Mandatory liability insurance premiums have increased so much this year

The average fee for compulsory liability insurance for normal-use cars increased to almost 60 thousand HUF in the first quarter. This is 4.6 percent higher than a year earlier. Profession is only a hair loss from the degree of inflation. At home insurance, the government had a voluntary fee stop, but did not ask for it for compulsory insurance.

While In December 2024 57 324 HUF was in the kgfb Its average annual fee, 1.2 percent less than in the previous quarter, rose to 59,103 forints by the end of April, a growth of 3.1 percent, the National Bank of Hungary says in a recent KGFB index.

In December, rural motorists paid only an average of HUF 28,000 less than those living in the capital, but by the end of April the difference had increased to 30 thousand HUF.

Budapest people spend an average of HUF 84.9 thousand on the annual mandatory, for people living in the countryside it is only 54.7 thousand HUF. The average annual fee increased by 4.6 percent annually, including 6 in the capital and 4.3 percent for contracts. On a quarterly basis, it is only 0.5 percent on a quarterly basis, while its annual growth rate was 1.1 percent.

The government did not expect a voluntary fee stop for the mandatory

The government margins introduced in, and the banks To telecommunications After companies in the home insurers they also voluntarily restricted their fees. However, it did not expect service providers in compulsory securing cars, although it had previously been extended by KGFB. The average annual price increase of the mandatory 4.6 percent annuality was only a hair, which was 4.7 percent in March, according to the CSO.

The mnb Corrected KGFB index is used to measure the reasoning of price changes, Therefore, it presents the net fee change with the insurance tax and the impact of damages and reserves. At the end of April, it stood 136 percent, showing a slight increase in the first quarter. The rise at the beginning of the seasonal year was more moderate, but the previous quarter decline did not continue.

Relatively was the most expensive in 2021 KGFB

The corrected index was at the top in the first quarter of 2021, meaning we paid the most for mandatory liability insurance. The restrictions resulted in less than expected damage, but the average fee increased, resulting in overpricing. The fees have not changed significantly since then, but the damage has increased significantly, so the corrected index has been closed.

Among other vehicles Little and larger buses and heavy trailers were reduced, a In other categories, average annual fees have increased moderately. Fleet vehicles were only less than heavy trailers. The increase in fees alone is extremely high for taxis, 17 percent.

The MNB pointed out that the published data show the average change, and the degree of individual KGFB contracts may be different. If someone is not satisfied with the KGFB fee and the quality of service, on the anniversary of contract can switch free of charge. You can select the most favorable insurance offer to you and enter into a new contract.