Motor Car Insurance in India is Mandatory and each car, bike and bus plying on the Indian roads has an insurance cover (at least a third party cover). To buy insurance for a car, one has to do a little bit of research to find out which insurer can give him /her the best cover required.

Best car insurance is not only about comparing and buying the cheapest car insurance but also about the other factors such as

1)      Network of garages across the country

2)      Online provision of issuing a policy both for new and renewals

3)      Testimonials from the customers on the company’s website.

4)      Payment options such as net banking, debit/credit card , cheque etc

5)      Online customer service availability  to answer queries raised by the customer

6)      History and process speed of clearing the claims

7)      Discounts available  etc

While we have mentioned some parameters, the top car insurers are also competing among themselves to be as informative, service friendly with their customers as possible to retain and gain new customers by running some special programmes such as” preferred customers” .This will help the customer and gives him/her wider choice of insurers to get the best insurance .

For the benefit of the customer we have listed some of the top insurers in india who have large number of satisfied customers. The top public and private insurers are

Public Insurers

1)      The Oriental insurance company

2)      The New India Assurance company

3)      The National Insurance company

4)      The United India Insurance company

All of the above mentioned companies have decades of experience in the motor Insurance Industry and also have a good reputation among the public. Prior to detariffing of motor insurance, the private insurers were reluctant to do only third party insurance which was unprofitable and were more interested to promote comprehensive policies. Only the above government companies were helping the customers with third party coverage when the customer wanted to buy only a third party cover.

Note unlike private insurers, government insurance companies do not have an overriding profit motive but also have a social responsibility aspect as well. So while they may not be that aggressive in acquiring customers or glitzy marketing, you can trust them much more than the private guys.

Private Insurers

1)      ICICI Lombard

2)      Bajaj Allianz

3)      TATA AIG

4)      Reliance General Insurance

5)      HDFC ERGO

6)      The Royal Sundaram

The above said are some of the top private insurers who have a very large base of satisfied customers.There are other insurers as well but we have named a few .By looking at these companies and their quotes,youe can be rest assured that he/she will get the best insurance.

The entry of private players has brought in itself more options to the customers with innovative ideas and practices which are customer friendly and avoid cumbersome processes. To name a few

Cashless facility

Some of the insurers have the garage tie ups when there is a claim and also extend a cashless facility where the customer can be relieved of going through the lengthy procedure of pay and claim. One can always look at this facility and if there are any garages nearby which are covered under the cashless facility.

Instalment Payment of premium

Some of the insurers offer interest free installment payment of premium if it is done through online mode.A customer can check if there is such kind of option available with the insurer. Ex ICICI Lombard

Saving Money through Online Purchase

Insurers are also promoting the online purchase of insurance policy for the new or renewal as this will be less of paper cost and also save a lot on the distribution costs, Manpower etc and are willing to pass on discounts to the customers. Hence online purchase of policy may come at a cheaper rate than the traditional way of buying insurance.

Summary

The advancement of technology, the growing usage of internet and with insurers tuning up themselves on these lines has brought many advantages to the customer. Information is available at the click of the button and all that is required is to take out some time and compare who can be the best insurer and which is the best insurance for his/her vehicle. This has also paved the way that the insurers coming out with lot of innovative ideas with an aim to retain their old customers and as well as gaining new ones. By and large today the customer is well informed and has the liberty to choose the best policy required for his/her favourite car.

Also Read about Different Car Insurance Products in India