Best Car Insurance with Engine Cover
Purchase of a car is often an exciting moment in one's life. And thus ensuring its safety and well being is important. Also, any mishap involving your car can result in financial liabilities. The best way you can ensure the safety of your car along with safeguarding yourself against such financial liabilities is by getting a suitable car insurance policy A car insurance policy is like a parachute that keeps the policyholders protected during times of unfortunate events.
Engine Protection Cover in Car Insurance
The engine of a car plays a similar role is like a heart in the human body. It is the most important as well as the expensive part of your car. Therefore, it is important to keep it protected even in extreme conditions. Once it gets damage, repairing it will involve predominant material cost as well as labour charges.
An Engine Protection Cover can protect you from such repairing expenses. This protection comes as a car insurance add-on. It can be opted with either a comprehensive insurance policy or a standalone own-damage car insurance plan.
Top 7 Car Insurance Companies Providing Engine Cover As Per Own Damage Claim Settlement Ratio
OD Claim Settlement Ratio as per FY 2017-18
(Source: IBAI’s General Insurance Claim Insights Handbook For Policyholders - 3rd Edition)
According to the own damage claim settlement ratio of FY 2017-18, these 7 car insurance companies are among the best ones for buying an engine protection cover.
1. IFFCO Tokio Car Insurance
HighlightsEnjoy seamless free service at 4300+ garagesCheck in your CityAvail perks of zero dep without any limits1,00,000+ happy customers and countingRenew your car insurance policy in minutes95.30% Claim settlement ratio
IFFCO Tokio General Insurance CompanyRead More
IFFCO Tokio General Insurance Company is one of the leading private insurance companies in India. It has been able to maintain an excellent reputation in the market by creating a wide base of satisfied customers. The OD claim settlement ratio of IFFCO Tokio in FY18 stood at 96.52%.
Iffco Tokio Car Insurance User Reviews
A supportive team like family
The InsuranceDekho family provided me with strong support as...Read More
2. Royal Sundaram Car Insurance
Highlights3300+ Avail prompt services at authorized cashless garagesCheck in your City4 working hours Claim Survey is done92.66% Recorded claim settlement ratioRound the clock assistance and emergency services provided
Royal Sundaram General Insurance CoRead More
Royal Sundaram General Insurance Co. Ltd believes in providing brilliant services to its customers. It has an OD claim settlement ratio of 94.96%. .The Royal Sundaram engine protection add-on provides damage cover for gearbox, Hydrostatic lock, lubricant oil leakage and water ingression.
Royal Sundaram Car Insurance User Reviews
Sit back and Relax
After payment, I was able to sit back and relax. The portal ...Read More
3. New India Car Insurance
HighlightsOnly direct insurer in India to be rated A-(Excellent) by AM BEST Company since 2007Check in your CityPan India operation with 2452 officesPioneer in the non-life insurance segment for more than 40 yearsRound the clock support
New India Assurance CompanyRead More
The New India engine protection cover safeguards the engine of the insured’s car. The company compensates for all the damages made on the engine of the car. It provides engine protection cover to the cars with an age of up to 5 years.
New India Car Insurance User Reviews
No Claim Bonus
To be honest I was completely unaware of the No Claim Bonus ...Read More
4. TATA AIG Car Insurance
Highlights90.49% Super impressive claim settlement ratioCheck in your City5900+ Cashless garagesQuick and Hassle-free Policy RenewalsEnjoy 24*7 emergency assistance
Tata AIG General InsuranceRead More
Under the TATA AIG engine protection cover, the company bears the cost of repairing and replacing the internal parts of the engine. Along with that, it provides cover to gearbox and transmission. It not only helps to protect your engine but also contributes to keeping it healthy.
Tata Aig Car Insurance User Reviews
Compare before buying
The InsuranceDekho portal is a single platform to compare di...Read More
5. Bajaj Allianz Car Insurance
HighlightsRound the clock road-side assistanceCheck in your City4000+ Cashless garages at your service95% claim settlement ratioExclusive DriveSmart service available
Bajaj Allianz Life InsuranceRead More
Bajaj Allianz complete replacement and repair option for analytical parts of the engine such as gearbox, crankshafts, pistons, shafts and the head of the cylinder. It provides reimbursement for the labour cost as well.
Bajaj Allianz Car Insurance User Reviews
Got an insurance policy really fast
The most notable fact about Insurance Dekho is that they off...Read More
6. Oriental Car Insurance
HighlightsNetwork of 31 regional offices and more than 1,800 active branchesCheck in your CityA huge number of network garages, which offer direct cashless claimTotal strength of 14,000+ employees and well established in the rural parts of the country.Overseas operations in countries like Nepal, Kuwait and Dubai
Oriental Insurance Company Ltd.Read More
Under the Oriental engine protection cover, the policyholders get compensation even for engine repairs that are not associated with the accident. The cars that are not older than 3 years are eligible for this cover.
Oriental Car Insurance User Reviews
Zero Depreciation Cover
I got to know of the term Zero Depreciation Cover only from ...Read More
7. Universal Sompo Car Insurance
HighlightsFirst private-public joint venture company in IndiaCheck in your CityRanked 5th in ICMR-BMF survey of top 15 non-life insurance companies24*7 responsive customer supportInstant and paperless policy renewal
Universal Sompo General InsuranceRead More
The Universal Sompo add-on cover provides coverage against non-accidental engine damage resulted from flood, rain, leakage etc. It allows the policyholders to enjoy coverage for no-claim bonus and earn premium discounts at the end of the claim-free year.
Universal Sompo Car Insurance User Reviews
Zero Depreciation car cover
Having this type of insurance cover, it made my car insuranc...Read More