MouthShut.com Would Like to Send You Push Notifications. Notification may includes alerts, activities & updates.
Concern / Feedback Form
Secure your account
Please enter your valid contact number to receive OTP.
Just one step away to protect your account with 2FA.
Protect your account by adding an extra layer of security.
Home > Insurance Companies > Top 10 Car Insurance Companies In India
Car Insurance Overview
Being insured provides assurance against unforeseen accidents that one might encounter. It primarily provides financial protection against damage to the car that may arise from weather-related events, natural catastrophes, traffic accidents, theft, and other incidents. The specifics of auto insurance could differ from state to state.
More people than ever before are using cars in metropolitans. This is a result of the different bank and loan offers that the businesses provide their clients. More cars equal more traffic, and more traffic equals more crashes and accidents. For this reason, car owners must obtain insurance coverage for their vehicles. And this is the precise moment when obtaining the best auto insurance is necessary in order to be protected from unforeseen vehicle expenses and damages.
Having auto insurance is a must in India, regardless of whether you use your vehicle for business or pleasure. Through partnerships with automakers, insurance companies provide customers with instant rates for both auto insurance and auto insurance.
Facts and Figures (IBEF)
HDFC ERGO Auto Insurance is one of the most preferred auto insurance partners for commercial as well as individual customers. It is a collaboration among the 2 companies namely ERGO International & HDFC Limited. The company has a great variety of products to choose from as it also has health insurance, motor insurance, life insurance, etc. It also is known for the Gramin Suraksha Bima and property insurance, engineering insurance property insurance, liability insurance, etc. It is one of the biggest names in the auto insurance sector. It has a presence in over 100 cities and operates with 120+ branches.
Present stats
IFFCO TOKIO Auto Insurance is a private insurance company and quite a massive entity in the insurance sector as it has been one of the major players for years now. The company was founded in the year 2000. The motto of the company was clear, to offer the best insurance policy which offers the best benefits to the buyer. Transparency among the buyer and the company & fair policies which is a must for an insurance company are just a few features of the IFFCO TOKIO Auto Insurance. It has got an aide range of products and services to choose from as it offers various insurance such as health, life, motor, wealth insurances, etc. Apart from such products and services the company also offers insurance such as cyber insurance and credit insurance too. The different policies of the company are designed with the intention of serving both corporate and individual customers.
Founded in the year 2000 & one of the biggest insurance organizations known for the best insurance benefits offered. The company in its initial period was known to be dealing only with general insurances. But at the moment IRDA gave the company approval, it started its operation in various insurance sectors in October 2000. It stands as one of the most preferred companies to opt for car insurance and quite a trusted name in the auto insurance sector. The company has a national presence with +138 branches in India with +1975 associates in total. The numerous products are offered with a huge distribution network such as brokers, affinity partners, and agents.
Bajaj Allianz is quite a name to which the majority of the Indian masses are familiar across the country. The company is a collaboration among Allianz SE and Bajaj Finserv Ltd. The firm was established in the year 2001. The other thing is that Bajaj Finserv was a part of Bajaj Auto Ltd which belongs to the Bajaj Group of companies & Allianz SE is a German company specializing in financial services. When the company began its business operations it was just having a hundred employees and a presence in over 36 locations and had a capital valuation of Rs 1 Billion. But as of now, Bajaj Allianz Auto Insurance Ltd has an array of over 90 products of which over 20 products belong to the Insurance sector. The company now has a strong presence in over 200 major cities and a workforce of 3000+ employees. The headquarter of the company is in Pune. The company is a market leader in offering the best insurance policies to its customers
The list of the best insurance companies in India is incomplete without ICICI Lombard Auto Insurance. Founded in 2001 is a conjoined effort by 2 companies Fairfax Financial Holdings Limited and ICICI Bank. IN accordance with the numbers of the year 2018. It is not just the auto insurance ICICI Lombard Auto Insurance is involved in, but a whole lot of other insurances and banking services are offered to the customers. When it comes to the shareholdings the ICICI holds 64% while the remaining 26% belongs to Fairfax Ltd. And without any doubt, it is one of the greatest insurance companies of India.
A very well known face to the insurance sector. It is an auto insurance company that has +150 products and services to choose from. The company was inaugurated in 1947 and its main operations are managed from Delhi. The firm is said to be having +30 regional offices and 1700+ branches working across the nation for the best services to be offered. The firm has 13900+ employees and a number of insurance products for commercial as well as personal insurances. The company was started with small paid-up capital in 1-Lakh. At present, the company is said to have a valuation of +7000 crore and also has been operating in countries like Kuwait, Nepal, and Dubai.
Whenever the discussion is about insurance the name TATA AIG Car Insurance is sure to come up. It is a company that came into existence when the Indian Group of companies TATA joined hands with American MNC AIG. The collaboration came into the picture as TATA is a trusted name in India and AIG is known for the wide range of extensive services offered across the globe. The foundation stone of the company was laid in January 2001. A huge range of additional services other than auto/car insurance is automobiles, travel, property, personal accident, marine, energy, etc. The collaboration among the 2 companies was fruitful to companies as well as customers. The company through its agents, brokers, and banks makes sure that the best car/auto insurance and great services are offered to the customers.
Bharti Axa Insurance Ltd is one of the most trusted names in the insurance sector in India. It is a collaboration among the 2 companies namely Axa Business Group & Bharti Enterprises. The Bharti Axa Insurance is a company with a wide range of products and services to be offered for both commercial and individual customers. Bharti Axa Auto Insurance has over 40 different products and services. The company is having a presence throughout the country and is headquartered in Mumbai. And additionally, the best part is that the Bharti Axa Auto Insurance is the one and only company that is certified ISO 9001:2008 and ISO 27001:2005. The company forever has tried hard to bring a whole lot of options to offer to their customers when they need the best auto insurance policies.
The company was founded by Sir Dorabji Tata in 1919 and by legalized in 1973. India Auto Insurance is an insurance company that is very much popular in the insurance sector as it is one of the oldest insurance firms in India. The main operations of the company are headquartered in Mumbai. It does have a presence in other countries such as Mauritius, Thailand, UK & the Philippines. The company in its history has worked and collaborated with a number of other leading companies. It has a number of financial services to offer including insurances for a vehicle, home, health, life insurances, etc. At present, the company has +15,000 associates and 60,000+ agents and is ready to serve all kinds of customers with +200 products. It has a number of options when it comes to auto insurance with different prices and different benefits.
United India insurance owned and operated by the Indian government and has the main office in Chennai. The company was started in the year 1938 and ever since has been the personal preference of Indian masses. The company with its efforts was successful in convincing the people to take insurance as back then people were very little informed of what is insurance and how it benefits the buyers. The company, however, has +28 regional offices, 430+ divisional offices, 1030+ micro offices, and 65+ service hubs. The Domestic premium collection of the company for the third quarter is +16,300 Cr. In 2018, the Indian government declared the merger of the company with National Insurance Company and Oriental Insurance.
Prest stats
Free MouthShut app saves money.
OTP Verification
Verify
An OTP has been sent to your email and mobile number. Please enter OTP to verify the account.
Didn't receive? Resend OTP
An OTP has been sent to your email address. Please Enter OTP to verify your email address
