Car Insurance Companies

Car insurance companies exist primarily to provide financial protection and support to vehicle owners in case of unforeseen events or accidents involving their cars. Here are the key reasons why they exist and the benefits they offer:

20+ Best Car Insurance Companies in India June 2024 (IRDAI Approved)

India has 25 of the world’s best general insurance companies catering to the various general insurance needs of the Indian population. Here is a list of the best car insurance companies in India:

ICICI Lombard General Insurance: Renowned for comprehensive coverage, a wide range of add-ons, and a vast network of partnered garages for repairs.

Bajaj Allianz General Insurance: Offers innovative policies, 24x7 roadside assistance, cashless claims, and a variety of valuable add-ons.

HDFC ERGO General Insurance: Known for zero depreciation cover, quick emergency assistance, and access to an extensive network of garages for cashless services.

New India Assurance: A government-backed insurer providing comprehensive plans covering third-party liabilities and offering various add-on options.

Reliance General Insurance: Provides 24x7 helplines, hassle-free cashless claims, and diverse add-ons like key protectors and engine coverage.

United India Insurance: Offers comprehensive plans with third-party liability coverage, personal accident cover, and additional beneficial add-ons.

Tata AIG General Insurance: Known for its comprehensive coverage, seamless cashless claim settlements, and add-ons like a return to the invoice.

National Insurance Company: Provides comprehensive car insurance plans with options like zero depreciation and engine protection as add-ons.

IFFCO Tokio General Insurance: Recognized for quick claim settlements, cashless services, and various beneficial add-on covers.

Future Generali India Insurance: Offers extensive coverage, easy claim settlement, and add-ons like consumable expense coverage.

SBI General Insurance: Known for comprehensive coverage, NCB benefits, and a range of add-ons for policy customisation.

Shriram General Insurance: Provides comprehensive plans, roadside assistance, and add-ons like personal accident cover.

Kotak Mahindra General Insurance: Offers customizable plans, prompt claim settlements, and diverse add-ons for enhanced coverage.

Liberty General Insurance: Known for comprehensive policies, cashless claims, and additional services like roadside assistance.

Go Digit General Insurance: Offers innovative plans, quick claim settlements, and personalized add-ons catering to individual needs.

Edelweiss General Insurance: Provides comprehensive coverage, seamless claim processes, and add-ons like key replacement.

Universal Sompo General Insurance: Known for wide coverage options, speedy claims, and diverse add-ons.

Raheja QBE General Insurance: Offers comprehensive policies, cashless claims, and beneficial add-ons to improve coverage.

Magma HDI General Insurance: Provides comprehensive coverage, prompt claim settlements, and various beneficial add-ons.

Acko General Insurance: Known for its digital-first approach, easy claim processes, and innovative policies designed for consumers.

How to Select The Best Car Insurance Company in India?

Choosing the right insurance policy can be a bit overwhelming with so many options available these days. But don't worry, we’re here to help! Let's work together to find the best policy for your needs.

Overview of Top 10 Car Insurance Companies

Now that you have a better understanding of the factors that you must look out for in a Car Insurance Policy, here is our unordered list of the 10 Best Car Insurance Companies in India.

ICICI Lombard General Insurance: Comprehensive Coverage: Offers extensive coverage for various car-related risks with Doorstep cashless repairs. Vast Network: Wide network of 12,000+ partnered garages for cashless repairs. Claim Settlement Ratio: 97.07% Bajaj Allianz General Insurance: Innovative Policies: Offers innovative insurance policies catering to diverse needs. Roadside Assistance: Provides 24x7 roadside assistance for policyholders. Customer Service: Known for quality customer service and support. Claim Settlement Ratio: 96.59%

Comprehensive Coverage: Offers extensive coverage for various car-related risks with Doorstep cashless repairs. Vast Network: Wide network of 12,000+ partnered garages for cashless repairs. Claim Settlement Ratio: 97.07% Bajaj Allianz General Insurance: Innovative Policies: Offers innovative insurance policies catering to diverse needs. Roadside Assistance: Provides 24x7 roadside assistance for policyholders. Customer Service: Known for quality customer service and support. Claim Settlement Ratio: 96.59%

