• City & RTO
  • Car Brand
  • Car Model
  • Car Fuel Type
  • Car Variant
  • Registration Year
Get Car Insurance starting at only ₹2,094/year #
Compare & Save upto 91%+ on Car Insurance
  • Renew policy in 2 minutes*

  • 21+ Insurers to choose

  • 1.2Cr+ Vehicles Insured

Processing
    Other models
    Other variants
    Select your variant
    View all variants
      Secure
      We don’t spam
      View Prices
      Please wait..
      By clicking on “View Prices”, you agree to our Privacy Policy & Terms of Use
      Get Updates on WhatsApp
      Select Make
      Select Model
      Fuel Type
      Select variant
      Registration year
      Registration month
      Save & update
      Please wait..
      Search with another car number?

      We have found best plans for you!! Our advisor will get in touch with you soon.

      List of Best Car Insurance Companies In India

      There are top 22+ car insurance companies in India that offer car insurance online with various benefits to cater to different individual requirements. Before buying a four-wheeler insurance policy, you must decide which company to choose. Here is the list of car insurance companies to help you buy a policy that best suits your needs.

      Read more

      Best 22+ Car Insurance Companies in India in 2025

      Listed below are over 22 car insurance companies in India, along with their number of network garages and claim statement ratios.

      Car Insurance Company Network Garages Claim Settlement Ratio
      Bajaj Allianz Car Insurance 4000 98.5%
      Chola MS Car Insurance 8300 96%
      Digit Car Insurance Repair Anywhere 96%
      Future Generali Car Insurance 3500 96.3%
      HDFC ERGO Car Insurance 8200 99%
      ICICI Lombard Car Insurance 5900 96.75%
      IFFCO Tokio Car Insurance 4300 95.8%
      Liberty Car Insurance 4500 98%
      Magma Car Insurance 4000 96.6%
      National Car Insurance 3100 93%
      New India Assurance Car Insurance 3000 95%
      Oriental Car Insurance 3100 94%
      Raheja QBE Car Insurance 1000 92%
      Reliance Car Insurance 8200 98%
      Royal Sundaram Car Insurance 3300 98.6%
      SBI Car Insurance 16000 100%
      Shriram Car Insurance 2000 96%
      Tata AIG Car Insurance 7500 N/A
      United India Car Insurance 3100 95%
      Universal Sompo Car Insurance 3500 96%
      Zuno Car Insurance 1500 98%
      Zurich Kotak Car Insurance (formerly known as Kotak Mahindra) 2327 98%
      See More Plans
      Disclaimer: The table above lists insurance companies alphabetically. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list comprises insurance products offered by all the insurance partners of Policybazaar. For a complete list of car insurance companies in India, refer to the official website of IRDAI (Insurance Regulatory and Development Authority of India).

      How to Choose the Best Car Insurance Company in India?

      Before you buy best car insurance in India, you should compare different car insurance companies online based on the following criteria:

      • Analyse Car Insurance Needs: It is very important to understand your coverage requirements while selecting the right car insurance company. Determine your budget and the type & level of coverage you need, then opt for a motor insurance policy that best suits your requirements.
      • Insurer's Reputation: To confirm the legitimacy of a car insurance company in India, you should check its IRDAI registration number and evaluate its financial stability by examining annual records and solvency ratios, ensuring timely and effective claim settlements.
      • Review Add-on Covers: It is always recommended that you consider the optional covers available with a car insurance to enhance your standard coverage. Some essential add-ons include Zero Depreciation, Engine Protection, Consumables, RSA (Roadside Assistance), etc.
      • Claim Settlement Ratio: You should also examine the claim settlement ratio (CSR) and incurred claim ratio (ICR) of the car insurance company. A higher CSR implies a better chance of your motor claims being settled, and a favourable ICR can show efficient premium management. Hence, choose an insurer with higher CSR and ICR to minimise the risk of claim rejection.
      • Cashless Garage Network: Cashless garages are car repair shops approved by an insurer where you can get your car repaired without having to pay out-of-pocket. A car insurance company with a larger network of garages ensures a higher probability of finding one near your location.
      • Online Comparisons: Before purchasing your policy, you must compare car insurance quotes offered by various insurers. This will help you analyse their scope of coverage, premium rates, and add-ons. The ideal car insurance company will provide you with maximum coverage without making you pay an exceptionally high premium price.
      • Customer Reviews: While looking for the right car insurance policy, it is better to check the customer reviews of different car insurance companies regarding the ease of buying, benefits offered, customer services and support, etc. Most car owners rely on reviews of car insurance companies in India while buying a policy.

      Types of Car Insurance Policies In India

      Most car insurance companies in India offer three types of policies, as explained below, each with a different level of coverage:

      1. Third Party Liability Car Insurance:

        A third-party liability car insurance policy protects against any third-party liabilities of the policyholder arising out of accidental bodily injuries, disability, death or property damages to a third party. This type of insurance does not cover any loss or damages suffered by the insured car or its driver. It is important to note that a third-party car insurance policy is mandatory as per Indian motor laws.

