If you are a Car owner then you must have insurance for your car. With the help of Car Insurance companies, you can easily avoid your extra expenses. If we talk about Car insurance, then the car insurance sector is one of the growing sectors in India. car insurance gives you complete protection of your car.
It covers protection from damage whether it is man-made or natural. In this article, we will see some Best Car Insurance Companies in India.
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10 Best Car Insurance Companies in India
Here is the list of the Top 10 Best Car Insurance Companies in India
1. HDFC ERGO
HDFC ERGO is a Mumbai-based Car Insurance Company, it is one of the leading insurance companies in India. The Platform operates as a joint venture between HDFC Bank and ERGO International with a 51% stake held by the Housing Development Finance Corporation Ltd and a 49% stake held by ERGO International AG.
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The Platform has more than 1.5 crore users. Apart from Car Insurance they also offer some other insurances such as Personal Accident, Two Wheeler Insurance, Travel Insurance, Health Suraksha, Student Suraksha, Home Insurance, Critical Illness, and others.
2. Acko General Insurance Company
Acko is a Banglore-based tech company founded in 2016. The Platform provides car insurance plans that can be opted for by their diverse customers according to their requirements. It promotes a paperless insurance process and minimal documentation.
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It is one of the best choices for the most convenient car insurance online policies. Apart from this they also offer some other insurances such as Auto insurance, Embedded Insurance, mobile insurance, Health Insurance, and others.
3. Digit Insurance
Digit Insurance is a Bangalore-based one of the leading car insurance companies founded in 2016. It is one of the leading digital full-stack insurance companies in the country whose mission is to make insurance simple.
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It provides a pick-up-repair-drop facility which makes it different from other insurance companies. The Platform became unicorn after a valuation of 1 Billion USD. It provides a wide range of motor and health insurance.
4. SBI Car Insurance Company
SBI Car Insurance is one of the leading car insurance companies in the country. The platform offers car insurance online with a no-claim bonus on the next policy tenure’s premium for claim-free years.
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The Company believes it is very important to insurance for every car owner. The company offers Every type of insurance such as health, motor, home, and travel insurance.
5. IFFCO Tokio General Insurance
IFFCO Tokio General Insurance is one of the leading companies founded in 2000. The company aims to fulfill the requirements of the customers of the company.
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The platform offers multiple types of Insurance such as motor insurance, health insurance, home insurance, travel insurance, and other insurance. The company aims to provide insurance simple, documentation, and hassle-free.
6. Future Generali Car Insurance
Future Generali is a Mumbai-based insurance company it is a joint venture of Future Generali Car Insurance. It has more than 8.2 million policies.
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It provides car insurance due to incidents like accidents, theft, fire, natural calamities, and many more. The company aims to offer paperless and simple insurance.
7. Reliance Car Insurance
Reliance Car Insurance is a Mumbai-based insurance company it is one of the leading private insurance companies. It sets the bar by providing personalized add-on covers and long-term discounts, fulfilling the role of a car insurance company in the market.
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It offers multiple types of insurance such as Private Car / Two Wheeler Insurance, Travel Insurance, Health Insurance, Home Insurance, and many more.
8. Kotak Mahindra Car Insurance
Kotak Mahindra Car Insurance is a Mumbai-based insurance company. The company aims to secure its customers from financial losses such as road accidents. The company has more than 19 branches in all over the country.
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The company aims to offer hassle-free insurance to its customers. It offers multiple types of insurance such as Motor, Health, Home, Travel, Fire & Marine.
9. Universal SOMPO Car Insurance
Universal SOMPO Car Insurance is a Mumbai-based platform. It is a Joint venture of Indian Bank, Indian Overseas Bank, Karnataka Bank, Dabur Investments, and Sompo Japan Insurance Inc. Platform has more than 117 offices in the country.
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It is one of the best car insurance companies they offer multiple types of car insurance such as engine protection, accident insurance, etc. Apart from car insurance they also offer some other insurance.
10. ICICI Lombard Car Insurance
ICICI Lombard is a Mumbai-based one of the leading insurance companies. It provides a diversified range of products with the help of various distribution channels such as motor, health, crop, fire, personal accident, marine, engineering, and liability insurance.
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It provides multiple types of insurance such as Health Insurance, Travel Insurance, Home Insurance, two-wheeler Insurance, and many more.
Conclusion
Car insurance companies are one of the biggest insurance sectors in India. Insurance companies offer multiple types of services and cover a wide range of services. Car insurance is very important for car owners sometimes you get natural accidents and other things.
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Frequently Asked Questions (FAQs)
Which is the best Car insurance company?
Every Car insurance company is best on its own, it depends on your preference and requirements. Every car owner has different needs so before choosing you can compare each company.
Is Car insurance important to take?
Yes, if you have car insurance then you can easily avoid your extra money.
Which are the Top 10 Best Car Insurance Companies in India?
HDFC ERGO, Acko, Digit Insurance, Reliance Car Insurance, Kotak Mahindra Car Insurance, Universal SOMPO Car Insurance, ICICI Lombard Car Insurance, Future Generali Car Insurance are the Top 10 Best Car Insurance Companies in India.
