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Car insurance companies

A car insurance policy is a mandatory requirement for car owners in India. No car is allowed to ply on Indian roads if it doesn’t carry a valid insurance cover. Since car insurance policies are mandatory, almost all general insurance companies offer a car insurance policy. Both third party liability policies as well as comprehensive package policies are available with insurance companies. Moreover, insurers also offer commercial car insurance policies for cars which are used for commercial purposes. Thus, when the individual is looking to buy car insurance policies, he/she should look at all the available choices of different companies and then choose a policy which is the best.

Things to know while choosing a car insurance company

While choosing the best car insurance company, there are certain things which the policyholder should keep in mind. These things are as follows –

  • The Insured Declared Value offered by the company. The IDV is the maximum coverage available in the motor insurance plan. So, the company which allows the highest IDV is better
  • The premium charged by the company. A lower premium should be looked for without compromising on the coverage features
  • The coverage benefits offered. Look for value added coverage features which enhance the scope of coverage
  • The claim settlement ratio of the company. If the ratio is high it means that the policyholder’s claims would be settled easily
  • The network of cashless garages the company has. Higher the number of preferred garages tied-up with the company, easier it would be for the claims to be settled in a cashless manner
  • The premium discounts and add-on covers available with the company. The discounts should be high and a range of add-on covers should be offered by the company.

Best Car Insurance Companies in India

Here is a list of the top ten car insurance companies in India –

Name of the companyCar insurance plans offeredSalient features
Bajaj Allianz General Insurance Company Limited
  • Car insurance
  • Liability only motor insurance
  • 4000+ networked garages
  • 24*7 claim support
  • Drive Smart service allows car tracking in real time
  • Inbuilt roadside assistance cover and towing facility
Bharti AXA General Insurance Company Limited
  • Third party liability coverage
  • Comprehensive car insurance
  • Personal accident cover at a minimum additional premium of Rs.100
  • Range of add-on covers
  • Attractive premium discounts
HDFC ERGO General Insurance Company Limited
  • Car insurance
  • Liability only policy
  • Overnight car repair services
  • 24*7 claim assistance
  • Network of 5300+ garages
ICICI Lombard General Insurance Company Limited Car insurance policy
  • Comprehensive cover at minimal premiums
  • Attractive add-on covers available
IFFCO TokioGeneral Insurance Company Limited Car insurance policy
  • Unlimited zero depreciation cover
  • CNG/LPG fuel kit can also be covered
  • 24*7 roadside assistance cover
The New India Assurance Company Limited Private car insurance policy
  • Towing charges included in the cover
  • An additional cover against fire or theft
  • A range of add-on covers to choose from
Oriental Insurance Company Limited Motor Package Insurance Policy for Private Cars
  • Bi fuel kits can be coverage at an additional premium
  • A range of attractive premium discounts
  • Free emergency assistance in case of breakdowns in certain states
Royal SundaramGeneral Insurance Company Limited Car insurance policy
  • Inbuilt roadside assistance cover
  • 100% payment of the invoice price in case of theft or loss
  • Range of additional coverage benefits
Tata AIG General Insurance Company Limited
  • Auto Secure Private Car Policy
  • Liability only policy
  • A range of 13 add-on covers
  • Inbuilt personal accident cover for the owner/driver of the car
United India Insurance Company Limited
  • Motor package policy
  • Motor liability only policy
  • Various discounts are available under the plan
  • Premiums are very reasonable

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Licenced by IRDAI License No. 261; License Validity : 17-05-2022; Category : Composite Broker; CIN : U65990MH1987PLCO42609
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Disclaimer: The information displayed on this website is of the insurers with whom our company has an agreement.