Best Car Insurance Company in India

Types of Car Insurance Policies in India
Car owners in India can buy two types of car insurance policies. They are:

comprehensive car insurance
A comprehensive car insurance policy provides complete protection to the insured car. It protects the car from all kinds of unforeseen risks resulting from fire, accidents, theft, vandalism, natural calamities and man-made calamities. It also includes any third party contingent liabilities that the policyholder is legally bound to pay. Apart from this, this type of insurance also provides personal accident cover to the owner-driver of the insured car.

Third Party Liability Car Insurance
A third party liability car insurance policy provides protection against any third party liabilities of the policyholder arising out of accidental bodily injuries, death or property damage to a third party. This type of insurance does not cover any loss or damage caused by the insured car or its driver.

car insurance renewal
Best Car Insurance Companies in India with Claim Ratio Spent and Network Garage
Check out the top car insurance companies in India along with their claim spent ratio (ICR) and number of network garages where you can avail cashless repair facility:

car insurance companies cashless garage

Spent claim

Ratio

(2018-19)

Bajaj Allianz Car Insurance

4000+

62%

Bharti AXA Car Insurance

5200+

75%

Chola MS Car Insurance

6900+

84%

Digit Car Insurance

1400+

76%

Edelweiss Car Insurance

1000+

145%

Future Generali Car Insurance

2500+

69%

hdfc ergo car insurance

6800+

82%

IFFCO Tokio Car Insurance

4300+

87%

Kotak Mahindra Car Insurance

1000+

74%

Liberty Car Insurance

4300+

70%

national car insurance

Not Applicable

127.50%

New India Assurance Car Insurance

1100+

87.54%

Oriental Car Insurance

Not Applicable

112.62%

Raheja QB Car Insurance

1000+

102%

Reliance Car Insurance

3700+

85%

Royal Sundaram Car Insurance

4600+

89%

SBI Car Insurance

5400+

87%

Shriram Car Insurance

1500+

69%

Tata AIG Car Insurance

Not Applicable

70%

United India Car Insurance

700+

120.79%

Universal Sompo Car Insurance

Not Applicable

88%

save up to 80

Disclaimer: *PolicyBazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. ICR is taken from IRDAI Annual Report 2018-19.

Overview of Best Car Insurance Companies in India
Here is a quick explanation of the top car insurance companies that you can consider to secure your car:

Bajaj Allianz Car Insurance
Bajaj Allianz General Insurance Company Limited is one of the leading car insurance companies that was awarded as the Best Motor Insurance in 2020 by Money Today. It offers comprehensive car insurance policies as well as liability-only policies. Plans are affordable, flexible and can be customized by distance or by day.

Bajaj Allianz Car Insurance provides coverage against legal liabilities of third parties as well as any loss or damage caused to your car due to natural/man-made calamities or theft. It also comes with a Personal Accident (PA) cover of Rs 15 lakh for the owner-driver. You can also opt for CNG kit coverage, NCB discount, accessories cover for co-passenger/paid driver and PA cover for passenger/paid driver.

Amenities

add-on cover

Online policy issuance and renewal

Nil depreciation cover available

24×7 spot assistance available

Self-vehicle survey and instant claim settlement with motor-on-the-spot

Voluntary additional discount

Anti-theft device installation discount

Approved Automobile Association Membership Waivers

depreciation gradient

Key and lock replacement

Engine protector

Personal belongings

Vehicle mileage

Consumable Expenses

car insurance penalty
Bharti AXA Car Insurance
Bharti AXA General Insurance Company Limited is a popular car insurance provider in India. It provides coverage for damage/damage to your car due to theft, accidents, natural calamities and man-made calamities. Apart from these, it also covers third party liabilities and provides owner-driver personal accident cover of Rs 15 lakh.

Bharti AXA Car Insurance offers three types of car insurance plans –

comprehensive car insurance
Third Party Liability Plan
standalone damage plan
Bharti AXA Car Insurance boasts of one of the largest cashless garage network in India. It also gives you the option to choose coverage for legal liabilities to paid cleaners/drivers and loss or damage to baggage on payment of additional premium amount.

