TOP 5 CAR INSURANCE COMPANIES IN INDIA

For every vehicle owner in India, it is compulsory to have a third-party liability car insurance policy. If you are the owner of a brand new or second-hand four-wheeler, you can also buy a comprehensive car insurance plan. But before you buy a car insurance policy, it is necessary that you choose the insurer vigilantly.

There are so many car insurance companies in India. Choosing any one of them can be a confusing and strenuous task. There are way too many things you need to focus on before you invest in a car insurance plan.

This blog covers detailed information about the top 5 car insurance companies in India. Go through this blog before you get yourself a car insurance plan.

HDFC Ergo Car Insurance Company Limited: With over 7900 network garages across India, HDFC Ergo grabs first place in this list. In 2018-19, the incurred claim ratio was about 76%, thus making it the best car insurance company in India. It offers three different types of car insurance plans, namely- a single year comprehensive car insurance plan, standalone own damage cover for private cars, and a third-party liability car insurance plan.

Top features which make HDFC Ergo car insurance the best:

Overnight car repair facility
7900 network garages that offer cashless repair
Premium as low as INR 2072
80% claim settlement per day
Happy community of 1.5 crore customers
Hassle-free online purchasing in mere 3 minutes

Bharti AXA Car Insurance Company Limited: Bharti AXA car insurance company has more than 4500 network garages all over India. With a claim settlement ratio of about 77%, Bharti AXA is the second favourite choice of Indian customers. You can buy either a third-party liability car insurance plan or a comprehensive car insurance policy at Bharti AXA. It has the below-mentioned features, which make it a popular car insurer in India:

24/7 claim assistance service available
Swift, easy and convenient settlement offer
Different types of add-ons are available
Instant purchase of policy online
4500+ cashless network garages

Bajaj Allianz Motor Insurance Company Limited: You can opt for Bajaj Allianz car insurance as well. It offers a 69% claim settlement ratio, and this makes it a great choice for buying car insurance. It has 4000+ network garages all across India. It offers both third party car insurance as well comprehensive car insurance plans.

Check out its best features!

Award-winning insurance company
On the spot claim settlement facility
Round-the-clock road assistance support
Self-survey facility for easy claim settlement

Reliance Car Insurance Company Limited: An ISO 9001:2015 certified car insurance company, Reliance car insurance company is another renowned and trustworthy insurer for your four-wheeler. The claim settlement ratio is about 86%. You can get your car repaired at over 4450 cashless network garages. Their premiums start at only INR 2072.

Certified car insurer
Easy and swift car insurance online purchase in just 10 seconds
Free of cost roadside assistance

IFFCO Tokio Motor Insurance Company limited: They have more than 4300 network garages all around India and offer 88% claim settlement ratio. This insurance company is popular for a higher degree of transparent services. Also, they have record claim settlement instances in just 4 hours. Go through the features of IFFCO Tokio motor insurance company and make a smart decision:

Require minimal document work
Swift turnaround time
Award-winning motor insurance company

FAQs

Q1. I have bought a 4 years old car. Do I need to buy car insurance for my second-hand car?

Ans: Yes, car insurance plans are compulsory, even for second-hand vehicles.

Q2. I have an electric rickshaw. Do I need to get a motor insurance plan for that electric vehicle?

Ans: Yes, every electric vehicle owner needs to buy a motor insurance policy.

Q3. I am paying expensive premiums for my four-wheeler. Can I pay it in parts?

Ans: Unfortunately, no! It is not legally allowed to pay premiums in instalments.

Q4. What are the different factors that I should consider so as to determine the right premium for my car insurance plan?

Ans: Keep in mind factors like the type of policy, location of car registration, car models, add-on covers and so on. They will help you determine the premium charges that you need to pay.

Customer's Review

NCB Protection for Added Savings

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No Worries about Depreciation

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