top Plans claim advantage Self-Video Claims

reimbursement Within 7 Working Days For Non-Cashless
claim advantage Self-Video Claims
reimbursement Within 7 Working Days For Non-Cashless
title advantage spot Claims Upto Rs. 30,000
Repair service at choice cashless garages
claim advantage 6-Month Repair Warranty
Advance claim payment
rid Pick-up & Drop
claim advantage Self-Video Claims
reimbursement Within 7 Working Days For Non-Cashless
claim advantage Covers damages to third party property
Covers damages to third party person
title advantage Covers damages to third party property
Covers damages to third party person
claim advantage Covers damages to third party property
Covers damages to third party person
claim advantage Covers damages to third party property
Covers damages to third party person
call advantage Covers damages to third party property
Covers damages to third party person
See more plans
above-mentioned prices are for a 7-year-old Maruti WAGON R AVANCE LXI ( 998 CC ) registered in Gurgaon and 15 days before termination of previous policy

car indemnity Companies in India

here is a list of car insurance companies in India and the number of network garages, Incurred title proportion, PA cover details .

Car Insurance Company Cashless Garages Incurred Claim Ratio % 2020-21 PA Cover  Third-Party Cover Comprehensive Cover
Bajaj Allianz Car Insurance 1024 68.06% Rs. 15 lakhs Yes Yes
Bharti AXA Car Insurance 3742 64.27% Rs. 15 lakhs Yes Yes
Chola MS Car Insurance 4636 74.30% Rs. 15 lakhs Yes Yes
Digit Car Insurance N/A 74.91% Rs. 15 lakhs Yes Yes
Edelweiss Car Insurance 1268 93.38% Rs. 15 lakhs Yes Yes
Future Generali Car Insurance 3194 66.13% Rs. 15 lakhs Yes Yes
IFFCO Tokio Car Insurance 6757 84.04% Rs. 15 lakhs Yes Yes
Kotak Mahindra Car Insurance 2327 74.64% Rs. 15 lakhs Yes Yes
Liberty Car Insurance 4365 59.91% Rs. 15 lakhs Yes Yes
National Car Insurance 456 78.55% Rs. 15 lakhs Yes Yes
New India Assurance Car Insurance 456 78.20% Rs. 15 lakhs Yes Yes
Oriental Car Insurance 456 81.83% Rs. 15 lakhs Yes Yes
Raheja QBE Car Insurance 1000 100.51% Rs. 15 lakhs Yes Yes
Reliance Car Insurance 4779 76.89% Rs. 15 lakhs Yes Yes
Royal Sundaram Car Insurance 3868 87.89% Rs. 15 lakhs Yes Yes
SBI Car Insurance 2613 86.10% Rs. 15 lakhs Yes Yes
Shriram Car Insurance 2071 79.43% Rs. 15 lakhs Yes Yes
Tata AIG Car Insurance 1617 75.41% Rs. 15 lakhs Yes Yes
United India Car Insurance 456 96.45% Rs. 15 lakhs Yes Yes
Universal Sompo Car Insurance 1493 87.96% Rs. 15 lakhs Yes Yes

See More Plans
Disclaimer: *Policybazaar does not endorse, rate or recommend any detail insurance company or insurance product offered by an insurance company. The ICR has been taken from IRDAI Annual Report 2018-19 .

Key Points to Consider while Choosing the Best Car Insurance Policy in India:

While buying a top car indemnity policy, you must consider the following key points :

Compare the Key Features Provided by the Insurance Coverage:

Draw a comparison of your shortlist motor indemnity policies to analyze if they all are providing the lapp kind of policy coverage. Your policy plan should include all the identify inclusions in terms of a car ( such as own wrong traverse ) and provide you with coverage against a personal accident a well as for the injuries succumbed by a third base party .

Review Add-on Riders as the Part of the Best Car Insurance Policy in India:

It is always recommended to pay adequate attention to all the addition riders so that you can pick out the top cable car policy policy in India with extra benefits. For your convenience, we have listed below a few crucial motor policy riders .

Engine Cover:

It provides an extra layer of protection by safeguarding you against extra expenses incurred due to cable car locomotive price .

Third-Party Liability Coverage:

Third-party Liability coverage ensures the protection of the car owner against any fiscal liability that could be because of any bodily injury, death, and damage haunt cost of a third-party motor .

Roadside Assistance Cover:

In sheath you are stranded because of the engine failure or an accident or if your car ’ south run down is punctured, you are provided with the choice of availing wayside aid. It will enable you to call your insurance company and make a request to send a car automobile mechanic at your location .

Zero Depreciation Cover:

When you make a choice to add zero disparagement covering to your car insurance policy, the disparagement on substitute car parts is waived off by your indemnity company. It signifies that you are eligible for getting a higher total of claim .

Personal Accidental Cover:

personal accidental coverage ensures the fiscal protection to the vehicle owner against unexpected and unfortunate events that might induce physical trauma, or cause the accidental death, or the person might end up being a wholly disable permanently because of a road accident .

Consider Reviews of the Car Insurers:

Make certain you ask your offer family members and friends regarding their experiences with any specific drive insurance company. The feedback coming directly from your about and lamb ones may provide you better insights about how its customer support and claim procedure make. It will help you to make an inform choice .

Options for a Flexible Car Insurance Coverage:

While buying the clear car indemnity policy in India, a flexible coverage is constantly significant. As the consumer base is varied, there is no ‘ one-size-fits-all ’ kind of policy. You must choose a car indemnity policy depending on certain insurance needs. An indemnity provider, which offers the flexi-coverage facility, must be given precedence over early needs. This involves that if the policy provider offers a preexistent software that is bespoke as per your needs and requirements, you must take a positivist polarity into consideration .

Compare Insurance Premium Online:

The Internet is flooded with alleged capital deals. Don ’ t fall for them ; they could be nothing but a trap. You can come across a properly deal on-line when you take some time out of your feverish schedule and research across the Internet .
While comparing car indemnity policy on-line, keep the follow points in your judgment :

  • Compare various insurance policy offered by the different insurance providers.
  • Ensure that the comparison site computes the premium on the fixed IDV (Insured Declared Value).
  • Compare the insurance premium on at least 3 online insurance comparison sites.

Factors Affecting Your Car Insurance Premium

The factors determining the car indemnity bounty depend on the risks, which the insurance provider underwrites. These factors are categorised as under :

Risks Related to Car

The mannequin of your cable car, cubic capability, and fuel character etc. are a few parameters that determine the premium for your car policy. Some care such as commercial cars and SUVs, i.e. Sports Utility Vehicle, frequently require higher premiums as insurance providers get a big phone number of claims on these cars. normally, diesel cars have a 10-15 % higher premium than gasoline vehicles .

Risks Related to the Location

This is based on the registration area. by and large, the premiums are higher if the owner of the car lives in an urban area, densely populate area, or near highways. If larceny or passing of the fomite is higher in the area where you reside, then the car indemnity premiums go up .

Risks Related to Driver of the Car

The profession and age of the driver are taken into consideration. In the case of multiple drivers of the cable car, you have to pay higher premiums .

Negotiation is the Key

When it comes to buying motor insurance, negotiate with your existing insurance provider. You never know you might end up getting an extra advantage if you have been a creditworthy driver and have not made way excessively many claims or filed excessively many accidents .

Safeguard Your No Claim Bonus (NCB)

If you are a creditworthy driver, and you have n’t filed any claim, then you get the advantage of the No Claim Bonus ( NCB ). If you do n’t register any car policy title for a year, then your car insurance company rewards you with a No Claim Bonus. This is the discount that is subtracted from your indemnity premium during policy refilling. As an choice, you can go for NCB .

Check out the Claim Settlement Ratio (CSR)

Before you finalize a car insurance company, last but not the least, consider the insurance company ’ s former record of claim colonization. Claim Settlement Ratio is the time taken by an insurance company to settle down the claims from its clients. Proceed only when it is good. Don ’ t even think of buying the best car insurance policy in India if the CSR is not good. You can easily find the Claim Settlement Ratio of versatile insurers on the web site of IRDA of India .

How to Choose Best Car Insurance Company in India?

Choosing the best car insurance company is not a mammoth job. But you need to be mindful of the kind of protective covering you want for your car. With that, here are a few tips that will help you choose the acme car indemnity party in India. Take a expression :

  • Analysing Car Insurance Needs – Before you choose the top car insurance company, you need to analyze your car insurance needs. You must know the level of coverage you are looking for as well as any specific add-ons that you want to buy. You should also be clear about the Insured Declared Value (IDV) of your car that you wish to get. Moreover, you should also be aware of the maximum premium that you can afford to pay for the policy.
  • Authenticity of the Motor Insurance Company – Now that you know your car insurance needs, you need to find authentic motor insurance companies in the market. You can check the authenticity of a car insurance company by checking its IRDA Registration Number. IRDA is the regulatory authority for insurance companies in India and It grants registration numbers to only genuine insurance providers.
  • Financial Ability of the Company – Besides checking the authenticity of the car insurance company, you must also check its financial standing. This will help you to understand the financial stability of the company and determine how likely it is to pay you the claim amount in the need of the hour. You can determine the financial stability of the company by going through its annual financial records and checking its solvency ratio.
  • Claim Settlement Ratio – Before moving ahead, you must check the claim settlement ratio (CSR) and incurred claim ratio (ICR) of the car insurance company. The CSR refers to the total percentage of claims settled by the insurance company. On the other hand, ICR refers to the total percentage of premium utilised by the insurance company against the total amount of premiums collected. You should look for a company with a higher CSR and ICR as it depicts a lesser chance of your claims getting rejected by the insurer.
  • Claim Settlement Speed – Besides claim ratios, you should also determine the claim settlement speed of the car insurance company. You should go for a company with a faster claim settlement speed as it represents that the insurer will pay you the claim amount as soon as possible.
  • Cashless Garage Network – Next, you should find out about the network of cashless garages available with the car insurance company. Cashless garages are the approved garages of the insurance company where you can get your car repaired on a cashless basis. A company with a larger cashless garage network is better as it ensures that you have a higher probability of finding a cashless garage in your city or neighbourhood.
  • Customer Service – The customer service of the car insurance company should also be determined while choosing the best motor insurer. The customer service enables you to get an idea about how easily will you be able to get in touch with the insurer and seek help. You must choose a company that provides round the clock services to its customers as you can contact them 24×7.
  • Online Comparisons – Online comparisons is the best way to find a car insurance company that best fulfils your insurance needs. If you compare car insurance policy by different motor insurers online, you will be able to analyse their coverage level, premium rate as well as the benefits offered. The ideal insurance company will provide you with maximum coverage without making you pay an exceptionally high premium price.
  • Customer Reviews – It is always better to check the customer reviews of various motor insurance companies before choosing any one of them. Reviews by existing or previous customers will help you get an idea of the kind of insurance experience you are going to have with the company. You must choose a car insurance company that has more positive customer reviews than negative ones.

Types of Car Insurance Policies In India

In India, car owners can buy two types of car policy policies. They are :

Comprehensive Car Insurance

A comprehensive examination car policy policy provides complete protective covering to the see car. It protects the car from all kinds of unanticipated risks resulting from fuel, accidents, larceny, vandalism, natural disasters and manmade disasters. It besides covers any third-party accidental liabilities that the policyholder is legally bound to pay. furthermore, this type of insurance besides provides personal accident cover to the owner-driver of the see car .

Third Party Liability Car Insurance

A third-party indebtedness cable car indemnity policy protects against any third-party liabilities of the policyholder arising out of causing accidental bodily injuries, death or place damages to a third party. This type of policy does not cover any loss or damages suffered by the insured car or its driver .

Standalone Own Damage Car Insurance

A standalone own price car indemnity policy is provided by about all car policy companies. It provides coverage for only the own damages sustained by the guarantee car. It covers any personnel casualty or damages caused to the insured four-wheel due to uncontrollable events, such as burn, natural disasters, larceny, accidents and manmade calamities. This character of car indemnity plan is available entirely if the car owner already has a third-party car policy policy for the insured vehicle .
Car Insurance Renewal

Difference Between the Types of Car Insurance Policy in India

insurance companies largely offer three types of car insurance policy. Each plan provides different kind of coverage to the policyholder. Let us tell you the difference between the third-party indebtedness insurance, standalone own damage policy, comprehensive insurance and zero disparagement indemnity :

Coverage Third Party Liability Car Insurance Standalone Own Damage Car Insurance Comprehensive car Insurance Zero Depreciation Car Insurance
Third Party Property Damages Yes No Yes Yes
Third Party Vehicle Damages Yes No

Yes Yes
Bodily injuries/ disability/ death of the third party Yes No Yes Yes
Loss/ Damages to the insured car in an accident No Yes Yes Yes
Loss insured due to theft of the insured car No Yes Yes Yes
Loss/ Damages to the insured car in a natural calamity No Yes Yes Yes
Loss/ Damages to the insured car in a fire No Yes Yes Yes
Loss/ Damages to the insured car in a manmade calamity No Yes Yes Yes
Personal Accident Cover (if opted) Yes Yes Yes Yes
Mandatory by the law Yes No No No
Zero depreciation cover (if opted) No Yes Yes Yes
Other Add-on covers No Yes Yes Yes

