Report: Mandatory car insurance premiums up 30%

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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.


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