10 Best Auto Insurance Companies in India 2022
Discover the top 10 best auto insurance companies in India for 2022, based on reliability, benefits, and popularity. Get the best coverage for your vehicle and peace of mind knowing you're protected.
If you are searching for the best Indian vehicle insurance companies, check this list of top 10 best Auto insurance companies in India 2022.
After purchasing a brand new vehicle such as a car, bike, truck & bus, everyone looks for a good Auto insurance company for safety purposes. Yes, Auto insurance is needed and important for every vehicle owner. Nowadays you will find several top Indian car insurance companies and Indian bike insurance companies, so people mostly get confused about which one to choose.
Therefore, we have decided to shortlist the top 10 best Auto insurance companies in India. on the basis of their reliability, benefits, and popularity. These vehicle insurance companies provide more trustworthy safety and insurance cover with other facilities. Hope this post will help you a lot to choose the best Auto insurance companies in India.
Top 10 Best Auto Insurance Companies in India 2022
10. Universal Sompo General Insurance Company Limited
Universal Sompo General Insurance Company Limited is another most reliable Auto insurance company. It was founded in 2007. The headquarters of this insurance company is in Mumbai. This insurance company is a joint venture of two reputed nationalized bank likes Indian overseas bank and Allahabad Bank. You will get 24×7 hours of policy assistance from the support team. Besides that, a quick and hassle-free claim settlements service is available from this company.
9. Reliance General Insurance Company
If you are looking for a hassle-free and quick insurance policy for your vehicle then just go with Reliance General Insurance Company. You can get several affordable insurance policies for your vehicle from this company. It offers free roadside assistance coverage for your vehicle worth up to 500 rupees.
This insurance company was founded on 17th August 2000. It has a cent percentage incurred claims ratio almost in every financial year. This is a private insurance company that offers policies for your vehicle as an insurance plan, own damage policy, third party liability insurance plan, and long-term insurance plan.
8. United India Insurance Company
United India Insurance Company is another reputed government undertaking insurance company in India that offers the best Auto insurance policies. This company was founded on 18th February 1938. And currently, it has almost 1300 offices all over India. This insurance company has a strong customer base and it offers quality insurance facilities especially for car & bike owners. Moreover, it has more than 1 crore policyholders and the claim ratio of this company is quite good.
7. Bharati AXA General Insurance Company Ltd.
Bharati AXA General Insurance Company Ltd. is another great choice if you are looking for reliable Auto insurance. This is a joint venture between Bharati enterprises and the Axa business group. This insurance company was founded in 2008. Currently, you will find 104 branches of it all over India. This is a private vehicle insurance company that offers a third-party liability-only policy and comprehensive policy. The claim ratio of this company is almost 98.50% and it offers 24×7 hours assistance for your vehicle insurance and quick claim settlement.
6. The Oriental Insurance Company
The Oriental Insurance Company was established in September 1947. Its operation begins in Mumbai and now you will find several branches all over India. This insurance company has a vast customer base and it offers several goods Auto insurance policies for people.
Oriental insurance company limited is a public sector company and run by the central government of India. The headquarters of this insurance company is in Delhi and it offers insurance policies for both commercial and private vehicles. You will always get unique benefits and amazing features from its policies. So, no doubt, this is one of the best Indian Auto insurance companies.
5. The New India Assurance Co.Ltd.
If you are looking for a government-based Indian vehicle insurance company then The New India assurance co ltd is the best one for you. You can say this is one of the largest general insurance companies which offers attractive Auto insurance policies to the people. This insurance company was founded on 23rd July 1919 and offers a cent percent claims ratio with fast processing. Besides that, this insurance company has the best and strong financial stability in India. The total net worth of this company is more than 37,500 crores.
4. HDFC ERGO General Insurance Company Limited
HDFC ERGO General insurance company limited is another top name that comes among the best Auto insurance companies in India. This privately-owned insurance company offers single-year comprehensive vehicle insurance, standalone own damage cover, long-term comprehensive vehicle insurance, and third-party liability vehicle insurance. It has almost 6800 plus garages across India and the incurred claim ratio or ICR of this company is around 52.58%. You can ensure your new or old vehicle under this company and get several benefits. This company also offers a hassle-free and fast claim settlement facility.
3. Tata AIG General Insurance Company Limited
Tata AIG General Insurance Company Limited is another one of the best Indian Auto insurance companies. It offers a wide range of add-ons to its vehicle insurance policies. It provides a good scope of coverage and you will get a quick and hassle-free claim settlement process. This is a private company that offers auto secure, 3 years auto security, 3 years standalone third party long-term auto secure for a private vehicle policy. Besides that, you can also go for its bundle auto secure policy which offers other facilities. Currently, the incurred claim ratio of this company is around 60.68. If you are looking for a good Auto insurance policy then definitely Tata AIG general insurance company is a good choice for you.
2. Bajaj Allianz General Insurance Company Limited
Bajaj Allianz General Insurance Company limited is another top choice for you if you need a reliable insurance package for your vehicle. This company is a joint venture of Allianz SE and Bajaj Finserv Limited. Baja Allianz started its operation in 2001 and currently has a branch in 200 towns and cities in India. This brand always takes care of the client and understands the real needs of people for insurance policies. Besides that, it has several amazing Auto insurance policies such as roadside assistance facilities, a 50% no claim bonus from moto insures, zero depreciation cover, and much more.
1. ICCI Lombard General Insurance Company Limited
ICCI Lombard general insurance company comes at the top among all other best Indian Auto insurance companies. This is a private insurance company that has several amazing insurance policies that successfully meet all the needs of the people. This insurance company was founded in 2001 and the headquarters of this company is in Mumbai. You will get natural calamities, man-made calamities, 6-month repairs, third-party legal liability cover. Besides that, easy insurance claim settlement and accident cover benefit from this insurance company.
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