Bajaj Allianz General Insurance: Innovative Policies: Offers innovative insurance policies catering to diverse needs. Roadside Assistance: Provides 24x7 roadside assistance for policyholders. Customer Service: Known for quality customer service and support. Claim Settlement Ratio: 96.59%

Innovative Policies: Offers innovative insurance policies catering to diverse needs. Roadside Assistance: Provides 24x7 roadside assistance for policyholders. Customer Service: Known for quality customer service and support. Claim Settlement Ratio: 96.59%

HDFC ERGO General Insurance: Emergency Assistance: Quick and efficient emergency assistance services. Wide Network: Access to a broad network of garages for cashless repairs. Claim Settlement: Known for prompt and hassle-free claim settlements. Claim Settlement Ratio: 98.49% New India Assurance: Government-Backed: A government-owned insurer ensuring reliability. Longevity: Long-standing presence in the insurance industry. Claim Settlement: Known for efficient claim settlement processes. Claim Settlement Ratio: 92.93% Reliance General Insurance: 24x7 Helpline: Provides round-the-clock customer support. Diverse Add-Ons: Offers various add-ons like key protectors and engine coverage. Reputation: A reputable insurer with a strong market presence. Quick Response: Known for prompt response during emergencies. Claim Settlement Ratio: 98.65% United India Insurance: Government-Owned: Ensures reliability of being a government-owned company. Personal Accident Cover: Offers personal accident cover as part of policies. Service Quality: Known for providing quality insurance services. Claim settlement ratio: 97.25% Tata AIG General Insurance: Add-On Features: Provides valuable add-ons like return to invoice. Service Quality: Known for quality customer service and support. Reputation: A reputed insurer with a reliable track record. Claim settlement ratio: 93.55% National Insurance Company: Claim Settlement: Known for efficient and prompt claim settlements. Reputation: A longstanding presence in the insurance sector. Customer Service: Known for quality customer support. Claim settlement ratio: 86.28% IFFCO Tokio General Insurance: Quick Claim Settlement: Known for quick and efficient claim settlements. Service Quality: Known for quality insurance services. Reliability: Considered reliable due to their track record. Claim settlement ratio: 89.38% Future Generali India Insurance: Service Quality: Known for providing quality services to policyholders. Reliability: Considered reliable and reputable in the insurance sector. Claim settlement ratio: 96.01%

Emergency Assistance: Quick and efficient emergency assistance services. Wide Network: Access to a broad network of garages for cashless repairs. Claim Settlement: Known for prompt and hassle-free claim settlements. Claim Settlement Ratio: 98.49% New India Assurance: Government-Backed: A government-owned insurer ensuring reliability. Longevity: Long-standing presence in the insurance industry. Claim Settlement: Known for efficient claim settlement processes. Claim Settlement Ratio: 92.93% Reliance General Insurance: 24x7 Helpline: Provides round-the-clock customer support. Diverse Add-Ons: Offers various add-ons like key protectors and engine coverage. Reputation: A reputable insurer with a strong market presence. Quick Response: Known for prompt response during emergencies. Claim Settlement Ratio: 98.65% United India Insurance: Government-Owned: Ensures reliability of being a government-owned company. Personal Accident Cover: Offers personal accident cover as part of policies. Service Quality: Known for providing quality insurance services. Claim settlement ratio: 97.25% Tata AIG General Insurance: Add-On Features: Provides valuable add-ons like return to invoice. Service Quality: Known for quality customer service and support. Reputation: A reputed insurer with a reliable track record. Claim settlement ratio: 93.55% National Insurance Company: Claim Settlement: Known for efficient and prompt claim settlements. Reputation: A longstanding presence in the insurance sector. Customer Service: Known for quality customer support. Claim settlement ratio: 86.28% IFFCO Tokio General Insurance: Quick Claim Settlement: Known for quick and efficient claim settlements. Service Quality: Known for quality insurance services. Reliability: Considered reliable due to their track record. Claim settlement ratio: 89.38% Future Generali India Insurance: Service Quality: Known for providing quality services to policyholders. Reliability: Considered reliable and reputable in the insurance sector. Claim settlement ratio: 96.01%

