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Companies Offering Best Car Insurance in India in 2026
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Home / Motor Insurance / Car Insurance / Best Car Insurance Companies
Best Car Insurance Companies in India in 2026
It’s mandatory to insure your car as per Indian law. But before insuring your vehicle, you must decide which plan to purchase and from whom. The best car insurance plans are those that offer comprehensive coverage, top-notch customer service, and trouble-free claims settlement. And the best insurer should be digital-first. To help you choose the best car insurance in India, we have compiled a list of the best car insurance companies in India and shared other valuable information so that you can make an informed decision.
24 Companies Offering Best Car Insurance in India (2026)
Still thinking, which is the best insurance company for cars? If yes, then here is a list of all the IRDAI-approved car insurance companies ( 24 non-life insurers) in India offering the top rated insurance in India. Please note that the list of best car insurance in India is arranged in alphabetical order.
CAR INSURANCE COMPANY NAME (IN ALPHABETIC ORDER) | YEAR OF INCEPTION | LOCATION (CORPORATE OFFICE) |
|---|---|---|
ACKO General Insurance Ltd. | 2016 | Bangalore |
Bajaj Allianz General Insurance Co. Ltd. | 2001 | Pune |
Cholamandalam MS General Insurance Co. Ltd. | 2001 | Chennai |
Future Generali India Insurance Co. Ltd. | 2007 | Mumbai |
Go Digit General Insurance Ltd. | 2016 | Bangalore |
HDFC ERGO General Insurance Co. Ltd. | 2002 | Mumbai |
ICICI LOMBARD General Insurance Co. Ltd. | 2001 | Mumbai |
IFFCO TOKIO General Insurance Co. Ltd. | 2000 | Gurugram |
Kotak Mahindra General Insurance Co. Ltd. | 2015 | Mumbai |
Liberty General Insurance Ltd. | 2013 | Mumbai |
Magma HDI General Insurance Co. Ltd. | 2009 | Kolkata |
National Insurance Co. Ltd. | 1906 | Kolkata |
Navi General Insurance Ltd. | 2016 | Mumbai |
Raheja QBE General Insurance Co. Ltd. | 2007 | Mumbai |
Reliance General Insurance Co. Ltd. | 2000 | Mumbai |
Royal Sundaram General Insurance Co. Ltd. | 2001 | Chennai |
SBI General Insurance Co. Ltd. | 2009 | Mumbai |
Shriram General Insurance Co. Ltd. | 2006 | Jaipur |
Tata AIG General Insurance Co. Ltd. | 2001 | Mumbai |
The New India Assurance Co. Ltd. | 1919 | Mumbai |
The Oriental Insurance Co. Ltd. | 1947 | New Delhi |
United India Insurance Co. Ltd. | 1938 | Chennai |
Universal Sompo General Insurance Co. Ltd. | 2007 | Mumbai |
Zuno General Insurance Limited (Formerly Edelweiss General Insurance Co. Ltd.) | 2016 | Mumbai |
Please note that Bharti Axa General Insurance Company Limited merged with ICICI Lombard General Insurance Co. Ltd on September 2021.
How to Choose The Best Car Insurance Company in India?
The answer to which is the best car insurance company in India and the best car insurance in India may vary from person to person based on their requirements. Nonetheless, you can select the best vehicle insurance company in India using the parameters mentioned below.
Assess Your Car Insurance Needs
Before buying car insurance, assess the kind of coverage you require and your budget. Also, consider the Insured Declared Value (usually the current market value of your car) you would like to select. Based on this value, the insurance premium will be computed.
Check if the Company is Legitimate
While deciding best insurance companies, you need to check if the company is registered with the Insurance Regulatory and Development Authority of India (IRDAI) or not. IRDAI is the regulatory body for insurance providers in India and provides registration only for authentic insurance companies.
Look for the Add-Ons Available
Usually, you can choose add-ons with a Comprehensive Car Insurance Policy to enhance its coverage. There are different add-ons for various insurance requirements. So, before choosing an insurance company, make sure it offers your preferred add-ons based on your needs.
