Car insurance in India is more than just a legal formality — it’s essential financial protection against accidents, theft, natural disasters, and third-party liabilities. With over 25 insurers offering motor insurance, choosing the right provider can directly impact your claim experience, coverage quality, and service satisfaction.
In this guide, we compare the top 10 car insurance companies in India for 2025 based on their:
- Claim settlement performance
- Customer service reputation
- Network garage availability
- Premium value and features
- IRDAI solvency and renewal rate
Comparison Overview: Best Car Insurers (2025)
| Rank | Company Name | Claim Settlement Ratio* | Network Garages | Key Highlight |
|---|---|---|---|---|
| 1 | ICICI Lombard | 96.7% | 8,000+ | Fastest cashless claims, digital tools |
| 2 | HDFC ERGO | 99.3% | 7,600+ | Max add-ons, zero depreciation plans |
| 3 | Tata AIG | 98.3% | 7,500+ | Value plans + international standard cover |
| 4 | Bajaj Allianz | 98.0% | 6,500+ | 24×7 spot assistance + fast renewals |
| 5 | New India Assurance | 96.5% | 4,000+ | Government-backed, high trust |
| 6 | IFFCO Tokio | 97.1% | 5,000+ | Affordable, wide rural reach |
| 7 | SBI General | 96.2% | 6,000+ | Strong bank link, easy digital access |
| 8 | Reliance General | 95.6% | 8,500+ | Strong garage network, telematics support |
| 9 | Acko General | 94.7% | 6,000+ (tie-ups) | App-based claim process, low premiums |
| 10 | Digit Insurance | 94.4% | 5,800+ | Transparent policies, fast settlements |
*Claim Settlement Ratio = % of claims settled without disputes or delays. Based on IRDAI 2023-24 data.
1. ICICI Lombard General Insurance
Why it’s top-rated:
- One of the largest private general insurers
- 24×7 claim support and WhatsApp claim tracking
- On-road assistance and zero depreciation plans
- Cashless tie-up with 8,000+ garages
Unique Feature:
“Instant Cashless Garage Approval” via mobile app within 2 hours.
Best For: Urban customers with high-end vehicles or tech-savvy users.
2. HDFC ERGO General Insurance
Strengths:
- 99%+ claim settlement ratio in 24 hours
- Offers 15+ add-ons like NCB Protect, Return to Invoice, etc.
- Wide network and efficient app-based services
- Covers electric cars and hybrid vehicles
Unique Feature:
“Pay-as-you-drive” usage-based insurance for low-mileage drivers.
Best For: Customers seeking a premium experience with customization.
3. Tata AIG General Insurance
Why it stands out:
- Excellent digital interface
- Plans tailored for new, old, and used cars
- Offers theft protection, engine protection, and consumables cover
- Fast endorsements and document-free renewals
Unique Feature:
Covers international driving zones (GCC) for NRIs with Indian cars.
Best For: Professionals and new car buyers.
4. Bajaj Allianz General Insurance
Strengths:
- Instant motor claim registration
- Roadside assistance in remote areas
- Fast inspection via mobile upload
- Add-ons: Lock & Key Replacement, Consumables Cover, etc.
Unique Feature:
Offers “Drive Smart Telematics” — usage-based discounts for safe driving.
Best For: Customers valuing 24×7 support and quick claim turnaround.
5. New India Assurance
Overview:
- Oldest and most trusted PSU in India
- Lower premiums in Tier II/III cities
- Best suited for government employees
- Good renewal loyalty benefits
Unique Feature:
Offline + online servicing with widespread rural network
Best For: Customers looking for long-standing reputation and trust.
6. IFFCO Tokio General Insurance
Key Features:
- Ideal for rural, semi-urban population
- Affordable add-ons like engine protect and return-to-invoice
- Strong offline network and co-operative society tie-ups
Unique Feature:
CNG and LPG vehicle insurance add-on at very low cost.
Best For: Budget-focused customers and agricultural transporters.
7. SBI General Insurance
Why it’s strong:
- Ties with State Bank of India and affiliated dealers
- Multiple claim filing options: branch, mobile, online
- Robust network of cashless garages
Unique Feature:
Claim Intimation via YONO SBI banking app.
Best For: Existing SBI customers and first-time buyers.
8. Reliance General Insurance
Features:
- Strongest cashless garage network (8,500+)
- Smart Drive Telematics feature
- Paperless renewals and mobile app-based claims
- Quick issuance for new cars
Unique Feature:
Offers premiums based on driving behavior and GPS usage.
Best For: Young drivers and app-savvy urban buyers.
9. Acko General Insurance
Strengths:
- 100% digital insurer — app and website based
- Low premiums, no middleman markup
- Simple purchase process, easy claim filing
- Tie-up with Amazon, Ola, and more
Unique Feature:
Free pick-up, repair, and drop facility in metros.
Best For: Young buyers, online-first users, budget-conscious customers.
10. Digit Insurance
Features:
- Paperless claim filing
- Customizable plans with 7+ add-ons
- Transparent policy terms with no hidden charges
- Simple claim video inspection via smartphone
Unique Feature:
High claim acceptance in under 48 hours (AI-driven processing)
Best For: Customers wanting transparency and speed.
How to Choose the Best Car Insurance in 2025
When comparing car insurance providers, consider:
- Claim Settlement Ratio – Higher the better
- Cashless Garage Network – Especially near your location
- Add-ons Offered – Zero depreciation, engine protect, NCB retention
- Digital Services – App claim filing, policy renewal, tracking
- Customer Reviews & IRDAI Ratings
Common Add-ons to Consider
| Add-On Cover | Purpose |
|---|---|
| Zero Depreciation | Full repair value without deduction |
| Engine Protect | Covers engine damage due to flooding, leakage, etc. |
| Return to Invoice | Full invoice value payout if car is stolen/damaged |
| Consumables Cover | Covers oils, screws, AC gas, and similar items |
| NCB Protector | Keeps your bonus intact even after one claim |
| Roadside Assistance | Emergency towing, flat tyre, fuel support |
Final Thoughts
In 2025, choosing the right car insurance means more than just comparing premiums. It’s about finding the right balance of price, claim support, add-ons, and garage access.
- ICICI Lombard, HDFC ERGO, and Tata AIG lead in digital innovation and service.
- Bajaj Allianz and Reliance offer convenience-driven plans for urban users.
- New India Assurance and IFFCO Tokio remain excellent choices for those preferring traditional servicing.
Always check the latest IRDAI reports and review your individual needs — car model, location, budget — before finalizing your policy.
Disclaimer
This article is intended for educational purposes only. Insurance features, premiums, and services are subject to change. Always verify policy terms and claim conditions with the insurer before purchase.