New India Assurance: Government-Backed: A government-owned insurer ensuring reliability. Longevity: Long-standing presence in the insurance industry. Claim Settlement: Known for efficient claim settlement processes. Claim Settlement Ratio: 92.93% Reliance General Insurance: 24x7 Helpline: Provides round-the-clock customer support. Diverse Add-Ons: Offers various add-ons like key protectors and engine coverage. Reputation: A reputable insurer with a strong market presence. Quick Response: Known for prompt response during emergencies. Claim Settlement Ratio: 98.65% United India Insurance: Government-Owned: Ensures reliability of being a government-owned company. Personal Accident Cover: Offers personal accident cover as part of policies. Service Quality: Known for providing quality insurance services. Claim settlement ratio: 97.25% Tata AIG General Insurance: Add-On Features: Provides valuable add-ons like return to invoice. Service Quality: Known for quality customer service and support. Reputation: A reputed insurer with a reliable track record. Claim settlement ratio: 93.55% National Insurance Company: Claim Settlement: Known for efficient and prompt claim settlements. Reputation: A longstanding presence in the insurance sector. Customer Service: Known for quality customer support. Claim settlement ratio: 86.28% IFFCO Tokio General Insurance: Quick Claim Settlement: Known for quick and efficient claim settlements. Service Quality: Known for quality insurance services. Reliability: Considered reliable due to their track record. Claim settlement ratio: 89.38% Future Generali India Insurance: Service Quality: Known for providing quality services to policyholders. Reliability: Considered reliable and reputable in the insurance sector. Claim settlement ratio: 96.01%

Government-Backed: A government-owned insurer ensuring reliability. Longevity: Long-standing presence in the insurance industry. Claim Settlement: Known for efficient claim settlement processes. Claim Settlement Ratio: 92.93% Reliance General Insurance: 24x7 Helpline: Provides round-the-clock customer support. Diverse Add-Ons: Offers various add-ons like key protectors and engine coverage. Reputation: A reputable insurer with a strong market presence. Quick Response: Known for prompt response during emergencies. Claim Settlement Ratio: 98.65% United India Insurance: Government-Owned: Ensures reliability of being a government-owned company. Personal Accident Cover: Offers personal accident cover as part of policies. Service Quality: Known for providing quality insurance services. Claim settlement ratio: 97.25% Tata AIG General Insurance: Add-On Features: Provides valuable add-ons like return to invoice. Service Quality: Known for quality customer service and support. Reputation: A reputed insurer with a reliable track record. Claim settlement ratio: 93.55% National Insurance Company: Claim Settlement: Known for efficient and prompt claim settlements. Reputation: A longstanding presence in the insurance sector. Customer Service: Known for quality customer support. Claim settlement ratio: 86.28% IFFCO Tokio General Insurance: Quick Claim Settlement: Known for quick and efficient claim settlements. Service Quality: Known for quality insurance services. Reliability: Considered reliable due to their track record. Claim settlement ratio: 89.38% Future Generali India Insurance: Service Quality: Known for providing quality services to policyholders. Reliability: Considered reliable and reputable in the insurance sector. Claim settlement ratio: 96.01%

