For every vehicle owner, it is mandatory to get car insurance according to Indian Motor act. You must have minimum third party car insurance as a mandatory document with your vehicle. It will be better if you can get comprehensive car insurance with a good company for your vehicle. With this plan, you will find protection and coverage against any kind of damage/loss to your vehicle due to any natural or man-made calamities. It will also provide coverage benefits against any kind of third-party claims if you have caused damage to any property/vehicle / third party person.

As a consumer, you will find options of many car insurance companies in the Indian market and they provide lots of plans having advantages of Third party Insurance and comprehensive insurance as per their terms and conditions. If you want a complete protection for coverage of all kinds of damage to your vehicles, it is mandatory to go with a good service provider and a proper plan of car insurance. When you choose to buy a car insurance plan, the premium amount will be decided according to current market value / insured declared value of your vehicle. Now, you will be able to make the right choice for a proper car insurance service provider by getting complete information at Verified Policy.

Verified Policy is the right platform where we provide complete help to all car owners who want to buy the best insurance plan with the best benefits. If you are looking for the top companies providing car insurance in India, you can check the complete information below:

Best Car Insurance Companies in India 2018

Best Car Insurance Companies in India 2018

Car Insurance CompaniesClaim Settlement RatioCashless Garage in India
Bajaj Allianz95%4000+
New India Assurance93%NA
ICICI Lombard90%3500+
Bharti AXA89%2500+
Tata AIG87%NA
HDFC ERGO85%5000+
Universal Sompo81%3500+
Reliance80%3800+
United India Insurance80%NA
Oriental Insurance70%NA

ICICI Lombard Insurance Company:

ICICI Lombard Insurance Company:

ICICI Lombard is one of the leading insurance providers in the Indian market and it is a joint venture between ICICI Bank & Fairfax Financial Holdings Limited. Fairfax Financial Holdings Limited is Canada based company offering lots of financial services at the global level. Today, ICICI Lombard is providing some of the innovative products and reliable services in the market for all the consumers. They also got several awards including Asia insurance technology Award for Best mobile application in 2012. With ICICI Lombard, you will find additional advantages including the immediate issuance of claim and free servicing in a network of 3300 + garages all over the country.

They are providing online solutions for all the consumers who want to buy an insurance policy for the car and you can get benefits to make payments online with multiple modes. With this service provider, you will find 24/7 customer support with their technical team. In 2013-14, they settled 6. 44 million cases of car insurance. They have claim settlement ratio of 78.91% and they are trusted by millions of consumers all over the country. If you also choose comprehensive car insurance plans with ICICI Lombard, you will find the following features with it:

  • Minimum paperwork and instant issuance with the online method
  • Very quick and effortless method of renewal
  • Roadside assistance in the range of 50 km for free
  • Towing services for your car to nearest garage and features of flat tyre change as well as spare key
  • The option of garage cash coverage offer

Because of all these features, you can also go with an insurance policy for your car with this trusted private insurance service provider in India.

HDFC Ergo general insurance:

HDFC Ergo general insurance:

HDFC Ergo General Insurance is a well established insurance service provider in India. This company is a joint venture between HDFC limited and Ergo International AG. It is one of the top insurance provider companies and they have a big network in more than 89 cities across the country. As a trusted company, they understand the requirements of consumers in India and they have various insurance products to provide third party and comprehensive coverage benefits for your car. Currently, they have more than 108 branches in different 91 cities across the country.

HDFC ergo insurance company is trusted by a large number of consumers because of their highest claim settlement ratio of 89.43%. They also have a big network of garages to provide benefits of cashless claim settlement to all the policyholders and consumers.If you also get car insurance policy with HDFC Ergo general insurance company, it will be beneficial because of the following features:

  • Instant policy issuance with the fast approval process
  • Highest rated company because of claim settlement ability
  • A transparent process for claim settlement
  • 24/7 assistance for every policyholder

These are some of the top reasons to trust this insurance company to buy a good policy of car insurance to ensure the protection of your vehicle.

