List of Top 10 Car Insurance Companies in India - 2025
Nowadays, Car insurance is not just a legal requirement but also a safeguard for your car. Hence, it is important to look for the best car insurance companies in India to get reliable plans.
There are various leading car insurance companies in India. You can buy car insurance plans online from different insurers available as per your requirements. However, you should choose the right insurer to avail the coverage benefits for longer tenure. In order to help you choose the right one, here is a list of the top 10 private car insurance companies in India.
List of Top 10 Car Insurance Companies in India
| Car Insurance Company Name | Claim Settlement Ratio | Network Garages |
|---|---|---|
| HDFC ERGO | 88.22% | 7700+ |
| Universal Sompo | 90.72% | 3500+ |
| Future Generali | 94.29% | 3500+ |
| Raheja QBE | 92.63% | 1300+ |
| Go Digit | 90.72% | Repair Anywhere |
| IFFCO Tokio | 89.09% | 4300+ |
| Liberty | 90.10% | 4500+ |
| ICICI Lombard | 85.45% | 12000+ |
| SBI | 90.15% | 16000+ |
| Royal Sundaram | 91.56% | 3300+ |
1. HDFC ERGO
- Founded In: 2002
- Claim Settlement Ratio: 88.22%
- Network Garages: 8200
HDFC ERGO Car Insurance is one of the best car insurance companies in India. Their plans are made to fit what every driver needs. You can get wide coverage for your own car and for others in case of damage. It also offers extra features like full value coverage without depreciation, engine protection, etc.
2. Universal Sompo
- Founded In: 2007
- Claim Settlement Ratio: 90.72%
- Network Garages: 3500
Universal Sompo offers tailor-made car insurance which covers all possible risks of your car like accidents, theft and natural disasters. They provide easy claim settlement and add-on covers to enhance your coverage everything from the basics to a more complete cover.
3. Future Generali
- Founded In: 2006
- Claim Settlement Ratio: 94.29%
- Network Garages: 3500
Future Generali provides easy-to-use car insurance with many extra options to choose from. They protect against damage and loss, and even cover accidents involving drivers and passengers to make driving safer.
4. Raheja QBE
- Founded In: 2002
- Claim Settlement Ratio: 92.63%
- Network Garages: 1000
Raheja QBE provides affordable yet reliable car insurance, covering damage to others or more complete policies for yourself too. They handle claims quickly, which helps if you need quick support after an accident.
5. Go Digit
- Founded In: 2016
- Claim Settlement Ratio: 90.72%
- Network Garages: Repair Anywhere
Go Digit provides hassle-free car insurance with their technology-driven system which fast tracks issuing policies and settling claims through their app. Their aim is to make insurance simple, easier for customers to understand and use, cutting down on delays in paperwork or waiting.
6. IFFCO Tokio
- Founded In: 2000
- Claim Settlement Ratio: 89.09%
- Network Garages: 4300
IFFCO Tokio offers many car insurance options, from basic to comprehensive coverage. They add extra services like roadside help and full coverage without depreciation, giving you peace of mind and thorough protection.
7. Liberty Insurance
- Founded In: 2013
- Claim Settlement Ratio: 90.10%
- Network Garages: 4500
Liberty General Insurance offers customised car insurance policy that gives added protection to cars against physical damage, theft and other financial losses arising out of accidents or any other mishap.
8. ICICI Lombard
- Founded In: 2001
- Claim Settlement Ratio: 85.45%
- Network Garages: 5900
ICICI Lombard is known for their complete car insurance coverage i.e. third party liability as well as damage to your own car. They offer different add-ons such as roadside assistance and a garage network where you do not have to make cash payment upfront, which makes the repair process easier.
9. State Bank of India (SBI)
- Founded In: 2009
- Claim Settlement Ratio: 90.15%
- Network Garages: 16000
SBI car insurance provides wide coverages, such as accidental damages, thefts, and liability to others. They aim to deal with claims smoothly and provide more coverage for better protection.
10. Royal Sundaram
- Founded In: 2000
- Claim Settlement Ratio: 91.56%
- Network Garages: 3300
The Royal Sundaram provides extensive protection plans on car insurance, makes easy filing of claims, and provides an opportunity to make it more personal by adding other options, giving you the best possible financial security when driving.
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How to Choose the Best Car Insurance Companies in India
- Analyze Your Car Needs: Think about what your car really needs. Is it new or old? Does it travel long distances or just short trips? Understanding this will help you decide the type of insurance and coverage level you need.
- Review Add-on Covers: Look at extra options you can add to your insurance, like roadside assistance if your car breaks down, or zero depreciation for newer cars. These add-ons can give you more protection but will cost a bit more.
- Cashless Garage Network: Check if the insurance company has a lot of garages where they pay the garage directly for repairs. This is very convenient because you won’t have to pay a lot of money upfront and wait to be reimbursed.
- Customer Reviews: Read what other customers say about their experience with the insurance company. Happy customers usually mean good service, especially when it comes to handling claims and customer support.
- Claim Settlement Ratio: This number shows how many insurance claims a company has paid out compared to how many were filed. A higher ratio means the company is more likely to pay out your claim without problems.
Conclusion
As you look for car insurance, remember that the best company for you is the one that fits your needs and what you care about the most. Doing your homework, making smart choices, and staying in touch with your insurance provider will help you have a good experience. By getting the right insurance, you protect your car and make sure you have peace of mind while driving in India.
Which company is best for car insurance in India?
Future Generali is the best car insurance company in India according to their claim settlement ratio. Their good service makes them a popular choice for car owners.
Which insurance is best for a car?
Comprehensive car insurance is the best for cars because it covers damage to your car, theft, and third-party liabilities. It gives full protection for your car and peace of mind.
Who are the top 3 insurance companies in India?
The top 3 car insurance companies in India according to claim settlement ratios are Future Generali, Raheja QBE and Royal Sundaram. They are known for giving good service to their customers.
Who gives the best car insurance?
Square Insurance is the best for car insurance. You can compare, buy, and renew your policy easily in one place. Their simple process makes it very convenient for car owners.
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