India is one of the fastest-growing car markets in the world and there are many companies that are trying to attract customers with their offers. In this article, we have compiled a list of the best car insurance companies in India that you can consider as your first choice when it comes to buying insurance for your car.
Best Car Insurance Companies In India
- Compare the price of each company. The best way to find out what a car insurance company will cost you is to compare the rates of all their offers and decide which one you think suits your needs best.
- Choose the one with the best features, benefits, and discounts. Once you’ve narrowed down the options based on price, it’s time to check out some additional factors like coverage types (collision/liability), expiry period, add-ons, and so on. This will help narrow down your search even further as well as give insight into what type of customer they are looking for in terms of age group etc., which can help when deciding whether or not they’re right for me!
Once you’ve narrowed down your search and have decided on a few companies, it’s time to get quotes from them. The best way to do this is by filling out an online quote form for each company you’re considering. Here are some tips for getting accurate quotes:
-Make sure you’re listing all the relevant information about your cars such as make/model, year, and mileage. -If you have any add-ons (like an alarm or anti-theft devices), make sure to include them too!
-Make sure to enter your correct postcode and contact details. -Don’t forget to answer all the questions in the form as accurately as possible (e.g. whether you drive mostly in town or on highways, how many people are likely to be driving your car etc.).
-Provide as much information about yourself and your driving history as possible. -Make sure to get quotes from at least 3 companies so you have a better idea of what’s out there and what types of prices are available.
Once you’ve received these quotes, it’s time to compare them. You may want to consider factors like: -How long has the company been in business? -What kind of service does the company promise and how does this match up with what they actually do?
-What type of warranty do they offer? -Do they have good reviews on sites like Google and Facebook? -Is there anything else you can learn about the company that could help you make an informed decision? Once you’ve found a few companies that look promising, it’s time to compare the quotes. Make sure to consider factors like: -How long has the company been in business?
Oriental Car Insurance
Oriental Car Insurance is an Indian insurance company headquartered in Mumbai. It was founded in 1911 by Sir Ganga Ram as the first indigenous insurance company in India. In 2015 it merged with New India Assurance Company Limited (NIACL), a subsidiary of Reliance Capital Holdings Ltd., which was formed on 19 July 1919 as one of the five Swadeshi general insurance companies of India.
Oriental Insurance Co Ltd has its headquarters at Kolkata’s Bhowanipore district and also has branches across West Bengal including Howrah, Kolkata, and Siliguri; Uttar Pradesh including Lucknow & Kanpur, etc.; Haryana; Punjab; Rajasthan; Delhi NCR region, etc. The company provides life & health insurance services to individuals & corporates across all states except Jammu & Kashmir where only health plans are available.
The company was founded by Sir Ganga Ram as a general insurance company in 1911. In 1938, it became a public limited company and was listed on the Calcutta Stock Exchange (now known as BSE). In 1961, it acquired its first motor insurance company, United National General Insurance Co Ltd (UNGIC), which was established in 1944 by Amarchand Jeejeebhoy & Co. It also had a shareholding of 50% in New India Assurance Co. Ltd., which was established in 1919 as one of the five Swadeshi general insurance companies in India.
In 1970, Oriental Insurance Co Ltd was listed on the Bombay Stock Exchange (BSE). In 1982, it acquired United India Insurance Co. Ltd., another of the five Swadeshi general insurance companies in India. In 1984, it acquired New India Assurance Co. Ltd., which had a shareholding of 50% in UNGIC, thus making Oriental Insurance Co Ltd a holding company for both UNGIC and NIA Co.
In 1986, the company entered into an agreement with The United States Life Insurance Company (ULIC), which was a subsidiary of the American company Metropolitan Life Insurance Co. Ltd., and became its wholly owned subsidiary. The company had a shareholding of 50% in New India Assurance Co. Ltd., which was established in 1919 as one of five Swadeshi general insurance companies in India
HDFC Ergo Car Insurance
HDFC Ergo Car Insurance is a joint venture between HDFC Life and HDFC General. It has a wide range of car insurance plans to choose from, including third-party only, comprehensive and third-party fire damage cover.
HDFC Ergo offers several benefits like roadside assistance, free services like repairs, and engine protector cover that other insurers don’t offer. The company also offers add-on covers for vehicles ranging from zero depreciation cover to flood and earthquake cover.
The company has over 10,000 network garages across India which means you can get your vehicle repaired at any time without any hassle or delay in getting it back on the road again!
HDFC Ergo Car Insurance offers some of the best car insurance plans in India. It offers third-party only and comprehensive cover for different types of cars including hatchbacks, sedans, and SUVs. The company also provides add-on covers for vehicles ranging from zero depreciation cover to flood and earthquake cover.
Iffco Tokio Car Insurance
Iffco Tokio Car Insurance is a joint venture between Iffco and Tokio Marine. It offers a wide range of insurance products for personal and commercial vehicles.
It is one of the best car insurance companies in India due to its strong back-end operations, low premium rates, wide coverage options, and excellent customer service facilities. The company has also been selected as ‘Best General Insurance Company of the Year by the Asia Insurance Industry Awards for four consecutive years (2017-2022).
The company is one of the oldest insurance companies in India, having been established in 1895. It has a strong presence in almost every state and union territory of India, with over 300 branches across the country. It offers a wide range of products and services including motor insurance, health insurance, life insurance, and general insurance.
Tokio Car Insurance is a joint venture between Iffco and Tokio Marine. It offers a wide range of insurance products for personal and commercial vehicles. It is one of the best car insurance companies in India due to its strong back-end operations, low premium rates, wide coverage options, and excellent customer service facilities.
United India Car Insurance
United India Car Insurance is a joint venture between United India Insurance Company and Mitsui Sumitomo Insurance Company. It offers a wide range of car insurance plans to meet your needs. The company has a dedicated customer care team that will help you with all your queries. Reliance General Insurance is one of the most trusted and largest car insurance companies in India.
The company offers a wide range of car insurance plans to meet your needs. It has a dedicated customer care team that will help you with all your queries. The company also offers motorbike insurance, two-wheeler insurance, personal accident insurance, and travel insurance.
The company also offers motorbike insurance, two-wheeler insurance, personal accident insurance, and travel insurance. It is a subsidiary of the Reliance Group and has its headquarters in Mumbai.
Reliance General Car Insurance
Reliance General Car Insurance is a joint venture between Reliance General Insurance and Tata AIG. The company offers comprehensive insurance coverage for cars, bikes, SUVs, and vans. It also provides third-party liability coverage. Best car insurance companies in India provide cashless service at network garages located in different parts of the country so you can file a claim online or through a mobile application.
Reliance General Car Insurance is known for its easy payment options such as credit/debit cards, net banking, and mobile wallets such as Paytm Wallet & Mobikwik Wallet which make it easy for people to pay their premium online with just one click!
The company offers three types of car insurance policies: – Third Party Insurance (covering only third-party losses) – Comprehensive Insurance Cover (covers both third-party and own damage) – Personal Accident Cover (Covers the insured driver in case of death or permanent disability due to an accident caused by him/her).
Bajaj Allianz Car Insurance
Bajaj Allianz Car Insurance offers a wide range of car insurance plans to suit different needs. Bajaj Allianz car insurance offers comprehensive car insurance, which covers all aspects related to your vehicle, including theft and vandalism, fire and smoke damage, anti-collision, etc.
The following are some features that make it stand out from other insurers:
- Zero Depreciation Cover – This is one of the most important features offered by any insurer as it ensures that you do not have to bear any expenses on account of depreciation during the period covered under the policy. In case there is any depreciation in your vehicle during this period then this feature allows you to claim for its repair or replacement at discounted rates as compared with what would be charged if these were not covered under an existing warranty contract or maintenance plan provided by another company like Honda Motorcycles India Pvt Ltd (HMI).
Tata AIG Car Insurance Company
Tata AIG Car Insurance Company is one of the best car insurance companies in India. It is a joint venture between Tata AIG and Indiabulls. The brand offers comprehensive coverage for all types of vehicles, including cars, SUVs, vans, mopeds, and more at affordable rates.
The company was launched in March 2013 as part of an agreement between the two companies to bring together their respective strengths by forming an entity that would serve customers with best-in-class service offerings across multiple segments like finance products (home loans), travel & leisure services, etc., thus creating value for both stakeholders through synergies derived from their combined investments into this venture.”
Final Takeaway: Affordable & best car insurance companies in India ensures the financial safety of your car and security for you and your family when you drive the car.
As you are aware, car insurance is important for every driver. You should get the best car insurance company and compare them with each other.
You can also get a good deal on your car insurance by comparing the different companies available in India.
In this article, we have discussed the top 5 car insurance companies in India. We have also discussed why you should choose one of these companies and how they can help you get affordable car insurance.