Insurance is like a spare tyre. You may not require it, but not having one is not an option.

Top 5 Car Insurance Companies In India 2019

Car Insurance
  • Get both third-party cover and comprehensive cover
  • Choose from a variety of zero depreciation and roadside assistance covers
  • 3100+ cashless garages

The new year has dawned. New year is the time people make life-changing resolutions and a wishlist to fulfill in 2019. If buying a car is in your wishlist this year, it is important to know more about car insurance and leading car insurance companies in India apart from knowing the best cars plying the Indian roads. Buying a car insurance is not a choice but a legal obligation you should abide by. Under the Indian Motor Act, it is mandatory for every car owner to have a valid third-party car insurance.

While buying a car insurance make sure you buy the most comprehensive one. While many car insurance providers offer basic car insurance plans, it is wise to choose a car insurance that not only covers the damages made to your vehicle or the damages caused by you to a third-party, but to choose a car insurance plan that covers the loss or damage caused to your car by natural or man-made calamities. Most of the car insurance plans available in the market can be customised to suits one’s requirements. Choose your add-ons wisely and make sure your set of wheels has the best protection. While you are researching about the best cars available in the market, we have listed the top 5 car insurance companies in India in 2019. In no particular order, take a look at the most reputable car insurance companies:

ICICI Lombard GIC Ltd:

ICICI Bank Limited joined hands with Fairfax Financial Holdings Limited and launched ICICI Lombard GIC Ltd. With more than 3,500 network garages across the country, ICICI car insurance policy covers loss or damage to your vehicle against natural calamities, loss or damage to your vehicle against man-made calamities, personal accident cover, and third-party legal liability. From emergency battery jump start service and towing to minor repairs and fixing a flat tyre, ICICI Lombard GIC Ltd. offers it all. Also known for their simple, hassle-free claim procedure, ICICI Car Insurance is one of the leading car insurance companies in the year 2019.

HDFC ERGO General Insurance Company Ltd:

The union of HDFC Ltd., India’s premier Housing Finance Institution and ERGO International AG gave birth to HDFC ERGO General Insurance Company Ltd. Whether you are looking for motor insurance, health insurance, or travel insurance, HDFC ERGO General Insurance Company Ltd. offers it all. They offer private car insurance, two-wheeler insurance, liability-only policy, and commercial vehicles insurance. As an HDFC ERGO insurance customer, you can enjoy cashless claim service at more than 3,400 authorised garages in the country. Some of the benefits of buying car insurance from HDFC ERGO General Insurance Company Ltd. include 24 hours approval time, online purchase option, customer service for any queries on motor insurance, and transparent claim settlement process. HDFC ERGO Motor Insurance policy covers own damage to the vehicle caused by external means, fire, terrorism, natural calamities, man-made calamities, depreciation, personal accident cover, and third-party legal liability.

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.

The Oriental Insurance Company Ltd:

The Oriental Insurance Company Ltd. was incorporated in the year 1947. Car insurance offered by them covers accidental damages, third-party liabilities, and come with various add-ons. With 1 year insurance coverage period, The Oriental Insurance Company Ltd. offers extra coverages like nil depreciation cover, loss of personal effects, alternative car benefits, and free emergency benefit services. You can know more about this car insurance policy by visiting their website. You can also buy or renew your car insurance policy online.

Tata AIG General Insurance Company Limited:

In the year 2000, Tata Group and American International Group (AIG) formed Tata AIG General Insurance Company Limited. The company offers various services like health insurance, travel insurance, and motor insurance. Car insurance offered by Tata AIG General Insurance Company Limited is known for enhanced protection through their well-designed add-on covers, cashless claims or direct settlement at garages, no claim bonus, and roadside assistance. Customers can choose from their 12 unique add-on covers to personalise their car insurance plan that suits their requirements.

Let 2019 be the year you choose the best car insurance provider for your dream car. Get a comprehensive car insurance plan today and stay secure.


  • In Case You Missed It....

    How Much Do You Know About India’s New Traffic Rules?

    The Lok Sabha recently approved an amendment to the Motor Vehicles Act, 1988, which is essentially the Bible of road rules in India. This proposal is expected to improve the safety of commuters on the roads, and is referred to as the Motor Vehicles (Amendment) Bill 2016. The changes include increase in fines for traffic violations, automated testing for obtaining driving licenses, encouragement for commuters for assisting accident victims, and comprehensive road safety rules. These changes could reduce the casualties of road accidents by up to 50% by the year 2020.

    This article elaborates on the highlights of the Bill and the revised penalties for traffic offenses. It also provides an overview of the basic road rules that should be followed in the country.

News About Car Insurance Companies In India

  • Tata Hornbill Micro-SUV Concept to Debut this Year

    The demand for cars with body design lines inspired by SUVs has been ever rising in India. This has led to the automakers in to making compact and sub-compact vehicles and eventually trickling them down to the next segment. The crossovers are the result of this craze, the Mahindra KUV100 being the first hatchback with the design line of a SUV.

    The Tata Hornbill is going to be the next entrant from the house of Tata Motors in the same segment. The micro-SUV, the Tata Hornbill, is expected to be launched in India in India in 2019 itself. Some reports suggest that the concept version of the car will be showcased at the upcoming Geneva Motor Show which is set to be held in the month of March 2019. The final production version of the car can be expected to be showcased at the 2020 Auto Expo in India. The car will be placed under the Tata Nexon in the product line-up of Tata. The car can be expected to get a BS-VI compliant, 1.2-litre, Revotron engine from Tata Motors with the transmission option of a 5-speed manual, as well as, a 5-speed AMT unit. The Hornbill will be a direct competition for the Mahindra KUV100 and the upcoming Maruti Suzuki Concept Future S. The car can be expected to be priced between Rs.5 lakh to Rs.7 lakh.

     

    16 February 2019

  • Honda Sales in January is Industry Best with 23% Growth 

    Honda Cars India Ltd. had a monthly sales figure of 18,261 units in the month of January, which is a growth of 23%. In 2018, in the corresponding month, this figure was 14,838 units. In January, there were also 200 units that were exported. During the April 2018 to January 2019 time period, the 153,058 units were sold with a cumulative growth of 5.7%. In the corresponding period of the previous year, this sales figure was 144,802 units. Senior management of HCIL hopes to see an increase in sales figures with the Union Budget giving additional benefits in terms of direct taxes. The increase in sales was attributed to support from dealers as well as aggressive marketing strategies, especially in Tier 2 and 3 markets. The product range currently includes Honda City, Honda Amaze, Honda Jazz, Honda Brio, Honda CR-V, Honda WR-V, and Honda BR-V. The Accord Hybrid is being imported from Thailand as a completely built unit.

     

    15 February 2019

  • Tata Motors Reveals Details of New Car Launch

    Following the launch of the highly anticipate Tata Harrier, the car makers have revealed new information about a hatchback that is likely to be launched in the next 6 months. The new hatchback has been codenamed X451 and will be based on the 45X concept.

    Tata Motors has revealed that the car will be unveiled at the upcoming Auto Expo and is likely to compete with the likes of the Honda Jazz and the Hyundai i20. The car will be the first of Tata’s offerings that will use the all-new Advanced Modular Platform (AMP). Furthermore, the car is likely to have the same engine options as the Nexon.

    The X451 has already been spotted testing and despite some similarities in external structure to the Indica, the premium hatchback is likely to have a number of high-end features and equipment.

    9 February 2019

  • Some More Performance Cars to be Manufactured by Toyota

    The new Supra was unveiled by Toyota at the Detroit Motor Show recently, and the sportscar was co-developed by Gazoo Racing – the performance division of the company in collaboration with BMW. The Supra seemed like just the start, and the company is now planning to launch a whole range of performance cars under the GR nameplate. No specific models have been announced by the company as yet, but word on the street is that the GT86, the Corolla hatchbacks, and the Yaris are expected to be the contenders. The Yaris has attracted speculation because of its use in the World Rally Cross, and the Corolla hatchbacks are expected to compete with the Volkswagen Golf GTi and the Honda Civic Type R in Europe.

     

    8 February 2019

  • “People’s Car” to be discontinued by Tata Motors 

    Having gained popularity as the “People’s Car”, the Tata Nano will soon be discontinued, according to an announcement by Tata Motors. The company revealed that the Nano will no longer be produced and that sales will end from April next year. Tata Motors also went to state that new emission and safety rules in addition to poor sales contributed towards the company’s decision to discontinue sales of the most affordable car in the world. It was confirmed by Tata Motors that the car, which has been around for 10 years, “in its present form cannot continue production beyond 2019”. Reports emerged last year about the company’s plans to discontinue the vehicle because of decreasing sales. Ratan Tata, the then CEO of Tata Motors, was said to be ambitious about the Lakhtakia Gaadi, saying that the main idea behind launching the car was to cater to families that travel on two-wheelers, and the Tata Nano was supposed to replace their scooters and bikes. Released in 2009, the Tata Nano was priced at a little over Rs.1 lakh, but will no longer be available to customers come 2020.

    3 February 2019

  • Tata 45X-based Hatchback to beLlaunched in India by June 2019 

    Tata Motors has recently launched the much-anticipated SUV, the Tata Harrier in India. In the meantime, the news about the 45X-based hatchback has started doing the rounds. Sources are of the opinion that the production version of the 45X concept hatchback will be launched by June 2019. The automaker has not revealed any details pertaining to the vehicle. However, the production spec car has been spotted testing with heavy camouflage wraps and that gives an idea about the external features of the car which will be offered.

    The upcoming car is expected to feature the new IMPACT 2.0 design philosophy which made its first appearance in the Harrier. The spied car shows a honeycomb mesh grille and side-swept headlamps which are similar to the concept model. The sideline of the vehicle looks very much similar to the concept model with a swooping roofline and 16-inch alloy units. On the rear end, the car gets a set of wraparound tail lamps, a heavily raked windshield, rear wipers, and a lip spoiler. The production spec of the car is expected to share the mill from the Tata Nexon. The Nexon is available in 2 trims – a petrol trim powered by a 1.2-litre turbo petrol engine and a diesel trim powered by a 1.5-litre diesel engine.

    2 February 2019

  • Tata Set to Unveil E-Car Based on Alpha Architecture 

    Tata Motors is all set to launch an electric car based on the new platform developed by the company. Named the Alpha platform, this is first car part of the long-term plan to become future ready. Tata had earlier launched the Tata Harrier, a highly anticipated sports utility vehicle that has been based on the Omega architecture of the company.

    The price of the vehicle starts at Rs.12.69 lakh and can go up to Rs.16.25 lakh. It is expected that the new e-car will resemble the EVision sedan with the car being based on the Alpha architecture. It is expected that the Alpha will be battery electric protected. This provides the option to develop other power trains like electric and hybrid.

    The new architecture will give the option to place the battery of the car on the floor of the vehicle. This will help give a better riding experience and improved handling quality. The move from Tata comes at the time the government is looking for a solution to lower the level of dependence of fossil fuels. The Alpha, along with Omega represent the new future line-up of models to be launched by Tata.

    30 January 2019

  • First New-Gen Toyota Supra Sells at Nearly Rs.15 Crore 

    The first ever A90 GR Supra which is better known as the new-gen Toyota Supra has been sold at an auction in the United States for almost $2.1 million or nearly Rs.15 crore. The car was sold at the Barrett-Jackson auction in Scottsdale, Arizona. The proceeds from the auction will be going to a charity. The car will come with the Vehicle Identification Number or VIN – 202001. The 2020 denotes the model year of the car and 01 denotes the first ever car to roll off the assembly line. The car has been bought by Craig Jackson, the Chairman and CEO of the Barrett-Jackson auction where the car was sold.

    The A90 Toyota Supra will be offered with a paintjob straight from the assembly line – a matte grey finish with red ORVMs. In addition to this, the car also gets a set of custom matte black alloy wheels. The car will also have a red and black theme on the interior and a range of carbon-fibre options. The car will also be signed by the Toyota CEO, Akio Toyoda. In addition to this, the winner will also receive a VIP race track experience.

     

    29 January 2019

  • Toyota All Set to Roll Out the Camry Hybrid in 2019 

    With the first generation of the Camry models proving to be a hit amongst citizens in the second generation of the Camry Hybrid in 2019. Since 70% of the models were hybrids in the first generation and the response to the car was positive, they have decided to roll out the second generation of the cars as hybrids as well. Expected to be priced around Rs.40 lakh (ex-showroom price), the Toyota Camry Hybrid is expected to rival Skoda’s Superb, Accord Hybrid by Honda and the Mercedes Benz CLA. Rolled out with a sleek design, the Toyota Camry Hybrid will have a 2.5 litre engine, and will throw out 174bhp and 221 Nm, but with the hybrid the Camry will throw out 205 bhp. The Camry Hybrid will be fitted with climate control, an infotainment system, with a JBL Dolby audio system, and sufficient space for the passengers and even the rear passengers will have reclining seats. Looking at its safety features, the Toyota Camry will have traction control, brake assist, ABS with EBD and a hill start assist to help drivers maneuver on meandering roads and hilly regions.

     

    25 January 2019

  • Ford and Volkswagen Announce Global Alliance to Develop New Vehicles

    International auto giants Ford and Volkswagen have entered into a global partnership to develop new cars for the future. The companies are planning to develop electric vehicles (EVs) and autonomous vehicles (AVs) through this alliance. It is expected that this partnership will bring down the costs for both companies.

    This is not the type of partnership where both companies will own stakes in each other. Instead, a panel of joint committee with equal members from both companies will oversee the developments of new vehicles. The companies have already signed a memorandum of understanding in June 2018 for the development of new vehicles.

    The first vehicle from this partnership will be launched in the United States in the year 2022. It is believed that the first vehicle will be a medium sized pickup truck. This alliance is expected to bring many changes in the industry with regard to EVs and AVs.

    22 January 2019

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