Switching: 30 days is the key
The insurer sends notice of next year’s premium no later than the 50th day before the end of the period. You can cancel for the anniversary without giving a reason: the letter must arrive at least 30 days before; the posting date does not count. If the old policy is not cancelled in time, the new one is invalid.
That leaves about twenty days to compare and post the letter. Your anniversary date is on your policy.
Deadlines in one place
| What happens | When |
|---|---|
| Premium notice | by the 50th day before the period ends |
| Cancellation | must arrive at least 30 days before the anniversary |
| Reminder for a missed premium | by the end of the 30th day |
| Policy ends for non-payment | on the 60th day after the due date |
| New policy when you buy a car | without delay after ownership passes |
| Reporting a change of ownership | within 15 days, seller and buyer |
| Reporting a change of details | within 8 days |
| Claim to your own insurer | within 5 working days, in writing |
Missed a payment?
Cover continues in the grace period; the policy ends only on the 60th day after the due date. If there was a period with no policy, an uninsured-period fee is due, collected by your next insurer.
What it does not pay
Damage to your own car (casco is for that), goods carried that are not for personal use, damage caused by a vehicle used as a work machine, and motorsport events.
The limit per event is the forint value of EUR 1,300,000 for property damage and EUR 6,450,000 for personal injury.
The bonus-malus ladder in short
15 classes: A00 is the start, 10 bonus classes, 4 malus. For cars and motorbikes one claim takes you down two classes (for example from B10 to B08).
Bought a car? What to do on day one.
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