Best Car Insurance Companies in India in 2023

Which company insurance is best for car?

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.

What is the necessity to purchase car insurance in India?

The following are some of the key reasons why car owners in India should consider purchasing four-wheeler insurance.

• Obtaining third-party car insurance is a legal requirement to drive in India.

• You can financially protect your car against theft, accident-related damages and damages caused by manmade or natural calamities.

• You can be protected against the financial repercussions of car accidents involving a third party or their property.

• As per Indian law, a Personal Accident (PA) Cover is a legal requirement to drive on Indian roads. However, it is technically not a car insurance policy. It provides financial compensation in the event of unfortunate disability or death to the insured due to a vehicle accident.

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.