Avg Compulsory Vehicle Insurance Premium Close to HUF 52,900
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Hungarian car owners paid almost HUF 52,900, on average, for their annual compulsory vehicle insurance premiums in the fourth quarter, 11% more than in the same period a year earlier, a report by the National Bank of Hungary (MNB) shows.
Motorists in Budapest paid higher premiums: an average HUF 74,400, up 12%.
The average premium for individual policies covering taxis rose 13% to HUF 153,400, while the premium for trucks rose 10% to HUF 81,100.
The average premium for fleet passenger cars increased 16% to HUF 57,600.
There were about 4,120,500 compulsory vehicle insurance policies in Hungary during the period.
MNB noted that payouts on compulsory vehicle insurance policy claims increased 7%.
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