      2. Comprehensive Car Insurance:

        A comprehensive car insurance policy covers both third-party liabilities and own damages, offering maximum protection. Policyholders can further extend this coverage by opting for add-ons, which are optional covers provided by car insurance companies at an additional price.

      3. Standalone Own Damage (OD) Car Insurance

        A standalone own-damage car insurance policy provides coverage only for the damages sustained by the insured car due to fire, natural disasters, accidents, manmade calamities, as well as theft. You can only opt for a standalone OD cover along with a third-party car insurance policy.

      Here is a table that shows the differences between these three types of car insurance policies:

      Coverage Third Party Liability Car Insurance Standalone Own Damage Car Insurance Comprehensive car Insurance
      Third Party Property Damages Yes No Yes
      Third Party Vehicle Damages Yes No Yes
      Bodily injuries/disability/death of the third party Yes No Yes
      Loss/Damages to the insured car in an accident No Yes Yes
      Loss insured due to theft of the insured car No Yes Yes
      Loss/Damages to the insured car in a natural calamity No Yes Yes
      Loss/Damages to the insured car in a fire No Yes Yes
      Loss/Damages to the insured car in a manmade calamity No Yes Yes
      Personal Accident Cover (if opted) Yes Yes Yes
      Mandatory by the law Yes No No
      Zero depreciation cover (if opted) No Yes Yes
      Other Add-on covers No Yes Yes
      See More Plans

      Third Party Car Insurance Price List in India (2025)

      These are third-party car insurance premium rates as per IRDAI for FY 2025-26. The prices are fixed based on a car's engine cubic capacity or battery power.

      Vehicle Type Engine / Battery Capacity 1-Year Premium 3-Year Premium
      Private Car <1000cc Rs. 2,094 Rs. 6,521
      1000cc-1500cc Rs. 3,416 Rs. 10,640
      >1500cc Rs. 7,897 Rs. 24,596
      Electric Car <30 kWh Rs. 1,780 Rs. 5,543
      30-65 kWh Rs. 2,904 Rs. 9,044
      >65 kWh Rs. 6,712 Rs. 20,907

      Note: IRDAI decides the premium rates for third-party insurance, which are subject to change. Always refer to IRDAI's official website for the most recent premium prices.

      Factors Affecting your Car Insurance Premium

      Here are the key aspects that impact the premium price of a car insurance policy:

      • Make, Model and Type: Your car's manufacturer, model, and cubic capacity significantly impact car insurance premium rates. Luxury or sports cars have higher premiums compared to hatchbacks or SUVs.
      • Geographical Location: The area in which you reside is another factor that affects car insurance policy premiums, mainly due to crime rates, traffic and population densities, weather conditions, and road quality, thereby influencing the overall risk for car insurance companies. Generally, the premiums are higher for car owners living in urban areas.
      • Age/Profession of the Driver: Car insurance companies consider the driver's profession and age to assess the level of risk associated with insuring an individual. In case multiple drivers use the same car, car insurance premiums go up because the chances of claims increase with each additional driver.
      • No Claim Bonus (NCB): If you are a responsible driver and you haven't filed any claim during the policy term, you get the advantage of the No Claim Bonus (NCB), which is a discount on your policy premium at the time of renewal.
      • Claim Settlement Ratio (CSR): The claim settlement ratio is the number of claims an insurer settles in a year out of the total number of claims received. An average of 85% CSR is considered good. You can easily find the claim settlement ratio of car insurance companies on IRDAI's website, Policybazaar.com or the insurer's official website.

      How to Calculate Car Insurance Premium?

      You can use an online car insurance calculator to get the exact amount for your car insurance premium in just a few minutes. Simply enter your vehicle details, such as make, model, variant, fuel type, & area of vehicle registration- and instantly see your car insurance premium price for both own-damage and third-party insurance covers.

      How to Buy Car Insurance in India?

      Here is how you can compare and purchase the right car insurance policy from Policybazaar.com:

      • Select 'Car Insurance' from the homepage of Policybazaar Insurance Brokers Private Limited.
      • Enter your car's registration number and other details.
      • Fill out the proposal form to view policy prices.
      • You will now find multiple plans offered by different car insurance companies.
      • You can also see the details of a plan from the 'Policy Details' option.
      • Compare and choose the plan as per your coverage requirements. At this step, you can also select the necessary add-ons that you need.
      • Now, pay the premium amount using the available payment modes.
      • Once you make the payment, your four-wheeler insurance policy will be mailed to you.

      Car Insurance Companies in India FAQs

      • Q1. Which is the right car insurance company in India?

        Ans: To find the right car insurance in India, you should first compare car insurance companies online based on their coverage, benefits, and policy pricing. You can also use a car insurance premium calculator to estimate premiums from different insurers and select the plan that offers maximum benefits at the lowest rates.
      • Q2. How is the third-party premium for car insurance calculated?

        Ans: The third-party premium for car insurance is fixed by IRDAI (Insurance Regulatory & Development Authority of India) every fiscal year, and it depends on the engine cubic capacity (CC) of the car.
      • Q3. What documents are required to buy car insurance in India?

