Mandatory vehicle insurance premiums in Hungary have seen a 25-30% rise this year, chiefly due to an increase in payouts on claims, Hungarian economic daily Vilaggazdasag reported today.

As payouts on claims rose almost 22% in June, the average annual premium for passenger cars climbed over HUF 26,000, the paper said. Laszlo Sebestyen, head of online insurance broker Netrisk, told the paper that annual premiums, according to his calculations, could end the year at around EUR 100 - EUR 120. Read the full story HUNGARY: Mandatory car insurance premiums up 30%