Top 10 Car Insurance Companies in India 2023

To find the best car insurance company in 2023, you can also consult insurance industry reports, talk to insurance agents or brokers, and obtain quotes from multiple insurers.

Keep in mind that the best choice may vary depending on your individual requirements, so it’s essential to select an insurer that meets your specific needs and preferences.

1. Bajaj Allianz General Insurance Co. Ltd.

The company offers some unique services in its car insurance policy including third party car insurance online. Its Drive Smart feature tracks driving in real time and earns you premium discounts. The plan also offers towing facility in case of a breakdown.

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2. Bharti AXA General Insurance Co. Ltd.

Bharti AXA’s car insurance plans offer cashless claims across 3000+ garages in India and 24*7 claim assistance in case of claims.

3. HDFC ERGO General Insurance Co. Ltd.

HDFC Ergo offers car insurance policies both for private cars as well as for commercial ones. Its products promise claim approval at the earliest and have comprehensive coverage features.

4. ICICI Lombard General Insurance Co. Ltd.

The company has a tie-up with more than 5600 garages across India and has a motor insurance claim settlement ratio of 92.2% within 30 days of claim intimation. These figures make the company a leading name in the car insurance industry.

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5. IFFCO TOKIO General Insurance Co.Ltd.

The company provides a unique Value Auto Coverage Insurance policy which provides a range of add-on coverage benefits. The policy, thus, acts as a supplement to your car insurance policy at very affordable premiums.

6. New India Assurance Company Ltd.

New India is a leading public sector general insurer which is a trusted brand among millions. Its private car policy provides a range of inbuilt coverage benefits as well as add-ons.

7. Oriental Insurance Co. Ltd.

Oriental’s car insurance policy is available online with minimal paperwork and easy application process. You can add various add-ons for an increased coverage and also avail attractive premium discounts.

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8. Royal Sundaram General Insurance

Royal Sundaram has a tie-up with more than 3300 garages in India. The policy offers special add-on covers which also cover damages to the plastic and metal parts of the car as well as the windshield glass.

9. Tata AIG General Insurance Co. Ltd.

With TATA AIG’s car insurance plans, you can buy either a comprehensive car insurance policy or a liability only one. The company has a range of thirteen add-on coverage benefits that promise customization as well as enhanced coverage.

10. United India Insurance Co Ltd.

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