        Ans: You don't need any documents to buy car insurance online. Simply visit Policybazaar.com and select 'Car Insurance' under the 'Insurance Products' section. Input your car number and its other details. From the list of various quotes offered by different car insurance companies, choose the one that best suits your requirements. Pay the premium amount, and your car insurance policy will be emailed to you.
      • Q4. Is it possible to change my car insurance company?

        Ans: Yes. You can change your car insurance company if you are unsatisfied with your current insurer at the time of your policy renewal. You can compare different car insurance companies based on the offered coverage, benefits as well as claim settlement ratio.
      • Q5. Do car insurance companies offer compensation for the full IDV of the car?

        Ans: Your car insurance company will compensate you for an amount equivalent to the IDV of your car only in case of total loss claims or if the repair costs exceed your car's IDV.
      • Q6. What will happen to my NCB if I switch my insurer?

        Ans: No claim bonus is tied to the policyholder and not the vehicle. So, if you change your insurer or buy a new vehicle, your NCB will be transferred to your new car insurance policy.
      • Q7. What does partial claim settlement mean in car insurance?

        Ans: Partial claim settlement is when car insurance companies pay a part of the claim amount to policyholders. It can happen for several reasons, including negligent driving, vehicle depreciation, lack of accident proof, etc.
      • Q8. Will I lose my NCB if I don't renew my car insurance policy before its expiry?

        Ans: No. Your No Claim Bonus will be retained for up to 90 days after your policy expires. You will only lose your NCB benefits if you don't renew your car insurance policy within that 90-day period.
      • Q9. How to check the IRDAI registration number of a car insurance company?

        Ans: To check IRDAI’s registration number of a car insurance company, simply visit IRDAI’s official website and navigate to ‘List of Registered Insurance Entities’ under ‘Consumer Affairs’ on the homepage.

      Explore add-ons for your car insurance

      Plans starting from @ ₹2,094/year*
      Car Insurance
      Zero Depreciation Car Insurance
      Car Insurance
      Compulsory Personal Accident Cover
      Car Insurance
      Bumper to Bumper Insurance
      Car Insurance
      NCB Protector Add-On Cover
      Car Insurance
      Bundled Policy
      Car Insurance
      Roadside Assistance Cover
      Car Insurance
      Return To Invoice Cover in Car Insurance
      Car Insurance
      Engine Protection Cover
      Car Insurance
      Personal Possessions Cover
      Car Insurance
      Voluntary Deductible in Car Insurance
      Car Insurance
      Key Replacement Cover
      Car Insurance
      Daily Allowance Cover
      Car Insurance
      Tyre Protector Cover
      Car Insurance
      Rim Damage Cover
      Car Insurance
      Car Accessories Cover

      Car Insurance for Popular Brands in India

      Maruti Car Insurance
      Tata Car Insurance
      Hyundai Car Insurance
      Honda Car Insurance
      MG Car Insurance
      Kia Car Insurance
      Toyota Car Insurance

      Save upto 91% on Car Insurance
      Disclaimer: The list mentioned is according to the alphabetical order of the insurance companies. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in
      Claim Assurance Program

      Car Insurance Articles

      • Recent Article
      • Popular Articles
      30 Jun 2025

      Car Insurance Renewal in India: A Complete Guide

      Have you found yourself delaying (and eventually forgetting) about

      Read more
      27 Jun 2025

      New Car Insurance Guide: What to Know Before...

      More than 43 lakh new vehicles were sold in India in 2024 alone

      Read more
      19 Jun 2025

      Why There's a Rising Demand for Usage‑Based Car...

      With the growing number of motorists in India demanding fairer

      Read more
      16 Jun 2025

      Car Insurance for Self-Driving or Autonomous...

      Autonomous or self-driving vehicles are the future, as all major

      Read more
      12 Jun 2025

      All About Roadside Assistance in Car Insurance

      The comprehensive car insurance package usually provides roadside

      Read more

      How to Get Your Duplicate Car Insurance Policy...

      Losing your car insurance documents can be daunting, especially when you need them in an emergency or for a routine

      Read more

      How to Transfer Car Insurance Policy?

      Buying a car, even second-hand, is a big decision, and often, people overlook the essential documentation involved

      Read more

      Get Vehicle Fitness Certificate from RTO...

      A vehicle fitness certificate (FC) ensures that a motor vehicle is fit to be driven on roads. As per the Indian

      Read more

      #Rs 2094/- per annum is the price for third-party motor insurance for private cars (non-commercial) of not more than 1000cc

      *Savings are based on the comparison between the highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB. Actual time for transaction may vary subject to additional data requirements and operational processes.

      +Savings are based on the maximum discount on own damage premium as offered by our insurer partners.

      ##Claim Assurance Program: Pick-up and drop facility available in 1400+ select network garages. On-ground workshop team available in select workshops. Repair warranty on parts at the sole discretion of insurance companies. Dedicated Claims Manager. 24x7 Claim Assistance.