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List of Top 10 Car Insurance Companies In India [2024]


Written by Amit Jain

Updated Jul 10, 2024

Check Best Car Insurance Companies In India With High Claim Settlement Ratio

If you are looking for a reliable and affordable car insurance company, you should consider availing coverage from one of the top car insurance companies in India. These companies have a long history of providing quality services to their customers.  Some of the top car insurance companies in India include AIG General Insurance Company, ICICI Lombard General Insurance Company, HDFC General Insurance Company, and AXA General Insurance Company.

If you're looking for a good car insurance company in India, there are a few to choose from. Below, we've compiled a list of the top 10 car insurance companies in India according to our research. Regardless of which company you choose, be sure to read the policy documents carefully to understand what is covered and what is not.

List of Top 10 Car Insurance Companies In India [2024]

List of Top Car Insurance Companies in 2024

Below we have enlisted the top 10 car insurance companies in India in 2024 with their claim settlement ratio- 

Name of Company

CSR (Claim Settlement Ratio)



Tata AIG




Bajaj Allianz




Kotak Mahindra


Bharti AXA


Future Generali


Liberty General




(Source: IBAI’s General Insurance Claim Insights Handbook - 5th Edition.)

Top 5 Companies for Car Insurance in India

India is a country with a population of over 1.3 billion people and growing. With this population comes an increase in the number of cars on the roads, which means more accidents and more insurance claims. To help make sure that you're getting the best car insurance coverage possible, here are India's top 5 car insurance companies with best claim settlement ratio: 

1. TATA AIG General Insurance

TATA AIG offers comprehensive car insurance policies for both personal vehicles and commercial vehicles. 

2. ICICI Lombard General Insurance

  • ICICI Lombard is one of the leading car insurance companies in India.
  • It provides comprehensive car insurance policies for personal vehicles, motorcycles, scooters, and cars with drivers and passengers.
  • They offer a wide range of products and services, including personal accident, home insurance, and motorbike insurance. Their rates are very competitive and they have a good reputation for being reliable. 

3. HDFC General Insurance

  • HDFC offers comprehensive car insurance policies for personal vehicles, commercial vehicles, motorcycles, scooters, cars with driver only, and boats/motorcycles/autos (with two or more riders). 
  • HDFC General Insurance Co., Ltd. this company is known for its competitive rates and excellent customer service.

4. State Bank of India

  • State Bank of India (SBI) is another popular option when it comes to car insurance in India.
  • They offer a wide range of products and services, including personal accident, home insurance, motorbike insurance, and vehicle financing options.

5. Bajaj Allianz General Insurance Co. Ltd

  • Bajaj Allaianz offers comprehensive coverage for both personal and commercial vehicles.
  • It also has a wide range of benefits, including roadside assistance and theft protection. 

How to Choose the Best Car Insurance Company?

When it comes to choosing the best car insurance companies in India, there are a few things to keep in mind. Choosing the right car insurance company can seem daunting if you're not familiar with the different types of coverage and how they work. Here are some tips to help you make a smart decision when picking a car insurance company: 

  • Do your research. Compare rates and reviews from multiple companies to find the best deal.
  • Choose a company with a good history. They should have been in business for at least five years and have a good track record of customer service.
  • Consider coverage options. Some car insurance companies offer extra features, like theft protection or roadside assistance, that could be worth paying for.
  • Make sure you understand your policy's limits. Know what is covered under each type of coverage and what is not. This will help you know if there is anything that needs to be added to your policy.
  • Check your policy expiry date to ensure your car insurance renewal happens on time


Now that you know things to look for in a car insurance company and top car insurers you can make a choice. Get car insurance fast for the safety of your family and your vehicle as well. Consider buying car insurance from one of the insurers above to get the appropriate coverage on time.

Also read:

All You Need To Know About The Risks Covered By The Comprehensive Car Insurance


Written by Amit Jain

Amit is an upcoming name in the motor industry be it new cars/ bikes or used ones. Amit in his last stint worked as a consultant for major Fortune 500 companies across the globe.&Read More


This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.

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