Check the Claim Settlement Ratio (CSR)
CSR is the ratio of the number of claims raised to the number of claims settled during a financial year. We recommend that you choose an insurer with a CSR above 90%.
Evaluate Speed of Claim Settlements
It is important to factor in the turnaround time for settling claims while selecting an insurance provider. Usually, the more time it takes for a claim to be settled, the longer it will take to restore your car to functioning condition. Thus, the shorter the claim settlement duration, the better. You can verify this by visiting the social media handles of the insurance company and checking out various customer reviews.
Look for their Cashless Garage Network
The top car insurance companies in India usually have a wide network of quality garages. So, check this while selecting a suitable car insurer. Also, ensure the company’s network garages are accessible to you so that in the unfortunate case of an accident, you can transport your car to a repair shop speedily.
Find out if they Offer Good Customer Service
Another feature of top vehicle insurance companies in India is a good customer service team. So, while choosing a car insurer, ensure they have a good customer care team that offers 24x7 service. That way, in case of any issues, you can easily contact them and troubleshoot your problems. You can go about this by checking reviews online or by asking for the reviews of friends or family members who are existing/previous customers of the insurer.
Compare Available Options Online
Another way to narrow down the best motor insurance company in India is to compare multiple insurers online. You can compare companies based on their price-to-coverage ratio and select the best vehicle insurance company in India.
Check the Type of Coverage Offered
You should review the type of coverage offered by the company to select the right coverage type that meets your requirements. For example, if you are looking for comprehensive coverage for your vehicle, the company should offer this type of coverage for your vehicle.
Evaluate the Insured Declared Value (IDV) Offered
The maximum IDV offered may differ from one insurance company to another. You should choose an insurer that offers a high IDV, as this is the maximum amount the insurer pays in the event the vehicle is damaged beyond repair or stolen.
Types of Car Insurance Policies in India
Once you know about the top car insurance companies in India, you should also know about their types. Primarily, there are three types of car insurance policies available for four-wheelers in India. Here’s an overview.
Third-party Car Insurance
As per the Motor Vehicles Act of 1988, car owners in India must possess this type of insurance policy while driving. It offers coverage against third-party liabilities like injury, death and property damage to a third party. Since it is government-mandated, you can easily buy third party car insurance online or offline from any registered car insurance company.
Standalone Own Damage (OD) Cover
This 4 wheeler insurance policy offers coverage against damages/loss that may occur to your car. Its coverage includes theft, damages due to a collision and damages that may result from natural or man-made disasters. Note that this does not include mandatory third-party coverage.
Comprehensive Car Insurance
A Comprehensive Car Insurance policy is a combination of the previously mentioned insurance policies. So, by buying it, you will get the legally mandatory Third-party Insurance and an Own Damage Cover, which covers damages to your vehicle. Since this policy has the broadest coverage of the three, we recommend buying it for your car.
Zero Depreciation Car Insurance
In addition to the coverages offered by Comprehensive Insurance, a Zero Depreciation policy also covers 100% of the price for car parts if a replacement is needed during repair. In other words, a Zero Depreciation policy will cover the depreciation costs for car parts and provide you with the highest possible claim amount.
Difference Between the Types of Car Insurance Policies in India
The following table highlights the key differences between the different car insurance policies in India.
