Top 10 Car Insurance Companies in India

Are you in the search of a good car for you this year??? If yes, then congratulations! But never forget to choose the best car insurance company along with your new car. Most of the time people are buying their favorite car but they never think about their car insurance and sometimes people are just not caring about which company they are choosing for the car insurance and later facing many difficulties. So it’s quite important for you to choose a good car insurance company for the safety of your lovely car. Auto insurance always works as a protective shield for your car. If you faced any accident or loss of your car then that time you can claim your insurance for the recovery money which always works as a consolation for your headache. So guys, in this article we are going to discuss top 10 best car insurance companies in India.

Top 10 Car Insurance Companies in India

As all of you know it’s quite difficult to ride in Indian roads as every day many accidents are happening. Careless driving, unnecessary speeding are some main cause of these accidents so it’s quite uncertain that you are not going to face any type of sudden accident during your drive so it’s quite important to do your car insurance as it provides the benefit to survivor when an accident result to death and some time if your car got any type of accidental damage then you can also get the compensation from the insurance company side. As you are getting so many facilities by just applying for car insurance then you must go with a reputed insurance company for the better and fast service. You will find best car insurance companies here in this top 10 list.

Top 10 Car Insurance Companies in India

10. Universal Sompo General Insurance

This is one of the trusted insurance company in India and known as the first public-private partnership in Indian General insurance industry. This company got its license in November 2007 from IEDA. So never miss the insurance cover opportunity from this company. You will get complete roadside assistance program under its insurance file contracts which is quite beneficial for you.

Facilities of this company

  • It offers special concessions to blind people, handicapped and mentally disable child on specially designed vehicles.
  • It offers quick replacement facility for the damage parts of your car.
  • You also get many discount offers on special days and also claim membership of Automobile Association.

The headquarters of this auto insurance company is in Mumbai. Mr. Rajiv Kumar is the managing director and CEO of this company.

9. Royal Sundaram General Insurance

Royal Sundaram General Insurance Company was step up as the first insurance company from IRDA (Insurance regulatory and development Authority of India) in the month of October 2000. This is a popular and trusted insurance company and it has the better connection with many banks for the better insurance service so you can choose this insurance company for your car without any hesitation.

Some of the Features

  • Policy owner get 24×7 helpline service for their insurance claim
  • In an emergency situation, you will get 24×7 assistance for roadside.
  • You can claim immediately in case of any road mishap
  • You will get fast insurance claim approval if you will face an encounter with any kind of accident.

The headquarters of this company is in Chennai and Mr. MS Sreedhar is the MD of this famous insurance company.

8. Oriental Insurance Company Ltd

With headquarters in Delhi Oriental Insurance Company Ltd is well known as the best public sector insurance company of India. This company was founded on September 12, 1947. As per the record this company has earned a premium gross of Rs 7282.54 crores in the 2013-14 financial years. This is one of the famous car insurance companies in India which have more than 14k employees and almost 1.8k offices across India.

Some features

  • You can easily renew or buy new policy anywhere at any time by the help of the customer support expert.
  • You will always get excellent insurance claim service as it has the best record in this matter.

7. United India Car Insurance

United India Car Insurance Company is an old organization which was nationalized in 1972 and incorporated on 18th February 1938. This is known as one of the leading Asian continent insurance company. The report says that this company has near about 528 crores of net profit in the year 2013-14. The headquarters of this company is in Chennai.

Features of this company

  • Simply download the app for the policy renewal on time.
  • It works in various states of India and you will get 24X7 customer help from this company.
  • Instant insurance coverage, cashless claims facilities are well available

6. HDFC ERGO General Insurance Company

In the year 2002, HDFC ERGO General Insurance Company was founded and now it’s one of the most promising car insurance companies in India. The headquarters of this company is in Mumbai and it is a Germany based company. Mr. Ritesh Kumar is the managing director of this company.

Special features

  • Get instant Personal accident policy and e-policy with 24 hours global coverage.
  • You can deal with cashless payment option
  • You can get various discount offers on Car insurance policy
  • Quite easy to register and very few important documents are required.

5. Reliance General Insurance Company

This is a famous insurance company which was founded in August 2000 after getting the license from IRDA. Across India, you will get almost 139 offices of this company and it always offers best insurance service to its customer. This company offers cheap car insurance policies for the car owner. You can also take insurance for two wheelers from this company. You can easily buy your insurance policy through various payment options like Net banking, Paytm or debit/credit card.

Some important features

  • You can claim your amount if any kind of road misshaping to your vehicle.
  • You can get up to 60% of discount on car insurance policy.
  • No hidden cost taken from the insurance holder.

The founder of this company is Mr. Dhirubhai Ambani.

4. Bajaj Allianz General Insurance

Bajaj Allianz General Insurance Company comes at no 4th position in the list of best car insurance companies in India. This renowned insurance company was founded in the year 2001 and the headquarters of this company is in Pune, India. This company is a joint venture of Allianz SE and Bajaj Finserv Limited. You can enjoy many good and attractive policies for your car insurance. It’s a trusted company and you can take help of this company for more information.

Highlighted features

  • Policyholder can get high standard service with proper car inspection at the selected workshops.
  • From any previously done insurance providers policy holder can entitle to shift half of their existing without any bonus claim.
  • If your car gets damaged due to the accident you can easily get the towing facility.
  • Company provided more than 1500 ideal garages for cashless claims. If the cashless facility is unavailable then you will get 75% on account payment facility without any problem.

This company provides service all over the world. This company has almost INR 59billion in the year2015-16. The net income of this company is around US$89 million. Tapan Singhel is the MD and CEO of this company.

3. ICICI Lombard Motor Insurance

This is a reputed company which was found in the year 2001. It is a renowned and the best auto insurance company of India. This company has a good relationship with ICICI bank which is known as the second largest bank of Indian and the report says that it has over than USD 100 billion.

Features of this Insurance Company

  • The insurance claim process is quite easy and fast
  • You will get many add-on covers on its car insurance policy
  • This company has more than3.3 k branches across the India
  • You will get 24hour active customer help center
  • You can easily register or renewal your policy through the Internet.

The CEO of this company is Mr. Bhargav Dasgupta and Executive director Mr. Sanjeev Mantri.

2. Tata AIG General Insurance

Tata AIG General Insurance Company was founded in 2001 and known as one of the best insurance company. The head quarter of this company is in Mumbai. You can easily get the insurance policy on second hand cars, two wheelers and commercial vehicles. This company was created history when 11.22 million policies are created and around 6.44 million claims are well settled. Tata sons’ have74% of the share of this company and rest 26% share is owned by America International Group. Neelesh Garg is the CEO of this company.

Key features

  • This company always provides the assurance of the safety.
  • You can get up to 6 months of accident repair warranty.
  • Without any type of inconvenience you can easily claim your insurance
  • You will find 12 unique add on covers for the better safety purpose of your insurance.

1. National Insurance Company Ltd (NIC)

National Insurance Company Ltd comes at the top in the list of best car insurance companies in India.  The headquarters of this company is in Kolkata and it is a state owned general insurance company. This company was nationalized in 1972. This is known as one of the most secure and safe insurance company for your car.

Important Features

  • You can get up to 7.5 lakh for third property damage
  • The incurred claim ratio of this company is 69.35%
  • You can cover wide array of mishaps

This company mainly provides services to south Asia region. As this comes at the top of the list you can choose this company for your car insurance.

If you want to buy any insurance cover then you should have kept some important factors in your mind like

  • Never forget to read and under all the terms and conditions of the company policy
  • Check whether there is 24X7 complete roadside assistance
  • Stress relief terms
  • Make sure about the legal protection
  • Check all the discount offers and go for the best one as per your requirement
  • Check whether Repair or replace condition

This is all about this article hope you get all important information regarding top 10 best insurance companies. So choose any one insurance company from the above discussed insurance company lists and get security coverage along with roadside assistance.

Imran Khan

Author at Top10About.com
Its me Imran Khan behind Top10About.com and Co-founder of WorthofBLog.com. I am from India. If you want to contribute or publish your post on this Blog, contact me at Top10About786@gmail.com. You can also catch me on Social Media by following links Facebook , Google+ and Twitter.

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