Top 5 Best Car Insurance Companies in India

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In today’s fast-paced life, owning a car is not defines a status symbol it is an everyday necessity. Having a car implies that you are a financially independent person. Car insurance is very essential because it gives financial coverage against vehicle damage. Additionally, it also provides cover for injuries to the passengers and their property. There are several car insurance companies in India which offer types of coverage to your car & passengers.

Top Car Insurance Companies in India

As per the Motor vehicle act, every car in use must be insured with at least basic coverage. When it comes to choosing car insurance policy people may get confused because in the market there are many car insurance policies out there. In order to make their process hassle-free, we have comprehended detailed review of the best car insurance Companies in India.

  1. ICICI Lombard General Insurance

    ICICI Lombard is one of the topmost insurance companies with the gross written premium of Rs. 83.07 billion. This is one of the best car insurance Companies in India and offers the most recognizable and rewarded plans. It is loaded with many helpful features and advantages that every customer needs in the car insurance policies.

    Basic Features of ICICI Lombard Car Insurance

    • ICIC Lombard car insurance plan is exclusively available online at its website.
    • ICICI Lombard is linked with more than 34,000 garages across India.
    • In an event of accident ICICI Lombard’s representatives are one call away.
    • ICICI Lombard insurance renewal process is fast and hassle-free.
    • Avail zero depreciation feature and get 100% coverage against physical damage.
    • 24X7 round the clock support service is available to resolve issues regarding car insurance policy
  2. Tata AIG

    TATA AIG GIC Ltd. Is a joint venture between Tata and American International Group. This firm was incorporated in 2001, providing a wide range of insurance products and services to its clients, since its launch. This is one of the car insurance companies which gives coverage against the conventional and non-conventional risk associated with the automobile.

    Car Insurance Plans Offered by Tata AIG

    • Auto-secure private car insurance package.
    • Long term two-wheeler package.
    • Auto-secure commercial vehicle package.
    • Auto-secure two-wheeler package.

    Basic Features of TATA AIG

    • The car insurance packages give coverage against theft of a vehicle, damage due to accidents/ riots/natural calamities/catching fire.
    • Car insurer can easily get claim within a one week.
    • Avail the benefits of comprehensive third-party coverage up to 7.5 Lakhs.
    • Avail the repair claim of parts that made up of rubber/ glass/fiber and plastic.
  3. Bajaj Allianz Car Insurance

    A renowned company in the insurance area is Bajaj Alliance because their car insurance policies in India are trusted by millions. This is one of the best car insurance companies in India and made with the collaboration of Bajaj and AXA and it has 78 offices across India.  It has issued more than 9.8 million insurance policies since its launches.

    Basic Features of Bajaj Allianz

    • This firm offers you round the clock emergency roadside facility.
    • The cashless settlement with over 4000 garages.
    • Zero depreciation based policies are also available.
    • Covers loss or damage caused due to accident/ theft/fire and natural calamities.
    • Renew your policy hassle-free in no less time.
    • Round the clock the claim assistants are available.
    • Through SMS alert gets renewal reminder and claim status.

Also Read: Two Wheeler Insurance Status OnlineReasons Why Car Loan is Denied

  1. HDFC ERGO Car Insurance

    HDFC ERGO is a joint venture between HDFC and ERGO. The organization offers a wide range of motor insurance products and services to its clients at very affordable rates. To making renewal and claiming process easier this firm has also launched a mobile app. This company has a vast network in India, 108 branch offices are situated in 91 cities.

    Basic Features of HDFC ERGO General Insurance Co. Ltd.

    • Round the clock claim assistant is available for its clients.
    • An individual can buy online.
    • Offers cashless services more than 4,800 garages.
    • Avail the benefits of no claim bonus.
    • Gives financial coverage against physical damages due to accident, fire and natural calamities.
    • Zero depreciation car insurance policies are also available.
  2. Oriental Car Insurance

    When it comes to buying authentic, reliable and flexible insurance, then Oriental Car Insurance is worth to buy and it is offering the best car insurance plans in India. This company offers a complete range of insurance products to its clients so that car insurer can drive stress free on the twisting road effortlessly.

    Basic Features of Oriental Car Insurance

    • Offers tailor-made insurance plan as per the clients’ requirements.
    • Gives full coverage against physical damage due to accidents, fire, theft and natural calamities.
    • Offers emergency roadside services round the clock.
    • Hassle free renewal and claiming procedure.

Must Read: Best Two Wheeler InsuranceHow to Renew New India Assurance Policy

About Author

She is a finance writer. With 2 years of experience in finance marketing, she knows how to execute money in the right direction and acknowledge you about everything related to the finance through her blogs. One of the best things about her, she enters creative things in her blog that force you to read in a depth.

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