Amenities

add-on cover

Quick policy purchase online

24×7 Claims Support

Cashless claim settlement at network garages

Depreciation cover

consumable cover

Roadside Assistance

Main replacement cover

Engine and gearbox cover

Personal accident cover for hitchhiker

Ambulance fee

Invoice value cover

Hospital Cash

Medical Expenses

Cholamandalam Car Insurance
Chola MS General Insurance Company Limited is a well-known car insurance provider in our country. Its car insurance policy protects against personal liabilities of third parties and damage to third party property. in this

Damage due to natural/man-made calamities or theft is also covered and personal accident cover is provided for owner-driver up to Rs.15 lakh. It offers three types of car insurance plans in India –

third party car insurance
zero depreciation car insurance
comprehensive car insurance
Chola MS Car Insurance has the largest network of cashless garages in India. It will reimburse towing charges up to Rs.3000. It can also let you opt for personal accident cover up to Rs 2 lakh for passengers

Amenities

add-on cover

No Claim Bonus

24×7 Support

Online Policy Renewal

Vintage Car Discount

Accredited Automobile Association Membership Waivers

Anti-theft device installation discount

Specially Designed/Modified Vehicle Discounts

Voluntary deductible exemption

Minor repairs on site

Repair in the preferred workshop discount

Depreciation discount

Roadside Emergency Assistance

Replacement keys

Fixed daily allowance

Personal Luggage Cover

Restoration Value

Conveyance Allowance

Monthly Installment Cover

No Claim Bonus Protection

Disabled Vehicle Coverage

Insurance cost cover

Registration Certificate Lost Cover

Consumable Heating Cover

Franchise Benefits

Auto Expansion of Policy

License loss cover

Loss of key cover

EMI cover

Vehicle replacement benefit cover

Chola Value Added Services

Digit Car Insurance
Digit Car Insurance is a leading start-up insurance company that provides comprehensive protection to the insured car. It covers any loss/damage to your car due to accidents, fire, theft, third party damages as well as natural calamities. It also provides personal accident cover to the owner-driver. Digit Car Insurance offers you two types of car insurance plans to choose from –

third party car insurance
comprehensive car insurance cover
Amenities

add-on cover

No Claim Bonus

24×7 Support

Online Policy Renewal

Vintage Car Discount

Easy online policy issuance

No Claim Bonus

24×7 support

Doors Pickup & Repair

Cashless Repair

Smartphone-enabled self-inspection

Super fast claim

Nil depreciation cover

Breakdown Help

Passenger cover

consumable cover

Return to Invoice Cover

Tire Protect Cover

Engine and gear-box protection cover

Edelweiss Car Insurance
Edelweiss Car Insurance is another private insurer in India that provides motor insurance solutions. It covers third party liabilities as well as any damage/damage to your car. In this, a personal accident cover of Rs 15 lakh is also given to the owner-driver. You can buy two types of Edelweiss car insurance plans –

private car package insurance
Personal Car Liability Only Insurance
Edelweiss car insurance gives you the option to enhance your coverage by opting for personal accident cover for commuters and legal liability cover for paid drivers.

Amenities

add-on cover

No Claim Bonus (NCB)

Priority service in cashless garage

Fast claim settlements

Protect depreciation

Roadside Assistance

Engine protect

Protect consumables

Protecting mandatory deductions

Invoice value protection

NCB Protect

Protect personal belongings

Protect keys and locks

Future Generali Car Insurance
Future Generali India Insurance Company Limited is a popular car insurance company in India. It provides comprehensive coverage for third party liabilities and car damage along with personal accident cover of Rs 15 lakh to the owner-driver. You can also opt for additional legal liabilities coverage for paid driver, cleaner or passengers on additional premium payment.

Future Generali Car Insurance also allows you to choose a personal accident cover for passengers up to Rs 2 lakh.

Amenities

add-on cover

No Claim Bonus (NCB)

Priority service in cashless garage

Fast claim settlements

Protect depreciation

Roadside Assistance

Engine protect

Protect consumables

Protecting mandatory deductions

Invoice value protection

NCB Protect

Protect personal belongings

Protect keys and locks

hdfc ergo car insurance
HDFC ERGO General Insurance Company Limited is one of the best-ranked car insurance companies in India. Its car insurance policy covers loss/damage to your vehicle in accidents, theft, fire & explosion, natural calamities and theft as well as third party liabilities. Apart from this, it also provides personal accident cover to the owner-driver. It offers three types of insurance plans for your car –

Third Party Liability Plan
comprehensive car insurance plan
Standalone Car Insurance Plan
HDFC ERGO has one of the largest network of garages in car insurance. Towing charges up to Rs 1500 are also reimbursed in the motor policy.

Amenities

add-on cover

No Claim Bonus

Cashless claims in network garages

Overnight Car Repair Services

Claim approval within 30 minutes

Unlimited claims facility

Nil depreciation cover

No Claim Bonus Protection

Emergency Assistance Cover

Return to Invoice

Main replacement cover

Engine and gearbox protector

Loss of Use – Downtime Protection

Cost of consumables

IFFCO Tokio Car Insurance

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