Most Indians ask which insurance is best for car in India when purchasing a new one. The top 10 best car insurance companies in India. The top 10 best car insurance company in India provide online auto insurance with a range of advantages to meet the needs of different people. You have to choose a company before purchasing auto insurance. These leading auto insurance providers can assist you in selecting the plan that best meets your requirements.
Some of the best car insurance companies are TATA AIG Car Insurance, ICICI Lombard Car Insurance, SBI Car Insurance, HDFC Ergo Car Insurance, and more.
Top 10 Best Car Insurance Company in India 2025
The top 10 best car insurance company in India providers in India are listed here, along with information about their claim statement ratios and network garage counts.
| Car Insurance Company | Network Garages | Claim Settlement Ratio |
| Bajaj Allianz Car Insurance | 4000 | 98.5% |
| Chola MS Car Insurance | 8300 | 96% |
| Digit Car Insurance | Repair Anywhere | 96% |
| Future Generali Car Insurance | 3500 | 96.3% |
| HDFC ERGO Car Insurance | 8200 | 99% |
| ICICI Lombard Car Insurance | 5900 | 96.75% |
| IFFCO Tokio Car Insurance | 4300 | 95.8% |
| Liberty Car Insurance | 4500 | 98% |
| Magma HDI | 4000 | 96.6% |
| National Car Insurance | 3100 | 93% |
Factors to consider to choose which insurance is best for car in India?
You should evaluate several auto insurance providers online to understand which insurance is best for car in India using the following standards before purchasing a policy:
- Examine Your Needs for Auto Insurance: When choosing which insurance is best for car in India, it’s critical to comprehend your coverage needs. Choose a motor insurance policy that best meets your needs after determining your budget and the kind and extent of coverage you desire. SBI Car Insurance provides the best coverage.
- The reputation of the insurer: An auto insurance company’s IRDAI registration number and financial stability can be assessed by looking at its yearly records and solvency ratios, which will guarantee prompt and efficient claim settlements. HDFC Ergo Car Insurance has the best insolvency ratio.
- Examine Add-on Covers: To supplement your basic coverage, it is usually advised that you take into account the optional coverage that comes with the top 10 best car insurance company in India. Zero Depreciation, Engine Protection, Consumables, RSA (Roadside Assistance), and other crucial add-ons are among them.
- Claim Settlement Ratio: You should also look at the auto insurance company’s incurred claim ratio (ICR) and claim settlement ratio (CSR). A favourable ICR can demonstrate effective premium control, and a higher CSR suggests a better possibility of your auto claims being resolved. To reduce the chance of a claim being denied, pick an insurer with a higher CSR and ICR. ICICI Lombard Car Insurance offers the best claim settlement record.
- Cashless Garage Network: Top 10 best car insurance company in India offer cashless garages that provide authorized auto repair facilities so that you can get your car fixed without having to pay cash. While choosing which insurance is best for car in India, make sure to choose one that has a wider network of garages and is located close to your home.
- Online Comparisons: You must evaluate the prices provided by several insurers for auto insurance before acquiring your policy. This will assist you in evaluating their add-ons, premium prices, and coverage scope. TATA AIG Car Insurance provides you with the most coverage possible without charging exorbitant premiums.
- Customer Reviews: The best way to find out which insurance is best for car in India is to look at customer reviews. These evaluations should cover things like customer service and support, perks offered, and convenience of purchase. When purchasing a policy, the majority of auto owners consult reviews of the top 10 best car insurance company in India.
Which Insurance is Best for Car?
As outlined below, the majority of auto insurance providers in India provide three basic policy types, each with varying degrees of coverage:
Third-Party Liability Auto Insurance:
- A policy that covers third-party liabilities of the policyholder resulting from unintentional physical harm, disability, death, or property damage to a third party. Any losses or damages incurred by the insured vehicle or its driver are not covered by this kind of insurance. It is crucial to remember that Indian traffic rules require a third-party auto insurance policy.
Comprehensive Auto Insurance:
- Comprehensive auto insurance coverage provides the highest level of protection by covering both personal and third-party obligations. By choosing add-ons, which are optional coverage offered by auto insurance providers at an extra cost, policyholders can further expand this coverage.
Independent Auto Insurance for Own Damage
- A stand-alone own-damage auto insurance policy solely covers the losses incurred by the insured vehicle as a result of theft, fire, natural disasters, accidents, and man-made disasters. Only a third-party auto insurance policy and a standalone OD coverage are available.
The following table illustrates how these three categories of auto insurance policies differ from one another:
| Coverage | Third-Party Liability Car Insurance | Standalone Own Damage Car Insurance | Comprehensive car Insurance |
| Third-Party Property Damages | Yes | No | Yes |
| Third-Party Vehicle Damages | Yes | No | Yes |
| Bodily injuries/disability/death of the third party | Yes | No | Yes |
| Loss/Damages to the insured car in an accident | No | Yes | Yes |
| Loss insured due to theft of the insured car | No | Yes | Yes |
| Loss/Damages to the insured car in a natural calamity | No | Yes | Yes |
| Loss/Damages to the insured car in a fire | No | Yes | Yes |
| Loss/Damages to the insured car in a manmade calamity | No | Yes | Yes |
| Personal Accident Cover (if opted) | Yes | Yes | Yes |
| Mandatory by the law | Yes | No | No |
| Zero depreciation cover (if opted) | No | Yes | Yes |
| Other Add-on covers | No | Yes | Yes |
Top 5 Car Insurance Policies of 2025
| S.No. | Best Car Insurance in India |
| 1 | Bajaj Allianz Car Insurance |
| 2 | ICICI Lombard Car Insurance |
| 3 | Cholamandalam MS Car Insurance |
| 4 | National Car Insurance |
| 5 | Edelweiss Car Insurance |
Factors to Consider While Choosing a Car Insurance
- Market Research
- Fuel to be Used
- Type of Coverage
- Third-party Insurance
- Estimations and Quotes
Conclusion
While choosing from the top 10 best car insurance company in India, keep an eye on factors mentioned above to ensure the best deal for your car. Some of the top options you can explore are SBI Car Insurance, HDFC Ergo Car Insurance, TATA AIG Car Insurance, ICICI Lombard Car Insurance, and many more. There are many other options available, so choose wisely before investing.
