Top 5 Best Vehicle Insurance Companies in India – List of best service providers

Last updated on May 10th, 2018 at 11:27 am

vehicle insurance company

Top 5 Best Vehicle Insurance Company in India

Vehicle insurance is also known as auto insurance, motor insurance, GAP insurance. There rare many Vehicle Insurance Companies in India. it provides protection against physical damage or injury from accidental or colliding with the traffic. Auto insurance is a specific component for offering insurance benefits  below enlists various insurance agencies.

List of best vehicle Insurance companies in India are:

  1. Bajaj Allianz General Insurance Co. Ltd.
  2. Tata AIG General Insurance Co. Ltd.
  3. The Oriental Insurance Co. Ltd.
  4. The New India Assurance Co. Ltd
  5. HDFC ERGO General Insurance Co. Ltd

Bajaj Allianz General Insurance Co. Ltd.

Bajaj Allianz (2)

Bajaj Allianz is a joint partnership of Allianz AG and Bajaj Auto. This is one of the best Best Vehicle Insurance Company in India. It has 1200 branches across country. It provides 24 x 7 claim support for car and two wheeler through SMS and call centers. Cashless claims are being supported at 1500 garages. 0% interest EMI is paid as payment by Citibank Credit Card. Why bajaj allianz insurance is one of the best company in India? because of their advantages shown below:

  • surveyor while reach to your Doorstep
  • You will get 24 hours and 7 days a week assistance
  • You can purchase EMI’s Online
  • bajaj allianz provides Instant SMS Updates if you have any Claims
  • Settlement are Cashless through 1550+ offices

So we can say bajaj allianz is covering a big part of vehicle insurance in India

Tata AIG General Insurance Co. Ltd.

TATA_AIG_Insurance_logo
Tata AIG is formed by the joint partnership of Tata group and American international insurance. This is one of the best Best Vehicle Insurance Company in India. An Automobile provides you to enjoy trips and to fulfill several business necessities. Any sort of damage occurs to your vehicle or in case of theft thus motor insurance will surely provide protection to the vehicle. TATA AIG offers private car insurance, two wheeler insurance, commercial vehicle insurance, second hand car insurance.

Features of Tata AIG

  • Tata AIG providing Free car pick up facility to their customers
  • providing Warranty on repairs comes
  • Providing Cashless settlements
  • They are keeping 7 day settlement policy over the claims
  • Other awesome promotional features

These advantages brings tata AIG to top position in the filed of vehicle insurance in India

The Oriental Insurance Co. Ltd.

The Oriental Insurance Company Ltd. is an Indian public sector general insurance company. Headquarters situated at New Delhi. It has 31 regional offices and more than 1910 active branches in India. Overseas company branches situated in Nepal, Kuwait, Qatar and Dubai.You can download oriental Insurance company mobile app: https://play.google.com/store/apps/details?id=com.orientalinsurance

Some of the features provided by the company are follows:

  • Trusted name and protection from Government
  • Claim settlement ratio is very high comparing others
  • Fastest claim settlement all over India and abroad
  • Other features

The New India Assurance Co. Ltd.

The New India Assurance Co. Ltd., based in Mumbai, Maharashtra is a public sector general insurance company of India. It is the “largest general insurance company of India on the basis of gross premium collection inclusive of foreign operations”.
Customer service toll free helpline number: 18002091415
Headquarters: Mumbai

Features of New India Assurance company

  • They will take a decision over Claims within 3 days apply
  • They will appoint a Surveyor within 48 hours of claim intimation
  • Other many features

HDFC ERGO General Insurance Co. Ltd

HDFC ERGOIt is a formed with a joint venture of HDFC ltd and Ergo International AG. This is one of the best Best Vehicle Insurance Company in India. It has almost 78 branches in India. It has almost 1600 garages across India. It offers Insurance towards loss or damage to the vehicle by means of accident, theft,burglary,damage. It provides accident package, Personal Accident cover upto Rs 2,00,000. It also allows quick claim processing. Ergo is risk managing agency.

Following are the features of HDFC ERGO general insurance company:

  • HDFC ERGO provides Age and profession discount to their customers
  • Very less documentation
  • You will get Fast claim settlement
  • Dedicated customer support team.

Other leading companies are:

United India Insurance Company

United India Insurance Company

It is one of the leading Insurance agency consisting both public and private sector. It’s headquarters is in Chennai. This is one of the best Best Vehicle Insurance Company in India. It was established in 1938 and further nationalized in 1972. It consists profit  worth Rs 341.07 crore. It has 400 micro offices. The documents required for claiming Auto Insurance in India, is duly signed claim form, RC copy of the vehicle, Driving license copy, FIR copy, Original estimate and policy copy. There are different types of insurance in India-Private car insurance, two wheeler insurance, commercial vehicle insurance.

ICICI Lombard

ICICI Lombard

ICICI Lombard is one of the significant private sector insurance company in India providing instant issuance. This is one of the best Best Vehicle Insurance Company in India. It has almost 315 branches. An Accident coverage of Rs 2 lakhs is being provided.  A 2700+network garage is supported with cashless claims across India. EMI is granted with no additional interest .

As per the market study we have created this list. Kindly send us suggestions (customer reviews) to the below comment column.

16 Comments

  1. Hi,
    I m looking for 1st renewal of my swift car insurance. Total idv value is 576000. First insurance of national insurance done by the dealer. Now Bajaj allianz said that we can change the idv from min to max. Is this possible???? Also for the same online option available. Auto dealer said, idv value is always fixed for 1st renewal it is 15 %, then 10% and so on. What ever policy we get i will get claim only as per the rules… It is right…. kindly guide

    • Dear Anupam,

      Please do send me your contact number so that i can guide you to proper insurance policy with good features.

      regards
      raghav

  2. Hay …… can yu pls suugest that which is the best gen insurance co in india in the basis of claim settalement and the survice providing type…

Leave a Reply

Your email address will not be published.