 000 more than necessary.

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.

Support the BBJ

Tech