best-car-insurance

Best Car Insurance Companies in india

A Car Insurance Policy protects your offers coverage to your cars against accidents, theft, natural, and man-made calamities. Having a Car Insurance is mandatory according to to Motor Vehicle Act 1988. At present, there are multiple companies offering car insurance policies in India. Each has their own set of features and benefits. Being the benefactor, you can choose the one that fits your needs and requirements.

Top Car Insurance Plans

Several good plans are available at a cost that will enhance your day.

Comprehensive plan Third party plan
bajaj-insurance

Bajaj Allianz

  • Starting at - ₹ 4100/-
  • 70% discount
  • PA Cover - ₹ 15 Lakh
Get quotes

go-digit-general-insurance

Go Digit

  • Starting at - ₹ 4500/-
  • 70% discount
  • PA Cover - ₹ 15 Lakh
Get quotes

liberty-ins

Liberty

  • Starting at - ₹ 4700/-
  • 70% discount
  • PA Cover - ₹ 15 Lakh
Get quotes

magma-hdi-insurance

Magma HDI

  • Starting at - ₹ 4500/-
  • 70% discount
  • PA Cover - ₹ 15 Lakh
Get quotes

new-india-assurance-insurance

New India Assurance

  • Starting at - ₹ 4000/-
  • 70% discount
  • PA Cover - ₹ 15 Lakh
Get quotes

oriental-insurance

Oriental

  • Starting at - ₹ 4000/-
  • 70% discount
  • PA Cover - ₹ 15 Lakh
Get quotes

reliance-insurance

Reliance

  • Starting at - ₹ 3800/-
  • 70% discount
  • PA Cover - ₹ 15 Lakh
Get quotes

royal-sundaram-insurance

Royal Sundaram

  • Starting at - ₹ 3800/-
  • 70% discount
  • PA Cover - ₹ 15 Lakh
Get quotes

icici-insurance

ICICI Lombard

  • Starting at - ₹ 3800/-
  • 70% discount
  • PA Cover - ₹ 15 Lakh
Get quotes

bajaj-insurance

Bajaj Allianz

  • Starting at - ₹ 2471/-
  • 60% discount
  • PA Cover - ₹ 15 Lakh
Get quotes

digit-insurance-india

Go Digit

  • Starting at - ₹ 2471/-
  • 60% discount
  • PA Cover - ₹ 15 Lakh
Get quotes

liberty-general-insurance

Liberty

  • Starting at - ₹ 2471/-
  • 60% discount
  • PA Cover - ₹ 15 Lakh
Get quotes

magma-hdi-insurance

Magma HDI

  • Starting at - ₹ 2471/-
  • 60% discount
  • PA Cover - ₹ 15 Lakh
Get quotes

new-india-assurance-insurance

New India Assurance

  • Starting at - ₹ 2471/-
  • 60% discount
  • PA Cover - ₹ 15 Lakh
Get quotes

oriental-insurance

Oriental

  • Starting at - ₹ 2471/-
  • 60% discount
  • PA Cover - ₹ 15 Lakh
Get quotes

reliance-insurance

Reliance

  • Starting at - ₹ 2471/-
  • 60% discount
  • PA Cover - ₹ 15 Lakh
Get quotes

royal-sundaram-insurance

Royal Sundaram

  • Starting at - ₹ 2471/-
  • 60% discount
  • PA Cover - ₹ 15 Lakh
Get quotes

icici-insurance

SBI

  • Starting at - ₹ 2471/-
  • 60% discount
  • PA Cover - ₹ 15 Lakh
Get quotes

Top Car Insurance Companies

Bike Insurance Company

Network Garages

Claim Settlement Ratio

United India Insurance

3100+

91.20%

Reliance General Insurance

8700+

98%

Bajaj Allianz

4500+

98%

Royal Sundaram

3300+

98.6%

ICICI Lombard

5100+

93.4%

Oriental  Insurance

3100+

91.76%

SBI General  Insuranace

6697+

98%

Magma HDI

4000+

97.1%

Go Digit

5800+

96%

Liberty General Insurance

3800+

98%

How to select the Best Car Insurance Policy?

There are a bevy of options when it comes to Car Insurance Policies in this country. However, the requirement of policy coverage varies between people. It is the reason as to why we recommend analyzing your requirements first place before going for purchase. Parameters such as network garages nearer to your location, the Insurer’s Claim Settlement Ratio, Premium among other things, must be factored in so that you get a clear idea about the Insurer. Mentioned below are certain parameters which would help you pick the best Insurance Policy in the market,

  • Analyze your Insurance Needs

Before buying an Insurance policy for your cars, you must first analyze your insurance needs. You should know the amount of coverage you would require (comprehensive or third-party) and also the add-ons you would require. Most importantly, you should also have an idea about the premium and check if it is affordable by you

  • Network Garages 

Network garages are workshops in tie-up with the Insurance Company through which you can get your car damages repaired on a cashless basis. Always choose a company that has maximum number of cashless garages spread across multiple locations, as it would help you even if you encounter accident during a travel

  • Claim  Settlement Ratio

Claim Settlement Ratio abbreviated as CSR is the percentage of claims settled by the insurer out of the total claims received in one financial year. CSR is one of the major factors that determine the reputation and trustworthiness of the insurer. Pick the insurer with the highest CSR. 

  • Riders

Riders or add-ons are additional packages that you can add to your comprehensive policy for additional protection. Riders go a long way in providing complete coverage to your cars. Zero depreciation cover, Protection of NCB, Roadside Assistance, Engine Protection Cover are some of the most sought after Car Insurance add-ons. 

  • Financial Records

Checking the financial records is one of the best ways to know if the company would settle claims properly. You can go through the annual financial reports and check its solvency ratio so that you would get a better idea

  • Customer Service

The reputation of an Insurance company depends largely on how good their customer service is. Buyers expect immediate attention from the service team to address their queries. It is always better to check the customer reviews of the concerned company in web portals before finalizing the purchase.

How to Buy the Best Car Insurance Policy at Fincover?

It is important to compare the policy quotes from multiple insurance providers before purchasing. Comparing would help you know the features and benefits of various plans, that way you can narrow down to the one that fits your needs perfectly. Fincover is the one-stop platform to compare insurance policies from multiple insurers. Follow the below-mentioned steps to pick the Best Car Insurance Policy,

  • Visit Fincover.com and click on Car Insurance 
  • Enter your RTO, Car Details, and Registration Details
  • Find the quotes from multiple insurer
  • Click on details to know more about the plan
  • Compare and choose the plan that fits your needs. You can also select the add-ons that  you would require during this stage
  • Pay the premium and receive the policy documents instantly on your registered email.

FAQ

You can learn more from our asked questions
The needs and requirements of individuals play a significant role in identifying the best Car insurance provider. However, the most important parameter should be the Claim Settlement ratio of the company. Select the one with High CSR. Besides, you can also you a Car Insurance Premium Calculator to estimate the premium for different insurance companies.
The premium for your Car insurance depends on a variety of factors like IDV of your car, Driving record of the car owner, Make and Model of your car, the coverage and add-ons you’ve opted etc. Hence, the premium for your Car insurance depends on these factors.
Yes, IRDAI allows Insurance portability through which you can switch to a different insurance provider. You can do that at the time of your Car Insurance renewal
You will be fined Rs. 2000 for driving a bike without a valid insurance policy for the first offence and Rs. 4000 for the second offence. .
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