Reliance General Insurance: 24x7 Helpline: Provides round-the-clock customer support. Diverse Add-Ons: Offers various add-ons like key protectors and engine coverage. Reputation: A reputable insurer with a strong market presence. Quick Response: Known for prompt response during emergencies. Claim Settlement Ratio: 98.65% United India Insurance: Government-Owned: Ensures reliability of being a government-owned company. Personal Accident Cover: Offers personal accident cover as part of policies. Service Quality: Known for providing quality insurance services. Claim settlement ratio: 97.25% Tata AIG General Insurance: Add-On Features: Provides valuable add-ons like return to invoice. Service Quality: Known for quality customer service and support. Reputation: A reputed insurer with a reliable track record. Claim settlement ratio: 93.55% National Insurance Company: Claim Settlement: Known for efficient and prompt claim settlements. Reputation: A longstanding presence in the insurance sector. Customer Service: Known for quality customer support. Claim settlement ratio: 86.28% IFFCO Tokio General Insurance: Quick Claim Settlement: Known for quick and efficient claim settlements. Service Quality: Known for quality insurance services. Reliability: Considered reliable due to their track record. Claim settlement ratio: 89.38% Future Generali India Insurance: Service Quality: Known for providing quality services to policyholders. Reliability: Considered reliable and reputable in the insurance sector. Claim settlement ratio: 96.01%

24x7 Helpline: Provides round-the-clock customer support. Diverse Add-Ons: Offers various add-ons like key protectors and engine coverage. Reputation: A reputable insurer with a strong market presence. Quick Response: Known for prompt response during emergencies. Claim Settlement Ratio: 98.65% United India Insurance: Government-Owned: Ensures reliability of being a government-owned company. Personal Accident Cover: Offers personal accident cover as part of policies. Service Quality: Known for providing quality insurance services. Claim settlement ratio: 97.25% Tata AIG General Insurance: Add-On Features: Provides valuable add-ons like return to invoice. Service Quality: Known for quality customer service and support. Reputation: A reputed insurer with a reliable track record. Claim settlement ratio: 93.55% National Insurance Company: Claim Settlement: Known for efficient and prompt claim settlements. Reputation: A longstanding presence in the insurance sector. Customer Service: Known for quality customer support. Claim settlement ratio: 86.28% IFFCO Tokio General Insurance: Quick Claim Settlement: Known for quick and efficient claim settlements. Service Quality: Known for quality insurance services. Reliability: Considered reliable due to their track record. Claim settlement ratio: 89.38% Future Generali India Insurance: Service Quality: Known for providing quality services to policyholders. Reliability: Considered reliable and reputable in the insurance sector. Claim settlement ratio: 96.01%

United India Insurance: Government-Owned: Ensures reliability of being a government-owned company. Personal Accident Cover: Offers personal accident cover as part of policies. Service Quality: Known for providing quality insurance services. Claim settlement ratio: 97.25% Tata AIG General Insurance: Add-On Features: Provides valuable add-ons like return to invoice. Service Quality: Known for quality customer service and support. Reputation: A reputed insurer with a reliable track record. Claim settlement ratio: 93.55% National Insurance Company: Claim Settlement: Known for efficient and prompt claim settlements. Reputation: A longstanding presence in the insurance sector. Customer Service: Known for quality customer support. Claim settlement ratio: 86.28% IFFCO Tokio General Insurance: Quick Claim Settlement: Known for quick and efficient claim settlements. Service Quality: Known for quality insurance services. Reliability: Considered reliable due to their track record. Claim settlement ratio: 89.38% Future Generali India Insurance: Service Quality: Known for providing quality services to policyholders. Reliability: Considered reliable and reputable in the insurance sector. Claim settlement ratio: 96.01%

Government-Owned: Ensures reliability of being a government-owned company. Personal Accident Cover: Offers personal accident cover as part of policies. Service Quality: Known for providing quality insurance services. Claim settlement ratio: 97.25% Tata AIG General Insurance: Add-On Features: Provides valuable add-ons like return to invoice. Service Quality: Known for quality customer service and support. Reputation: A reputed insurer with a reliable track record. Claim settlement ratio: 93.55% National Insurance Company: Claim Settlement: Known for efficient and prompt claim settlements. Reputation: A longstanding presence in the insurance sector. Customer Service: Known for quality customer support. Claim settlement ratio: 86.28% IFFCO Tokio General Insurance: Quick Claim Settlement: Known for quick and efficient claim settlements. Service Quality: Known for quality insurance services. Reliability: Considered reliable due to their track record. Claim settlement ratio: 89.38% Future Generali India Insurance: Service Quality: Known for providing quality services to policyholders. Reliability: Considered reliable and reputable in the insurance sector. Claim settlement ratio: 96.01%