United India Insurance Company:

United India Insurance Company:

United India Insurance Company is owned by the government and it is a public sector company that was formed with merge of 22 companies. At the present time, this company is known to have a presence in over 200 cities across the country. They have lots of Clans with unique features that you will not find with any other company for insurance of your vehicle. They are also known to launch some of the excellent programs for awareness of general and motor insurance products in rural areas of the country.

United India Insurance Company Limited is trusted by lots of people in India because of their excellent car insurance plans provided for the consumers. If you also choose any car insurance policy provided by this company, it will be beneficial because of the following features:

  • They have availability in 6 countries with their excellent products
  • They provide enhanced coverage benefits including electrical and electronics fittings, CNG or LPG fuel kits and fiber glass fuel tank for your car
  • Some of the best discount offers for vintage vehicles, anti-theft devices, Automobile Association membership and specially designed vehicles for physically challenged people
  • Excellent customer care services to serve the policyholders instantly

Because of these features, you can also prefer this public sector company to select from some of the unique products of car insurance for your vehicle.

Oriental Insurance Company:

Oriental Insurance Company:

Oriental Insurance Company Limited is an Indian public sector company that was established on 12 September 1947 into Legal Corporation. Currently, they have headquarters in New Delhi and 31 other regional offices across the country. With more than 1800 office branches in different countries of India, they are known to provide some of the excellent insurance products for vehicle owners. They also have a presence in foreign countries including Dubai, Kuwait and Nepal.

At the present time, Oriental Insurance Company is providing some of the specially designed products for protection of vehicle and owner of the vehicle from various kinds of damages. They have comprehensive as well as third-party covers for car owners with some of the excellent features as given below:

  • Providing free emergency services in selected cities of Delhi NCR, Mumbai, Kolkata and many states including Haryana, Himachal Pradesh, Rajasthan, Punjab and much more
  • Alternative benefits for car owners in the period of 5, 10 or 15 days with a limit of RS 400/650 per day
  • Coverage protection for valuable belongings and personal with additional premium with the plans
  • Excellent products of comprehensive and third party Insurance for the consumers
  • Discount offers for Automobile Association membership, voluntary deductible, anti-theft device installation and much more
  • Excellent services for all policyholders in case of claim settlement

Currently, they have claim settlement ratio of 70% and they are offering some of the excellent products for all the consumers across the country for car insurance.

Tata AIG insurance company:

Tata AIG insurance company:

Tata AIG general insurance company is a joint venture of Tata Group from India and American International Group/AIG. In this Insurance Company, Tata group has a share of 74% and the easy group holds the share of 26%. In the country, Tata AIG insurance company started operations from January 2001. The headquarters of this insurance company is located in Mumbai and they have more than 160 branch offices in the country. Because of excellent products and services provided to the consumers, they also won several awards in a long time history of this company.

With Tata AIG insurance company, you will find comprehensive and third party car insurance plans having excellent benefits for the consumers. Currently, it is one of the trusted service providers for insurance buyers across the country because of their excellent customer care services. They have a brilliant claim settlement ratio with a number of 89% for the consumers. If you also choose car insurance products with Tata AIG insurance company, you will find the following benefits with it:

  • Guarantee claim settlement process within 7 days for consumers
  • Free pick up services for a damaged car of insurance holder
  • The option of 13 add-on covers with car insurance plans including roadside assistance, NCB protection, engine secure, return to invoice and much more.
  • Personal accident coverage option worth Rs 2 lakh for the policyholder
  • 24/7 customer care services for policyholders

With all these features and benefits for the consumers, Tata AIG insurance company is one of the leading car insurance providers in the country where you will find excellent products for complete protection of your car from various damages.

Bajaj Allianz Insurance Company:

Bajaj Allianz Insurance Company:

Bajaj Allianz insurance company is one of the top private sector insurance providers in the country. This company is the result of a joint venture between Bajaj Finserv Limited and Allianz SE, Germany based Financial Service Provider having a good Global presence. This insurance company was established in 2001 to offer some of the excellent products of car insurance for the vehicle owners in the country.

Bajaj Allianz insurance company is targeting all kinds of consumers in the country with their comprehensive and Third party Insurance plans. They have the ability to satisfy every customer and policyholder because of their excellent customer care services and excellent claim settlement ratio of 95%. Currently, they have an excellent network of more than 4000+ garage is to provide cashless repair services for insured vehicles. If you also choose car insurance products with this insurance provider in the country, you will find the following benefits with it:

  • 24/7 roadside assistance in case of emergency with your vehicle
  • Drivesmart telematics service to provide tracking and monitoring features for insured vehicles
  • Towing facility to deliver your damaged vehicle to the nearest garage
  • Options to pay a premium on EMI for your vehicle insurance policy
  • Options to buy products with online process with minimum documentation
  • The efficient and quick process of claim settlement

Therefore, you can also available these benefits with your car insurance policy by getting it with Bajaj Allianz General Insurance Company.

New India Assurance Company Limited:

New India Assurance Company Limited:

New India Assurance Company Limited was a subsidiary of General Insurance Corporation of India previously. This company was established by Sir Dorabji Tata in the year 1919. At the present time, they have their headquarters in Mumbai and they also have 31 regional offices across the country. Today, they have a big network of 588 branch offices, 447 divisional offices, 27 direct agent branches and 1239 micro branches in India. With India, they also have operations in 28 different countries at the global level.

New India Assurance Company is the largest non-Life Insurance provider in the country and they have 170 different insurance products and services for the consumers. With this insurance service provider, you will find comprehensive and Third party Insurance plans having excellent benefits for the complete protection of your car. Here are some of the advantages for the consumers who prefer New India Assurance Company for car insurance plans:

  • Claim settlement process with a time period of 3 days
  • Free towing facility of the damaged vehicle within a limit of Rs 1500
  • Appointment of surveying officer in next 48 hours of intimating claim buy policyholder
  • Online process of renewal of car insurance policy
  • Excellent customer care services for the policyholders and consumers

They are trusted by a large number of consumers because of the excellent 93% claim settlement ratio that is a high number as compared to many other companies in India. Therefore, you can also check out the excellent car insurance plans provided by this company for the vehicle owners.

Bharti Axa Insurance Company:

Bharti Axa Insurance Company:

BhartiAxa insurance company is a result of a joint venture between Bharti Enterprises and AXA group. AXA group is a Paris based Insurance Company providing services in multiple countries across the globe. In this joint venture, Bharti Enterprises holds 74% of share and AXA group holds a share of 26%. This company was established in the year 2008 and they have headquarters located in Bangalore. At the present time, they have more than 59 branch offices across the country to provide excellent products and services of car insurance.

BhartiAxa insurance company is a trusted private sector organization having ISO 9001:2008 and ISO 27001:2005 certificates. For the car owners, they have some of the well-designed insurance policies with the benefits of Third party Insurance and comprehensive insurance. If you also choose any of the insurance products provided by BhartiAxa for your car, you will be able to avail the following benefits with it:

  • 24/7 assistance for claim settlement process for the policyholders
  • Lots of add-on covers available including zero depreciation cover, no claim bonus protector, hydrostatic lock cover, roadside assistance and much more
  • Assistance services in case of lost keys
  • Coverage benefits for batteries, bags and Rubber
  • Excellent customer care services with quick claim settlement process

Currently, they have claim settlement ratio of 89% and they have more than 2500 garages in their network to provide cashless repair services for your car. Therefore, you can also prefer insurance policy is provided by BhartiAxa Insurance Company for your vehicle.

