Top 10 car insurance companies in india

In a stark contrast to any other form of covers, a car is a legal obligation. While its only mandatory to have a third party insurance cover for your vehicle, its strongly recommended to opt for a comprehensive insurance (popularly known as bumper-to-pumper insurance).

car insurance companies in india

We have compiled a list of Top 10 Car Insurance Policy Companies in India which are popular among the vehicle owners to help you decide better. Please note that, based on the location, vehicle type, prior experiences and many other parameters, one brand may be more suitable than the other. The order of appearance is purely alphabetical and does not correspond to any ranking.

Which is better: Extended car warranty or Zero Depreciation Insurance Cover?

1. BAJAJ ALLIANZ GENERAL INSURANCE CO. LTD.

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Bajaj Allianz has a fare share of presence in the sector.  Services offered are 24*7 towing assistance, cashless repair over 1,500 outlets and 75% account payment at places where cashless facility is not available.

2. BHARTI AXA GENERAL INSURANCE CO. LTD.

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Key benefits of Bharti AXA‘s policy includes various value added services like roadside assistance even for changing flat tyre, onroad repair for minor breakdowns, lock out or lost key assistance and emergency fuel assistance. These benefits make it a sweet deal.

3.HDFC ERGO GENERAL INSURANCE CO. LTD
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The multiple award winning HDFC ERGO’s auto insurance service has one of the highest claim settlement ratios in the segment. The company’s settlement process is accredited by ISO 9001:2008.

Going in its favor are services like age and profession based discounts, cashless settlements at many workshops across the country, zero documentation and quick processing of settlements.

4. ICICI LOMBARD GENERAL INSURANCE CO LTD.
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ICICI Lombard is the largest private in India and its car insurance service has managed to receive accolades from many customers.

The car insurance at ICICI Lombard comes with services like towing assistance, online EMI, online policy with digital signature and cashless settlement across thousands of garages across India.
5. IFCCO TOKIO GENERAL INSURANCE CO. INDIA LTD.
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With services like doorstop assistance for fresh policies, renewal and survey, 24*7 roadside assistance, digitally signed online policy document and several unique add-ons make an auto insurance policy from IFFCO TOKIO one of the highly preferred in the country.
6. NEW INDIA ASSURANCE COMPANY LTD
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New India Assurance is another government-owned insurance company which has a strong presence in auto insurance sector with attractive packages. The company has swept several recognized awards and accreditation and even has an international presence. Very quick action is the firm’s strongest selling point.
7. ORIENTAL INSURANCE CO. LTD
car insurance companies in india

The central government-owned insurance company has a strong brand value and reputation in the motor insurance sector. The firm is known for its high claim settlement ratio and quick processing of settlements in addition to several additional value added services.
8.ROYAL SUNDARAM GENERAL INSURANCE
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The name Sundaram has a long standing association with the Indian automotive industry across manufacturing, service and financial domains, making it one of the natural choices for auto insurance. The firm offers quick settlement in 2 working days and has cashless repair options through a wide network of workshops.
9.TATA AIG GENERAL INSURANCE CO. LTD.
car insurance companies in india

Relatively new to the Indian insurance scene, Tata AIG quickly rose to become one the top auto insurance policy companies in India. The packages include free car pickup, warranties on repair, processing of claims in a week and several other tailor-made services.
10.UNITED INDIA INSURANCE CO LTD.
car insurance companies in india

United India is yet another wholly owned subsidiary of the Indian government and is one of the top in Asia with numerous awards in its bag. The motor insurance policies of UII are being used widely though increasing number of customers are gradually migrating towards private players.

Please do share with us your vehicle insurance experiences (positive and negative) in the comment box below.

curated from: Indian Cars Bikes >> Auto News

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