Looking for which auto insurance is best in India? Don’t look far away! India is home to some of the car insurance providers that are both affordable and cover almost every aspect of your car’s safety. You can explore the top 10 Car insurance companies in India by simply using a quick internet surf. They provide extensive coverage, benefits, and customized services to better serve the various needs of their clients. Millions of customers trust them as they have the best car insurance claim settlement ratio.
Top 10 Car Insurance Claim Settlement Ratio 2025
Auto insurance assists you in reducing the financial burden that may result from an unfavourable incident involving your vehicle, such as a collision, fire, theft, natural disaster, etc. According to the Indian Motor Tariff, every automobile owner is legally required to obtain at least third-party auto insurance coverage to operate their vehicle on Indian highways.
The best way to safeguard your vehicle is to find a company with the best car insurance claim settlement ratio. Check out the top 10 Car Insurance Claim Settlement Ratio in India you can trust for your car’s safety.
| Top 10 Car Insurance Companies in India | Best Car Insurance Claim Settlement Ratio | Network Garages |
| SBI Car Insurance | 100.00% | 16,000+ |
| HDFC ERGO Car Insurance | 98.80% | Repair anywhere |
| Royal Sundaram Car Insurance | 98.60% | 3,300+ |
| Bajaj Allianz Car Insurance | 98.50% | 4,000+ |
| Reliance Car Insurance | 98.00% | 8,200+ |
| Liberty Car Insurance | 98.00% | 4,500+ |
| Kotak Mahindra Car Insurance | 98.00% | 2,327+ |
| Zuno Car Insurance | 98.00% | 1,500+ |
| Magma HDI Car Insurance | 97.10% | 4,000+ |
| Future Generali Car Insurance | 96.30% | 3,500+ |
Which Auto Insurance is best in India?
The top 10 Car Insurance Companies in India offer many variations of auto insurance plans to provide comprehensive services according to the various needs of clients with affordable rates.
Insurance for Third-Party Liability (TP)
This is mandatory in India and extends to any injury or property damage your car might cause to a third party.
Extensive Coverage
This provides more comprehensive coverage, which includes third-party liability, theft, fire, natural disasters, and collisions for your car.
Individual Own-Damage Auto Insurance
It is a policy only covering damages in case of a car accident, natural disaster, fire or explosion, theft, riot, etc. You are required to have third-party auto insurance to align with the law. You may choose your own damage and third-party coverage as well from several insurance companies having a standalone own-damage auto insurance package.
Claims are based on the terms and conditions of the auto insurance policy.
How Can I File a Claim for Auto Insurance?
The following processes ensure a hassle-free claim for your car insurance.
• Quick Contact: This involves making contact with the insurer within 48 hours after your car theft or accident
• Third-Party Theft/Damage: Inform the police by submitting an FIR of any third-party damage or theft.
• Submission of Documents: The documents that need to be submitted include a copy of the FIR, the claim form, and the policy information.
• Surveyor’s Assessment: The insurance company will select a surveyor to assess the level of damages and validate the claim.
• Repair Procedure: If necessary, your vehicle will be transported to a garage for repairs. If the garage is in the network, then cashless service can be provided.
• Cashless Service: If your vehicle is under repair at a network garage, cashless service will be provided.
• Theft Scenario: In case of theft, you will receive the insured declared value after the submission of a non-traceable police report.
HDFC ERGO Car Insurance
HDFC ERGO Car Insurance Company is a 51:49 joint venture between ERGO International AG, the main insurance company of Munich Re Group, based in Germany, and Housing Development Finance Corporation Ltd. (HDFC) Ltd., India’s leading housing finance institution.
In the retail sector, HDFC ERGO car insurance provides the Best Car Insurance Claim Settlement Ratio of 98.8%.
HDFC Ergo Car Insurance Policy Highlights:
| Features | Specializations |
| Third-Party Cover | Up to Rs.7.5 lakh |
| Cashless Network Garages | More than 5,800 |
| Incurred Claim Ratio* | 84.37% |
| Net Earned Premium* | 1516.87 |
| Covers Provided | Loss of Use/Down Time Protection,
Zero Depreciation Cover Engine and Gear Box Protection Cover No Claim Bonus Protection Cost of Consumable Items Emergency Assistance Service Programme Return to Invoice, Key Replacement Cover |
Conclusion
Which Auto Insurance is best in India is a question that most car buyers ask on the internet.
The list of top 10 car insurance companies in India for 2025 given above might not be enough to help you narrow down the best option. You need to compare the Best Car Insurance Claim Settlement Ratio to get the best possible deal.
It is at the at least third-party liability insurance wherein a complete auto insurance policy covers for third-party liability, property damage, and medical expenses. In minimum, it is already the requirement for car owners to avail of third-party liability insurance, but some purchase it to increase their level of protection. Through your premium payment, the insurance provider promises to pay for theft losses and unintentional damages.
To guard against any unintentional losses, think about purchasing a policy with the best car insurance claim settlement ratio.
