Best Car Insurance in India

Car insurance allows you to alleviate financial liabilities that might result from an adverse incident involving your vehicle, such as a road accident, crash, robbery, natural calamities, etc. As per the Indian Motor Tariff, in order to be able to drive their car/vehicle on Indian roads, every car owner is legally required to have at least a third party automobile insurance policy. In India, there are currently 25 insurance companies that sell automobile insurance.

Best Car Insurance Companies

Car insurance helps you alleviate financial liabilities that could occur as a result of an adverse accident involving your car, such as a road collision, fire, robbery, natural disasters, etc. As per the Indian Motor Tariff, to be able to drive their car legally on Indian roads, every car/vehicle owner is legally required to have at least a third party car insurance policy.

In India, there are currently 25 general insurance firms that sell automobile insurance policies.

Top Car Insurance Companies with OD Claim Settlement Ratio & Network Garages:

Find the best auto insurance firms with claim settlement ratio (CSR) & network garages in India below.

Car Insurance CompanyOD Claim Settlement RatioNetwork Garages
Bajaj Allianz Car Insurance91.23%4,000+
Bharti AXA Car Insurance88.49%5,200+
Chola MS Car Insurance85.86%7,100+
Edelweiss Car Insurance70.59%1,000+
Future Generali Car Insurance88.56%2,500+
Digit Car Insurance85.76%1,400+
HDFC ERGO Car Insurance89.48%6,800+
Kotak Car Insurance81.70%1,300+
Liberty Car Insurance87.48%4,300+
National Car Insurance80.50%3,100+

Overview Car Insurance Companies In India

Here is a short summary of the top car insurance firms you should consider in order to safeguard your car:

#1. Bajaj Allianz Car Insurance

General Insurance Co. of Bajaj Allianz. Ltd is one of the leading car insurance firms that was awarded by Money Today in 2020 as the best auto insurance. It includes extensive insurance plans for vehicles as well as liability-only policies. The plans are affordable, customizable and can be adapted according to the distance or day.

Bajaj Allianz Auto Insurance offers coverage for legal liability of third parties as well as for any loss or harm caused to your vehicle due to natural/man-made calamities or theft. It also comes with an owner-driver personal accident (PA) insurance of Rs 15 lakh. You may also apply for coverage of CNG kits, NCB discount, accessories cover and co-passenger/paid driver PA cover.

FeaturesAdd-On Covers
  • Online policy issuance and renewal
  • Zero depreciation cover available
  • 24×7 spot assistance available
  • Voluntary excess discount
  • Anti-theft device installation discount
  • Approved automobile association membership discounts
  • Depreciation shield
  • Key & lock replacement
  • Engine protector
  • Personal baggage
  • Conveyance benefit
  • Consumable expenses

#2. Bharti AXA Car Insurance

General Insurance Co. of Bharti AXA. Ltd. is a prominent provider of car insurance in India. It offers compensation for damage caused to your vehicle due to theft, injuries, natural disasters and disasters caused by man. It also protects third-party liabilities in addition to these and provides the owner-driver with personal accident cover of Rs 15 lakh.

Three kinds of car insurance policies are offered by Bharti AXA car insurance:

  • Comprehensive car insurance
  • Third-party liability plan
  • Standalone damage plan

Bharti AXA Car Insurance has one of the largest networks of cashless garages in India. It also offers you the option to select coverage on the payment of the extra premium sum for legal liabilities for paid cleaners/drivers and loss or harm to accessories.

FeaturesAdd-On Covers
  • 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

#3. Chola MS Car Insurance

Chola MS Insurance General Co. Ltd. is a well-known provider of car insurance in our region. Its auto insurance policy protects against personal liability from third parties and harm to property from third parties. It also covers own harm due to natural/manmade calamities or theft and offers owner-driver personal accident protection for up to Rs 15 lakh. Three kinds of car insurance policies are provided in India.

  • Third party car insurance
  • Zero depreciation car insurance
  • Comprehensive car insurance

Chola MS Car Insurance has the biggest cashless garage network in India. Towing expenses of up to Rs 3000 would be reimbursed. It also allows passengers to apply for personal accident insurance for up to Rs 2 lakh.

