Best car insurance companies in India

All types of cars are present in the market, mainly lower-priced model cars and luxury. where a middle-class person is affordable a car for their families.

Nowadays comfortable has become important among people and it increases day by day. for which any individuals are investing in a car for themselves and their families.

As per the demand for cars increasing day by day, so also increasing car insurance policies day by day.

Every car owner is necessary to have a valid car insurance policy according to The Motor Vehicles Act, 1988. if you have your own car then you have to do insured for your car by following the 1988 Motor Vehicles rule.

Types of car insurance policies in India

There are two types of car insurance are present in the market. Comprehensive policy and Third party liability policy

Third-party liability policy

The Insurance policy covers the financial liability that you face when you get harmed caused by anyone.

the liabilities are following

In this situation, this policy covers your liabilities and help to overcome your financial deasis

Comprehensive policy

This policy covers third-party liabilities and also the damages of the suffered car, like car repair and any Maintainance charges all costs are provided by the insurance company.
The coverage under policies include the following –

  • If an individual is physically hurt or injured by the car.
  • If an individual’s property is damaged by the car
  • If an individual is killed by the car
  • Third-party liability if suffer this damage
  • If Damaged suffered when the car is being transported from one place to another
  • If an individual’s property is damaged by the car
  • Damages by the car due to natural or man-made incidents like earthquakes, floods, fire, theft, etc.
  • If any individual is killed or physically hurt by the car

The Best car insurance companies in India list in bellow

The best car insurance companies in India based on their qualified performance.

Name of the insurecnce companyIncurred Claims Ratio for the financial year 2018-19Network of cashless garages.Car insurance policies offered.
ICICI Lombard General Insurance Company Limited75%7800+ garages across IndiaPrivate Car Package Policy
HDFC Ergo General Insurance Company Limited76%6800+ garages across IndiaThird party liability car insurance

Single year comprehensive car insurance

Standalone own damage cover – Private Car
Royal Sundaram General Insurance Company Limited85%4600+ garages across IndiaCar Shield
TATA AIG General Insurance Company Limited78%Major garages across IndiaBundled Auto Secure – Private Car Policy

Auto Secure – Private Car Policy

3 Years Standalone Third Party Long Term Auto Secure – Private Car Package Policy
Reliance General Insurance Company Limited86%4450+ garages across IndiaCar insurance
Third-party liability insurance
Car Own Damage (OD only) policy
Bajaj Allianz General Insurance Company Limited69%4000+ garages across IndiaThird-party liability only insurance
Four wheeler insurance
Bharti AXA General Insurance Company Limited77%4500+ garages across IndiaComprehensive policy
Third-party liability-only policy
United India Insurance Company Limited109.40%Major garages across IndiaMotor liability-only policy
Motor package policy
IFFCO Tokio General Insurance Company Limited88%4300+ garages across IndiaCar insurance
The New India Assurance Company Limited95.39%Major garages across IndiaMotor liability-only policy
Private car policy
Standalone Own Damage cover for Motor Private Car

hope this information will help you to choose better insurance for your favorite car.

The features of ICICI Lombard car insurance company-

they stalled their claim as soon as possible.
also, the company won the “General Insurance’ Award” given by Indian Insurance Award
During this month of 2019, this company claim 93.14% of motor insurance

it is one of the most well-known insurance brands In India.
they provide different types of incentives to theri policyholders, also including roadside assistance in the event of an accident.

TATA AIG General Insurance Company Limited

TATA AIG car insurance is the following features and benefits:

in this plan, the company provides add-on features that help to expand the reach of coverage.
The company claim their settlement process easy and simple way
TATA AIG car insurance is well known for its fast application process, It encourages installing anti-theft devices in your vehicle.
also, they have a very well, customer support team, that will help you to complete the process.

HDFC Ergo General Insurance Company Limited

The features and benifet of hdfc insurance company are:

  • this company making convenient settlements by providing claim approvals in 30 minutes, using online authentication or QR codes.
  • HDFC ERGO is a well-respected insurance company, which has over one crore policyholder’s customer base.
  • it provides a cashless service which makes maintenance work more convenient.
  • the company also provides overnight auto repair service, in which your car repair completed and delivered to your home in one night
  • HDFC ERGO is an entrancing car insurance choice due to its clear application process and different coverage choices.

Back to top button