To decide the Best Car Insurance in India for 2018, You have to compare various Car Insurance Policies by different Companies. There are certain tests to perform and decide the Best Car Insurance Company Policy in India for 2018. You can also read our earlier article on Best Life Insurance for 2018 & Best Mobile Insurance too with expert analysis. It is mandatory to buy a Car Insurance in India. Therefore, before you lock in on a policy, carefully choose the best policy and company in India. We will perform a total of 2 tests to decide the Best Car Insurance in India for 2018.
No of Garages : Test #1 Best Car Insurance in India 2018
The first test to decide the To decide the Best Car Insurance in India 2018 is to check the number of cashless Garage network each company policy offers. The more the garages, the better it is.
If the garage network is too small, then it will be harder for you later to get your work done, in case your city is not covered in the plan.
|Car Insurance Company||Garages|
|Bajaj Allianz Car Insurance Policy||4,200|
|HDFC Eego Car Insurance Policy||3,300|
|Bharti Axa Car Insurance Policy||2.500|
|L&T Car Insurance Policy||2,000|
|Reliance Car Insurance Policy||2,000|
It is clear from the above table that, Bajaj Allianz Car Insurance Policy is leading the competition in terms of cashless garages offered to the customer.
Therefore, Bajaj Allianz is the winner of the Test 1 in Best Car Insurance in India 2018.
Response Time : Test #2 Best Car Insurance in India 2018
Average Response Time is one of the important tests to define Best Car Insurance in India 2018. This is the average time the company takes to settle the Car Insurance claim of its customer.
Every company treats the customers well while accepting the applications for Car Insurance. However, what differentiates a great company and a good company is how it takes care of the customers while offering them better customer service.
|Car Insurance Company||Response Time|
|Bajaj Allianz Car Insurance Policy||4 days|
|HDFC Eego Car Insurance Policy||6 days|
|Bharti Axa Car Insurance Policy||6 days|
|L&T Car Insurance Policy||7 days|
|Reliance Car Insurance Policy||9 days|
Just like the Test 1, Bajaj Allianz is leading the table with big Response time gap compared to its competitors.
Therefore, Bajaj Allianz is the winner of the Test 2 Average Response Time in Best Car Insurance in India 2018.
Winner of Best Car Insurance in India 2018
It can be concluded that, Bajaj Allianz is clear leader and winner in Car Insurance. The other companies are not far behind either.
Bajaj Allianz Car Insurance policies has seen a growth of 120% in the last year, which is a clear trend in its favour.
Types of Car Insurance Coverage
There are basically three types of Car Insurance Coverage that Companies offer through their policy in India. These are explained as follows:
Third Party Liability Car Insurance
This type of insurance covers only any damage caused by the vehicle to a third party in case of accident. It covers liability due to death/ injury of third person and damage to third party property. No benefit is paid to insured in case of accident. Third party insurance is mandatory as per motor act. It cover.
In property insurance First party is the owner of property, Second party is the Insurer and the Third party is say person on street.Normally in insurance loss or damage to the property of insured is covered. If your car gets damaged, its repair and replacement is covered. This is commonly called First party insurance.
Collision Car Insurance Coverage
When there is a damage to your car due to an accident or collision, you can get financial coverage through this car insurance policy.
Comprehensive Car Insurance Coverage
Comprehensive coverage covers damages to your own car (less the deductible) for things that happen that are NOT from a car accident.
Don’t confuse “Comprehensive” coverage with “Collision” coverage. Collision coverage pays for damage to your own car (less deductible) for damages caused in a collision or car accident.
Comprehensive Car Insurance provides coverage for physical damage to your auto for the following types of losses:
- Falling Objects
- Explosion or Earthquake
- Hail, water or flood
- Vandalism & Malicious Mischief
- Riot & Civil Commotion
- Contact with Bird or Animal
- Glass Breakage
This is one of the most famous car insurance policies in India. The premium is also higher in this type of insurance policies.
Quick Tips before buying Car Insurance
Compare quotes from multiple companies. One ofis to call an Independent Agent, who represents many companies and have them quote your insurance with the same coverage. One call = many quotes.
Review with your agent all of the discounts your insurance company offers.
Bundle the car insurance of 2 or more vehicles and get a discounted price from the car insurance company. You can also take a bundle insurance on your Car, Mobile and Health. Buy your auto insurance from the same company that you purchase your Home.
The Best Car Insurance in India 2018 is the one that offers best premiums and provides best after sale customer service.
- 1 No of Garages : Test #1 Best Car Insurance in India 2018
- 2 Response Time : Test #2 Best Car Insurance in India 2018
- 3 Types of Car Insurance Coverage
- 4 Quick Tips before buying Car Insurance