Best Motor insurance company in India 2024 TOP 10
14 August 2024
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Car insurance helps you get mitigate financial obligations, TODAY DISCUS top 10 car insurance companies in india
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that 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/vehicle on Indian roads. Currently, there are 25 insurance companies in India that offer car insurance.
The Indian insurance market is huge and offers a wide range car insurance plans at economical rates.
Car Insurance Company | Motor OD Claim Settlement Ratio FY20 | Network Garages | |
IFFCO Tokio General Insurance | 95.30% | 4,300+ | |
Royal Sundaram General Insurance | 92.66% | 4,600+ | |
The Oriental Insurance Company | 91.76% | 3,100+ | |
HDFC ERGO General Insurance | 91.23% | 6,800+ | |
Universal Sompo General Insurance | 90.78% | 3,500+ | |
Tata AIG General Insurance | 90.49% | 5,000+ | |
The New India Assurance | 89.60% | 3,000+ | |
SBI General Insurance | 89.51% | 16,000+ | |
Bajaj Allianz General Insurance | 88.83% | 4,000+ | |
Future Generali India Insurance | 88.69% | 2,500+ | |
Bharti AXA General Insurance | 87.99% | 5,200+ | |
ICICI Lombard General Insurance | 87.71% | 5,600+ | |
Liberty General Insurance | 98% | 4,300+ | |
Cholamandalam MS General Insurance |
At present, there are 25 insurance companies that provide reliable car insurance plans. The insurers offer unique features and personalised facilities to cater to different sorts of customer needs.
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