Mandatory Car Insurance Costs Drop Significantly, While Comprehensive Premiums Rise
The cost of mandatory motor third-party liability insurance (kgfb) in Hungary decreased by 12% in the second quarter of this year compared to the same period in 2025. The average premium for this mandatory coverage was 59,000 Hungarian Forints. In contrast, premiums for comprehensive car insurance (casco) saw an increase of 3.8% during the same timeframe. The average casco premium reached 213,000 Hungarian Forints.
The divergence in pricing between mandatory third-party liability and optional comprehensive car insurance suggests shifting market dynamics and risk assessments. A decrease in mandatory insurance costs could be influenced by factors such as increased competition among insurers, regulatory adjustments, or a perceived reduction in overall claims frequency for this specific coverage. Conversely, the rise in comprehensive insurance premiums indicates that insurers may be facing higher claims costs, increased repair expenses, or a greater frequency of claims for damages covered under these policies. This trend highlights the differing risk profiles and operational challenges faced by insurers across various insurance products, potentially prompting consumers to re-evaluate their coverage needs and the associated costs in the evolving automotive and insurance landscape.
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