Car Insurance Companies in India: It is very important to have insurance from a reliable company while driving on the road. If the car collides, gets stolen or a natural calamity occurs, then insurance is the only support. Nowadays many companies provide insurance, but it is important to understand which one will be right. Therefore, we will tell you about some good car insurance companies, which will help you in getting the right insurance.
Types of Car Insurance
There are two types of car insurance in India
- Third-party insurance: This insurance only covers the damage caused to another person or vehicle, not your own vehicle.
- Comprehensive insurance: Your own vehicle is also covered in this insurance. This insurance provides protection from incidents like accident, theft, natural disaster and fire.
Best Car Insurance Companies in India
Below are the names of some of the best car insurance companies in India, with the help of which you can get a better insurance policy.
| Insurance Company | Cashless Garages | Claim Settlement Ratio | Key Features |
| Bajaj Allianz | 4500+ | 98% | Zero Depreciation Coverage, Fast Claim Process |
| IFFCO Tokio | 3000+ | 79.19% | Personal Accident Cover, 24×7 Helpline |
| SBI General | 16000+ | 95% | Accident Cover up to ₹15 Lakh |
| Reliance General | 8200+ | 94% | 7 Add-ons, Fast Claim Process |
| ICICI Lombard | 5700+ | 96% | InstaSpect Feature, Live Claim Process |
| Digit Insurance | 5800+ | 75% | 7 Add-ons, Easy Online Process |
| Tata AIG | 7500+ | 97% | 13 Add-ons, NCB Benefits |
Information about 7 best car insurance companies in India
1. Bajaj Allianz Car Insurance
Bajaj Allianz is a very reliable company, which has been insuring people’s vehicles for many years. In this, you get cover for the cost of wear and tear of the vehicle, damage in accident and other necessary expenses. They have more than 4500 garages, where you can get the vehicle repaired without paying any money. If there is a death in an accident, the family also gets compensation.
2. IFFCO Tokio Car Insurance
IFFCO Tokio is also a good company, which has more than 3000 garages across the country. Here you get the insurance amount in case of car theft, accident or damage due to any other reason. This company also has a 24 hour helpline, which provides immediate help in any problem.
3. SBI General Insurance
SBI’s insurance service is also considered good. They have more than 16,000 garages, where you can get your vehicle repaired. In this, compensation of up to Rs 15 lakh is also given in case of an accident. Even if the vehicle is damaged due to flood, earthquake or storm, the benefit of insurance is available.
4. Reliance General Insurance
On taking Reliance’s insurance policy, you get the facility of more than 8,200 garages. If no claim is made for the vehicle, then next time you get a discount on getting insurance. Here cover is given for accident, theft and many other problems.
5. ICICI Lombard Car Insurance
ICICI Lombard is also a very good company, which has more than 5,700 garages. If the vehicle breaks down on the way, then they also provide the facility of towing. They have a feature called InstaSpect, through which the claim of the vehicle can be approved on video call itself and money is received immediately.
6. Digit Car Insurance
Digit Insurance is a new name but is becoming popular rapidly. They have more than 5,800 garages and this insurance offers 7 types of additional security plans. If your vehicle is insured, then it helps in case of theft, accident or any kind of damage.
7. Tata AIG Car Insurance
Tata AIG is an old and reliable company, which has more than 7,500 garages. 13 types of add-on coverage are available here, so that you can choose the policy according to your needs. Third party coverage of up to Rs 7.5 lakh is also available in the car insurance and the insurance also becomes cheaper next year without making a claim.
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What things should be kept in mind while buying car insurance?
If you are buying car insurance for the first time or renewing your policy, then keep these things in mind:
- Insurance coverage: Do not buy insurance just by looking at the low price, see what all things the insurance covers.
- Claim settlement ratio: Buy insurance from the company whose claim settlement rate is high.
- Cashless garages: Choose a company that is associated with as many garages as possible so that your insurance can work in a cashless manner.
- Add-on covers: Companies also offer several additional protection plans, such as engine protection, roadside assistance and zero depreciation.
Which insurance will be the best?
- If you are taking insurance only for legal needs, then third-party insurance will be right, because this insurance is very cheap.
- If you want to give complete protection to your car, then take comprehensive insurance, in which you get all kinds of protection.
How to buy car insurance online?
Now you do not need to go to an agent to buy car insurance. You can buy your car insurance online. Let’s know the easy process of buying car insurance online.
- First of all, register in the application of the company from which you have taken insurance.
- Enter your vehicle’s information.
- Compare plans of different companies.
- Choose the right plan and make online payment.
- Your insurance will be activated immediately and you will receive a copy of the policy on your email.
