Car Insurance Companies List In India 2020

A car insurance helps you get mitigate financial obligations which may arise due to an unfortunate event involving your car such as a road accident, fire, theft, natural calamities, etc. As per the Indian Motor Tariff, every car owner is legally required to have at least a third party car insurance cover for being able to drive their car on Indian roads. Currently, there are 25 insurance companies in India which offer car insurance.

5 Best Car Insurance Companies In OD Claim Settlement

Insurance company

Claim Settlement Ratio for FY 2017-18

IFFCO Tokio

96.52%

Royal Sundaram

94.96%

New India

93.96%

Tata AIG

91.52%

Bajaj Allianz

91.46%

Source: IBAI’s General Insurance Claim Insights Handbook For Policyholders - 3rd Edition.

5 Best Car Insurance Companies In TP Claim Settlement

Insurance company

Claim Settlement Ratio for FY 2017-18

Oriental Insurance

40.79%

New India

40.08%

IFFCO Tokio

36.83%

Bharti AXA

36.05%

Cholamandalam

33.93%

Source: IBAI’s General Insurance Claim Insights Handbook For Policyholders - 3rd Edition.

OD Claim Settlement Ratios of Other Insurers

Insurance company

CSR: Motor OD Policy for FY 2017-18

Oriental Insurance

91.34%

Universal Sompo

90.63%

Future Generali

89.40%

HDFC ERGO

89.23%

SBI General

88.76%

Bharti AXA

88.54%

Liberty

87.96%

ICICI Lombard

87.65%

United India

85.37%

Cholamandalam

84.75%

Reliance

82.93%

Kotak Mahindra

80.82%

Shriram

78.78%

Magma HDI

77.89%

National Insurance

71.46%

Source: IBAI’s General Insurance Claim Insights Handbook For Policyholders - 3rd Edition.

TP Claim Settlement Ratios of Other Insurers

Insurance company

CSR: Motor OD Policy for FY 2017-18

Royal Sundaram

30.57%

Magma HDI

27.56%

SBI General

26.99%

Shriram

26.90%

Tata AIG

26.37%

United India

25.24%

HDFC ERGO

23.27%

Universal Sompo

22.75%

ICICI Lombard

20.82%

Future Generali

20.04%

Reliance

18.32%

Bajaj Allianz

18.20%

National Insurance

15.44%

Liberty

15.44%

Kotak Mahindra

10.14%

Source: IBAI’s General Insurance Claim Insights Handbook For Policyholders - 3rd Edition.

Car Insurance Companies

Find Right Car Insurance Quotes by Cars Body Type

  • Hatchback
  • Sedan
  • SUV
  • MUV
  • Luxury

Car Companies User Reviews

  • Availability of cashless garages

    The InsuranceDekho team guided me well to buy a HDFC ERGO insurance policy due to its wide network of garages across the nation, which easily assisted...

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    M
    Manit Khurrana
    On: 11th August, 2020 | Views
  • Good network of garages

    InsuranceDekho’s team advised me to buy an ICICI Lombard car insurance cover as it has a great network of cashless garages. And I am thankful to them ...

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    G
    Govind Walia
    On: 11th August, 2020 | Views
  • Smooth and easy process of buying insurance online

    Buying a Liberty General car insurance policy online at InsuranceDekho for my Honda City car was a very smooth and easy process. I contacted the custo...

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    R
    Ramapriya Bharti
    On: 11th August, 2020 | Views
  • Website is very easy to navigate

    I wanted to purchase a car insurance policy for my Toyota yaris car and therefore visited the website of InsuranceDekho for the same. I was able to na...

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    G
    Gini Ahuja
    On: 11th August, 2020 | Views
  • Liked the services of InsuranceDekho

    I was looking for an affordable policy for my Renault Kwid car and therefore contacted the team at InsuranceDekho for that. I really liked their servi...

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    R
    Raghav Rawat
    On: 11th August, 2020 | Views

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