Motorists pay 3% less for compulsory vehicle insurance

Automotive

Motorists in Hungary paid an annual premium of HUF 44,027, on average, for compulsory vehicle insurance in the third quarter, down 3% from the same period a year earlier, an industry gauge compiled by the National Bank of Hungary (MNB) shows, according to a report by state news wire MTI.

Premiums for motorists in the capital averaged HUF 61,423, falling 11% in a year. Outside of the capital, premiums stood at HUF 40,934.

The index does not include passenger cars that are in corporate fleets or those used for specific purposes, such as taxis; however, MNB calculates these premiums separately.

Taxi drivers paid an average annual premium on their compulsory vehicle insurance policies of HUF 129,352 in Q3, dropping 22% year-on-year.

The average premium for a passenger car in a corporate fleet was HUF 57,274, up 6% from a year earlier.

Hungary Account Deficit at EUR 561 mln in Q4 Debt

Hungary Account Deficit at EUR 561 mln in Q4

Moldovan Pensions to be Increased as of April 1 World

Moldovan Pensions to be Increased as of April 1

Schoenherr Names Miklós Klenanc as Head of Local M&A Practic... Appointments

Schoenherr Names Miklós Klenanc as Head of Local M&A Practic...

Hungarian Wine Marketing Agency to Host Summit Drinks

Hungarian Wine Marketing Agency to Host Summit

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.