Avg Compulsory Vehicle Insurance Premium up 5%

Figures

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Hungarian motorists paid HUF 46,746 for their annual compulsory vehicle insurance premium, on average, in the third quarter, 5% more than in the same period a year earlier, state news wire MTI writes, citing a report by the National Bank of Hungary (MNB).

Motorists in Budapest paid higher premiums: an average HUF 65,570.

The average premium for individual policies covering taxis stood at HUF 137,197 and the rate for trucks was HUF 84,256, both 8% higher than a year earlier.

There were 4,006,274 compulsory vehicle insurance policies in Hungary during the period.

MNB noted that payouts on compulsory vehicle insurance policy claims increased 12% during the period.

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