Hungarian car owners paid HUF 56,000, on average, for their annual compulsory vehicle insurance premiums in Q4, 1.7% less than a year earlier, a report by the National Bank of Hungary (MNB) shows.
Motorists in Budapest paid higher premiums: an average HUF 80,700, practically level with the same period a year earlier.
The average premium for individual policies covering taxis rose 1% to HUF 170,200, while the premium for trucks was unchanged at HUF 85,100.
The average premium for fleet passenger cars increased 11% to HUF 77,000.
There were about 4,206,200 compulsory vehicle insurance policies in Hungary during the period.