COVERAGE | THIRD-PARTY INSURANCE | OWN DAMAGE COVER (STANDALONE) | COMPREHENSIVE |
|---|---|---|---|
Theft of four-wheeler | X | ✔ | ✔ |
Accident-related damage/loss to your car | X | ✔ | ✔ |
Damage caused by fire | X | ✔ | ✔ |
Damage/loss caused by natural calamities like cyclones, floods, earthquakes, etc. | X | ✔ | ✔ |
Damage/loss caused by man-made calamities like riots, strikes, vandalism, etc. | X | ✔ | ✔ |
Damage to the property or vehicle of a third party | ✔ | X | ✔ |
Accident-related injury or death occurring to a third party | ✔ | X | ✔ |
Personal Accident Cover (if opted for) | ✔ | ✔ | ✔ |
Minimum legal requirement to drive on Indian roads | ✔ | X | ✔ |
Add-on Covers offered by Best Car Insurance Companies
When choosing the best car insurance company, you should consider the add-on covers offered by them, as a wider range of add-on covers directly reflects how good the company is when it comes to coverage. Below are some of the add-ons that ACKO offers with its car insurance plans.
Compulsory Personal Accident (Owner-Driver)
Personal Accident Cover is mandatory by law along with the Third-party Insurance Plan. It covers (for you) both permanent disability and death while driving a car.
Roadside Assistance Cover
Get 24/7 emergency roadside help, including towing service when your car breaks down. If you're stuck on the road, simply call us, and we'll be happy to assist you.
No Claim Bonus (NCB) Protection
This add-on preserves your NCB discount even after filing a claim. You can make a claim while still enjoying up to 50% NCB discount on your next renewal.
Engine Protection Cover
ACKO will cover repair or replacement costs for damage to your engine, gearbox, and differential assembly caused by water ingression, hydrostatic lock, or coolant/lubricating oil leakage due to accidents.
Consumables Cover
Typically, items such as engine oil, lubricants, nuts, bolts, filters, brake fluid, and AC refrigerant aren't covered during claims. This add-on ensures these costs are included in your claim settlement under your Comprehensive Car Policy.
Compulsory Personal Accident (Owner-Driver)
Legally required alongside Third-party Insurance, this cover protects you against permanent disability or death while driving.
Personal Accident Cover for Passengers
Provides accident coverage for your passengers, offering up to ₹1 lakh per passenger for permanent disability or death.
Paid Driver Protection
Offers financial protection for your employed driver in case of serious injuries or death in an accident while working for you.
Return to Invoice Cover
Ensures you receive your car's full original purchase price in case of total loss or theft of the vehicle.
Key Replacement Cover
Covers the cost of replacing your car keys if they're lost, stolen, or damaged, saving you from unexpected expenses.
Electrical Accessories Cover
Protects electrical components like AC switches, headlights, odometers, and indicators.
Non-electrical Accessories Cover
Covers non-electrical parts such as the gearbox and window glass for up to 1 year.
Factors Affecting Premium of Car Insurance
Listed below are the factors that can affect the car insurance premium:
Age and Driving Experience: While offering a car insurance policy, insurers considers the age and driving history of the policyholder in order to assess the risk associated. In case the risk is higher, the car insurance premium will be higher.
Vehicle Type: Expensive or high-performance vehicles generally cost more to insure. For example, sedan cars are more expensive to insure.
Geographical Location: Urban areas with higher traffic and crime rates lead to higher premiums.
Coverage Type: The car insurance premium is also dependant on the coverage type. For instance, the premium is higher when you buy a Comprehensive Car Insurance as compared to other types such as Third-party and Standalone Own-damage Car Insurance.
Discounts: Car insurance premiums also vary depending on the available discounts. If the policyholder has accumulated No Claim Bonus (NCB), then the car insurance premium will be lower.
How to Buy the Best Car Insurance Policy Online from ACKO
Here are the steps to buy the best car insurance policy online from ACKO.
Step 1: Download the ACKO app or go to the top of this page.
Step 2: Enter your car’s number and view available insurance plans.
Step 3: Select the best pan for our car and buy instantly online.
Benefits of Buying ACKO Car Insurance
Some of the reasons why you should choose to buy a car insurance policy with ACKO are as follows:
Incredibly Low Premiums: ACKO’s car insurance policies come with incredibly low premiums starting at ₹2094* and offer extensive coverage.
Zero Paperwork: You will enjoy an entirely digital process from buying or renewing your car insurance policy to making claims, which involves zero paperwork.
