On average, the premium for new compulsory motor insurance increased by 15 percent at the beginning of the year-end campaign

The online insurance brokerage portal recalled that all 12 insurance companies involved announced new tariffs at the start of the KGFB campaign.

Most customers will be able to apply many discounts this year as well in order to achieve a favorable price. According to the experience so far, 93 percent of motorists decide to pay the annual lump-sum fee instead of the reduced fee, this rate was 92 percent last year. In order to save more, a significant majority also chooses the form of electronic fee payment, the proportion of those requesting a check decreased from 16 to 11 percent in one year, Netrisk.hu reported.

According to the announcement, the e-communication discount is also popular this year, in exchange for which the customer undertakes to communicate with the insurance company electronically rather than by post. Additional insurers are using the initiative that was widespread last year, which comes after the use of winter and summer tires. This year, some insurers also reward you if the car's mileage does not reach a certain level during the daily commute. In addition, a new element is the discount that motorists receive when they provide the current odometer reading of their car.

The insurance take-out figures for the first few days of the year-end campaign show that the affected car owners are more active than expected due to the price increase. If this trend prevails throughout the entire campaign period, by the end of the year the total number of insurance changes in the passenger car category could be over 60,000 - indicated Márton Besnyő, managing director of Netrisk.hu.

Motorists affected by the end-of-year KGFB campaign have until December 1st to decide whether to continue their current contract or switch to a new insurance policy.

The online insurance mediation portal reminded that the end-of-year campaign affects a special vehicle fleet, primarily for the insurance of older cars purchased before 2010. A significant number of them have the most favorable B10 bonus level, and the higher average age of the operators is also associated with more favorable premium multipliers. For this reason, the average price at the end of the year is significantly lower than the average price experienced in other periods of the year, which, according to Netrisk.hu, was HUF 50,100 at the beginning of November.

(Source: autokalauz.co.hu; MTI | Image: pixabay.com)