Top 5 Car Insurance Companies in India for 2018

Posted by Bhargav Baweja on October 1st, 2018

In India, every car owner has to buy car insurance, with at least third-party cover, as it’s mandatory under the Indian Motor Vehicle Act. If you’re looking for a new car insurance policy or renewing your existing policy, you have the luck. Here, in this guide, we give you a list of top 5 car insurers in India. This will simplify your search for the best auto insurance policy.

Let’s get started. In no particular order, here is the list of the top 5 car insurance providers for 2018:

1. HDFC ERGO General Insurance Company

The HDFC ERGO General Insurance Company is the result of the partnership of HDFC Ltd, one of India’s premier Housing Finance Companies and ERGO International AG. HDFC Ergo offers a wide range of insurance policies from health insurance, travel insurance to car insurance.

When it comes to motor insurance, you can choose from four-wheeler insurance, two-wheeler insurance, commercial vehicles insurance, liability-only policies and more.

Some of the benefits of insuring your vehicle with HDFC ERGO include – Cashless claim benefits at over 3400 authorized garages across the country, online insurance policy purchase, 24-hour claim settlement, transparent and simplified claims process, and excellent customer support.

2. The New India Assurance Co. Ltd.

The New India Assurance Company is a well-established and reputed multinational company with its presence in over 28 countries and with its headquarters in Mumbai. One of the oldest insurance companies in the country, the New India Company has been in the business for over four decades.

Today, the company has a large clientele pan India and caters to the needs of clients with over 2400 offices and 1300+ micro-offices across the nation. With over 17,000 employees, the New India Assurance Co offers excellent customer support to all customers.

With over 230 insurance products, you can find the right insurance policy that suits your needs. One of the biggest advantages of the New India Assurance Co is that all policies are straightforward and provide you with the comprehensive coverage.

3. Bajaj Allianz GIC Ltd

This is a joint venture between Allianz SE and Bajaj Finserv Ltd. With over 200+ offices across the country, Bajaj Allianz has been providing clients with its services since 2001.

Bajaj Allianz has one of the largest customer bases in the insurance industry. The firm takes great pride in its commitment to providing customers with the best value.

Here are the top benefits of opting for car insurance from Bajaj Allianz: extensive cashless insurance claim at 4000+ garages, 24 x 7 roadside assistance, technical features like DriveSmart Telematics, 50% NCB when you transfer your insurance policy from other companies, zero depreciation cover and more.

4. Bharti AXA General Insurance

Bharti AXA car insurance is one of the most popular car insurance companies in India, with over 79 offices located pan India. The company has issued over 9.8 million insurance policies till date and settled over 1.3 million claims as of 2017.

It’s a joint venture of Bharti Enterprises and AXA and commenced operations in 2008. The company offers comprehensive insurance policies across various sectors like – home, health, and motor. Some of the key benefits of Bharti AXA auto insurance policies are: 24 x 7 claims assistance, an extensive cashless facility at 2500+ garages, depreciation cover, No claim bonus protector, transparent and speedy claim settlements.

4. TATA AIG -General Insurance Company Ltd

The two big conglomerates, Tata Group and AIG (American International Group) came together in 2000 to launch the Tata AIG General Insurance Company. The firm offers various services like travel, health, and motor insurance.

One of the biggest advantages of car insurance from Tata AIG is the enhanced protection it offers like Cashless claim settlements, direct claims at garages, extensive add-ons, and more. The company offers over 12 customized add-on covers for vehicle owners.

Choose from any of these leading insurance companies and keep your dream car protected!

Like it? Share it!


Bhargav Baweja

About the Author

Bhargav Baweja
Joined: July 7th, 2017
Articles Posted: 9

More by this author