FeaturesAdd-On Covers
  • 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 instalment 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

#4. Digit Car Insurance

Digit Car Insurance is a leading start-up insurance firm providing an insured car with comprehensive cover. This includes all losses/damages caused to your vehicle due to accidents, fire, robbery, natural disasters, along with losses from third parties. It also provides the owner-driver with personal accident protection. Digit auto insurance provides you with two kinds of car insurance policies to choose from-

  • Third-party car insurance
  • Comprehensive car insurance cover
FeaturesAdd-On Covers
  • 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

#5. Edelweiss Car Insurance

Another private insurer in India that offers auto insurance solutions is Edelweiss Automobile Insurance. It protects liability of third parties as well as any loss/damage to your car caused. It also provides the owner-driver with personal accident cover of Rs 15 lakh. You can purchase two kinds of automobile insurance policies from Edelweiss-

  • Private car package insurance
  • Private car liability only insurance

By opting for personal injury protection for passengers and civil liability cover for paying drivers, Edelweiss auto insurance gives you the opportunity to expand your coverage.

FeaturesAdd-On Covers
  • 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

#6. Future Generali Car Insurance

Generali India Insurance Co. of the Future Ltd. is a prominent Indian automobile insurance company. This gives comprehensive compensation to the owner-driver for third party liabilities and vehicle damage along with personal accident insurance of Rs 15 lakh. You may also choose to cover extra legal obligations for paying drivers, cleaners or additional insurance fees for passengers.

Future Generali Auto Insurance also helps you to pick passengers’ personal accident cover for up to Rs 2 lakh.

FeaturesAdd-On Covers
  • 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

#7. HDFC ERGO Car Insurance

ERGO General Insurance Co. of HDFC. Ltd. is among India’s best-notch auto insurance firms. The car insurance policy includes third-party liability as well as loss/damage in collisions, robbery, fire & explosion, natural disasters and theft caused to your vehicle. Besides, it also provides the owner-driver with personal accident protection. It provides the vehicle with three kinds of insurance policies.

  • Third-party liability plan
  • Comprehensive car insurance plan
  • Standalone car insurance plan

One of the biggest networks of garages has HDFC ERGO Auto Insurance. The engine policy also reimburses up to Rs 1500 for towing costs.

FeaturesAdd-On Covers
  • No claim bonus
  • Cashless claims at network garages
  • Overnight car repair services
  • Claims approval within 30 minutes
  • Unlimited claims facility
  • Zero depreciation cover
  • No claim bonus protection
  • Emergency assistance cover
  • Return to invoice
  • Key replacement cover
  • Engine and gearbox protector
  • Loss of use – downtime protection
  • Cost of consumable items

#8. Kotak Mahindra Car Insurance

Kotak Mahindra Insurance General Co. Ltd. is among India’s most common providers of car insurance. With its robust private car insurance scheme, it gives your car all-round protection. Along with third-party civil liability, bi-fuel systems and electrical/non-electrical accessories, it offers compensation for failure or harm to your vehicle due to natural or manmade calamities.

FeaturesAdd-On Covers
  • 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

#9. Liberty Car Insurance

Another auto insurance provider that you should consider is Liberty Car Insurance to buy insurance for your car. It provides the insured vehicle with accidental protection, third party cover, own harm cover against robbery, natural/man made calamities and personal accident cover. It offers two forms of insurance policies for cars:

  • Package policy
  • Liability only policy
FeaturesAdd-On Covers
  • Shift from the current insurer with no claim bonus
  • 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

#10. National Car Insurance

Nationwide Insurance Co. Ltd. is one of India’s leading providers of auto insurance. It offers insurance against liabilities of third parties, loss/damage to the vehicle due to natural disasters, robbery and disasters caused by man. It also requires towing fees of up to Rs 1500. At National Auto Insurance, there are two kinds of car insurance policies for you to choose from.

  • Annual liability-only policy
  • Annual package policy

In India, National Car Insurance has the highest claim ratios among car insurers.

FeaturesAdd-On Covers
  • Towing assistance
  • No claim discounts
  • Quick renewals
  • Nil depreciation
  • Invoice protect
  • Nil depreciation plus
  • NCB protect
  • Engine protect