Approximately 8-10 per cent increase in compulsory motor vehicle liability insurance (kgfb) compared to the previous year, but while in some segments there is a similar price to the previous year, growth may be up to 30 per cent higher in the rest of the world, Netrisk.hu said. The average fee can be around 25,000 HUF.

By midnight on Thursday, all 13 insurance insurers announced their new kgfb tariffs. This year, drivers will first meet with the insurance tax incorporated in the prize, so unlike previous years, all 13 insurers announced a new tariff. About 1.3 million motor vehicles, including nearly 900,000 car drivers, and Netrisk.hu estimates that up to 150,000 kgbb of contracts can be exchanged in the coming weeks.

According to the test calculations, the average fee for new contracts will be around 25-26 thousand forints, an 8-10 percent increase over last year. This is somewhat behind the estimated 10-15 percent premium rate justified by market processes, which shows that competition in the kgfb market remains strong.

In addition to the vehicles involved in international traffic, the vehicles involved in road passenger transport can be subject to significant additional costs, and this year, for the first time, insurance companies are also counting multiplication rates for passenger cars.

More than ever, it is worth paying the annual fee in one amount, electronically, with up to 25-30 percent premium on quarterly check-ins. Additionally, insurers will also be awarded a significant co-payment discount this year, when someone concludes a bargain with a kgfb or a home insurance contract.

The next year's index fee for current contracts must be sent to customers by at least 50 days before the end of the anniversary – at the end of the year-end contract – by the end of the anniversary, who may, by the end of December, change their present contract. Those who opted to electronically have opted for a discount, they can not wait for their insurance agent's e-mail by mail, said Netrisk.hu.

The Insurance.HU has informed MTI that according to their latest data, the unpaid increase in kgfb in the last six years will continue next year. (Although rising prices are still far from their starting level in 2004, from nearly 45,000 forints.) Motorists have to "activate themselves" to avoid price increases, and they have time to switch to insurance until December 1.

Rising prices may be caused, among other things, by increased component prices and rising hourly fees, as well as rising car technical content.

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