Which are the Top 5 Car Insurance Companies in India 2020?

Choosing the best car insurance can be overwhelming: When it comes to buying car insurance, people are confused and sometimes buy the one who needs their insurance least.

It is always a good idea to familiarize yourself with the various car insurance plans available on the market, comparing those that you believe are serving your purpose and choosing the one that best suits your insurance needs.

To make your job easier, here are the top 5 car insurance companies for the year 2020:

1. New India Assurance Car Insurance

Top 5 Best Car Insurance Companies in India 2020 New India Assurance

New India Insurance is a multinational general insurance company which is operating in 28 countries, headquartered in Mumbai.

They are one of the oldest general insurance companies in India and have been active for more than 40 years.

They have a large customer base and work with 2,452 offices, including 1,339 micro-offices throughout India. They have 17,702 employees dedicated to providing the best insurance solutions to the public.

The company has more than 230 insurance products under its roof. The car insurance offered by the company is simple and covers all general aspects of motor insurance.

Read More: New India Assurance Car Insurance Company

Features of New India Assurance Car Insurance:

  • Nil Depreciation Cover.
  • Inclusion of Road Tax Cover.
  • Return to Invoice.
  • No Claim Bonus Protection Cover.
  • Engine Protect Cover.
  • Additional Towing Charges.
  • Loss of Content Cover.

Do You Know What is BALIC Care?

2. United India Car Insurance

Top 5 Best Car Insurance Companies in India 2020 United India

United India Insurance commenced operations in India in February 1938.

The company has a stronghold in India with over 1300 offices across the country offering quality assurance solutions. They have a large workforce of 18,300 employees.

They are one of the most trusted insurance companies with a customer base of 1 Crore insured in India. They also have micro-offices in more than 200 villages and towns of levels II and III, which also serve the rural population.

Features of United India Car Insurance:

  • The United India Insurance Company was founded in 1938.
  • Claim Settlement Ratio – 91.72%.
  • Direct cashless processing of network garage loans all over the country.
  • Protection for personal injury, third party liability, and personal injury.

Read More: United India Car Insurance Company

3. HDFC ERGO Car Insurance

Top 5 Best Car Insurance Companies in India 2020 HDFC Ergo

HDFC ERGO is a car insurance company is a joint venture between ERGO International AG and HDFC Ltd.

The company has a growing network with 108 offices in 91 Indian cities. They have a base of 2,000 employees offering the best plans and insurance to the public.

In addition to the sales team, there are retailers, executives and brokers who make the company’s services available to the public. They have launched a mobile application that enables faster communication and facilitates communication with the public.

Features of HDFC ERGO Car Insurance:

  • Age and also profession discount
  • No documentation.
  • Fast claim settlement process.
  • Cashless settlement at 1600+ network garages in India.
  • Dedicated 24/7 customer support team.

Get to know: Benefits Of Term Insurance

Know more about HDFC ERGO Car Insurance

4. Tata AIG Car Insurance

Top 5 Best Car Insurance Companies in India 2020 TATA AIG

Tata AIG car Insurance was founded in 2011. As a relatively young company, TATA AIG has already managed to capture a large portion of the auto insurance market through its robust distribution channels and trouble-free insurance claims.

Last year, the brand was recognized as the best employer and provider of mobile insurance applications with award-winning prizes.

Features of Tata AIG Car Insurance:

  • Loss or damage of vehicle against natural calamities.
  • Loss or damage of vehicle against man-made calamities.
  • Third-Party Legal Liability.
  • Personal Accident Cover also.

Read More: Tata AIG Car Insurance Company

5. Shriram Car Insurance

Top 5 Best Car Insurance Companies in India 2020 SHRIRAM General Insurance

Shriram General Insurance offers comprehensive car insurance policy for all-round protection and security against all the possible damages against both external and internal factors.

Features of Shriram Car Insurance :

  • Loss or damage to your vehicle due to the natural and man-made calamities.
  • Third-Party Liability – You will get unlimited coverage whatever the court awards as your liability to the “Third Party” will be met with by Shriram General Insurance Company Ltd.
  • Third-Party Property Liability – Shriram Car Insurance Policy will offer to compensate up to Rs. 7,50,000/-.

Claim process explained:

These are the Top 5 Car Insurance Companies in India 2020. I hope Our analysis will help to take your wise decision.

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