Car insurance not only offers financial protection in case of accidents but also provides peace of mind while driving. With numerous insurance providers in the market, it can be challenging to choose the right one. To make this process easier for you, we’ve compiled a list of the top 10 car insurance companies in India for 2025, based on customer service, claim settlement ratio, coverage options, and premiums.
1. ICICI Lombard General Insurance
ICICI Lombard is a household name in the Indian insurance industry. Known for its wide range of coverage options and excellent customer service, ICICI Lombard offers both comprehensive and third-party car insurance policies. Their claim settlement ratio is one of the highest in the industry, making them a trusted choice among car owners.
Key Features:
- 24/7 claim assistance
- Cashless network of garages
- Quick claim settlements
2. Bajaj Allianz General Insurance
Bajaj Allianz offers flexible car insurance plans that cater to a variety of needs. The insurer is known for its prompt claim settlements and extensive network of cashless garages. Bajaj Allianz also provides additional riders such as zero depreciation cover and engine protection, which can enhance your policy coverage.
Key Features:
- Comprehensive and third-party insurance options
- Zero depreciation add-on
- Easy online claim process
3. HDFC ERGO General Insurance
HDFC ERGO has earned a reputation for offering affordable yet comprehensive car insurance policies. Their policies are customizable, and they provide the option of including add-ons like roadside assistance, engine protection, and more. HDFC ERGO is particularly popular for its efficient claim settlement process.
Key Features:
- Instant claim settlement
- Online purchase and renewals
- Wide network of cashless garages
4. New India Assurance
One of the oldest and most trusted names in the Indian insurance market, New India Assurance is a government-owned company that offers robust car insurance policies at competitive premiums. Their claim settlement process is quick and efficient, making them a popular choice among Indian drivers.
Key Features:
- Government-backed insurer
- Affordable premiums
- Hassle-free claim process
5. Tata AIG General Insurance
Tata AIG is a leading player in the Indian car insurance market, offering both comprehensive and third-party car insurance policies. Their claim settlement ratio is impressive, and they offer add-on covers such as zero depreciation and tire protection.
Key Features:
- Comprehensive and third-party plans
- Zero depreciation cover
- Instant online policy issuance
6. Reliance General Insurance
Reliance General Insurance offers a wide range of car insurance policies that cater to different needs and budgets. They have a large network of cashless garages and provide additional covers like personal accident cover, engine protection, and roadside assistance.
Key Features:
- Extensive network of cashless garages
- Easy claim settlement process
- Customizable add-ons
7. Star Health & Allied Insurance
Star Health & Allied Insurance, though primarily known for its health insurance offerings, has emerged as a strong contender in the car insurance space. Their car insurance policies are designed to offer comprehensive protection at competitive premiums, and they have an efficient claim settlement process.
Key Features:
- Affordable premium rates
- Cashless repair services
- Flexible policy options
8. SBI General Insurance
SBI General Insurance, backed by the State Bank of India, is one of the most trusted names in the insurance sector. Their car insurance policies offer a range of coverage options, and their claim settlement ratio is excellent. The company also offers add-on covers like zero depreciation and return to invoice.
Key Features:
- Wide range of coverage options
- Excellent claim settlement ratio
- Online renewals and purchases
9. Acko General Insurance
Acko is a digital-first insurance company that has made a name for itself with affordable and innovative car insurance plans. Known for its seamless online buying experience, Acko offers comprehensive and third-party policies with no paperwork and quick claim processing.
Key Features:
- Fully online and paperless processes
- Affordable premiums
- Quick and transparent claim process
10. Kotak Mahindra General Insurance
Kotak Mahindra General Insurance is another strong player in the Indian market. The company offers comprehensive car insurance policies that are customizable with various add-ons, including coverage for natural disasters and theft. Kotak Mahindra is known for its prompt customer service and easy claim settlement process.
Key Features:
- Customizable coverage
- Quick claim settlement
- Efficient customer support
Conclusion
Choosing the right car insurance policy is a crucial decision that can protect you from financial liabilities in case of an accident, theft, or natural disaster. While these 10 companies offer some of the best car insurance policies in India, it’s essential to assess your specific needs and compare the offerings before making a choice. Consider factors like the premium cost, claim settlement ratio, network of cashless garages, and available add-ons when choosing the best insurance provider for your vehicle.