Top 5 Car Insurance Companies in India

Top 5 Car Insurance Companies in India

Car insurance is the best means to secure your purchased car from any unforeseen circumstances that may cause you a great loss. Before opting for such insurance, you must be aware of Top 5 Car Insurance Companies in India .

As per the Indian Motor Act, it is compulsory for every car owner to opt for valid car insurance. The top 5 Auto/Motor Insurance Providers offers the best car insurance plans and are having highest claim paid ratio. So to get the best car insurance scheme, check out Top 5 Car Insurance Companies in India 2018.

It is recommended to take a car insurance policy that covers the damage made to the vehicle in case of natural or man-made calamities or in case of any mishap happen in future or any damage caused to the third party by your car. So keeping this in mind, choose your car insurance company from the below compiled list.

Top 5 Car Insurance Companies in India

List Of Car Insurance Companies In India

#1. National Insurance Company Ltd. (NIC)

National Insurance Company Limited is one of the best and top ranked Auto Insurance Providers in the list of Top 5 Car Insurance Companies in India. This state owned general insurance company is best known for its affordable car insurance plans. The company has more than 1000 offices across India that various features as stated below.

Special Features

  • Awarded with Business Leadership Award, 2012
  • Wide array of mishaps and possibilities covered
  • Ample network of branchestio
  • Third property damage up to 7.5 Lakhs
  • Incurred Claim Ratio of 69.35%
  • Offers Best Car Insurance Plans

Check Out! Top 10 Fastest Sports Cars

#2. ICICI Lombard Motor Insurance

ICICI Lombard is one of India’s largest private sector general insurance Company and its car insurance service has managed to receive accolades from many customers. ICICI Lombard GIC Ltd is known for its tech savvy approach, robust customer support and online EMI application procedures and is recognized as Best Car Insurance Company In India.

Its Special Features includes:

  • Online purchase of EMIs
  • Cashless settlement at 3300+ network garages across India
  • Wide range of add-on covers
  • Towing assistance

The one company that has outpaced other insurance providers in the race to best car insurance company in India is ICICI Lombard General insurance. This is due to its sole focus on customer satisfaction and paying special emphasis on it. It is also the first organization to have provided digitally signed documents via its web based interface. ICICI Lombard is also rated in a survey in year 2013 as the “The Best Recommended Company” for car insurance.

Know Here: ICICI Lombard Toll Free Number

#3. HDFC ERGO General Insurance Company

The multiple awards winning HDFC ERGO auto insurance company is founded in 2002 and has one of the highest claim settlement ratios among the private motors insurer. It is an ISO 9001:2008 certified insurance Co. It has been rated the best in 2013 by IAIR (an international rating agency), and iAAA by ICRA and hence known to be one of the best car insurance companies in India.

  • Age and profession based discounts on certain policies
  • Zero documentation
  • Quick claim settlement
  • Cashless settlement at 1600+ network garages
  • Availability of a bunch of discount offers

Check Out: HDFC ERGO General Insurance Contact Number

#4. United India Car Insurance

United India Insurance Co Ltd is wholly owned subsidiary of the Indian government and is one of the top car insurance company in Asia with numerous awards in its bag. This car insurance company has the highest claim paying capacity, making it one of the Top Car Insurance Companies In India. It has a strong brand value and reputation in the motor insurance sector.

It has several benefits like:

  • Renew policy via easy mobile app.
  • Offered in two forms- package policy & liability only policy
  • Attractive discounts offered when user complies with certain requirements
  • Nationwide reach
  • Offers Best Car Insurance Policies

Get Toll Free Number: United India Insurance Customer Care Number

#5. Oriental Insurance Company Ltd.

The Oriental Insurance Company Ltd is the central government-owned company founded in 1947. The firm is known for its high claim settlement ratio and quick processing of settlements in addition to many additional value added services and hence it is amongst the Top Rated Car Insurance Companies In India.

The private car insurance package offered by Oriental Insurance is acclaimed for its simplicity, coverage across many parameters and expert customer support initiative. It has 26 regional offices in India. Besides, it functions in locations such as Nepal, Dubai, and Kuwait.

Here are some highlights of Oriental’s car insurance cover:

  • Excellent claim settlement record
  • 1800+ branches across India
  • Buy/renew policy online
  • Valuable add-on covers
  • Robust customer support and agent network

Check Out: Oriental Insurance Customer Care Number

You can stay in touch with us through our web portal and keep yourself updated with more useful information. You can share your views regarding Top 5 Car Insurance Companies in India in the comment box given below.

So we have listed the top rated Car Insurance Companies that satisfies their customers in all respect like renewal/purchase policy, claims, service support, special offers, payment options and number of garages/outlets.

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