KGFB and CASCO — Car Insurance in Hungary

Baza Consult

6 days ago

2 min read

KGFB and CASCO are the two main types of car insurance in Hungary. They serve different purposes and, in many cases, complement each other.

KGFB - compulsory third-party liability insurance. It is mandatory for vehicles used in Hungary and covers damage caused to third parties.

CASCO - voluntary insurance that protects your own vehicle against various risks.

What Is the Difference?

KGFB

KGFB is mandatory for all vehicles registered in Hungary.

The policy covers damage caused by the driver to third parties in an accident for which the driver is responsible. However, KGFB does not cover repairs to the insured driver’s own vehicle.

CASCO

CASCO — voluntary car insurance that provides coverage for your own vehicle.

Depending on the selected insurance plan, the policy may cover:

damage resulting from an accident
vehicle theft
vandalism
fire
natural disasters
other insured events specified in the policy

CASCO is particularly recommended for owners of new, high-value or financed vehicles.

Where Is the Insurance Valid?

KGFB and CASCO policies provide coverage throughout the European Union.

When travelling abroad, it is recommended to carry a Green Card as proof of insurance. It is issued free of charge with the KGFB policy, but must be requested from the insurance company in advance before travelling.

What to Do in the Event of an Accident

If an accident occurs, we recommend the following steps:

Take photos of the vehicles and the accident scene.
Complete the European Accident Statement form (we can provide it in advance).
In the event of a serious accident or injuries, call the police.
Report the accident to the insurance company.
After reviewing the claim, the insurance company will arrange repairs at a partner service centre or provide compensation in accordance with the terms of the policy.

If the accident occurs outside Hungary, the procedure for reporting it to the insurance company remains the same.

Insurance Cost