Attractive Add-On
coverage 
Hassle-Free
Claim Settlement 
Large Number of
Network Garages 
Consistent Claim Settlement
Ratio Paybima's Right Advisor = Expert Solutions
The insurance sector in India is massive with the existence of a large number of insurance companies offering different life and general insurance products. If you talk about car insurance, there are more than 25 car insurance companies in India offering the best and most reliable insurance policies for cars at cost-effective rates. These insurance companies are available with numerous customized features to facilitate policyholders to fulfill all their needs and requirements.
As you already know, having a compulsory third-party car insurance policy is essential for every car owner as per the Motors Act of 1988. However, depending on your personal needs, you can plan to buy a comprehensive car insurance policy along with the third-party insurance plan.
With a comprehensive car insurance policy by your side, a car insurance owner can limit the monetary risks and obligations which might arise because of any unfortunate event such as an accident causing damage to a third-party vehicle as well as to your own car. Further, you can also mitigate other risks like accidents on the road, car theft, fire, or any other damages caused by natural calamities and so on.
It is difficult to term a particular car insurance company as best because the choice of best car insurer might vary as per policyholder and as per their various needs and requirements. Some might look at claim ratio as the best feature of a car insurer, while others might look at cashless garage facilities to term a car insurance company as best. Thus, several parameters as well as individual choices are considered while choosing the best car insurance company.
Below are some parameters that are considered to call a car insurance company as best.
Cashless garage network - cashless garage network means the garages that insurance companies partner with to facilitate car policy owners to avail cashless insurance claims. There are a large number of cashless garages that insurance companies partner with so that the policyholders can avail the best cashless facility at any of the available garages as per their comfort.
Thus, policyholders must check the strength of network garages offered by selected insurance companies before choosing a car insurance plan . Also, it is important to note that there are enough garages in your locality or closed vicinity so that you can avail the network garage facility with ease.
Ratio of Claim Settlement - the ratio of claim settlement confirms the number of claims that a car insurance company settles during a policy year as compared to the total number of claims that the company receives during the year. So, while choosing the best car insurance company it is important to check if the insurer offers a high ratio of claim settlement.
Add-ons available - the add on coverage means the extra cover that can be received by policyholders with a standard car insurance policy. The extra cover helps in extending the coverage of the policy and make your policy all the more worthwhile. Some add on covers include; OD or Own-Damage car insurance coverage, Comprehensive car insurance coverage and so on. These add-ons can be opted at the time of renewal of an existing policy or while purchasing a new policy.
Customer care service - this is another important factor to consider. Having a quality customer care service of the insurer that stays available 24/7 is necessary. This way, it is possible to resolve any issue as per the convenience of the policyholder. There are some companies which offer 24*7 customer care facilities, while there are others that offer customer support only during the weekdays.
| Insurer Name | Features | Add-ons |
| Bharti AXA Car Insurance |
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| Bajaj Allianz Car Insurance |
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| Chola MS Car Insurance |
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| Digit Car Insurance |
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| Future Generali Car Insurance |
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| IFFCO Tokio Car Insurance |
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Below are the steps to buy a car insurance policy online with PayBima:
Below are some of the common car insurance companies in India:
Below are the 3 main types of car insurance policies:
Below are the 3 different types of car insurance:
IFFCO Tokio General Insurance company is one of the car insurance providers offering a high claim settlement ratio with 95.30% Own Damage car insurance Claim Settlement Ratio in FY 2019-20.
Below are few other car insurance companies offering high claim settlement ratio:
