Top 10 Car Insurance Companies in India | Car Insurance Comparison

5. New India Assurance

newindia assurance insurance firmThe New India Assurance Co. Ltd is the largest general insurance company in India on the basis of gross premium collection inclusive of foreign operations, comes at 5th rank in the list of top 10 car insurance companies in India.

The New India Assurance Co. Ltd. is one of the five Wholly Government of India owned assurance companies of India.

New India Assurance Co. Ltd. was incorporated on July 23rd, 1919 Founded by the House of Tata Founder member – Sir Dorab Tata and Nationalized in 1973 with merger of Indian companies.

New India Assurance has a wide range of car insurance products and quick reaction and accurate services are the major factor in the success of the car insurance company.

The car insurance company, New India Assurance also offers the facility to buy car insurance online and online car insurance renewal of the policies.

Office: Mumbai, India | Founded: 1919 | Website: www.newindia.co.in

4. HDFC ERGO Motor Insurance Company Ltd

hdfc-ergo-car-insuranceHDFC ERGO Motor Insurance Company Ltd is 4th best motor insurance company falls under the list of top 10 car insurance company in India.

HDFC ERGO General Insurance Company Ltd. is a joint venture between HDFC Ltd. (India’s premier Housing Finance Company) and ERGO International AG, (The primary insurance entity of Munich Re Group).

The motor insurance company was incorporated in 2002 since then the insurance company won multiple awards in auto insurance service and the company is also one of the highest claim settlement ratios in the segment.

The Car Insurance Company offer a wide range of general & car insurance products ranging from Motor, Health, Travel, Home and Personal Accident in the retail space and customized insurance products.

HDFC ERGO Motor Insurance Company also offers the facility to buy car insurance online and online car insurance renewal of the policies for its consumers.

Here are the Key benefits of the car insurance of the HDFC Ergo Insurance Company

  • Third Party Damage Up to 7.5 Lakhs
  • 1600+ Network Garages
  • 92% of Incurred Claim Ratio
  • Discounts based on age and profession
  • Wide range of add-on covers
  • Age and profession based discounts
  • Cashless settlements at many workshops across the country
  • Zero documentation and quick processing of settlements
Office: Mumbai, India | Founded: 2002 | Website: www.hdfcergo.com

3. United India Car Insurance

united-india-car-insuranceUnited India Car Insurance is one of the Top 3 Car Insurance Companies in India which makes it in to the list of top 10 car insurance companies in India.

United India Car Insurance Company Ltd is one of the five wholly Government of India owned heavyweight insurance companies in India.

United India Insurance Company Limited was incorporated as a Company on 18th February 1938. The car Insurance Company has a dominant stake in the sphere of motor insurance in India with over seven decades of experience in insurance industry business.

United India Insurance Company Ltd offers many car insurance products which insurance policies are being used widely though increasing number of customers across Asia.

Here are the Key benefits of the car insurance of United India Insurance Company Ltd:

  • Buy & Renew policies online
  • Renew policy via mobile app.
  • Offered in two forms- package policy & liability only policy
  • Attractive discounts when customer complies with certain requirements
  • Nationwide reach
  • Customer trust factor
Office: Chennai, India | Founded: 1938 | Website: uiic.co.in

2. ICICI Lombard Motor Insurance

icici lombard general insuranceICICI Lombard Car Insurance Company Ltd is the Largest Private Sector General Insurance Company in India that’s why the car insurance company is comfortably sitting on 2nd place in the list of top 10 car insurance company in India.

ICICI Lombard Motor Insurance Company is a joint venture between ICICI Bank Limited, India’s second largest bank and Fairfax Financial Holdings Limited; a Canada-based USD 37 billion diversified financial services company.

ICICI Lombard General Insurance the largest private sector general insurance company in India was founded in 2001.

The car insurance company offer insurance coverage for motor, health, travel, home and others. Customers can buy car insurance policies online or renew car policies online with instant policy issuance.

When you consider car insurance in 2016, keep in mind ICICI’s track record of 11.22 million policies issued, 6.44 million claims settled and Rs.71.34 billion in Gross Written Premium.

Here are the Key benefits of the car insurance of ICICI Lombard Motor Insurance:

  • Immediate issue of e-policy online
  • 3300+ network garages across India
  • Wide range of add-on covers
  • Much applauded customer support
  • Simple claim process
  • Nationwide reach
  • Customer trust factor
  • Buy & Renew policies online

Office: Mumbai, India | Founded: 2001 | Website: www.icicilombard.com

Also Read: Top 10 Packaging Companies in India

1. National Insurance Company Ltd

national-insurance-company-car-insuranceNational Insurance Company Ltd is India’s Best Car Insurance Company which is fully state-owned general insurance company is a pioneer of car insurance in India that’s why we put it on top of the list in top 10 car insurance company in India.

National Insurance Company enjoys a wide-reaching appeal and an enviable track record in terms of products offered and customer support rendered.

National Insurance Company was established in 1906 and nationalized in 1972 which has it’s headquartered in Kolkata, India.

The insurance company has a wide reach with more than 1000 offices and 16,000+ employees and agents across India and Nepal.

National car Insurance was ranked second amongst the various motor insurance companies in India, with the overall organization’s gross premium count exceeding 10,000 crore.

The insurance company has many numerous awards in his kitty like Best Underserved Market Penetration, Industry Champion, Business Leadership Award, Top 100 CISO Awards and much more.

National car Insurance Company offers many motor insurance products which insurance policies are being used widely though increasing customers in India & Nepal.

The car insurance company, National car Insurance also offers the facility to buy car insurance online and online car insurance renewal of the policies.

Here are the Key benefits of the car insurance of National Insurance Company:

  • Highest in Customer Satisfaction ratio
  • Top PSU for Customer Service
  • Buy & Renew policies online
  • Third Property Damage up to 7.5 Lakhs
  • Incurred Claim Ratio of 69.35%of
  • Wide range of mishaps and possibilities covered
  • Wide network of branches
  • Simple claim process
  • Nationwide reach
  • Customer trust factor
  • Friendly Agents
Office: Kolkata | Founded: 1972 | Website: nationalinsuranceindia.nic.co.in

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