Auto insurance has become a crucial entity that caters to multiple aspects. With increasing vigilance for legal reasons, insuring your vehicle has not remained an option, but has become an obligation.
Car insurance provides protection against financial loss resulting from an accident, which involves any vehicle or be it any object. It also covers all kinds of natural and man-made calamities. According to Indian Motor Vehicle Act, it is mandatory to have liability insurance for your car.
Here in this article, we present to you the top 10 companies where you can get your car insurance online, while avoiding all forms of legal hassles in the future.
Acko car insurance policy:
There are a total of eight car insurance plans offered by the company, which meet the diverse needs of customers, with absolute quick access that promotes paperless work, in addition to maintaining minimal paperwork, with settlement rate claims of 95.5%.
Go Digit insurance company:
Their pick-up-repair-drop facility makes them an easy choice, in addition to offering a simple claims feature, making them one of the most reliable companies to choose from and enjoy a claims settlement rate. by 95%.
Societe Generale IFFCO-TOKIO:
IFFCO-TOKIO holds an immense reputation in the insurance division and attracts a huge load of customers with its friendly policies. The company has a claims settlement rate of 96.8%.
Reliance General Insurance Company:
Under its brand name, the insurance company Reliance offers add-ons on all its businesses, and long-term discounts hold a large share in the car insurance segment. Stands at an extremely exceptional claims settlement rate of 98%.
ICICI Lombard Insurance Company:
A business of ICICI Bank, Lombard Insurance Company has verified reviews associated with its offering which includes online insurance provision and low cost facilities, holding the claims settlement rate of 87.38%.
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SBI General Insurance Company:
With around 16,000 garages, SBI General Insurance Company is one of the best car insurance companies in India while offering online car insurance with no-claims bonus on the premium of the next term of the policy for years without a claim. Supported by an Indian government company, this company has a CSR of 89.51%.
HDFC ERGO insurance company:
A leading company in the segment of consumable covers and emergency assistance, available in 106 cities in addition, offering one of the most beautiful add-ons among the main market players, with a CSR of 91.23% .
SOMPO universal insurance company:
This joint venture between Indian Bank, Karnataka Bank, Indian Overseas Bank, Dabur Investment Corporation and Japan’s leading insurance company – Sompo Japan Nipponkoa Insurance Inc. has successfully established itself as a motor insurance company in India that counts more than 3500 garages and major incentives like motor protection cover and ‘hospital daily cash’, this company boasts a claims settlement rate of around 96%.
Magma HDI insurance company:
Recognized with a CRISIL A1+ rating, the company offers a private auto insurance package, a full commercial insurance package, an auto insurance policy only, and rider options. The car insurance company offers a voluntary deductible plan for additional discounts, marketing itself as a low-cost car insurance company, with a fairly modest CSR of 79.6% among others.
Royal Sundaram General Finance Company:
Top of the list with the highest claims settlement rate of 98.6%, this company offers flexible and personalized insurance solutions and responds to customer needs. This company covers just about every important aspect, from windshield cover to lost luggage coverage, it’s a must to consider if you’re considering auto insurance in the near future.