Tata AIG General Insurance: Add-On Features: Provides valuable add-ons like return to invoice. Service Quality: Known for quality customer service and support. Reputation: A reputed insurer with a reliable track record. Claim settlement ratio: 93.55% National Insurance Company: Claim Settlement: Known for efficient and prompt claim settlements. Reputation: A longstanding presence in the insurance sector. Customer Service: Known for quality customer support. Claim settlement ratio: 86.28% IFFCO Tokio General Insurance: Quick Claim Settlement: Known for quick and efficient claim settlements. Service Quality: Known for quality insurance services. Reliability: Considered reliable due to their track record. Claim settlement ratio: 89.38% Future Generali India Insurance: Service Quality: Known for providing quality services to policyholders. Reliability: Considered reliable and reputable in the insurance sector. Claim settlement ratio: 96.01%

Add-On Features: Provides valuable add-ons like return to invoice. Service Quality: Known for quality customer service and support. Reputation: A reputed insurer with a reliable track record. Claim settlement ratio: 93.55% National Insurance Company: Claim Settlement: Known for efficient and prompt claim settlements. Reputation: A longstanding presence in the insurance sector. Customer Service: Known for quality customer support. Claim settlement ratio: 86.28% IFFCO Tokio General Insurance: Quick Claim Settlement: Known for quick and efficient claim settlements. Service Quality: Known for quality insurance services. Reliability: Considered reliable due to their track record. Claim settlement ratio: 89.38% Future Generali India Insurance: Service Quality: Known for providing quality services to policyholders. Reliability: Considered reliable and reputable in the insurance sector. Claim settlement ratio: 96.01%

National Insurance Company: Claim Settlement: Known for efficient and prompt claim settlements. Reputation: A longstanding presence in the insurance sector. Customer Service: Known for quality customer support. Claim settlement ratio: 86.28% IFFCO Tokio General Insurance: Quick Claim Settlement: Known for quick and efficient claim settlements. Service Quality: Known for quality insurance services. Reliability: Considered reliable due to their track record. Claim settlement ratio: 89.38% Future Generali India Insurance: Service Quality: Known for providing quality services to policyholders. Reliability: Considered reliable and reputable in the insurance sector. Claim settlement ratio: 96.01%

Claim Settlement: Known for efficient and prompt claim settlements. Reputation: A longstanding presence in the insurance sector. Customer Service: Known for quality customer support. Claim settlement ratio: 86.28% IFFCO Tokio General Insurance: Quick Claim Settlement: Known for quick and efficient claim settlements. Service Quality: Known for quality insurance services. Reliability: Considered reliable due to their track record. Claim settlement ratio: 89.38% Future Generali India Insurance: Service Quality: Known for providing quality services to policyholders. Reliability: Considered reliable and reputable in the insurance sector. Claim settlement ratio: 96.01%

IFFCO Tokio General Insurance: Quick Claim Settlement: Known for quick and efficient claim settlements. Service Quality: Known for quality insurance services. Reliability: Considered reliable due to their track record. Claim settlement ratio: 89.38% Future Generali India Insurance: Service Quality: Known for providing quality services to policyholders. Reliability: Considered reliable and reputable in the insurance sector. Claim settlement ratio: 96.01%

Quick Claim Settlement: Known for quick and efficient claim settlements. Service Quality: Known for quality insurance services. Reliability: Considered reliable due to their track record. Claim settlement ratio: 89.38% Future Generali India Insurance: Service Quality: Known for providing quality services to policyholders. Reliability: Considered reliable and reputable in the insurance sector. Claim settlement ratio: 96.01%

Future Generali India Insurance: Service Quality: Known for providing quality services to policyholders. Reliability: Considered reliable and reputable in the insurance sector. Claim settlement ratio: 96.01%

Service Quality: Known for providing quality services to policyholders. Reliability: Considered reliable and reputable in the insurance sector. Claim settlement ratio: 96.01%

Types of Car Insurance

Third Party

This type of insurance is mandatory under the Motor Vehicles Act, 1988. It covers the insured individual against legal liabilities arising from damages caused to a third party involving their vehicle. It includes compensation for injury, death, or property damage to others caused by your car.

Comprehensive

This is a more extensive form of coverage that includes both third-party liability and coverage for damages to your vehicle. It covers expenses arising from accidents, theft, fire, natural calamities, vandalism, and more. It also includes personal accident cover for the owner-driver.

Standalone / Own Damage

This type of insurance specifically covers damages to your vehicle due to accidents, theft, fire, natural disasters, or malicious acts. It's usually combined with a third-party liability policy to create comprehensive coverage.

Boost the Protection of your Car with these Add-ons

No Claim Bonus

Zero Depreciation

Roadside Assistance

Personal Accident Cover

Engine Protection Cover

Daily Allowance Cover

Consumable Cover

Accessories Cover

Passenger Cover

Invoice Cover

Key Replacement Cover

Loss of Personal Belongings

Paid Driver Cover

Tyre Damage Cover

RIM Damage Cover

Voluntary Deductible

What's Covered under Car Insurance?

What's Not Covered under Car Insurance?

Important Factors Affecting Car Insurance Premiums

When you Buy Car Insurance Online on Coverfox, you will be prompted to fill out a few basic details about your car. These details are then used to determine the premiums. Some of the factors investigated include the following:

How to Buy / Renew Car Insurance Online at Coverfox?

Best Car Insurance Companies in India 2024

How to Claim Car Insurance?

Filing a car insurance claim involves several steps:

Car Manufacturers in India

Frequently Asked Questions

Which is the Best Car Insurance Company in India?

The best car insurance company in India may not be the same for everyone and it differs from person to person. Every car owner has individual needs depending on which he/she purchases the policy. If you are looking for a car insurance company online, you need to make online comparisons and choose the company based on the coverage and benefits offered.

How many car insurance companies are there in India?

There are over 25+ car insurance companies in India

Do Car Insurance Companies Ask Proof of Marriage?

NO, car insurance companies in India do not require your proof of marriage for buying a car insurance plan.

Which are Good Car Insurance Companies in India?

HDFC ERGO, Edelweiss, Reliance General are among the top car insurance companies in India. It is advisable to check the claim settlement ratio of the insurer.

Are Car Insurance Companies Open on Saturdays and Sundays?

NO, car insurance companies do not operate on Saturdays and Sundays. But you can always file a claim 24x7 through their dedicated helpline number.

How many car insurance companies are there in India?

There are over 25+ insurance companies in India that offer you car insurance coverage.

Which is the best car insurance company in India?

Few of the top car insurance companies in India are: HDFC Ergo, Reliance General Insurance, Edelweiss, Acko, etc.

Can I change my car insurance company?

Yes, you can change your car insurance company in case you are not satisfied with the existing insurer through the process of porting. You can compare various car insurers online based on various factors such as claim settlement ratio, coverage, benefits, premium, etc.

Which are the top 10 car insurance companies in India?

Top 10 car insurance companies in India are:

Will car insurance companies pay for all the damages in a car accident?

Yes, car insurance companies will pay for all the damages caused due to an accident including property damage, damage caused to your own car or that of the third party.

How do insurance companies estimate car damage?

In case of car damage, a surveyor is appointed by the insurance company to check on the damages who gives an estimate of the repair costs based on the existing market value of the car.

Do I need to inform my car insurance company if I change the CNG in my car to LPG?

Yes, you need to inform the insurance company in case you change from CNG car to LPG.

Is it possible to change my car insurance company?

Yes, you can change your car insurance company if you are not satisfied with the existing coverage offered by the insurer.

Will my car insurance company pay me compensation equal to the IDV of the car?

Yes, in case of total loss of the vehicle or theft the insurance company will compensate you with an amount equivalent to the IDV of your car.

What will happen to my NCB if I switch my car insurance company?

If you switch car insurance company within 90 days of policy expiry then you can retain the NCB benefits i.e. still be eligible to receive NCB discount.

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