Best Car Insurance Companies in India - Top Insurance Companies (2024)

With online facilities, comparing and buying car insurance policies has become easy and convenient. But choosing the right car insurance policy from several options available in the market can get confusing. Selecting the right coverage can help you stay secure from unforeseen circ*mstances and mitigate financial losses.

Top car insurance policies in India 2024

Here are the top car insurers in India, offering some of the best car insurance policies with easy claim processes and high claim settlement ratios.

ACKO Car Insurance

With zero commissions and paperless claims, ACKO stands as one of the best car insurance in India. ACKO offers one of the best car insurance policies that are innovative and affordable. You get coverage for both own damages and third-party liabilities. It also offers personal accident cover.

You can customise the policies as per your requirements. ACKO Car Insurance has a quick and efficient claims process. It also boasts a high claim settlement ratio.

You can buy ACKO Car Insurance at Bajaj Finance Insurance Mall. Premiums start from Rs. 2,762*.

SBI Car Insurance

SBI Car Insurance offers extensive coverage for both third-party liabilities and damage to your car. It also provides personal accident cover to the owner-driver. You also get No Claim Bonus for having claim-free years. You can avail of add-ons such as zero depreciation insurance, engine protection cover, and return to invoice cover. These features make it one of the best car insurance plans in India.

It has recorded of 98% claim settlement ratio in the FY 2022-23. SBI has a strong technical team across 106 cities in India. You can use SBI mobile app or WhatsApp to make claim intimations, track insurance status, submit documents and more.Avail cashless services at 6,000+ network garages.

Buy theSBI Car Insurance plan at Bajaj Finance Insurance Mall, premium starting at Rs. 3,043*.

Bajaj Allianz Car Insurance

Bajaj Allianz Car Insurance offers comprehensive coverage against third-party liabilities and own damage. It also offers several add-ons, such as zero depreciation cover, key and lock replacement cover, consumable expenses, personal baggage cover and more. Moreover, you get 24x7 spot assistance, ensuring you never get stranded on road.

Bajaj Allianz is the best insurance company for car and has 98% claim settlement ratio, offering hassle-free claim process. You can get cashless services at 6,500+ network garages across India.

Buy the Bajaj Allianz Car Insurance policy at Bajaj Finance Insurance Mall at premium starting from Rs. 3,031*.

HDFC ERGO Car Insurance

HDFC ERGO Car Insurance is one of the best car insurance policies in India, designed to cater every individual requirement. It offers wide coverage for your vehicles. You get comprehensive coverage for damages caused to your own vehicle and third party car insurance. It also provides add-ons such as zero depreciation, engine protect, and roadside assistance. You get compensation for transportation while your car gets repaired at the garage.

HDFC ERGO has a user-friendly website with a simple documentation and claims process. The company also has maintained a high claim settlement ratio, along with cashless services at 6,700+ garages across India.

Buy the HDFC ERGO Car Insurance at Bajaj Finance Insurance Mall, premium starting at Rs. 2,054*.

ICICI Lombard Car Insurance

ICICI Lombard Car Insurance is one of the best car insurance companies and most trusted in India. The policies they offer include comprehensive coverage, third-party insurance, personal accident cover, and own-damage cover. ICICI Lombard Car Insurance comes with add-ons like zero depreciation, engine protect covers, EMI protection cover, NCB retention, and multi-car discounts. They have a user-friendly website and an efficient claims settlement process, with a high claim settlement ratio.

Buy the ICICI Lombard Car Insurance plan at Bajaj Finance Insurance Mall at third-party premiums starting from Rs. 2,094*.

Tata AIG Car Insurance

TATA AIG car insurance policy offers complete coverage for your car at affordable premiums. It has over 6,500+ network garages across India, where you can get your car repaired without having to pay for the charges. TATA AIG Car Insurancepolicy offers up to Rs. 15 lakh to the insured owner-driver in case of accidental injuries, disabilities, or death. Also, get third-party liability cover and other add-on benefits with this policy.