Car insurance in india, Top 5 car insurance companies

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car insurance –   

People try to buy the best car, but they are careless in getting the car insured. However, auto insurance not only covers you financially, but also saves you from various types of legal troubles. In this article, we will know why auto insurance is necessary and what are its benefits. First of all, we will know that how many types of vehicle insurance are vehicle insurance?

Car insurance provides the necessary financial cover to your car against various types of damages, theft, third party liability. We all are aware of the fact that in India, if we drive a car without a vehicle insurance plan, we may have to pay a fine for it. Car insurance is beneficial and offers useful features which definitely help in times of need.

It will also provide the necessary cover against all financial liability that results in injury or death of a third party or damage to property.
Personal accident will also come under various car insurances.
How many types of car insurance policies are there in India?
In India, car insurance is basically classified into two different forms which include:

Third Party Insurance:
Third party insurance has been considered essential under the Motor Vehicles Act. Third party insurance covers damage caused to third party or accidental injury, loss of property of third person etc. Under this cover, you will not have to bear any kind of expenses, all the expenses will be borne by the insurance company.

Comprehensive coverage:
Comprehensive cover is the most effective form of car insurance. Under this, not only do you get third party cover, but you also get complete cover for the insured vehicle. It provides cover for the insured car and third party liability as well as maximum expenses.

Add-on Covers Available with Digit Car Insurance –

Our car insurance add-ons, which you can buy with your car insurance policy!

Zero Depreciation Add-on Cover
Ideal for cars less than 5 years old, this add-on cover allows you to cover not only your car at the time of claim but also depreciation up to the amount spent on repair, maintenance or replacement of car parts, i.e. NIL By doing so, pays full price.

‘Return to Invoice’ add-on
The ‘Return to Invoice’ add-on gives you a benefit equivalent to the amount mentioned in the car bill, in case of theft or non-recovery of the car, which also includes the registration amount of the new vehicle and road tax.

Engine and gearbox protection cover
Generally, damage to the engine or gearbox is not covered by the cover unless it is caused by an accident. Therefore, if you need cover for this type of damage under all circumstances, be sure to get the Engine and Gearbox Protection add-on.

tire protection cover
Damage to a tire is generally not covered by any normal car insurance – unless it happened during an accident. The Per Digit Tire Protection Cover add-on gives you protection and cover in all possible circumstances against common tire damages such as burst, sprains or cuts.

breakdown aid cover
With our breakdown assistance add-on, you can feel free to ask for help when you need it – such as a car breakdown etc. The best part is that it will not even be counted in the claim.

consumable cover
A consumable cover gives your car an extra layer of protection. It covers all your minor car expenses like engine oil, screwdriver, nuts and bolts, grease etc in case of an accident.

car passenger cover
It helps you in meeting any damage caused to the person sitting with you in the passenger seat during an emergency or accident. However, we would like this to never happen.

Importance of car insurance in India –

‘Nimbu Mirchi’ can save you from ‘evil eye’ but not from unexpected and impossible events. Insurance was made for this. Here are some examples where car insurance can come in handy.

Car insurance is the best way to financially protect you and your car. Suppose you have a 1 year old hatchback whose Insured Declared Value (IDV) is Rs. 4,00,000 is. But the sad thing is, you don’t have car insurance. If your car is in a “moderate impact” accident, the estimated cost to you is the following:

Top insurance companies in india

ICICI Lombard Motor Insurance –

ICICI Lombard General Insurance Company is one of the largest general insurance companies in the Indian insurance market and the car insurance plans offered by it are the best in comparison to other companies. If ever there is any damage to your personal vehicle due to an accident or any other car, then in such a situation, the insurance company will take care of it.

TATA AIG Car Insurance –

It is touted as the second best car insurance company in India as its policies include features like free pickup of the car within a week, Online Claim & Settlement. Those who keep its Auto Secure Policy, they are its Accidental

Bharti AXA Car Insurance –

Bharti AXA Company is also considered very good for doing car insurance and it has made a lot of progress in the last few years. In case of Claim Settlement Bharti AXA Company also.

HDFC Ergo General Insurance Company –

Friends, whether you are looking for Car Insurance, Health Insurance, or Travel Insurance, HDFC Ergo General

Bajaj Allianz Car Insurance –

Bajaj Allianz Company has garages in total 1500 locations in India where free services are provided. It not only protects Car Owners from any Car Damage in India, but it also has many foreign customers, to whom it provides protection. Bajaj Allianz provides protection against natural calamities like floods, earthquakes, etc. and man-made thefts, strikes, riots etc., apart from providing cover against any terrorist activity.

United India Insurance Company Ltd – 

Incorporated in the year 1938, United India Insurance Company Ltd. is a nationalised, government-owned insurance company. They offer insurance for private cars, two-wheelers, and commercial vehicles. They offer several car insurance plans. Customers can even customise these plans to suit their requirements. They are known for treating their customers right, their discount policy is a proof for this. Customers can also claim No Claim Bonus from 20% to 50% depending on the number of claim-free years. They also offer automobile association membership discount, discount for anti-theft devices, and discount on use of vehicles within insured’s premises.

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