The price of compulsory insurance can become significantly more expensive

By the end of last year, compulsory insurance became 1 percent cheaper as a result of the epidemic, compared to a year earlier. According to the MNB’s data, the national average fee for KGFB fell below HUF 44,000, and stagnant fees were measured in the first quarter of this year – said the RTL In the news.

The joy of motorists cannot last long with according tobecause in the first half of the year, the number of accidents already showed a 10.2 percent increase compared to last year.

Motorists cause more accidents, even though the same number of cases would now cost insurers more: in one year, the price of spare parts rose by 16.5 percent, and repair costs rose by 16.4 percent, according to data from the KSH in July.

Because of this and due to the effect of the special tax imposed on insurance companies, the price of compulsory insurance may increase significantly, according to the brokerage firm interviewed by the news station: a 15-20 percent increase, with an average premium of over HUF 50,000 expected by the end of the year. Especially those who have caused damage in the past year can count on an increase.

Source: by

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