Reliance general insurance company:

Reliance general insurance company:

Reliance general insurance company is one of the top insurance providers in India. Currently, they have more than one 39 officers and 12000 intermediaries to provide excellent support to every policyholder and consumer across the country. They have some of the excellent products of comprehensive insurance and Third party Insurance for your car. They are known to provide excellent customer support with quick claim settlement process. Currently, they have claim settlement ratio of 80% and they have cashless repair services inawide network of more than 3800 garages for the policyholder and car owners.

Reliance is a big name and reputed brand in India because of their excellent service quality and value for money products for the consumers. Reliance general insurance company follows the same path to offer some of the well-researched car insurance plans for the consumers in country. If you also prefer insurance plans provided by Reliance general insurance company for your car, it will be beneficial in the following ways:

  • Free roadside assistance services for car owners in case of any damage
  • Online process of renewal of car insurance plan without headache of paperwork and documentation
  • Several premium discounts offers to save up to 55% for the consumers
  • Lots of add-oncover options to provide additional coverage advantages to the policyholders and consumers.
  • Very quick and transparent process of claim settlement
  • Excellent customer care support services for the consumers

Because of all these benefits, you can also prefer insurance plans provided by Reliance general insurance company for your car.

Universal Sompo general insurance company:

Universal Sompo general insurance company:

Universalsompo general insurance company is a joint venture between three banking organizations including Allahabad Bank, Indian Overseas Bank and Karnataka Bank, Dabur Investment Corporation and Japan-based insurance provider named Sompo Japan Nipponkoa insurance Inc. Universalsompo general insurance company is known to offer some of the excellent plans for protection of your car from various kinds of damages. Today, it is one of the reputed insurance companies in the country and they are able to fulfil the requirements and needs of consumers with their excellent plans and ability of claim settlement in minimum time.

With this Insurance Company, car owners will find options of comprehensive as well as third-party protection with the insurance plans. They have an excellent claim settlement ratio of 81% and they have more than 3500 garages in their network to provide cashless repair services for the vehicles of policyholders. If you also get insurance plan provided by universal sompo Insurance Company for your car, it will be beneficial in the following ways:

  • Options of additional coverage for accessories and personal accident of car owner
  • Options of several add-on plans with your insurance plan
  • Additional discount offers for voluntary deduction, anti-theft device installation and Automobile Association membership
  • The online process for renewal of your insurance plan
  • The fast and transparent process of claim settlement
  • 24/7 assistance for customer care services

You can avail all these advantages with the car insurance products provided by universal sompo Insurance Company.

Best car insurance plans available with top companies:

 Best car insurance plans available with top companies:

 For every consumer, it is also important to know about some of the best insurance plans available with these companies. If you don’t want to compromise on protection and safety of your vehicle in case of any damage due to natural or manmade calamities, you need to make decisions on the best plans provided by the car insurance companies in India.

 At the platform of Verified Policy, we are providing complete help for every consumer to select the best car insurance plan with these companies. You can take a look at the table given below having complete information about the best plans with best features for your vehicle:

InsurerThird Party CoverCashless Network GaragesAdd-On CoversSpecial FeaturesExceptions
Bajaj Allianz Car InsuranceUpto 7.5L for third party property damage4000 and moreDefault: Roadside Assistance plan (RSA)*

Key & Lock replacement

Optional: Zero Depreciation (ZD)

Engine Protector

PA for Passenger

Electrical and Non Electrical Accessories

RSA and Lock & Key included in all policies by default

Instant Policy Issuance

Receive Instant Claims Assistance and SMS updates on your motor claim status through 24×7 call-centres.

RSA cover available for vehicles upto 15 years old

Lock & Key cover available for vehicles upto 10 years old

ZD and Engine Protector available till 5 years old

Bharti AXA Car PlanUpto 7.5L for third party property damage2300 and moreZero Depreciation (ZD)

Roadside Assistance plan (RSA)

Consumables

NCB Protector

Hydrostatic Lock Cover

Invoice Cover

PA for Passenger

Electrical and Non Electrical Accessories

Receive Instant Claims Assistance updates on your motor claim status through 24×7 call-centres.ZD and RSA plans available for vehicles upto 5 years old

Consumables, NCB Protector and Invoice Cover for upto 2 years old vehicles

HDFC Ergo Car Insurance PlanUpto 7.5L for third party property damage3000 and moreZero Depreciation (ZD)

Roadside Assistance plan (RSA)

Engine Protector

PA for Passenger

Electrical and Non Electrical Accessories

Unlimited claims for ZD plan in a year!

