Car insurance companies in india

What is car insurance?

Car insurance is a contract between an auto insurer and the insured (you). It protects you against financial losses that result from bodily injury or property damage that occurs to your car. Car insurance is mandatory in many states and provinces, and it can be purchased through several different companies. You may choose a company based on its reputation for providing competitive rates, customer service and claims handling.

Car insurance companies in india

Car insurance companies in India are regulated by the Ministry of Road Transport and Highways (MoRTH) and the Insurance Regulatory and Development Authority (IRDAI). The government has set up an auto compensation fund (ACF), which will ensure that car owners get full compensation if their vehicle is stolen or damaged.

The state governments have also set up their own compounding centres, where drivers can go to get their claims processed. Most of these centres are run under the supervision of the state transport departments.

Most insurance companies offer a variety of options for car owners to choose from, such as:

1. Comprehensive cover: This option is suitable for those who have only one car and need to pay extra for third-party liability cover. It covers damage caused due to accidental collision with any person or property, including animals.
2. Third-party liability cover: This option is suitable for those who have more than one car, since it covers damage caused by an accident involving another vehicle on your premises or roadways.
3. Property damage: This option covers damage to other people's cars that you hit while driving on roads outside your premises. It also covers accidents caused by hitting pedestrians or animals while driving outside your premises

Best car insurance companies in india

There are many car insurance companies in India. They are all registered with the Insurance Regulatory and Development Authority (IRDA). The best car insurance companies in India are:

• AICL-Allianz General Insurance Company Ltd.
• Bajaj Allianz General Insurance Co Limited
• LIC General Insurance Company Limited (IGI)
• The New India Assurance Company Limited (NIA)
• Croma Royal General Insurance Company Limited (CRGIC)
• Royal Sundaram General Insurance Company Limited (RSGI)
• Punjab National Bank General Insurance Company Limited (PNB GIC)
• Tata AIG General Insurance Company Limited
• Reliance General Car Insurance