Overview of Best Car Insurance Companies in India

here is a promptly summation of the top car indemnity companies that you can consider to secure your car :

Car Insurance Companies Features Add-ons
Bajaj Allianz Car indemnity
  • Online policy issuance and renewal
  • Zero depreciation cover available
  • 24×7 spot assistance available
  • Self-vehicle survey and instant claim settlement with Motor-On-The-Spot
  • Voluntary excess discount
  • Anti-theft device installation discount

 

  • Depreciation shield
  • Key & lock replacement
  • Engine protector
  • Personal baggage
  • Conveyance benefit
Bharti AXA Car indemnity
  • Quick policy purchase online
  • 24×7 claim assistance
  • Cashless claim settlement at network garages
  • Depreciation cover
  • Consumable cover
  • Roadside assistance
  • Key replacement cover
  • Engine & gearbox cover
  • Personal accident cover for co-passenger
  • Ambulance charges
  • Invoice price cover
  • Hospital cash
  • Medical expenses
Chola MS Car policy
  • No claim bonus
  • 24×7 assistance
  • Online policy renewal
  • Vintage car discount
  • Recognized automobile association membership discount
  • Anti-theft device installation discount
  • Specially designed/ modified vehicle discount
  • Voluntary deductible discount
  • On-site minor repair
  • Repairs in preferred workshop discount
  • Waiver of depreciation
  • Roadside emergency assistance
  • Replacement keys
  • Fixed daily allowance
  • Personal belongings cover
  • Reinstatement value
  • Conveyance allowance
  • Monthly installment cover
  • No claim bonus protection
  • Disabled vehicle coverage
  • Insurance cost cover
  • Registration certificate lost cover
  • Consumables cover
  • Franchise benefit
  • Auto extension of policy
  • License loss cover
  • Loss of key cover
  • EMI cover
  • Vehicle replacement advantage cover
  • Chola value-added services
Digit Car policy
  • Easy online policy issuance
  • No claim bonus
  • 24×7 support
  • Doorstep pickup and repairs
  • Cashless repairs
  • Smartphones-enabled self-inspection
  • Super-fast claims
  • Zero depreciation cover
  • Breakdown assistance
  • Passenger cover
  • Consumable cover
  • Return to invoice cover
  • Tyre protect cover
  • Engine and gear-box protection cover
edelweiss Car insurance
  • No Claim Bonus (NCB)
  • Priority service at cashless garages
  • Faster claim settlements
  • Depreciation protect
  • Roadside assistance
  • Engine protect
  • Consumable expenses protect
  • Mandatory deduction protect
  • Invoice value protect
  • NCB protect
  • Personal belongings protect
  • Keys and locks protect
Future Generali Car indemnity
  • No Claim bonus (NCB)
  • Priority service at cashless garage
  • Faster claim settlements
  • Depreciation protect
  • Roadside assistance
  • Engine protect
  • Consumable expenses protect
  • Mandatory deduction protect
  • Invoice value protect
  • NCB protect
  • Personal belongings protect
  • Keys and locks protect
IFFCO Tokio Car policy
  • 24×7 roadside assistance
  • No claim bonus
  • Cashless claims at network hospitals
  • Zero depreciation cover
  • Engine protection
  • No claim bonus protection
  • Roadside assistance
  • Return to invoice
Kotak Car policy
  • Cashless service at network garages
  • No claim bonus benefit
  • Recognised AAI membership discount
  • Voluntary deductible discount
  • Roadside assistance
  • Consumables cover
  • Depreciation cover
  • Engine protect
  • Tyre cover
  • Return to invoice
  • Daily car allowance
  • Loss of personal belongings
  • NCB protect
  • Key replacement
shore leave Car indemnity
  • Transfer of no claim bonus from the existing insurer
  • Cashless claim services at network garages
  • Telephonic assistance
  • Claim settlement within 7 days
  • Renewal discounts
  • Depreciation cover
  • Gap value cover
  • Consumables cover
  • Roadside assistance cover
  • Key loss cover
  • Passenger assistance cover
  • Engine safe cover
National Car indemnity
  • Towing assistance
  • No claim discounts
  • Quick renewals
  • Nil depreciation
  • Invoice protect
  • Nil depreciation plus
  • NCB protect
  • Engine protect
New India Assurance Car indemnity
  • No claims discount
  • Towing assistance available
  • Cashless claims at approved garages
  • Loss of accessories
  • Personal accident cover for passengers and paid drivers
  • Legal liability to employees
oriental Car indemnity
  • Anti-theft device discount
  • Voluntary deductible discount
  • No Claim Bonus (NCB)
  • Automobile Association Membership discount
  • Online policy renewal
  • Nil depreciation cover
  • Alternate car benefit
  • Loss of personal effects
  • Free emergency service benefit
Raheja Car indemnity
  • No Claim Bonus
  • Higher voluntary excess discount
  • Automobile association membership discount
  • Approved anti-theft devices discount
  • Zero depreciation
  • Consumable expenses
  • Engine protector
  • Key protect cover
  • Daily conveyance benefit
  • Return to invoice
  • Loss of personal belongings
  • NCB retention cover
  • Tyre and rim protector
reliance car policy
  • No claim bonus
  • Voluntary deductible discount
  • Automobile Association of India membership discount
  • Security device installation discount
  • Instant renewal sans paperwork
  • Nil depreciation
  • Consumables cover
  • NCB retention cover
  • Engine protector cover
  • Daily allowance benefit
  • Key protect cover
  • EMI protection
Royal Sundaram Car insurance
  • Free roadside assistance
  • Automobile association of India membership discount
  • Voluntary deductible discount
  • Full invoice price cover
  • No Claim Bonus (NCB) protector
  • Tyre cover
  • Key protector
  • Depreciation waiver cover
  • Loss of baggage cover
  • Windshield glass cover
  • Spare car clause
  • Voluntary deductible cover
  • Engine (Aggravation) protector cover
  • Lifetime road tax clause
SBI Car indemnity
  • No claim bonus
  • Voluntary excess discount
  • Faster claim settlement process
  • Return to invoice
  • Engine guard
  • Depreciation reimbursement
  • Roadside assistance
  • Key replacement
  • Consumables cover
  • Loss of belongings
  • NCB protection
  • Inconvenience allowance
  • Hospital daily cash cover
  • Tyre and rim guard
  • EMI protector
Shri Ram Car insurance
  • Instant policy issuance
  • Roadside assistance
  • Cashless repair
  • No claim bonus
  • Voluntary deductible discount
  • Anti-theft device discount
  • Automobile association discount
  • Zero depreciation cover
  • Return to invoice
  • Daily reimbursement
  • Personal belongings cover
  • Key replacement
  • NCB protection cover
  • Emergency transportation and hotel expenses reimbursement
  • Multi-car rebate
Tata AIG Car indemnity
  • No Claim Bonus (NCB) Protection available
  • Emergency roadside assistance
  • Recognized automobile association membership discount
  • Anti-theft device installation discount
  • Modified/ specially designed vehicle discount
  • Depreciation reimbursement
  • Courtesy/ hire car
  • Daily allowance
  • Return to invoice
  • Repair of glass, plastic, fibre and rubber parts
  • NCB protection cover
  • Loss of personal belongings
  • Key replacement
  • Emergency transport and hotel expenses
  • Engine secure
  • Consumable expenses
  • Tyre secure
  • Roadside assistance
United India Car insurance
  • Vintage car discount
  • Automobile Association membership discount
  • No claim bonus
  • Anti-theft devices discount
  • Specially designed/ modified vehicle discount
  • Courtesy car
  • Medical expenses
Universal Sompo Car policy
  • No Claim Bonus
  • Anti-theft device installation discount
  • Voluntary excess discount
  • Specially designed/ modified vehicle discount
  • Nil depreciation cover
  • Daily cash allowance
  • Return to invoice
  • Accidental hospitalization clause
  • Roadside assistance
  • Key replacement
  • Cost of consumables
  • Hydrostatic lock cover
  • Secure towing
  • NCB protector
  • Engine protector

disclaimer : *Policybazaar does not endorse, pace or recommend any particular insurance company or policy merchandise offered by an insurance company .
Bottom-line
While purchasing a car indemnity policy it is authoritative to check the policy features, the numeral of net garages offering cashless animate, addition cover along with the receive claim proportion of the company. You can select from any of the above-mentioned car policy companies and choose the best centrifugal policy in India that offers you maximum coverage benefits at a nominal agio .

Find similar car insurance quotes by body type

Hatchback

Sedan

SUV

MUV

Leave a Reply

Your email address will not be published. Required fields are marked *

%d bloggers like this: