Which is the best car insurance company in India?

Which is the best car insurance company in India?

There are a number of good car insurance providers in India, offering various types of policies based on consumer needs. Choosing optimum car insurance will always vary from person to person depending on the following:

• Requirement

The IRDA has mandated every car to be insured along with third-party liability coverage, but it is in the owner’s power to determine the extent of the coverage, whether to opt for third-party coverage alone or avail a comprehensive policy, based on his/her requirements.

• Affordability

One can compare and avail the best policy with respect to his or her financial situation and how much he or she can afford for the premiums.

• Benefits

When availing any policy, one would seek for added advantages like discounted premiums or bonuses etc. Depending on the benefits offered, one could choose the optimum policy.

• Need of Add-ons

Insurers provide a variety of add-ons, depending on which one could decide on which insurance to avail.

Below listed are just five of the best car insurers in India:

• ICICI Lombard GIC Ltd.
• United India Insurance Company Ltd.
• HDFC ERGO General Insurance Company Ltd.
• Tata AIG General Insurance Company Limited
• Oriental Insurance Company Ltd.

It is always advisable for one to compare different policies and insurers, according to one’s own requirements before making a decision.