One out of four, or nearly one million, motorists changed compulsory vehicle insurance polices last year, the insurers association Mabisz revealed yesterday.
Around 500,000 customers cancelled and then renewed their contracts to benefit from lower rates.
Of the 1.5 million who signed new contracts 40% did so online. Online insurance broker biztosito.hu forecasts that motorists saved Ft 13,000-17,000 on average by renewing or changing their policies, which could reduce insurers’ revenues by Ft 25 billion to near Ft 100 billion.
The All Hungary Media Group is firmly committed to freedom of expression and therefore applies a mostly "hands off" approach to comment moderation. Comments left by readers represent their own views and do not necessarily reflect the opinions or beliefs of the staff, editors or owner of the All Hungary Media Group, who nonetheless reserve the right to remove comments that are off-topic or which moderators consider to constitute "hate speech." Also note that in order to prevent spam we generally close entries off to comments several days after publication.