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Car Insurance 1105 views April 1, 2021
Car Insurance can protect your car and your finances in case of an accident, natural calamities, theft, etc. And there are many car insurance companies in India from which you can get a cover for your four-wheeler. But which is the best car insurance company in India? There may not be a definite answer to it, but you can compare different companies based on certain parameters to find the best one for yourself. Go for a car insurance company having an extensive network of garages where you can get your vehicle repaired for free in case of accidents, third-party liability cover, high claim settlement ratio, etc. Keeping that in mind, we have listed out the best car insurance companies in India. So read about them and see which one suits you the best.
Table of Contents
A Claim Settlement Ratio is the first thing that comes to one’s mind when comparing the best car insurance companies in India. This ratio denotes the number of claims settled in a financial year against the total number of claims received in that year. The higher the claim settlement ratio, the higher will be the number of successful claims. So, if you choose a car insurer with a high claim settlement ratio, you have greater chances of getting a successful claim.
Apart from the claim settlement ratio, you should also check the availability of cashless garages tied-up with a particular car insurance company. You can avail of the cashless repair for your car at these network garages.
In the below table, you can check the claim settlement ratio and the number of cashless garages of top car insurance companies in India.
Car Insurance Companies | Claim Settlement Ratio ( FY 2019-20) | Cashless Network Garages |
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HDFC ERGO | 91.23% | 7,700+ |
Bajaj Allianz | 98.00% | 6,000+ |
Bharti AXA | 94.06% | 5,200+ |
ICICI Lombard | 87.71% | 4,300+ |
IFFCO Tokio | 92.65% | 4,300+ |
Royal Sundaram | 92.66% | 4,600+ |
TATA AIG | 98.00% | 7,500+ |
Future Generali | 88.69% | 2,500+ |
Universal Sompo | 90.78% | 3,500+ |
Edelweiss Car Insurance | 84.52% | 1,500+ |
Now that you have the necessary information about the claim settlement ratio and cashless network garages, you should also know the features and add-on covers provided by the best car insurance companies in India. We are showing the same in the below table. Please check!
Car Insurance Companies | Striking Features | Add-on Covers |
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HDFC ERGO |
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Bajaj Allianz |
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Bharti AXA |
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ICICI Lombard |
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IFFCO Tokio |
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Royal Sundaram |
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TATA AIG |
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Future Generali |
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Universal Sompo |
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Edelweiss Car Insurance |
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