Instant Claim Settlement: ACKO offers quick claims settlement for all repairs, including instant settlement for minor claims
Cashless Garages: Enjoy easy, quick, and convenient cashless repairs at our network of over 4000 cashless garages across India.
Unlimited Number of Claims: ACKO’s car insurance policy will allow you to file as many claims as you want during the policy period without any restriction.
Pick and Drop Facility: Avail our vehicle pick-up and drop-off service and enjoy an effortless claims and repair process.
Frequently Asked Questions about Best Car Insurance Companies in India
Best Car Insurance FAQs
The following are some of the commonly asked questions regarding the best car insurance companies in India.
How to choose the best car insurance company in India?
Some of the ways in which you can select the best car insurance company in India are by assessing your car insurance coverage needs, checking the insurer’s claim settlement ratio, finding the availability of network garages, etc.
Which type is best car insurance in India?
The best type of car insurance in India is Comprehensive Car Insurance.
Which car insurance is best in India?
An insurance policy that provides comprehensive coverage at a low premium is considered the best insurance plan. You can opt for any insurance company that provides such a plan.
What car insurance should I get in India?
It is recommended to get a Comprehensive Car Insurance Plan for your car as it provides third-party and own damage coverage.
Is ACKO car insurance reliable?
Yes, ACKO car insurance is reliable. ACKO is an IRDAI-licenced insurance company which provides online insurance coverage for cars and bikes. The company offers hassle-free buying, renewing and claim experience, which is completely online.
Which insurance is more important?
It is important to buy the law-mandated third-party insurance for your car. However, for better coverage, you can opt for Comprehensive car insurance, which provides third-party and own damage coverage.
How to find the best vehicle insurance company in India?
You can shortlist the best vehicle insurance company in India by looking up different insurers online and comparing them based on various criteria. Some criteria you can use to compare insurance companies are their credibility, policy coverages, pricing, the network of cashless garages, Claim Settlement Ratio (CSR), etc.
Which documents do I need to submit while buying car insurance?
Since ACKO is a 100% digital insurer, no physical documents are required while buying car insurance. To insure your vehicle instantly, you must provide details like your car’s registration number, make, model, year of manufacture, and claim history (if applicable).
How do insurance companies assess car damages?
Usually, insurance companies assess damages by employing an inspection surveyor who will inspect the severity of the damages and report back to the insurer. Based on this information, insurers will approve or reject claims requests for damages. If the claim is approved, the insurer will allocate funds toward the necessary repairs as per the policy’s terms and conditions.
Do car insurance companies work on weekends as well?
Usually, car insurance companies do not work on weekends; however, some do. Nevertheless, you can buy/renew a policy and raise a claim 24x7 over the insurer’s official website or app (like the ACKO app) or dedicated helpline number.
Is a background check done before offering car insurance?
A back-end background check might be a possibility before insurers offer car insurance. This is done to prevent fraud.
Is it possible to switch car insurance companies mid-policy term?
Yes, it is possible to switch car insurance companies mid-policy term. However, you might receive only partial or no reimbursement depending upon the number of months already covered. On the other hand, you can switch insurance policies duringcar insurance renewal for a seamless transition.
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Need More Help?
Have queries related to ACKO’s two wheeler insurance policy? Refer to our Policy Wordings for detailed information or reach out to us via email or phone using the information below
Email
Write to us at [email protected]
Phone
Please visit our support centre at https://www.acko.com/contact-us/ for any assistance
Nikhila PS
Senior Content Editor
Nikhila is a content creator with 6+ years in EdTech and motor insurance, turning complex policies into clear, engaging content. She enjoys exploring digital trends, social media, and art while planning her next short escape.
Rekhit Singh Kaushal
Senior Director - Motor Underwriting
Rekhit Singh Kaushal is Senior Director at ACKO, a leading digital motor insurance provider in India. With deep expertise in insurance strategy and innovation, he brings trusted insights on car and bike insurance to help drivers stay protected.
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