The end-of-year mandatory motor vehicle liability insurance (kgfb) campaign starting at the beginning of November affects around 800,000 vehicles, including more than 400,000 passenger cars, and experts expect 70-80,000 contract changes during the changeover period, reports MTI.


Gábor Kozma, that Insura.hu according to the CEO of the insurance broker, vehicle owners can expect a maximum premium increase of 5 percent compared to last year. The average annual fee for newly concluded online contracts for passenger cars will be around HUF 33,000-35,000, but due to the recently observed intensification of market competition, the average fees may even decrease.

The average price expected in the campaign is significantly lower than that of mid-year promissory notes, which, according to the company’s data, was nearly HUF 61,000 in the previous quarter.

The difference can be explained mainly by the special composition of the affected cars, since as of January 1, owners of vehicles purchased before 2010 can typically change contracts. In addition, almost 95 percent of them have the most favorable B10 bonus rating, while only about a third of the entire staff is in the most favorable category.

The reason behind the fact that fewer and fewer people change insurance during the year-end campaign period is that the number of motorists who are completely passive about their insurance can be put at 2-2.5 million: