Picking a car insurance policy solely based on the lowest premium is not a good idea. The Lowest premium policy may not adequately cover some essential add-ons like personal accident cover for co-passengers. The best car insurance policy is the one that offers the maximal cover for an affordable premium.
We have listed here the best car insurance companies and policies for you.
- Royal Sundaram General Insurance
Royal Sundaram is the sole insurance company that provides free flat tire, emergency fuel delivery, and roadside assistance services. It has a network for 3300+ garage in India. The sustained claim ratio is healthy at 84.99%.
- Tata AIG Insurance
Tata AIG has tie-ups with a 3000+ workshops network in India. The insurance company covers accidental damage or loss of the insured car. The sustained claim ratio is at 79.31%.
- HDFC Ergo
HDFC Ergo has tie-ups with 6800+ cashless garage network in all over India. The insurance company provides overnight car repair services in case of minor accidental damages. The collected claim ratio is healthy at 84.37% and has an online claim initiation facility via QR Code.
- Bharti AXA
Bharti AXA has a network of 2500+ garages for aid and a free policy remainder facility. Bharti AXA gives additional add-on for ambulance charges, medical expenses of Rs. 10,000 and hospital cash. The incurred claim ratio is 81.47%.
- The New India Assurance
The New India Assurance Company is one of the oldest government insurance companies with widespread reach. The incurred claim ratio is 79.68%.
We will also look for a few best car insurance policies in India
- Tata AIG Car Insurance
It offers flexibility to customize the car insurance policy as per the requirements. The best part is that Tata AIG even lets you possess a nonclaim bonus even after selling the car.
- Royal Sundaram Car Insurance
The insurer in this policy provides various discounts like:
- Discount of Rs. 100 is provided if opted for a reduction in limits for third-party property damage.
- 35% discount when opting for a voluntary deductible of Rs. 15000.
Car insurance policy coverage includes:
- Loss or damage protection.
- Unlimited third-party liability.
- Personal accident covers for owner-driver, the paid driver, and car occupants.
They also provide additional Add-on covers such as:
- Depreciation waiver
- Voluntary deductible cover
- Loss of baggage cover
- NCB protector
- Tyre cover
- Windshield glass cover
- Full invoice price insurance cover
- Spare car clause
- Key replacement cover
- Lifetime road tax clause
- HDFC ERGO car insurance
The best car insurance plans in HDFC Ergo are as follows:
- HDFC Ergo Single year comprehensive car insurance
- HDFC Ergo long term comprehensive car insurance
- HDFC Ergo third-party liability car insurance
They also provide additional Add-on covers such as:
- Zero Depreciation
- Emergency assistance cover
- No claim bonus protection
- Return to Invoice
- Engine and gearbox protection
- Key replacement cover
- Cost of consumable items
- Loss of use – downtime protection.
- Bharti AXA car insurance
You can buy and renew Bharti AXA insurance hassle-free online. They provide Third party car insurance policy and comprehensive car insurance policy.
They also provide additional Add-on covers such as:
- Zero depreciation cover
- Roadside assistance cover
- Invoice price cover
- Medical expenses
- Key replacement
- Consumables cover
- Hospital cash
- Engine and gearbox cover
- Ambulance charges
- The New India Assurance Co. Ltd. Car Insurance
The best car insurance plans of New India Assurance Co. Ltd are:
- Liability only policy – This is a third-party liability for bodily injury or death and property damage. This policy also includes personal accident cover for owner i.e., driver.
- Private car motor insurance policy – This covers loss or damage to the vehicle insured, including the liability-only policy.
They also provide optional additional Add-on covers such as:
- Loss or damage to the accessories such as stereos, fans, and ACs
- Personal accident cover for co-passengers and paid-driver
- Legal liabilities to employees.
