Avg Compulsory Vehicle Insurance Premium up 5%

Figures

Image by Pixabay

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.

Hungary Signs HUF 6 bln Tied Aid Deal With Kenya Analysis

Hungary Signs HUF 6 bln Tied Aid Deal With Kenya

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.