Occupation and Age discounts available

Comprehensive support through our dedicated customer support team

ZD plan available for vehicles upto 5 years old; require previous insurance also to have ZD Engine Protector is available for vehicles upto 2 years old
Future Generali Car Insurance PlanUpto 7.5L for third party property damage1000 and moreZero Depreciation (ZD)

Roadside Assistance plan (RSA)

Key & Lock Replacement

Loss of Personal Belonging

PA for Passenger

Electrical and Non Electrical Accessories

Laptop and Mobile phone theft is covered with Loss Of Personal Belongings cover!Add on covers available for vehicles upto 5 years old
IFFCO Tokio Car Insurance PlansUpto 7.5L for third party property damage2000 and morePA for Passenger

Electrical and Non Electrical Accessories

Large fleet of trained in-house Surveyors utilized for immediate attending to claims.

Usage of online e-survey claims module by both in-house and external Surveyors, for lowest TAT in claim settlement.

Usage of online e-survey claims module by both in-house and external Surveyors, for lowest TAT in claim settlement.

Liberty Videocon Car InsuranceUpto 7.5L for third party property damage1900 and morePA for Passenger

Electrical and Non Electrical Accessories

Claim settlement within 7 working days.

 

Swift telephonic service for effective claims support & assistance even on Sundays & holidays

New India Assurance Car InsuranceUpto 7.5L for third party property damageYour local branch will help you with claim settlementZero Depreciation (ZD)

PA for Passenger

Electrical and Non Electrical Accessories

Swift claim settlement process
Reliance General Car InsuranceUpto 7.5L for third party property damage2300 and moreZero Depreciation (ZD)

PA for Passenger

Electrical and Non Electrical Accessories

RSA plan included in all policies by default

Avail 24×7 instant roadside assistance through Anywhere Assist App

Quick and hassle-free settlement for your motor insurance claims

RSA plan available for vehicle upto 3 years old
Royal Sundaram Car InsuranceUpto 7.5L for third party property damage3300 and moreZero Depreciation (ZD)

Roadside Assistance plan (RSA)

NCB Protector

Windshield Cover

PA for Passenger

Electrical and Non Electrical Accessories

RSA plan included in all policies by default

Instant Policy Issuance

Speedy authorization of repairs to get the car back on road quickly.

NCB Protector cover given to new cars or old cars with at least 20% NCB

Add-ons available for cars upto 3 years old

ZD claims can be taken 4 times in a year

Tata AIG Car InsuranceUpto 7.5L for third party property damage1500 and moreZero Depreciation (ZD)

Roadside Assistance plan (RSA)

Key & Lock replacement

Loss of Personal Belonging

Hotel & Travel

Expenses PA for Passenger

Electrical and Non Electrical Accessories

Hotel & Travel Expenses covered in case of breakdown/accident

Laptop and Mobile phone theft is covered with Loss Of Personal Belongings cover!

ZD is available for cars upto 5 years old
Universal Sompo Car InsuranceUpto 7.5L for third party property damage1100 and moreZero Depreciation (ZD)

Roadside Assistance plan (RSA)

PA for Passenger

Electrical and Non Electrical Accessories

Instant Policy Issuance

Quick and hassle-free settlement for your motor insurance claims

 Pick from all these insurance plans for your car and get the best benefits with these top insurance providers in the country. Verified policy is the right platform to compare all the plans available for your vehicles with all benefits and service quality provided by the insurance company.

 

Car Insurance Companies
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